461
Canada, Mexico steelmakers refuse new U.S. orders
(financialpost.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Jan 2025
461 points (100.0% liked)
World News
32865 readers
470 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
Nooooooooo. You got it all wrong! (seriously)
The ruling class wants the tariffs because tariffs artificially increase the price of their competitors' products! The entire point is to literally block people from getting a better deal outside of the US, so those same people can get screwed over domestically.
Tariffs are not good for the working class.
They only exist to protect the profits of the rulers.
I don't doubt what you're saying.
This all assumes that businesses and consumers can absorb the bump in prices due to the lack of a better deal. There are going to be plenty of construction contracts that Just Won't Happen because they won't be able to get the building materials they need to actually build something for a price that someone is willing to pay. That's the kind of thing that can wreck a bottom line.