Stephen Brandon, regarding Trump's tariff on Chinese steel:
Syriusly, if Trump's tariffs are applicable to imported steel but not to imported products containing steel, they're of no benefit to any USA enterprise that purchases steel or steel products produced by steel producers.
In such a case, Trump's tariffs will likely increase prices of steel sold in the USA, increasing costs to any USA enterprises purchasing steel to be used in the USA, while not increasing the prices of other competing imported products containing steel.
Trump's steel tariff would thus be detrimental to any USA enterprise that's a potential customer for a USA steel producer.
What's the point of a tariff on imported steel, if it induces purchasers of USA produced steel, to cease using steel? Those USA enterprises must do something else or go out of business.
If the tariffs are applicable only to Chinese steel, we'll soon be purchasing our steel from some low-wage nation other than China. For the steel tariffs to work in our favor, the tariff should be applicable to all imported products to the extent that they contain steel.
Respectfully, Supposn