President Trump just announced to steelworkers in a rally that he's doubling tariffs on all foreign steel imports, increasing the rate from 25% to 50%

Biden blocked the Nippon deal.

abcnews.go.com

Biden blocks US Steel takeover by Japan-based Nippon

Domestic steel production is essential to U.S. security, Biden said.
abcnews.go.com abcnews.go.com

Biden put questionable "climate change" ahead of US steel and steelworkers.

www.newsweek.com

Biden's bold move on US Steel has big climate impacts

President Joe Biden's decision to block Nippon Steel's takeover of U.S. Steel cheered environmental advocates who said Nippon's deal was bad for the climate.
www.newsweek.com www.newsweek.com

www.alleghenyfront.org

How could blocking Nippon Steel's bid to buy U.S. Steel impact the region’s air quality?

President Biden blocked Nippon Steel's bid to buy U.S. Steel, the region's largest source of air pollution. What might that mean for air quality?
www.alleghenyfront.org www.alleghenyfront.org

Offshoring pollution doesn't get rid of it. It simply changes where it occurs. Biden and his Leftist Minions of Ignorance can't figure that out.

Then there's this nonsense Biden backed regarding steel

insideclimatenews.org

Biden Administration Backs Plastic as Coal Replacement to Make Steel. One Critic Asks: ‘Have They Lost Their Minds?’ - Inside Climate News

After a Pennsylvania business scored $182.6 million in loan guarantees with promises the project would fight climate change, environmentalists called on Energy Secretary Jennifer Granholm to change course.
insideclimatenews.org insideclimatenews.org
 
Nordberg said:
Yeah, that was today. TACO will change his alleged mind. It may require another golf complex. I read he has been offered 21 of them so far.
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It will be very inflationary, and this constant changing of the rules promotes totally avoiding America for either production or sales.

The world has been moving towards cutting America out and leaving us behind....without understanding it Trump is encouraging this.
 
Hawkeye10 said:
It will be very inflationary, and this constant changing of the rules promotes totally avoiding America for either production or sales.

The world has been moving towards cutting America out and leaving us behind....without understanding it Trump is encouraging this.
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And the price of everything made of steel will go up.
Not sure how much steel is per ton but you can bet if it was say 1000 dollars a ton and new imports of steel will now be 1200 a ton price of US steel will go up just under that so they are a little cheaper and gets the sales and the profits of US steel will go up, screwing the US consumer.
 
Tbird19482 said:
And the price of everything made of steel will go up.
Not sure how much steel is per ton but you can bet if it was say 1000 dollars a ton and new imports of steel will now be 1200 a ton price of US steel will go up just under that so they are a little cheaper and gets the sales and the profits of US steel will go up, screwing the US consumer.
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The price of American made goes up as the price of imported goes up, even as American household balance sheets have been deteriorating ever since the COVID handouts stopped.

But then again I have been warning for several years that the decline in American standard of living continues to get worse as far as the eyes can see.

Trump is making it all worse, thinking that in the end it will all work out...the economists I listen to say that it wont, and they say that Trump does not understand tariffs.
 
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Hawkeye10 said:
The price of American made goes up as the price of imported goes up, even as American household balance sheets have been deteriorating ever since the COVID handouts stopped.

But then again I have been warning for several years that the decline in American standard of living continues to get worse as far as the eyes can see.

Trump is making it all worse, thinking that in the end it will all work out...the economists I listen to say that it wont, and they say that Trump does not understand tariffs.
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Well as of today the price of 25 lbs of sugar has gone up about 5 dollars , and isn't most of our sugar grown here?
 
Tbird19482 said:
Well as of today the price of 25 lbs of sugar has gone up about 5 dollars , and isn't most of our sugar grown here?
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Yes......but we also import a lot even though our sugar tariffs have been very high for decades.....with sugar I think based upon two minutes on Google the main thing is that global production last year was below consumption, a lot of the reserve supply got used.
 
Hawkeye10 said:
Yes......but we also import a lot even though our sugar tariffs have been very high for decades.....with sugar I think based upon two minutes on Google the main thing is that global production last year was below consumption, a lot of the reserve supply got used.
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That could very well be, I am just saying my girl friend bakes a lot so she uses a lot of sugar and two weeks ago it was about 5 dollars less.
 
Tbird19482 said:
That could very well be, I am just saying my girl friend bakes a lot so she uses a lot of sugar and two weeks ago it was about 5 dollars less.
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Then too this is a dark age.....it can be expected that companies that can raise prices and book it as profit will do so.....prices going up everywhere because of tariffs and supply a demand makes for great cover.
 
Hawkeye10 said:
Then too this is a dark age.....it can be expected that companies that can raise prices and book it as profit will do so.....prices going up everywhere because of tariffs and supply a demand makes for great cover.
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Yep as I have said before Retailers are not only going to pass on the cost of the tariffs but may add an extra percent or two and pad their bottom lines.
 
Tbird19482 said:
Yep as I have said before Retailers are not only going to pass on the cost of the tariffs but may add an extra percent or two and pad their bottom lines.
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Was not always thus.....in better days people had a moral problem with using flaws in the market to skim wealth off the collective....some even thought that they would go to Hell for it.

Now leaving money on the table marks a chump.
 
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