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Source article points out that tariffs/threats lead to stockpiling of steel, which lead to more capacity coming online given the sales volumes -- but then compa
by awinder 7y ago
Source article points out that tariffs/threats lead to stockpiling of steel, which lead to more capacity coming online given the sales volumes -- but then companies ate from their stockpiles leading to a double-whammy of increased production / decreased demand.
So yes, it's related to global demand -- global demand that went on a primary rollercoaster ride triggered by tariffs. And the news media is rightfully blaming the 1 person (not even party, singular person) for the consequences of their actions. What a sordid state of affairs indeed.