"The United States is the world’s largest steel importer. In year to date 2017 (through September), further referred to at YTD 2017, the U.S. imported 26.9 million metric tons of steel, an increase from 22.5 million metric tons in YTD 2016."
Here's the thing ... the average car has about a ton of steel in it. The price of steel, right now, is about $700 per ton. IF imported steel prices were to go up by 25% due to increased tariffs, that means an increase in cost of $175 per car. The average price for a new car, these days, is $36,270. The estimated cost increase is .004825 of the average price. PUHLEEEEEEEEASE! Snoooooooooooooooore!
Next, a lot of imported steel is inferior crap that foreigners are dumping in the U.S. at cheap prices aimed at hurting U.S. steel companies and their American workers. Tariffs would simply even the playing field that has been stacked against U.S. competitors for decades, now. This is a much needed shot across the bow of completely unfair competition. The foreign countries who are doing the most bitching about this are the very same ones who tax the crap out of American goods coming into their countries. They are pathetic hypocrites.
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