Unless this is very very very selective all it’s going to mean is that whatever that product is if made out of something being subjected to that tax.
It’s going to cost you more.
Plus the country affected will retaliate but putting taxes on stuff we send them and it will cost them more. Usually it hurts our Agri business. Creating inflation and slows down economic development.
It strikes me what Trump is looking at are those thousands of small manufacturers who’ve gone out of business because of the expansion of cheap Chinese imports (of which many were design knock offs) into this country. Remember the Obama quote on manufacturing.
But that was a slow gradual process when it began. Then accelerated by policy. So it should be when as we’re trying to bring small industry back.
Certain key manufacturing and re-manufacturing processes essential to defense should be targeted first and done on a very very limited basis. Because a wholesale approach would wreck our economy.
Idiots think the supply of steel is static. What a bunch of imbeciles. The supply of steel is dynamic. After the tariff the US prices will make more steel, lots more steel. This will push prices back down to new pre tariff levels.