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Replying to Avatar MattA

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in 2018, the Trump administration imposed tariffs on three specific imports… Steel, Aluminum, & Washing Machines… to “safeguard U.S. industries & jobs.”

these measures addressed:

“national security concerns”

& “unfair trade practices” ,such as dumping, from foreign competitors

per: The Bureau of Labor Statistics

•Steel:

â—¦ Before (Pre-March 2018):

~$630 per short ton

*18+ Months Later (Sept 2019+): ~$550-$600 per short ton

•Washing Machines:

â—¦Before (Pre-Feb 2018):

~$400-$500

*18+ Months Later (Aug 2019+): ~$450-$500

•Aluminum:

â—¦ Before (Pre-March 2018): ~$2,300-$2,450 per metric ton

*18+ Months Later (Sept 2019+): ~$2,100-$2,250 per metric ton

80
szarka 9mo ago

Misleading. Speaking to the steel and aluminum numbers, the first figure includes the increase in prices due to anticipation of the tariffs, while the second number is from after the tariffs had already been removed on our two largest trading partners (Canada and Mexico)—precisely because of their bad effects.

Even for this period, world prices for these metals fell, while US prices remained elevated above world prices.

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