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surfered

(8,219 posts) Tue Jul 22, 2025, 07:16 PM Jul 22

Domestic steel producers raise their prices after Trump imposed a 50% tariff on imported steel

This will increase the cost of everything from cars to military tanks.

American-made steel is the most expensive in the world, and some analysts say domestic producers have gained a tight grip on American trade policy that allows them to charge more.

“It’s just pure protectionism and cronyism,” said Scott Lincicome, a vice president for trade policy at the Cato Institute.

https://www.nytimes.com/2025/07/22/business/steel-prices-tariffs.html

3 replies

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Domestic steel producers raise their prices after Trump imposed a 50% tariff on imported steel (Original Post) surfered Jul 22 OP

Welp, who could have predicted the absolutely predictable opportunistic capitalist reaction? biophile Jul 22 #1

Sounds like opportunistic inflation, not due to any supply price pressures. Call it a secondary tariff tax. Norrrm Jul 22 #2

Stupidest piece of shit on earth does more destruction to our economy and average Americans in one day Eliot Rosewater Jul 22 #3

biophile

(849 posts)

1. Welp, who could have predicted the absolutely predictable opportunistic capitalist reaction?

Reply to surfered (Original post)

Tue Jul 22, 2025, 07:19 PM

Jul 22

Norrrm

(2,557 posts)

2. Sounds like opportunistic inflation, not due to any supply price pressures. Call it a secondary tariff tax.

Reply to surfered (Original post)

Tue Jul 22, 2025, 07:24 PM

Jul 22

Eliot Rosewater

(33,285 posts)

3. Stupidest piece of shit on earth does more destruction to our economy and average Americans in one day

Reply to surfered (Original post)

Tue Jul 22, 2025, 07:51 PM

Jul 22

Then most people could do in a lifetime.

Does overwhelming harm to everyone and yet is still adored by millions sounds like a broken system to me.

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