Or, more likely, it'll cause our allies to get even more pissed off at us and the EU to issue targeted sanctions.
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Softwood, now this. Never thought that I would be part of a rising Canadian campaign to boycott made in America. But here we are. The nice guy gloves are off
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This country was built on American steel. Why not again? Areas in our country that have deteriorated have included steel towns. Why would you not want Americans employed? We have the capacity to produce any off set from overseas.
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Because we aren't the low cost supplier. We can buy it cheaper from abroad and those benefits accrue to more people throughout the economy. It's comparative advantage! We should do those things that we have a comparative advantage in...
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Before the tax reform, you guys gave the money to the government directly through the IRS. Now you will do the same, but through the steel foreign companies that operate in the US.
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This will only make the products we buy more expensive if companies choose to use US steel or when China retaliates. This will cost more jobs than it produces.
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Higher prices will also reduce the amount of Chromium that is being dumped by the Trump/Pence Administers into the drinking water (and food) from steel production.
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So divide the increased cost by the number of jobs we are going to "save" to figure out what the real cost of those jobs are. It'll be astronomical. Consumers lose in this situation; it's a great example of concentrated benefits versus diffuse costs.
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It is very good news for the world
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Or it’ll make US goods uncompetitive in a global market
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