U.S. Steel: How politics, tariffs have played a role in the steel industry

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Industrial giant United States Steel (X) has rejected a $7.3 billion buyout proposal from Cleveland-Cliffs Inc. (CLF). From Trump-era tariffs to President Biden's promises outlined in his infrastructure plan, U.S. politics have sought to bolster the steel industry against increasing competition from international manufacturers. Yahoo Finance Senior Columnist Rick Newman breaks down whether those political relationships have ultimately helped steelmakers as U.S. Steel becomes a target for consolidation.

This post was written by Luke Carberry Mogan.