There’s a lot of fuss right now about President Trump imposing tariffs on steel and aluminum imports. Critics fret about a trade war. Others worry there will be disruptions to global markets.
Realistically, the president had no choice but to stand up for America’s steel and aluminum producers. It’s simply a necessary step at a time when America’s industrial base is in worrying decline.
More @ The Hill
Considering most Euro metals along with certain manufacturing firms (Airbus, cough-cough) are heavily subsidized by their parent nations and thus are able to undercut US concerns, the only way to remain competitive is to offset the undercutting by tariffs.
ReplyDeleteGo Trump. America equal, at least. America first, at best.
Go Trump. America equal, at least. America first, at best.
DeleteIndeed.
Here is an excellent article on the global steel trade.
Deletehttps://wolfstreet.com/2018/06/01/who-dominates-the-steel-trade-that-trump-just-hit-with-tariffs/
Thanks.https://freenorthcarolina.blogspot.com/2018/06/who-dominates-global-steel-production.html
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