pull down to refresh

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.
write
preview
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?
reply
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.
reply
26 sats \ 0 replies \ @Bell_curve 19 Apr
Exactly
reply
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
reply
10 sats \ 1 reply \ @TomK OP 19 Apr
So let's kill free trade to fight inflation
reply
21 sats \ 0 replies \ @Bell_curve 19 Apr
Since tariffs make everything cheaper lol
reply