(03-12-2018, 03:12 PM)HURRICANE!!! Wrote:

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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 nations

Based 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.

and just how might that be? If it costs about the same to make and sell US steel than it does to buy imported steel, most american companies would buy American steel...If american steel companies thought for one second that this was bad, they wouldn't bother to restart their foundries and start producing more steel...If you are referring to the consumer getting screwed because the price of imported steel would now be on par with the price of US steel,I don't see that...I see a trade imbalance that has gone on for years, which has been created by cheaper products made by incredibly low wage earners including children making a couple bucks a day and also a lesser quality (but mostly adequate) product...If contractors can buy a better product for a comparable price, they will and then more American steel will be sold,which adds jobs and revenue which is never a bad thing...You have a better solution to equalizing the trade imbalance?

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