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This steel company says it's giving a $1,000 bonus to employees — if the tariffs actually happen

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Excited about opportunities tariff will provide: Pipe manufacturer CEO   8 Hours Ago | 07:59   

Zekelman Industries, a Chicago-based steel pipe and tube manufacturer, announced yesterday that each of its employees would receive a $1,000 bonus after President Donald Trump's steel and aluminum tariffs go into effect.

"We think there are great days ahead, and we wanted to share it with all of our people," Mickey McNamara, executive vice president of Zekelman Industries, told CNBC during "Closing Bell." "We think [the tariffs are] going to have a tremendous impact for us and for the entire domestic steel industry."

On Thursday, the president announced his proposed tariffs — 25 percent for steel and 10 percent for aluminum — would go into effect next week. He said the tariffs were in response to national security risks.



Source :- cnbc
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