"As president, he cut taxes for corporations, encouraged outsourcing, and lost nearly 200,000 manufacturing jobs, including auto jobs," said Democratic presidential nominee Kamala Harris.
I understand that, but being pedantic doesn’t make your points stronger when you handwave the negatives. You also interpret the steel industry as just steel producers but it is also the purchasers who have seen increasing costs due to tariffs.
Us steel has made a smaller portion of worldwide supply, while costing more for usa purchasers. However, even with the tariffs, some Costa are down due to less demand, from a cooling economy, which tariffs are partly to blame for.
Tariffs dont give businesses the opportunity to invest in new infrastructure. They actively make it less necessary for them to do so. They reduce the need to invest in efficiency.
I understand that, but being pedantic doesn’t make your points stronger when you handwave the negatives. You also interpret the steel industry as just steel producers but it is also the purchasers who have seen increasing costs due to tariffs.
Us steel has made a smaller portion of worldwide supply, while costing more for usa purchasers. However, even with the tariffs, some Costa are down due to less demand, from a cooling economy, which tariffs are partly to blame for.
Tariffs dont give businesses the opportunity to invest in new infrastructure. They actively make it less necessary for them to do so. They reduce the need to invest in efficiency.
https://www.barrons.com/articles/biden-trump-steel-tariffs-c44f4279