Hi Dopey Trump has been tweeting that the tariffs will be...

  1. Osi
    6,903 Posts.
    lightbulb Created with Sketch.  11
    Hi Dopey

    Trump has been tweeting that the tariffs will be broadly applied. Allies don't get special treatment.

    I do get it that the EU and Chinese trade barriers have been ridiculously high in many sectors and so I do understand where team Trump is coming from. US tariffs will however hurt the US economy in the first instance. Tariffs are clearly not the answer.

    The US does not need a major steel industry. Mexico, Canada and Brazil can if required ramp up to supply US demand. I don't know how China even got into the discussion of US Steel. Secondly I'm not sure how labour intensive a modern steel industry is. My guess is that any new mill would be largely automated.

    Assuming this policy is a distraction to win the red neck vote in 20-20 it will be a very expensive distraction. A amongst other things it will increase the cost of production of US cars, ships, and heavy machinery and building materials.

    cheers
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.