The benefits and financial toll of rebuilding America’s aluminum industry
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 24 April 2025
⏱️ 9 minutes
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| 0:00.0 | The central economic focus of President Trump's second term so far has been tariffs. |
| 0:05.6 | Over the past few months, the president has levied and also paused taxes on imports from all over the world. |
| 0:11.9 | Some have taken effect, including his tariffs on aluminum. |
| 0:15.4 | Economics correspondent Paul Solman looks at those and what kind of impact they might have on manufacturers, workers, |
| 0:21.7 | and consumers. |
| 0:24.8 | Aluminum is a magic metal and it's all around you. |
| 0:27.7 | Your telephone's made of aluminum. |
| 0:29.1 | Your refrigerator's made of aluminum. |
| 0:30.6 | Life as we know it wouldn't exist without it. |
| 0:33.5 | That's Charles Johnson of the Aluminum Association. |
| 0:36.4 | Problem is we import much of the aluminum we use, |
| 0:39.3 | and that's the rationale for bringing it all back home. |
| 0:42.3 | We absolutely support the President's stated objectives |
| 0:46.3 | of building and growing American manufacturing |
| 0:49.3 | and reshoring segments of manufacturing |
| 0:52.3 | that has left our country previously, and that would include |
| 0:55.7 | smelters. |
| 0:56.8 | Aluminum smelter, says Charles Johnson speaking for the industry. |
| 1:00.6 | We had nearly 30 of them a few decades ago. |
| 1:03.9 | America's now down to just four. |
| 1:06.2 | One way to try to boost those numbers, tariffs. |
| 1:09.4 | In March, President Trump slapped a 25% tariff on all aluminum imports to the U.S., |
... |
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