“Yes, tariffs are taxes, and the steel and aluminum tariffs will raise prices for consumers and cost jobs in domestic industries that use those metals”
And Trump will never be elected, Jobs will never come back to America, 2% GDP is the new normal. Time will tell about tariffs, nothing is in place, Trump has just shot off the first Salvo.
Good post. Trump won an election on this and other pledges. It is not the least bit surprising to me that he is doing this. BTW, Bush did it and cancelled two years later, we have fewer steel producers today than at that time. So Bush did not save the steel industry. Was that because the tariffs did not work, or because he cancelled them in favor of global trade before they had a chance to work?
Personally, if the globalists are against the tariff, that makes my decision easy. Also, does this “tax” mean that we will pay off some of the tax break with tariff money? That sounds cool too.
And what about exempting some countries? The steel dumping countries will simply go through these exempt countries and run the blockade so to speak.
My guess, Trump will end the tariffs through the adoption of new trade deals with Canada and Mexico — what he wanted all along. Take that Larry.