TIME

The worsening trade war exposes a problem that’s Made in the USA

The St. Pierre Manufacturing Corp. in Worcester, Mass., is feeling the sting of tariffs on foreign steel

FOR NEARLY A CENTURY, THE ST. PIERRE MANUFACTURING Corp. has made steel products like horseshoes, tire chains and wire ropes in a facility in Worcester, Mass. Yet, despite the strong economy, St. Pierre, like many other American manufacturers, is struggling. Its problems stem from President Donald Trump’s tariffs on Chinese-made goods. The ongoing trade war “makes it a heck of a lot harder to compete,” says Peter St. Pierre, the company’s vice president of finance and operations and a grandson of founder Henry St. Pierre.

Trump imposed tariffs on imported steel and aluminum more than a year ago, later adding them on an additional $200 billion worth of Chinese goods. On May 10, as negotiations on a wider deal with China faltered, he said some tariffs would increase to 25% from 10%. His rationale is twofold: dissuading Americans from buying Chinese exports is meant to put some teeth behind trade-deal talks, with

You’re reading a preview, subscribe to read more.

More from TIME

TIME7 min read
Catalysts
It’s been a long time since there was good news about Parkinson’s disease, a neurodegenerative condition that affects more than 8 million people worldwide. But that changed this year, thanks in part to Michael J. Fox’s perseverance in raising awarene
TIME2 min read
A Man In Full, Adapted And Redacted
Tom Wolfe’s A Man in Full is a massive book, in more ways than one. The 742-page social novel about a swaggering Atlanta real estate mogul, which took Wolfe over a decade to write, sold a jaw-dropping 1.4 million hardcover copies after its publicatio
TIME5 min read
The Golden Age Of Ryan Gosling Is Upon Us
In Derek Cianfrance’s 2010 love-on-the-rocks heartbreaker Blue Valentine, Ryan Gosling plays a husband and father, Dean, who appears to be nothing but an annoyance to his wife, Michelle Williams’ Cindy, a harried nurse. She hustles to get their young

Related Books & Audiobooks