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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.
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Fascinating. Thank you!
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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?
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