(03-05-2018 03:53 PM)ODU BLUE Wrote:  

(03-05-2018 03:47 PM)Brookes Owl Wrote:  

(03-05-2018 03:34 PM)MemTigers1998 Wrote:  Have a family friend who is a steel salesman. Talked to him this weekend and he's on cloud 9. People calling him ordering truckloads that wont even be produced until April at the earliest. He voted for Trump (as did about 99% of the people I associate with) and couldn't be happier with his choice

Terrific. He and his quarter million colleagues in the steel production business should be in fine shape. For a while anyway. In the mean time, how many of the 6.5 million employed by steel consuming industries in the US are going to be hurt? How many consumers are going to have to pay increased prices for goods that use steel? Maybe this ends up being a negotiating tactic for NAFTA (we can only hope), but otherwise: Tariffs on imported steel will hurt the American economy.

That bogus. just more steel made here. The products will be produced by the same US workers. Your 6 pack will cost 6 cents more. Your average auto will cost $100-$200 more, that's 1/3 of one monthly car payment.

LOL. You forgot the prices for inputs into the inputs for our auto assembly plants too. So lets just raise input prices on American autos by 5% while reducing them for non-American ones by a similar amount. Remember that there is OVER capacity in foreign steel manufacturing and that steel will compete outside the USA, on price.

And with some batshit crazy, unpredictable, and utterly untrustworthy loon playing pinball with US economic policy, I'm not seeing a whole lot of interest in foreign companies, which have the most technology and access to capital in steel, investing significant amounts into US steel manufacturing right now. Those tariffs are going to get wiped away as soon as some adult gets in control. And everyone knows it. So no, there's not going to be any sane company overseas saying "Hey lets make a 10 year 200 million dollar investment in US steel manufacturing". They're just going to raise prices in the US, and lower them outside the US. And wait it out.