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PBS News Hour - Segments

The benefits and financial toll of rebuilding America’s aluminum industry

PBS News Hour - Segments

PBS NewsHour

News, Daily News

41K Ratings

🗓️ 24 April 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The central economic focus of President Trump's second term so far has been tariffs. Over the past few months, the president has levied - and also paused - taxes on imports from all over the world. Some have taken effect, including his tariffs on aluminum. Economics correspondent Paul Solman looks at those and what kind of impact they may have on manufacturers, workers and consumers. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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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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