The articles I've read said that the price of automobiles would rise about $30 per car. That's a price I'm willing to pay to keep many ten's of thousands of American steelworkers jobs!
Also, another article said that domestic steel orders rose, IIRC, about 20% in the same period.
So the tariffs seem to have helped the US economy.
Speaking of steel, I work in an industry (refinery) that requires equipment fabricated with alloy steels. Unfortunately, many of these are no longer available domestically made, so now I have to pay a premium to get it and wait...and wait...and wait for delivery. I can thank dumping for that!
Furthermore, the last US fabricator of large diameter, heavy wall vessels (i.e., reactors, distillation towers, etc.), Nooter, closed shop last year. Where can I get these now? you guessed it! - Japan (or Italy). And now I have to pay a premium and wait...and wait.
This is one example of many where we have lost some strategic manufacturing ability.
When I write specifications for materials or equipment, I state that the materials or components must be domestically made, if available. I'm willing to pay that little bit extra, if I have to, to support domestic industries.
These guys who complain about higher steel prices resulting from the tariffs don't realize how much higher steel will be once the local competition is out of business and all that is available is the off-shore stuff.
