Why are the new tariffs causing U.S. domestic steel producers' stock prices to fall?

~ ~ ~ ~ Wait wait wait, you listening to the Orange haired tax master ??

Might it be that US Steel can’t buy cheap recycled raw material from China?

Stock prices have been falling in general as Trump gets ready to impose tariffs on $200 billion on Chinese imports.

I thought the whole purpose of the tariffs were to benefit US companies by reducing less expensive imports.
I guess that strategy is either not working or people don’t expect it to work.

@LuckyGuy The strategy doesn’t work, except in the mind of a sixth grade graduate.

Well, you can either continue using the now more expensive foreign imported raw materials, or you switch over to the already more expensive domestic producers, which will get even more expensive due to increased demand, which they will have trouble meeting, because their production volume and capacity is tailored to a pre-tariff market.
Not to mention that some companies rely on special steels, that they can only get from overseas.
It is just like the North Korea debacle. He now blames China for it, for not putting enough pressure on NK.
Guess what, dipshit: that is what happens when you piss China off by starting a trade war with them.

I’m just wondering how anyone could argue that the tariffs are working. This is an unbiased example based on data.
And the tariffs haven’t really started yet!

Inequity markets, one buys the rumour and sells the fact, don’t you know.

I’m thinking this is just another nail in the coffin for tarrigfs. Farmers are going to get a $12 billion bailout since they have been hurt by them. This is not sustainable and does nothing to help the situation.
It is purely political showmanship.

https://www.barrons.com/articles/mr-trump-meet-smoot-and-hawley-1530915864

It met with disastrous results at the end of the 1920’s for smoot and hawley, but it won’t fail this time? why?
And as you mentioned it already has costs the farmers,that now he is bailing out to the tune of $12billion, and this was Trump’s fuck up.
Can you imagine how the re/cons would have gotten their tits in a wringer if Obama had done that?

I think we should just grab our ankles, and try to enjoy the trade war. Trump may start an actual war soon, if this won’t deflect enough from his many legal woes…

I’m a little embarrassed to say this but…I’m trying to make money on this stupidity.
If I play the market in the opposite direction the TIC (tweeter in chief )says it will move I will benefit.
For example, he threatened that the market will crash if he is taken out of office. People will be broke. Well, if I play it the other way (that the market will not crash upon his ouster) I will benefit.
If tariffs forced stock prices down won’t their removal help them rebound? Time to bet a few bucks.

Tariff always make the markets uneasy, but the Don Father is too stupid to realize that.

He needs taxes to pay for his glorious wall.

Yeah to keep his people in,as much to keeping unwanteds out.