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But he is going about it completely wrong. Imposing tarriffs on things we need to produce when we cannot meet our own demand, and won't ever again only lets ot

But he is going about it completely wrong. Imposing tarriffs on things we need to produce when we cannot meet our own demand, and won't ever again only lets other countries impose tarriffs on things we NEED to sell. Take steel for example: https://www.statista.com/statistics/268683/us-steel-demand-since-2008/ https://www.statista.com/statistics/268683/us-steel-demand-s... In 2017 the US needed 100M metric tons of steel as raw material. We only produced 23M tons. Where is that difference coming from? Purchasing it from other countries. We just don't have the production to make what we need, so why on earth would anyone force the price of that upwards? So now the cost of everything goes UP 25% or more due to tarriffs, and we no longer can sell our exports of soybeans or whatever because they're now 25% more expensive overseas. Explain how that makes "America Great Again."

acct1771 8y ago
Because the seller still needs to sell it. And their reduced cost of goods sold compared to USA is low enough to sustain a decrease in margin. How much, I don't know. Devil's advocate: who else will actually buy that steel?
bluGill 8y ago
It is the long game. The US is paying more, but we are also looking elsewhere for steel. Thus it hurts China as well. This puts pressure on China to change. It is a long game played by those willing to take short term hurt for a long term wins. I don't agree with this strategy, but it does have some sense in its own way.