The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
for the quip about steel aluminum, the Steel tariff won’t change much given that it’s just matching the tariff steel got back in 2018 under Trump, the aluminum one though is going from 10>25% reletive to the one in 2018. Neither caused hyper inflation at the time.
there were definitely some industries affected by it, but the inflation due to the tariffs were nothing compared to inflation due to Covid, neither being hyper inflation.
Literally all of that was before we decided to commit multibillions of dollars to a couple Nazi war efforts. These sanctions may be the same percentage, but they’re being implemented in an entirely different economic landscape.
for the quip about steel aluminum, the Steel tariff won’t change much given that it’s just matching the tariff steel got back in 2018 under Trump, the aluminum one though is going from 10>25% reletive to the one in 2018. Neither caused hyper inflation at the time.
The price of PVC pipe spiked really hard under Trump, and hasn’t really recovered fully.
there were definitely some industries affected by it, but the inflation due to the tariffs were nothing compared to inflation due to Covid, neither being hyper inflation.
Literally all of that was before we decided to commit multibillions of dollars to a couple Nazi war efforts. These sanctions may be the same percentage, but they’re being implemented in an entirely different economic landscape.