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...
Free Traitors?
LOL.
If I understand you correctly, USA steel and aluminum producers should receive no scrutiny before we give them a legally mandated price increase?
Canada is the leading steel exporter to the USA. Their cost of living and their environmental regulations are similar to the USA.
My first thought?
Canadian mills have invested in better technology than USA mills - but, if I understand correctly, anyone who asks that question is a traitor?
My second thought?
Massive LEGAL immigration into the USA has created a massive over supply of low skill labor, which has crushed the wage scale.
I want to know if USA steel and aluminum producers have used that massive over supply of low cost labor to avoid essential technology investments.
One more thought...
In the USA, I will speculate that new steel mills and new aluminum mills are as monstrously expensive and time consuming to get sited as new refineries or other “dirty” industries.
The idea that large numbers of foreign investors will build new mills in the USA is fanciful. They will simply buy old mills, at highly inflated costs, and manage them better than the current USA owners.
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...