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The Water Cooler
General Discussion
Tariffs: Saving American Jobs Since...Wait, What?
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<blockquote data-quote="Hobbes" data-source="post: 3127872" data-attributes="member: 3371"><p>Would it shock you to learn that after the tariffs were imposed on imported steel, domestic steel manufacturers were emboldened to raise prices on US steel products as well.</p><p><a href="https://www.foxbusiness.com/markets/steel-price-increase-after-tariff-announcement-isnt-gouging-supplier-says" target="_blank">https://www.foxbusiness.com/markets/steel-price-increase-after-tariff-announcement-isnt-gouging-supplier-says</a></p><p></p><p>The net result is that consumers pay more for products containing steel and aluminum, and US exports become less competitive abroad because they now cost more to produce than competitive products made in other countries.</p><p>You're going to see a spike in inflation that will force the fed to raise interest rates faster than they had planned and it will be a drag on the economy.</p><p>That's why the market is sideways since the tariffs were announced.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 3127872, member: 3371"] Would it shock you to learn that after the tariffs were imposed on imported steel, domestic steel manufacturers were emboldened to raise prices on US steel products as well. [URL]https://www.foxbusiness.com/markets/steel-price-increase-after-tariff-announcement-isnt-gouging-supplier-says[/URL] The net result is that consumers pay more for products containing steel and aluminum, and US exports become less competitive abroad because they now cost more to produce than competitive products made in other countries. You're going to see a spike in inflation that will force the fed to raise interest rates faster than they had planned and it will be a drag on the economy. That's why the market is sideways since the tariffs were announced. [/QUOTE]
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