Battleball Champion!There is a nail maker in Missouri that is shutting down due to tariffs and how they are making steel too expensive to make the nails.
My question is this. The tariffs are on incoming steel and the idea is to buy US steel which doesn't have tariffs on it so why don't they just buy US steel?
Sure, it may be more expensive but it won't be "as expensive", right?
Unless they use the cheap steel for their nails which is severely underpriced due to lack of quality. For nails I guess that may not be a big deal. Then their issue would be that they can only afford to stay in business when they get cheap steel at cut-rate prices.
Color me confused.
Reply With Quote