ohio Posted August 14, 2018 Report Share Posted August 14, 2018 On one hand, they will help keep American steel workers employed and maybe even add more US jobs; on the other hand, they will increase the price of steel for companies that use steel in their products, thus increasing inflation with the FED possibly increasing interest rates. What do you think? Quote Link to comment Share on other sites More sharing options...
HSFBfan Posted August 14, 2018 Report Share Posted August 14, 2018 11 minutes ago, ohio said: On one hand, they will help keep American steel workers employed and maybe even add more US jobs; on the other hand, they will increase the price of steel for companies that use steel in their products, thus increasing inflation with the FED possibly increasing interest rates. What do you think? Biggest thing is does it increase wages. If so isn't that the biggest positive that can come out of it Quote Link to comment Share on other sites More sharing options...
Bormio Posted August 14, 2018 Report Share Posted August 14, 2018 Tariffs are neither all good or all bad. They run the risk of price increases due to decreased competition, but they can protect large numbers of jobs. Ironically one of the huge complaints the South had in the 1800s was the Northern tariff, while the South wanted to export cotton. Free trade has not been a boon for the US in the last 30 years - costing jobs and lowering wages. Americans’ purchasing power has dropped despite most families having 2, not 1, breadwinner. The problem is other countries do not have open markets, but do have cheap labor. Tariffs do not have to be forever - they can be designed to correct long-term unfairness. The issue is that current policy has been a substantial failure. 1 Quote Link to comment Share on other sites More sharing options...
dan in daytona Posted August 15, 2018 Report Share Posted August 15, 2018 4 hours ago, Bormio said: Tariffs are neither all good or all bad. Free trade has not been a boon for the US in the last 30 years - costing jobs and lowering wages. ...it has kept prices of consumer products under control for 30+ years and made Walmart what it is today. It also raised wages around the world to the detriment of middle class America's standard of living. Always been a bedrock blue collar initiative (tariffs) of the Democratic Party......until Trump does a Republican 180.....crickets, crickets (No Balls GOP). Quote Link to comment Share on other sites More sharing options...
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