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”
Is this another side of the same coin?
http://freerepublic.com/focus/news/3636914/posts?page=13#13
So if the price of the steel in a car went up the whole 25%, which it won’t, and the price of aluminum went up the entire 10%, the cost would go up by about $240, or less than five tenths of a percent. The cost of a truck would go up around $340. According to Edmunds, the average car loan today is six and a half years. or 78 months, so the average payment would be up around $3 per month.