[–]Calann[S]1 point
-1 points
0 points
(+0|-1)
ago
I'll give you an example of how this will play out.
The company I work for makes a product that is 90%+ steel. Our main competitor is an Italian company. The tariffs that were just imposed will result in the cost for us to purchase steel to increase more than 20%, even if we buy all domestic steel. The cost for our Italian competitor will not rise at all.
The steel tariffs make competing internationally much harder for American companies.
[–] [deleted] 0 points 2 points 2 points (+2|-0) ago
[–] Calann [S] 1 point -1 points 0 points (+0|-1) ago
I'll give you an example of how this will play out.
The company I work for makes a product that is 90%+ steel. Our main competitor is an Italian company. The tariffs that were just imposed will result in the cost for us to purchase steel to increase more than 20%, even if we buy all domestic steel. The cost for our Italian competitor will not rise at all.
The steel tariffs make competing internationally much harder for American companies.
[–] XSS1337 ago
You're a liar unless you give us your name and where you work to confirm.
/sage