Comment on Trump says will double steel, aluminum tariffs to 50%

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finitebanjo@lemmy.world ⁨5⁩ ⁨days⁩ ago

Nah, actually, the US Steel and Aluminium is limited and expensive. Foreign investors would have to outbid US Manufacturers who literally have no other options because Tarriffs prevent them from importing cheaper large quantities of Steel and Aluminium, because, get this, USA specializes in making heavy machinery, military grade equipment, electronics, and technically skilled services such as banking but explicitly NOT making Aluminium and Steel.

You know who does specialize in Steel and Aluminium? Trump friend and associate Roman Abromovich, Israeli national and Russian oligarch.

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