I am thinking B&M, RMC, Premier, and S&S, companies that purchase their steel from mills in the US that pay American workers probably would like to have a word with you. As would the local pizza owner serving the lunch crowd across the street from the fabrication plant, and the car saleman that both the steel workers and pizza owners purchase from. Then the local carpenter that the car salesman hires for home renovations. Then Six Flags as they wonder why the local carpenters son and friends can't afford tickets at their parks.
Democrats suggested the same aggressive tariff system in 2015 that Trump implemented in his 2nd term. Not to get too political, but think of it as a pool. Inside the pool water gets sucked out into the filter, cleaned, and pumped back into the pool. A perfect balance right? Water goes out and the same amount comes back in. But now with the current state of affairs, water goes out, and only 75% of it is going back in. Eventually you don't have a pool anymore, just a concrete pit because all the water is gone.
Also, the USD is weak against the Euro. So a $20mil from a USA manufacturer would cost roughly 24mil from a Euro manufacturer before taking tariffs into account.
*sighs, takes off thoosie hat and puts on CPA hat*
Thank you for this "lesson in economics"
@fingerblaster22 there are just several issues with this argument. Tariffs raise the prices for everyone in the supply chain. So if any of those steel mills/pizza shops import literally any of their supplies, their expenses go up which counters a bit of that increased demand they may receive when tariffs are implemented. If tariffs raise the price of steel, Six Flags (buying rides) pays more, possibly raising ticket prices or cutting staff. That
hurts the local carpenter's kid trying to go to the park which would be the opposite of your claim. You wanna take about the car salesman? GM reported a $1.1 billion loss on its bottom line in Q2 2025 and blamed tariffs. That's an American company losing money because of tariffs.
Also is your second paragraph referring to a trade deficit? There's nothing that suggests that a trade deficit is inherently a bad thing. It's not like we OWE other countries money because we are in a trade deficit, we just import more goods than we export but at the same time something that is not included in a trade deficit calculation is the exporting of services which the US has become a more service based economy than a goods manufacturing economy, this is why there is a trade deficit. For us to be back to a largely goods manufacturing economy we need to be more like China which has children working in factories. A trade deficit is not a giant pool of money that you've lost to another country.
The USD to Euro exchange rate which has
nothing to do with tariffs but since you brought this up, it has gotten weaker in the last 6 months per historical charts. It was 0.972901 on January 20, 2025, today it is 0.85864. The only point in the last 10 years where the USD was actually worth more than the Euro was
September-October 2022. A weaker dollar already makes imports more expensive,
before tariffs. So if anything, tariffs pile on top of that. Which brings us to the real narrative: tariffs aren’t just a penalty on foreign countries, they’re a tax on our own people and businesses. It’s time we stop saying, “We’re putting tariffs on country X,” and start saying, “We’re taxing our own economy to make a political point.”