Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Less government tinkering in free markets is the only answer. Be skeptical of any POTUS who claims ownership over the price of goods, or the creation of jobs.
Less government tinkering in free markets is the only answer. Be skeptical of any POTUS who claims ownership over the price of goods, or the creation of jobs.
Appropriate tinkering is not a bad thing. This is like the difference between drinking water, and inhaling it up your nose.
But....we have to find a solution to outside trade partners not trading in good faith. And thats been a issue with China. But the steel and aluminum tariffs had very little to do with China, they impacted a ton of other countries far more. So this was pure protectionism for no good result, or goal.
The US does ~60% domestically meaning 40% must come from somewhere else. Maybe we will get more electric furnaces for scrap but I rather doubt anyone is making any new blast furnaces.
Our steel is up ~25%.
The stainless guys are getting reamed. Some have stopped bidding out past 30 days.
Similar happened in appliances.
When foreign laundry makers got hit with that tariff, WHIRLPOOL who makes their laundry products in the US raised their prices.
The US does ~60% domestically meaning 40% must come from somewhere else. Maybe we will get more electric furnaces for scrap but I rather doubt anyone is making any new blast furnaces.
Our steel is up ~25%.
The stainless guys are getting reamed. Some have stopped bidding out past 30 days.
Similar happened in appliances.
When foreign laundry makers got hit with that tariff, WHIRLPOOL who makes their laundry products in the US raised their prices.
You should see what's happening with reinforcing steel..................
Funny, When Obama was in office the go to phrase from the Left was. "I don't mind paying higher prices for American made products, it's the right thing to do" when talking about Walmart buying bulk Chinese made products that puts smaller mom and pop stores out of business. Now they want the cheapest of everything imported from foreign countries (China) and LOVE Amazon who does more damage to small local stores than anything else. Very, very bizarre people indeed.
"The central bank’s Beige Book, a collection of anecdotal reports from businesses, said there were “widespread reports” in March and early April “that steel prices rose, sometimes dramatically, due to the new tariff.” "
Yawn...
I always chuckle when conservatives applaud more taxes and less freedom.
Funny, When Obama was in office the go to phrase from the Left was. "I don't mind paying higher prices for American made products, it's the right thing to do" when talking about Walmart buying bulk Chinese made products that puts smaller mom and pop stores out of business. Now they want the cheapest of everything imported from foreign countries (China) and LOVE Amazon who does more damage to small local stores than anything else. Very, very bizarre people indeed.
I suppose the inverse is also true then. Conservatives were adamantly opposed to tariffs as it impeded the free markets. Now, Conservatives are all for tariffs. Very, very bizarre people indeed.
I suppose the inverse is also true then. Conservatives were adamantly opposed to tariffs as it impeded the free markets. Now, Conservatives are all for tariffs. Very, very bizarre people indeed.
And massive spending, and budget busting deficits, and humongous national debt, etc., etc.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
