nat4900
Diamond Member
- Mar 3, 2015
- 42,021
- 5,965
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- #1
The initial "rejoicing" by some Trump supporters regarding the imposition of tariffs on steel and aluminum imports, will (unfortunately) soon wear off.
Why???
Actually rather simple, the planned "tax" on imports will never match the lower costs of production in other countries such as Mexico, Canada, China, etc.......BUT, what that tax will certainly do, is raise the cost for all of us (including the domestic steel and aluminum workers') on cars, soda cans, airplane manufacturing, housing, etc.
Plus, the tariffs will surely trigger trade wars on some of our own exports as importers of our products will retaliate by making such products' prices (through their own tariffs) prohibitive for foreign buyers.
So, the "simple solutions" offered by Trump are just another example of his bravado to incite his dwindling base....but, like most things that Trump proposes the cheering and rejoicing will be short-lived even if such proposals were ever to materialize.
Why???
Actually rather simple, the planned "tax" on imports will never match the lower costs of production in other countries such as Mexico, Canada, China, etc.......BUT, what that tax will certainly do, is raise the cost for all of us (including the domestic steel and aluminum workers') on cars, soda cans, airplane manufacturing, housing, etc.
Plus, the tariffs will surely trigger trade wars on some of our own exports as importers of our products will retaliate by making such products' prices (through their own tariffs) prohibitive for foreign buyers.
So, the "simple solutions" offered by Trump are just another example of his bravado to incite his dwindling base....but, like most things that Trump proposes the cheering and rejoicing will be short-lived even if such proposals were ever to materialize.