The tariffs other countries place are for certain things, like look at North Macedonia. They got a 60% total tariff on all goods. But, they don't really put tariffs on anything except tobacco - which their government did as a stupid way to get their people to quit smoking. But, they only import something like $250k in cigarettes annually because American cigarettes there are considered a big luxury. They get almost all of their cigarettes from China and Indonesian countries.
So, in retaliation of that cigarette tariff, now we Tariff all goods from Macedonia. Northern Macedonia is the third largest exporter of Reaction and Catalytic Products in the world, it's their only real export - they export more than $3 billion of the stuff to the US. So now, it will cost production companies - mostly steel and aluminum producers 60% more to buy the chemicals they need to produce their aluminum here in the states.
But, Aluminum has been tariffed from all other countries at around 20%.
So, it will actually be cheaper to buy aluminum at a 20% markup from Canada than it would be to make it here at home in the states.
I disagree on this.
The tariffs other countries place are for certain things, like look at North Macedonia. They got a 60% total tariff on all goods. But, they don't really put tariffs on anything except tobacco - which their government did as a stupid way to get their people to quit smoking. But, they only import something like $250k in cigarettes annually because American cigarettes there are considered a big luxury. They get almost all of their cigarettes from China and Indonesian countries.
So, in retaliation of that cigarette tariff, now we Tariff all goods from Macedonia. Northern Macedonia is the third largest exporter of Reaction and Catalytic Products in the world, it's their only real export - they export more than $3 billion of the stuff to the US. So now, it will cost production companies - mostly steel and aluminum producers 60% more to buy the chemicals they need to produce their aluminum here in the states.
But, Aluminum has been tariffed from all other countries at around 20%.
So, it will actually be cheaper to buy aluminum at a 20% markup from Canada than it would be to make it here at home in the states.
Smooth brain move ...
dasting... Now I have something to research kek