My reading and living of history makes me think tariffs are a very bad thing. In the past they have caused world wide down turn in trade which causes a downturn in living standards.
These down turns can be/may have been some of the causes for wars to break out. Certainly the restraint of trade of Japan was a stated reason for the attack on Hawaii and Japan joining the Axis countries.
It has been stated that China in particular has been dumping steel into the U. S. market. Dumping by the Chinese government means subsidizing their steel industry through direct payments to the producers of steel in China.
So is it possible this is an opening negotiating move by President Trump???? Perhaps but I certainly don't read the future.
In the mean time if this tariff goes into effect we as consumers will will pay for more goods both for the higher costs of steel and the reduction in available goods.
Take a picture folks this could be history in the making. 73, Mike
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