Stable Genius Once Again Picking Winners and Losers

Doesn’t change the basic fact of where imports for the whole country come from.

 

I did not say it did. I said "I hate Chinese steel." This tariff will hopefully force the suppliers to carry U.S. Steel. Honestly, I don't mind paying more for it.
Chinese steel welds terrible. It pops and builds a up huge slag line that has to be chipped off. Burn through constantly on dog spots. U.S. Steel welds like butter. Smooth, no splatter, and the slag usually draws Its self away from the weld in a ribbon. You can blow it off with compressed air if it doesn't.

 

Just beware of unintended consequences for the economy as a whole. Also, rising prices are terrible for folks on fixed incomes, many of whom voted for Donald Trump.

 

Gladly pay 25% more for it. I can't find a U.S. supplier.

 

Manufacturing is essential to long term economic health. In the long term, an industrial economy is more profitable than a consumer economy.

 

It was artificially high. Overdue correction.

 

This is 2017, not 1917, or even 1987.

 

Trump promised it in his campaign. Why is everyone upset about keeping a campaign promise?

 

I agree that the cause was the tariff. I am saying it wascoverdue a correction. Something would have triggered it; may as well have been the tariff.

 

Yep, and that's why China is on track to surpass our economy. They still act like its 1917.

 

Because it is bad economics. There are several times more people working in steel consuming jobs than in steel producing jobs. This is not the 1950s and 1960s when the rest of the industrialized world was still recovering from being bombed to rubble in World War II.

 

Consumers, who will eventually have no buying power if you continually run massive trade deficits.
An industrial economy manufactures more than it consumes. A consumer economy consumes more than it manufactures. Last time I checked, we are consumer because we run a massive trade deficit.