Re: “Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum...”
Which means the price of steel and aluminum in America will go up 25% and 10% - correct?
Before agreeing to this, I think we need to see a comprehensive report on the level of technology being used in American mills compared to the technology in the mills of the exporting countries.
If American steel and aluminum manufacturers are holding back on technology investments, there is absolutely no way Americans should subsidize them with higher prices!
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...
No, silly!
American manufacturers want to compete.
It'll be only 24.8% and 9.9%.