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639 points CTOSian | 1 comments | | HN request time: 0.248s | source
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zaptheimpaler ◴[] No.45029926[source]
> importers must declare the exact amount of steel, copper, and aluminum in products, with a 100% tariff applied to these materials. This makes little sense—PCBs, for instance, contain copper traces, but the quantity is nearly impossible to estimate.

Wow this administration is f**ing batshit insane. I thought the tariffs would be on raw metals, not anything at all that happens to contain them.

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miltonlost ◴[] No.45030340[source]
Tarriffs on raw materials in order to boost local manufactring is also insane. That's what needs to be cheap. Corrupt, stupid, evil policies.
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mothballed ◴[] No.45030530[source]
The workers yearn to go back in the fiery sweaty steel mills where every 3rd year one of their coworkers has their arms turned into a molten blob.
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quacked ◴[] No.45030544[source]
Do you think that there shouldn't be any steel mills in the US?
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mothballed ◴[] No.45030554[source]
I don't know. If we have a comparative advantage at it, sure. If we have a comparative advantage in designing the stuff that gets made in a steel mill in China I can't imagine workers rationally wanting to reverse that via tariffs.
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flir ◴[] No.45030598[source]
That's one of those industries you probably want to keep a domestic presence in, for strategic reasons. Chip fab might be another. But I'd do it via subsidy, not tariff, otherwise you're adding friction to everything downstream of it.
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1. crote ◴[] No.45031206[source]
I always thought that was why so much money went into the military. Requiring a domestic source for military equipment provides a neat way for local suppliers to sell their goods above fair market value. The government gets to give a subsidy without actually doing all the paperwork involved in giving subsidies, and very few people are going to argue with an "it's for national security" argument.