Apples and oranges?
From Two years ago:
Link to article not behind paywall
http://www.aei.org/publication/imposing-266-tariffs-on-chinese-steel-imports-will-punish-us-manufacturers-and-consumers-not-china/
https://twitter.com/TheLastRefuge2/status/969524448209620992
TheLastRefuge
“That’s funny (and hypocritical), the EU didn’t seem concerned with American opinion when they applied their own tariffs on Chinese Steel and Aluminum last year. “
This tarriff crap with Steel and Aluminium is BOGUS. Look at the numbers. US made Steel controls 70% of the US market.They have to have it all? China is 11th on the import steel list in terms of quantity. US made steel has made huge profits starting in 2016 with the auto sale boom in the USA.
The down side is that these tariffs will cost thousands of jobs at Anhauser Bush and in US steel manufacturing. For every single steel worker in the US, there are 45 US jobs dependent on that steel. You upset that ratio cart on the narrow 30% import market, and it will cost the USA thousands of manufacturing jobs.
Marl Levin covers these facts with a great deal of accuracy.
Meanwhile Mexico and China are reducing import tariffs so that they will get the benefit of trade from nations such as Canada, who will no longer trade with the USA because of US protectionism.We lose international competitiveness and access to foreign markets.The result will be that countries like Australia and canada will trade with China and Mexico, and diminish their US trade.
WE DO NOT NEED THESE TARIFFS.
See here:
” ‘Mr. President, you’re not protecting anyone!’ – Mark Levin explains why Trump is WRONG on Trade and tariffs”