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March 1, 2018

Canada Buys Almost as Much Steel from US as it Sells

Today DJT announced a 25% tariff on steel imports, accidentally sending the DJIA down 420 points. Oops. 

(Why? I won't go too deep on this, but essentially he just made it more expensive to produce goods in America, making American manufacturing less competitive probably costing American manufacturing jobs. But whatever.)

Currently the mainstream media is posting charts that show that Canada is the biggest source for US steel imports. While this is true, it ignores the other half of the equation: US steel exports to Canada. 

According to CSPA, the amount of steel the US imports AND exports to us ketchup chip eaters is about the same. 

Your move Trudeau.


1 comment:

  1. When times are good no one complains and we are all inclusive. When times are bad and negative mood prevails everyone starts to complain for just about every thing & we are no longer we but they & them. That's when we all become seperate with walls & boarders & tariffs & duties. It is a sign of the times with social mood being so negative. We are being told all is fine but people know better by the way they are feeling in their daily lives.

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