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U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans
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(03-12-2018, 01:21 PM)wrong_box Wrote: Raising the price of imported steel by tariffs is the way I read it which is why US Steel is firing up idle steel plants, which means more steel being produced in the US and more jobs...If the tariffs make the price of imported steel comparable to US produced steel more US contractors will buy the US produced steel and possibly more exports of US steel to other nationsBased on your scenario above, the US consumer gets screwed. If we're simply raising the price of imported goods via tariffs so they are higher than our domestic cost to produce similar goods, than we're simply raising the price to the US consumer. |
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