Posted on 07/26/2023 8:08:53 PM PDT by TBP
The Biden administration is considering a new set of tariffs on some steel imports that would increase food prices for consumers already reeling from the recent run of high inflation.
The Commerce Department and the International Trade Commission are considering a petition that would impose tariffs of up to 300 percent on tinplate steel, a key component in tin cans like those commonly used to pack food products including tuna, soup, baked beans, and more. If the administration decides to implement those tariffs on imports from eight countries, it would be a blatantly protectionist maneuver aimed at benefitting a single American company—the Ohio-based Cleveland-Cliffs Inc., which requested the tariffs—at the expense of consumers nationwide.
Those proposed tariffs will "threaten jobs, in the name of boosting employment" and "raise prices for low-income consumers, in the name of helping the working class," writes The Washington Post's Catherine Rampell.
Indeed, the past few years should leave little doubt that tariffs not only impose economic costs on consumers but also fail to achieve their politically motivated goals. Study after study has shown that the tariffs levied by the Trump administration on steel, aluminum, and lots of other goods resulted in American consumers paying higher prices. Earlier this month, in fact, another new report found that U.S. importers are shouldering 93 percent of the added costs from Donald Trump's tariffs.
It was short for Armco/Kawasaki.
But everyone here loves Tariffs when Trump talks about them and hates free trade when DeSantis talks about it.
Yes, tariffs are just another tax on products. If you want to make manufacturing in America cost-effective, the first thing we need to do is roll back some of the EPA and OSHA regulations that sent plants overseas in the first place.
I remember aluminum being used a great deal in the food packaging lines. Frames, brackets, etc. Just think of all the processes that went into making military spec and Army Navy hardware. The senergy of it all, heat treatment, tool and die, machining, etc.
That is exactly why the movie Atlas Shrugged should have been a wake up call for Americans. Nancy Pelosi got directly involved in destroying one of my company contracts. That’s the way the uniparty works.
Out here in the sticks of southern Ohio we have one solar installation (750 football fields) waiting for their Chinese solar panels. You think the EPA cares in the least. Just try getting an material safety data sheet on one. Which is common practice in every industry I’ve ever worked in and required. See how that works.
I just drove across Iowa. Windmills everywhere. Half of them aren't spinning. Not even a little bit. My small kids asked what they were. "A giant waste of taxpayer money!" I replied, "But they sure look cool!"
I'm sure most of the components in those windmills are made in China as well.
Thanks, Obama.
My understanding from family in Texas where there are thousands of them, is that the windmills are incredibly expensive to maintain, and many never even break even on the cost to operate, which can apparently take decades to pay off. So if you don’t have oil-rich landowners financing them, they may just go inop.
Tariffs are a tax that is paid to the US government. They raise the cost of goods to the consumer. They should almost never be implemented unless they are replacing other taxes that then go away. That includes all the tariffs Trump put in place.
Quite a large portion of posters here, seem to be all ok with China taking over everything.
Just saying…
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