Yep, they want tariffs. Say US steel producers (producers, not consumers) can sell steel to companies that make products which need steel (like appliances and cars), for $100 a ton. Companies in Asia may have lower costs, and can sell the same steel for $50 a ton.
But if the companies in Asia are hit by a $75 per ton tariff, they can't make a profit. So the US producers - both owners and workers - win. And consumers pay more.
I forgot about the part where people working at steel CONSUMING business lose their jobs.
reply
Fascinating. Thank you!
reply
Thanks for the zap! BTW can anyone explain why on some zaps I earn what seems like 90%, but on others, it appears to be 25%? Is that written up somewhere?
reply