Trump tariffs bring hope, plans for jobs, to struggling small towns across US -- though broader effects remain uncertain

The steel and aluminum tariffs that President Donald Trump formally authorized Thursday have already brought some hope -- and plans for hundreds of jobs -- to economically distressed small towns across the U.S.

The good news comes as critics and trade groups sound the alarm about the tariffs' potentially negative long-term economic effects, including the possibility of a trade war, net job losses, and higher prices for goods across the globe.

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Citing the prospect of fairer trade conditions, Pittsburgh-based U.S. Steel announced this week that it would restart a steelmaking blast furnace next month in the small Illinois town of Granite City, the Chicago Tribune reported.

The move is reportedly expected to bring about 500 employees back to work, just two years after the company idled the plant and laid off thousands of workers.

“Our Granite City Works facility and employees, as well as the surrounding community, have suffered too long from the unending waves of unfairly traded steel products that have flooded U.S. markets,” U.S. Steel President and CEO David B. Burritt said in a statement.

In Kentucky, Century Aluminum announced that the tariffs would allow the company to hire up to 300 workers for its Hancock County smelter, WKYU in Bowling Green reported.

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But despite the positive news in some towns, critics say the tariffs may have negative economic consequences when they take effect in 15 days.

In this Thursday April 6, 2017 photo, a former steel factory is photographed through the gate of an abandoned industrial unit on the outskirts of Rombas, a french city located north east of France, near Hayange. In eastern France’s industrial rustbelt, workers are massing behind the virulently nationalistic politics of populist Marine Le Pen. A large chunk of them will come from once left-leaning industrial towns like Hayange, scarred by the closure of its blast furnaces. (AP Photo/Emilio Morenatti)

For many distressed cities and Towns in the U.S., President Trump's tariff plan offered some much-needed hope after years of decline.  (Associated Press)

“The threat of the tariff has increased prices already," Jim Russell, director of Utah's Division of Facilities and Construction Management, who predicts the cost of construction projects, told the Salt Lake Tribune, "and we’re trying to get our arms around what that impact will be and how we can try to mitigate it — if we even can, and I’m not sure we can.

“It’s kind of a waiting game at this time to see what we can do, because we’re not in a position to procure the steel at this point.”

In a report Monday, the pro-trade non-partisan group the Trade Partnership predicted a net loss of nearly 150,000 jobs as a result of the tariffs.

FILE - In this Wednesday, April 6, 2016 file photo, a Donald Trump supporter waves a U.S. flag as he and others face off with anti-Trump protesters about 50 feet away, near the site of a campaign appearance by the Republican presidential candidate in Bethpage, N.Y. White men have suffered some real losses, even as they maintain advantages. "What's made their lives more difficult is not what they think," says Michael Kimmel, a Stony Brook University professor who studies masculinity and wrote the book "Angry White Men." "LGBT people didn't outsource their jobs. Minorities didn't cause climate change. Immigrants didn't issue predatory loans from which they now have lost their houses and everything they ever had. These guys are right to be angry, but they're delivering the mail to the wrong address." (AP Photo/Craig Ruttle)

A Donald Trump supporter waves an American flag at a Trump campaign rally in Bethpage, N.Y., April 6, 2016.  (Associated Press)

The consulting group said job growth in the steel and aluminum industries will be dwarfed by job losses resulting from the increased costs of working with those resources.

But in Granite City, population 29,000, the dire predictions did not seem to dampen residents' measured enthusiasm.

“The feeling I think is more gleeful,” Jason Fernandez, a member of United Steelworkers Local 1899, told KMOV in St. Louis.

"The feeling I think is more gleeful."

- Jason Fernandez, United Steelworkers member

“It’s going to be a wait and see just a little bit longer," Fernandez added. “But there’s a lot more encouragement coming out of the decision today than there was yesterday.”

A real estate agent and lifelong Granite City resident told the paper her feelings were less mixed.

"We’re ecstatic,” Tina Besserman told the Tribune.

Gregg Re is an editor for Fox News. Follow him on Twitter @gregg_re.