Prøve GULL - Gratis
Trump's 'man of steel' posture will make America grate again
Mint New Delhi
|February 13, 2025
Learn from the past: Metal tariffs will injure the US and its allies

If you want to reduce international trade and foreign relations to chest-beating displays of dominance, sooner or later you're going to end up fighting about steel.
Hard, unbending, corrosion-resistant and essential to making macho artifacts like skyscrapers, cars and armaments, the metal is associated with images of strength.
US President Donald Trump echoed that imagery in a photoshopped image last year showing himself as Superman, the 'Man of Steel,' on his Truth Social account.
Other autocratic leaders have had the same idea.
Georgian revolutionary Iosif Vissarionovich Dzhugashvili chose the Russian word for steel when he came up with the name by which he is best-known: Stalin.
When Fascist Italy struck a military alliance with Nazi Germany three months before the start of World War II, Mussolini dubbed it the "pact of steel."
Make no mistake, however: Trying to protect the US steel and aluminum industries for nation-building is a doomed project that will make America weaker.
Tariffs of 25% on imported metal that Trump promised to unveil will be as ineffective in fostering domestic production as his 2018 round of restrictions.
Since those actions, US production capacity for aluminum has fallen by 32%, while steel is down 3.6%.
Why expect a different result?
Denne historien er fra February 13, 2025-utgaven av Mint New Delhi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi
Spirituality, with a side of artisanal coffee
Wavering between the scriptures and self-help platitudes, Namita Devidayal's book leaves the reader wishing they'd chosen a different book
5 mins
October 04, 2025

Mint New Delhi
Zubeen Garg: Assam's first true rock star
The singer-songwriter has thousands of hits in different languages but it was his irreverence that gave him god-like status in a community starved of icons
7 mins
October 04, 2025

Mint New Delhi
L’Oréal board in India next week
The board of French cosmetics giant L’Oréal, the world’s largest beauty group, will visit India next week to explore opportunities in one of the fastest-growing beauty markets. The first such visit comes amid recent management changes at the Indian arm of the Maybelline lipstick maker.
1 min
October 04, 2025
Mint New Delhi
ALL YOU KNEAD
AS PEOPLE MAKE HEALTHIER CHOICES, DAILY BREAD IS NO LONGER JUST WHITE AND SLICED BUT ARTISANAL, SMALL-BATCH AND MADE-TO-ORDER. IN RESTAURANTS, TOO, IT HAS RISEN FROM FILLER TO MAIN ACT
1 min
October 04, 2025

Mint New Delhi
A conversation between fibre and photo
An ongoing show juxtaposes Monika Correa's tapestries and Seher Shah's prints and photogravures
4 mins
October 04, 2025

Mint New Delhi
RBI plans sweeping overhaul to ease foreign borrowing
The central bank has proposed a sweeping liberalization of the external commercial borrowing framework, removing cost caps, widening eligibility, and tying fundraising limits to financial strength to make it easier for Indian firms to access foreign funds.
1 mins
October 04, 2025
Mint New Delhi
Kuku FM looks to raise up to $80 mn
Audio streaming platform Kuku FM has signed a term sheet to raise about $70-80 million in new funding, with South Korean-based video game publisher Krafton leading the round alongside existing investors, three people familiar with the matters said.
1 min
October 04, 2025
Mint New Delhi
Delhi, TN, Maha lead e-bus sales surge in H1
Govt incentives, charging infrastructure also fuel e-bus demand in Odisha
2 mins
October 04, 2025
Mint New Delhi
A case for loafing about
Taylor Swift apparently spends 60% of her time talking about bread (\"it's a loaf story,\" to quote her)—as I learnt from a reel I came across while trying to avoid getting down to the real work of the day (or should I say loafing about)—and it made me wonder when we became so obsessed about what came out of a packet and was eaten when we were sick.
1 mins
October 04, 2025

Mint New Delhi
Draft gaming rules trigger pushback from stakeholders
India’s beleaguered online real-money gaming industry stakeholders have questioned what they call ambiguities in the draft rules of the law that ban any game involving financial winnings.
1 mins
October 04, 2025
Listen
Translate
Change font size