Tariffs did not drive up the cost of steel made on America
Only imported steel cost more
What I see is that the way we produce steel needs to be more efficient whether we have tariffs or not
Now think real hard. I know that will hurt, but try.
You are a car maker, let's say. You need steel to make your car.
You can buy steel from China for $450 a metric ton. Or you can buy steel from America, which has higher labor costs, for $600 per metric ton.
Of course, you will buy China's steel and you will be able to make and sell your cars for less.
But then some far left dumb **** is elected and he inflicts a 35% tariff on Chinese steel.
As the importer of the steel, YOU pay the tariff. Not China, as the dumb **** tells the rube herd who are stupid enough to bleev him.
So now steel costs you $600 no matter whether you buy it from China or the US.
Now your productions costs go up, and so does the price of your cars.
All caught up now?