$1,000 isn’t crumbs. How insulting. But $700 is no big deal. You see, it’s the extra $300 that makes all the difference.https://twitter.com/carlquintanilla/status/969596773529464833 …
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Yes, but by making that argument, isn't he effectively admitting the tariff won't actually help US steel makers? Because in theory, there would be no price increases if companies started using (now) cheaper American steel...right?
It’s the opposite. If he’s right that demand won’t be affected (he’s not, but if he is) then can makers and carmakers and others will buy as much steel/aluminum, but more will be American since foreign metal will be pricier than it is now.
Ahh ok, I see now. I was thinking in terms of 100% of materials coming from one source or another. Ugh, I knew tariffs were bad because they rarely work, but I don't think I realized they're bad *even when they work as planned.*
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