Whirlpool recently lobbied to get Tariffs on Washing Machines ( and was succesfull ) Now will lose any advantage they received in those tariffs to the higher cost of the steel and aluminium caused by these new tariffs.
seems like the only winners are those that own large existing Steel dominated infrastructure.
and the losers are the US consumer but then that is what you get from government intervention.
Sounds like we could pick up 1000 steel workers jobs at best
and lose 25,000 more manufacturing jobs.
dose anybody think this will end with a positive outcome ?
Very few will argue that tariffs are a good idea. Let's hope they are short lived.
Economic news is still largely upbeat.
admittedly these guys are kinda bomb throwers and see catastrophe around every corner but are huge supporters of the current administration.
but we shall see how it plays out in say 6 months
Quite a few countries in Europe have the 25% VAT tax on a lot of things they import from us. Have had for a long time now. Whereas Asian countries either block or limit imports from the US. I'm thinking that this tariff deal will only last until the other countries relax their taxes and restrictions. But in the mean time, it may be a little tough.
I doubt we will even notice. China dumps steel globally and they sell very little to the US compared to exempted Canada.
And, in turn, Canada sells it to the U.S.???? A damn shell game--Trump is good at those and once again the American people have been duped by him.
Maybe, maybe not. Who knows. Neither of us do. Even if your theory is correct, our price doesn't change and those washing machines still get built at the same price.
You have just described a version of a shell game.
The American people are led to believe that we are "sticking it to them" (particularly to China) when we impose tariffs on steel. Nobody got "stuck" with the Trump tariffs but the American people with higher costs of products related to steel. And China doesn't have to pay any tariffs to the U.S.
I am disappointed you hadn't figured that out---unless you are a Trump sycophant thus blind or incapable.