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What this amounts to is an income transfer from any US consumer who buys products with steel in it to the US steel industry. If what they say is true, we should buy all of our steel from them and ultimately drive them out of business while at the same time selling to US consumers at lower prices.

While that's not going to happen because of the way it works in China, protectionism lets our domestic steel industry loaf along with outdated manufacturing processes. The same argument was made with Japanese steel back in the 1960's. Japan replaced their plants because we bombed them into dust during WWII. They replaced them new technology while the US limped along with 1890's furnaces. Maybe it's time for the US to get competitive again and for the steel unions to start asking for realistic wages given foreign competition instead of US consumers being asked to subsidize an inefficient industry.

What should piss you off even more is: Guess who keeps the tariff and import taxe revenues, but did absolutely nothing to earn them, yet you pay higher prices?

The tariff should occur with a subsequent reduction in income tax.

Businesses and individuals had no income taxes to pay for 120 years, so they could sell like crazy with no penalty, but they paid a penalty when buying foreign-made goods.

You don't think moving back to no income taxes is a good idea, EconJack?