5 sats \ 6 replies \ @Bell_curve 19 Apr \ parent \ on: Biden to Triple Tariffs on Steel and Aluminum Imports from China econ
Imports of steel from China account for only about 0.6% of total U.S. steel demand, according to a senior Biden administration official. As a result, the White House does not believe raising the steel tariffs risks further increasing inflation, which has remained high despite recent economic gains.
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31 sats \ 3 replies \ @alt 19 Apr
If Chinese steel imports are such a small proportion of US steel demand, then how can the lower priced Chinese steel be having such a negative effect on US steel production?
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36 sats \ 0 replies \ @Satosora 19 Apr
right. they are making the numbers smaller to cause less alarm. Our steel is probably all coming from china.
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26 sats \ 0 replies \ @Bell_curve 19 Apr
Exactly
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5 sats \ 0 replies \ @Bell_curve 19 Apr
Biden is posturing and pandering
He has to pretend to care about steel and aluminum workers and union members to win Pennsylvania and Michigan
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10 sats \ 1 reply \ @TomK OP 19 Apr
So let's kill free trade to fight inflation
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21 sats \ 0 replies \ @Bell_curve 19 Apr
Since tariffs make everything cheaper lol
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