Quote:
Originally Posted by Goriders
Not sure who’s winning in the tariff war. Seems like everyone loses.
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in the wide blanket tariffs Trump was proposing, I'd generally agree that it's hard to find winners. But in more isolated / targeted trade, the winners are clear and the markets can see it, it is the shareholders and management of American steel producers, but the assumption is they are winning at the expense of Canadian producers, the reality is they are winning at the expense of American steel consumers, who will pay these companies more then still pay more to import from Canada too, or worse for the Americans they will see flight of fabrication jobs to Canada or Mexico in order to circumvent the targeted tariff (which i suppose is the argument for a blanket tariff).
https://ca.finance.yahoo.com/quote/STLD/
https://ca.finance.yahoo.com/quote/NUE/
https://ca.finance.yahoo.com/quote/CLF/