Posted on 03/01/2018 12:02:33 PM PST by ek_hornbeck
President Donald Trump said Thursday his administration will impose tariffs on steel and aluminum imports as early as next week, a highly controversial move that Trump framed along economic and national security lines.
Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum to shore up the struggling industries, capping a fierce, months-long internal debate that divided some of the President's top advisers. The move is likely to invite retaliatory measures from foreign countries, raising the specter of a trade war between the US and several other steel-producing countries.
(Excerpt) Read more at cnn.com ...
If you respond, please don't forget to call me a "Free Traitor". I'd be flattered.
Except only a moron like you uses the static model for a dynamic situation. You are a simpleton or a traitor.
That is a good thing. US steel makers will put on additional shifts and produce more and rake in huge profits. That is what we want for the US to gain market share. Increased price will mean increased supply. Law of supply and demand. Eventually the price point will come down to pre tariff levels but it will take time. You free traitors really f’ed over the country so this will be over the long haul. Cry me a river...
Well said!
Ok, what are you saying about a tariff decreasing margins is silly stupid. A tariff INCREASES margins of domestic producers drastically. So your post makes no sense.
Additionally, do other domestic producers also have the same motivation to add production shifts(more US employment) and produce more, yes. With increased domestic production prices will come down. That is the law of supply and demand.
I don’t know about steel, but aluminium smelting requires a lot of electricity and Canada has the advantage of having very cheap hydroelectricity in some places.
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