| PM | Quote | Reply | Full Topic |
Joined: Mon Nov 13th, 2017
Location: Pacific North West
Posts: 1587
Status:
Offline
Reputation: 
Reputation Points: $user_rep
By my understanding, the tariffs only apply to materials being imported to the US from other countries. In theory, that should make the materials on our soil more valuable.
Good theory but no. You are correct, tariffs are applied only to imports. Those are put in place to keep say ford from finding a better deal importing steel instead of buying American steel. As seen in the news this can spike a trade war. Other countries just add tariffs to our exports attempting to compensate. This results in some of the countries to buy elsewhere. Tariffs dont increase the value of materials they try to equalize prices. Our steel still isnt moving like it should yet and that's why no one is buying it yet. If a big industrial project in a big country gets underway prices can go up. Currently China has scaled back its projects. China was mostly responsible for the rise in prices a few years.
____________________
I know my crazy! Do you?
2007 Sport 4door 4x4 4.0L SOHC V6 Ranger