Ford Says American Steel Is Now the Most Expensive in the World Thanks to Trump

Expensive trade wars, who the shorts REALLY want to win, and burning BMWs. This is the Morning Shift for October 23, 2018. President Donald Trump started a trade war with China and seemingly the rest of the world, and he began the war by hiking up tariffs on steel and aluminum. While the intended purpose was to “bring steel back” or somesuch, the market forces at work are vastly greater than any mere tariffs that can be thrown at such a globalized commodity.
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