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Tariffs Are So Stupid
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12-20-2023, 06:18 AM
(This post was last modified: 12-20-2023, 06:21 AM by The Real Marty. Edited 1 time in total.)
Exactly what I said would happen with this protectionism. All we've accomplished is to raise prices for consumers, protect labor unions, and line the pockets of the owners of the corporation. And now, as a result of this politically created asset (a tariff-protected industry), US Steel is being sold to Nippon Steel.
?https://www.wsj.com/articles/u-s-steel-n...opin_pos_1 "President Trump in 2018 slapped 25% tariffs on foreign steel under the pretense of protecting national security. Domestic steel producers lobbied for the tariffs, which they said would protect American workers from cheap foreign imports. Yet U.S. Steel’s workforce had shrunk to 22,740 at the end of 2022 from 29,000 in 2018. "The evidence shows that the tariffs have resulted in fewer downstream manufacturing jobs and raised prices for consumers, all while padding the bottom line of domestic steel makers." We show less advertisements to registered users. Accounts are free; join today! |
| Messages In This Thread |
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Tariffs Are So Stupid - by The Real Marty - 12-20-2023, 06:18 AM
RE: Tariffs Are So Stupid - by homebiscuit - 12-20-2023, 07:19 AM
RE: Tariffs Are So Stupid - by The Real Marty - 12-20-2023, 07:24 AM
RE: Tariffs Are So Stupid - by jj82284 - 12-24-2023, 04:03 PM
RE: Tariffs Are So Stupid - by mikesez - 12-20-2023, 09:31 AM
RE: Tariffs Are So Stupid - by homebiscuit - 12-20-2023, 10:04 AM
RE: Tariffs Are So Stupid - by WingerDinger - 12-20-2023, 11:32 AM
RE: Tariffs Are So Stupid - by EricC85 - 12-20-2023, 06:47 PM
Tariffs Are So Stupid - by p_rushing - 12-24-2023, 04:54 PM
RE: copycat - by flsprtsgod - 12-26-2023, 10:08 AM
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