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> Tariffs on X generally help domestic X producers and hurt domestic X consumers They also hurt businesses that consume X. Steel tariffs hurt automakers, for e
by forapurpose 9y ago
> Tariffs on X generally help domestic X producers and hurt domestic X consumers
They also hurt businesses that consume X. Steel tariffs hurt automakers, for example, who now must pay more for the metal and deal with supply chain issues.
- tzs 9y ago> Steel tariffs hurt automakers, for example, who now must pay more for the metal and deal with supply chain issues. Many US automakers have factories in Mexico as well as in the US, and some models for the US market are built in those Mexican factories. Question: will steel tariffs in the US encourage these automakers to shift more production to Mexico?
- debacle 9y agoThe potential changes to NAFTA make that a hard question to answer.