The winners of Trump’s trade wars?
American steel, aluminum, lumber, solar and washing-machine businesses have long complained about foreign competition — often from China — and sought tariffs.
While President Trump’s protectionist trade policies have boosted their confidence to expand production, it’s not clear if the new investments will pay off.
Case studies: Prices for U.S. steel continue to fall and, if the weakness continues, it could eat into profit margins.
In the solar market, companies from South Korea and China are building factories in the U.S. to avoid tariffs.