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this post was submitted on 12 Feb 2025
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Leopards Ate My Face
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I'm actually impressed by some of the critical thinking going on! Some are saying this would cause more US based steel manufacturing while others point out nobody is setting up a company when even Trump himself can't commit to keeping the tarrifs in place for 4 years. However, nobody is discussing why there needs to be more US based steel production.
What is bad about importing steel? An American factory producing steel and an American factory producing cars from imported steel are both American factories. Why is it so important for the US to produce all of their steel domestically?
Vertically integrated economy.
If your economy has companies performing all steps in the supply chain for making a complex commodity, like cars, you get to extract profit at each step rather than just the last step.
The USA's economy and geography is large enough to have an almost entirely self sufficient economy.
This mostly makes sense if you have need for it, costs and quality won't better automatically. And if demand remains low, there's little incentive to.
Long term the point is usually to lessen dependency on others, for example to enact war, but Dump isn't really dependable for anything long term.