I’m not a huge fan of the WSJ but on this one, they are right. This was a dreadful mistake.
This is one of the worst things Trump could do for the economy. Mexico is smiling because they'll ship more cars and appliances to the U.S. The Middle East Oil Sheiks are smiling because the domestic oil industry just got less competitive (steel is a huge input). Gold hoarders are smiling because inflation is on the way. Dems are smiling because this is the type of policy they love, but aren't dumb enough to enact. They're also looking at a sweep once the economic impact hits.
Combine this with his gun control and you can understand why so many conservatives were uncomfortable with him.
So how do American companies compete when foreign governments subsidize steel and aluminum and sell them here below their costs? Does that seem fair?
Yes, it is. I'm good friends with a man who owns a small steel biz. He's not happy at all. It's going to cost him a lot of money. Probably will cost a few their jobs eventually if this is not just a threat and turns into a trade war.
I don’t think so. I have observed for decades how we send containers of agriculture products worth forty or fifty thousand and then get that same container back filled with goods worth hundreds of thousands of dollars. That’s not fair trade, lt’s stupid trade. It has to stop if AmerisourceBergen
Ca is to be great again.