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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.

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Illustration: Eniola Odetunde/Axios

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  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.

8 hours ago - Health

CDC extends interval between COVID vaccine doses for exceptional cases

Photo: Joseph Prezioso/AFP via Getty

Patients can space out the two doses of the coronavirus vaccine by up to six weeks if it’s "not feasible" to follow the shorter recommended window, according to updated guidance from the Centers for Disease and Control and Prevention.

Driving the news: With the prospect of vaccine shortages and a low likelihood that supply will expand before April, the latest changes could provide a path to vaccinate more Americans — a top priority for President Biden.