“You can’t focus just on the steel and aluminum industries going into an election.”
Ah but the tariffs will probably not just be limited to steel and aluminum. To effect the trade imbalance Trump will likely cast a much wider net. Now is probably a good time to buy whatever you think you will ever need and store them along with the survival gear in the bunker underneath the trailer.
Yeah but a KEY idea to understand here is that, yes, we can potentially win trade wars with countries where we have a big trade deficit, but the job losses from retaliatory tariffs happen immediately through lost revenue, while the job gains can take years as companies build confidence in the market and increase capex. A trade war could be a good long-term economic strategy in some cases, but it could be disastrous election strategy going into November. Winning a trade war is not a simple task...the timing of events is tricky and we have to watch out for fallout in the next elections.