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(85,987 posts)
Thu Oct 26, 2017, 08:38 AM Oct 2017

Russian company (link to Trump) supplied at least 25% of Keystone steel.

Citizens for Ethics‏ @CREWcrew 12h12 hours ago

A Russian company supplied at least 25% of Keystone steel. Company’s biggest shareholder is a friend of the Trumps.

Made-in-America Keystone was a stunt. Most of its pipes had already been manufactured, a fact the White House grudgingly admitted when it exempted the project from any new Buy American rules a few months later. While some of Keystone’s pipes were made in the U.S., at least a quarter of them came from a Russian steel company whose biggest shareholder is an oligarch and Trump family friend. The company, Evraz North America, supplied Keystone from its steel plants in Canada and for years has lobbied in Washington against Trump-style protectionism.

Ten months after his Keystone event, Trump has yet to deliver on his pledge to boost the fortunes of American steel. Two self-imposed deadlines for trade action, one in June and one in July, have come and gone. Meanwhile, the prospect of tariffs has led to a surge of cheap foreign steel into the U.S., with imports rising 24 percent in 2017, the fastest increase in years...

read: https://www.bloomberg.com/news/articles/2017-10-25/under-trump-made-in-america-is-losing-out-to-russian-steel
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