Yes, tariffs are taxes, and the steel and aluminum tariffs will raise prices for consumers and cost jobs in domestic industries that use those metals.
Yes, we all know that. And we also ALL know that these industries must remain strong because the potential for them to be needed QUICKLY in time of war is always there.
“Yes, tariffs are taxes, and the steel and aluminum tariffs will raise prices for consumers and cost jobs in domestic industries that use those metals”
And Trump will never be elected, Jobs will never come back to America, 2% GDP is the new normal. Time will tell about tariffs, nothing is in place, Trump has just shot off the first Salvo.
Wrong. It will save jobs that are threatened to be lost now, as well as, saving necessary industries for this country to remain. The cost to consumers will be offset by the handouts needed for those lost jobs. Just like Reagan did for Harley Davidson & semi-condictors. In 1977 and again in 1979 President Jimmy Carter’s administration established minimum prices at which foreign-produced steel could be sold. In 1984, when it seemed as if the whole steel industry was on the brink of extinction the Reagan administration tightened America’s trade policies further by negotiating quotas with foreign countries.
So there are 3 options, tariffs, quotas, or price controls, and Reagan used tariffs & quotas, while Carter employed only price controls.
Cost some jobs yes. But think of jobs created by decent wages for more steel workers plus the quality of the steel.
Our infrastructure has suffered with low quality foreign steel.
I call BS.