White House says 25% tariffs on steel and aluminum would stack on other 25% tariffs
Grimpen @ Grimpen @lemmy.ca Posts 5Comments 398Joined 2 yr. ago
Grimpen @ Grimpen @lemmy.ca
Posts
5
Comments
398
Joined
2 yr. ago
They won't be able to afford our medical isotopes soon. These are raw material inputs into high value industries. This will damage US aerospace, automotive, etc.
Don't tariff your inputs! This means Boeing will pay a lot more for any aluminum (domestic capacity insufficient, and less price competition vs. eat the tariff).
It's going to suck, but at least I can revel in the schadenfreude as the US shoots itself in the foot.