Trade Cases
August 14, 2019
Nucor's Founder Predicted Long Ago That Tariffs Would Kill Steel
Written by Sandy Williams
The following editorial is by Allan Golombek, a Senior Director at the White House Writers Group, and was published on Aug. 12, 2019 by RealClearMarkets.
The steel industry should have listened to the founder of Nucor. In 1986, Ken Iverson pointed out that protectionist measures to save the American steel industry had not had the desired effect. He pointed out that only competition – from outside the United States and from emerging U.S. companies like his own – could force the industry to compete. Unfortunately, the dinosaurs of steel had other ideas.
