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re: Car prices set to sky rocket after 25% tariff on Steel and 10% on Aluminium
Posted on 3/2/18 at 1:03 pm to the LSUSaint
Posted on 3/2/18 at 1:03 pm to the LSUSaint
quote:That extra money means we have less to spend elsewhere, and our purchasing power will decrease as well. So even that extra money, which goes to a very tiny portion of the United States, is worth less because of that policy, along with the 13.5 trillion dollars of US money supply and our nearly 20 trillion dollar GDP
Would that extra money, birthed and spent in America, more than make up for the lost trade?
Answer: easily
So we're going to increase costs to support a 130 billion dollar market (0.7% of GDP) with 140,000 jobs (0.1% of full time employees) that AT MOST can gain 34% compared to its current market share.
So when you say easily, you can't mean easily a benefit, because easily a negative seems far more probable.
This post was edited on 3/2/18 at 1:04 pm
Posted on 3/2/18 at 2:46 pm to buckeye_vol
Are you that dumb? Do you realize the steel industry AND peripheral industries would boom and raise employment, wages, taxes, housing markets, etc etc etc etc etc
Your preschool economic breakdown leaves a lot to be desired.
But let me make sure I understand....you think we would be better off buying Toyota's made in Japan instead of making and selling Toyota's here in the states?
Your preschool economic breakdown leaves a lot to be desired.
But let me make sure I understand....you think we would be better off buying Toyota's made in Japan instead of making and selling Toyota's here in the states?
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