Quote:
Originally posted by Sir Taliesin:
Yeah, wonder how many steel jobs that will cost in PA, OH and WV? Anyone got any ideas what an out of work steel worker with a minimal education can do? Hate to see the American Steel Industry finally slide into the briny deep. But I guess it had to go sometime.
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This has already happened in most of the industrialised wold. The steel industry in Britain has been streamlined and many steel workers lost their jobs. More British workers lost their jobs because of the US tarif on steel. How do steel tariffs affect those US workers that work in industries that use steel (such as the motor manufacturers)? It costs them more and the costis passed on to the consumer.
There are only two small groups that benefit from steel tariffs - one is the US steel manufacturers - can you guess who the other group are?