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Bush 2 tried this in 2002 and lifted it in 2003 because the unintended consequences were worse. Obama also tried targeted tariffs, they were lifted. This just a
by cmurf 9y ago
Bush 2 tried this in 2002 and lifted it in 2003 because the unintended consequences were worse. Obama also tried targeted tariffs, they were lifted. This just a way to tax specific vertical industries and reward others, picking and choosing winners. And taxes are ultimately paid by American consumers.
Also, most steel imports come from Canada, Mexico and Brazil, not China.
In a normal administration, this would get lifted when the retaliation begins and it becomes clear the only way to win is not to play. But...