Quote:
Originally Posted by incoming
Let me see....who should I believe. A worldly businessman and his seasoned team of advisors or a snowflake upset with someone's demeanor.  |
Try believing the facts.
The impact of the Trump steel tariffs was a big increase in steel prices by US steel makers. No increase in jobs, because the US steel industry is at near capacity already but can only provide about 75% of what we use.
The impact of the Trump tariffs on Canadian lumber was an increase of $6000 in the cost of the average American single family house. No increase in jobs, because the US lumber industry is at near capacity already but can only provide about 66% of what we use.
The impact of the Trump tariffs on Chinese solar panels was a big price increase to Americans, with a resulting decrease in demand and a decrease in jobs for American installers. Even if we start making more solar panels in this country, the increase in jobs will be minimal because the process is highly automated.
At the risk of repeating myself for the 47th time, Trump's own people said that his tariffs would increase the basic cost of living for Americans by up to 15%. That's for the average worker, not for the fat cats. That fact, and all of the above, have been largely ignored by the tariff hawks here.
P.S. Trump's "seasoned team" of advisers on tariffs are considered the real snowflakes by real world experts on both sides of the aisle. They are the reason that real "seasoned experts" like former Goldman president Gary Cohn keep bailing out of this administration.
