The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on March 03, 2018, 04:21:07 pm
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March 3, 2018
Will the Trump tariffs substantially increase the cost of vehicles and stoke inflation?
By Jack Hellner
It's amazing. Even a topic as dry as tariffs gets the press's bias wheels turning. Here's one example, from Reuters:
Toyota Motor Corp said on Friday U.S. tariffs on imported steel and aluminum would substantially raise costs and therefore prices of cars and trucks sold in America.
"The (U.S.) Administration's decision to impose substantial steel and aluminum tariffs will adversely impact automakers, the automotive supplier community and consumers," the automaker told Reuters.
Toyota added that more than 90 percent of the steel and aluminum purchased for cars built in the United States is sourced from the country.
more
https://www.americanthinker.com/blog/2018/03/will_the_trump_tariffs_substantially_increase_the_cost_of_vehicles_and_stoke_inflation.html (https://www.americanthinker.com/blog/2018/03/will_the_trump_tariffs_substantially_increase_the_cost_of_vehicles_and_stoke_inflation.html)
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Again, if these costs are so minor, then there's no need to use government to extract them from American consumers by force.... the steel and aluminum producers just need to reduce their costs to be competitive. After all, it's only a little cost...right?
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The automakers keep jacking up prices anyway.