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Michigan steelworkers rally in support of manufacturing jobs in early 2000s. Photo: Bill Pugliano/Getty Images

Pittsburgh-based United States Steel plans to halt production at a Michigan plant, resulting in a temporary layoff of up to 200 workers, CNBC reports.

Why it matters: President Trump has boasted that the U.S. steel industry has been "thriving" since he took office, following a 2016 campaign promise to revive American manufacturing. Overall, domestic steel prices have decreased along with demand, causing the company to readjust production in several cities.

Context: American steel prices initially increased as a result of the first round of Trump's tariffs on steel imports, but subsequently dropped due to weakening demand from the auto and farm machinery sectors, per CNBC.

  • U.S. Steel's stock price has plummeted 73% since March 2018, which is when Trump announced his decision to reign in foreign steel imports.
  • Job growth in the steel industry has largely been flat due to plants becoming more reliant on automation, the New York Times reports.

What to watch: The layoffs could last for up to six months. They will impact nearly every sector of the plant, from blast furnace to finishing operations, a company spokeswoman told Reuters.

Go deeper

Updated 2 hours ago - Politics & Policy

Congressman criminally charged with lying to feds

Rep. Jeff Fortenberry. Photo: Al Drago/Bloomberg via Getty Images

Rep. Jeff Fortenberry (R-Neb.) has been indicted on charges he falsified records and lied to federal investigators probing an illegal foreign donation scheme, the Justice Department announced on Tuesday.

Driving the news: DOJ says a Fortenberry associate, who later cooperated with investigators, informed him he'd likely received illegal donations from an intermediary for a foreign national, but that Fortenberry denied any knowledge of such a scheme when contacted by the FBI.

"Assassin's Creed," but for schools

"Viking Age: Discovery Tour." Image via Ubisoft

For the third time since 2018, Ubisoft is releasing a nonviolent version of its latest “Assassin’s Creed” game as part of a unique effort to turn one of the medium’s most popular series into an educational tool.

Driving the news:Viking Age: Discovery Tour” transforms last year’s “Assassin’s Creed Valhalla” from a bloody 150-hour game about Viking conquest in 9th century England into a peaceful four-hour game about merchants and monks.

School enrollment fell by almost 3 million from 2019 to 2020

Kindergarten student Natalia Bayoumi holds the hand of her father Amir Bayoumi as he walks to the front door of Normont Elementary School in Harbor City, CA. Photo: Al Seib / Los Angeles Times via Getty Images

The number of individuals enrolled in the U.S. education system dropped by 2.9 million from 2019 to 2020, according to new data released Tuesday by the Census Bureau.

Why it matters: This marks the lowest level of school enrollment for those under 35 years-old in over 20 years, per the Census Bureau.