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What will be the impact on the U.S. steel industry due to Lighthizer's trade policies by June 30, 2025?
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Donald Trump•Robert Lighthizer•Lighthizer•Trump•China•Chinese•Wall Street•Skadden Arps•USMCA•Mexico•Canada
Resolution / Starting Odds
Significant growth in U.S. steel production • 25%
No significant change • 25%
Decline in U.S. steel production • 25%
Other outcomes • 25%
Industry reports and financial performance of U.S. Steel companies
Story
Trump Picks Lighthizer, Known for China Trade War, to Lead U.S. Trade Policy
Nov 8, 2024, 05:11 PM
President-elect Donald Trump has asked Robert Lighthizer, an arch protectionist, to return as U.S. Trade Representative, signaling a potential shift back to aggressive trade policies. Lighthizer, who served from 2017 to 2021 during Trump's previous administration, is known for launching the trade war with China and implementing tariffs on Chinese goods. Prior to his government service, he spent three decades at Wall Street law firm Skadden Arps, where he fought imports from China on behalf of the U.S. steel industry, including U.S. Steel. He played a key role in negotiating the USMCA with Mexico and Canada. Lighthizer's appointment suggests a possible return to protectionism and efforts to decouple from China, raising questions about how quickly new tariffs might be implemented.
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