President Trump imposed a 25 percent ad valorem tariff on steel. When questioned whether the tariffs were permanent, President Trump’s Senior Counselor for Trade and Manufacturing, Peter Navarro, responded that the tariffs are “permanent because the problem is permanent.”
Navarro is right. America’s steel industry has been brutalized for 50 years by unfair trade with the Third World.
...not to mention that Chinese steel is junk. Japanese steel used to be junk, but it has come a long way.
ReplyDeleteJapanese knife steels particularly D2, CPM-S35VN and others are very good, equal to most anything made here or in Europe. There's still nothing like 1095 properly quenched and tempered though.
Nemo
We have to protect major manufacturing and build stuff again... Service industry just doesn't cut it, especially retail and dining....
ReplyDeleteJD
It’s odd how tariffs are somehow good for every other country but the United States…
ReplyDelete