Every establishment around here has a help wanted sign up. Companies are buying ads, putting up billboards and hosting job fairs.
But we’re a little spooked about tariffs since this is a big manufacturing area.
I understand that about 2 tons of steel goes into making the average automobile. A ton of steel costs about 700 bucks. That means 1400 in the car is the cost of steel as of last year. If you add 25% to that, it makes the cost of the steel in a car 1750 bucks.
The average car costs about 32k last year. This steel difference will increase the cost from 32,000 to 32,350.
I don’t think the average car buyer would know the difference. Besides, the average car in 2018 is 33k.
Tariffs only help manufacturing areas. When did economic stupidity become the norm around here?
Don’t be spooked. The tariffs have a very positive result.