Friday, March 2, 2018

Steve’s Barking; What so good about tariffs?

So the president thinking about putting tariffs on imported steel. Hay may maybe the U.S. deficit will be reduced with this old fashion tax that America in its infancy help to fund the government. Well it also maybe a job killer. Think of all the companies that use low cost steel, like Campbell soup that can’t pass the increase in price to the consumer therefore laying off people or having profits reduce, there by reducing the effect of lower corporate taxes. What about the price of building bridges, and new rails for our railroads, the price should go up or reducing profits for those who build them. Perhaps this country will reduce the amount of bridges and fixing our tracks. If the cost of steel goes to high for lack of compilation from foreign steel makers, perhaps too many new projects will be killed and there wouldn’t be a need of so many steel workers. Will the Fed look at the price rises and say o my gosh inflation is heating up, interest rates must rise more quickly, which might just be another job killer.

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