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Politics : PRESIDENT GEORGE W. BUSH
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To: craig crawford who wrote (236469)3/11/2002 10:46:11 PM
From: DavesM  Read Replies (2) of 769667
 
This argument is so complicated...I belive that there are times to protect certain industires. Sometimes there are industries that are deemed necessary for the Security of the Nation. And therefore it may be in the Nation's best interest (at least in the short run) to protect them.

But, there are problems with tariffs and protectionism. Steel is not a finished product, but a raw material for a host of manufactured goods. This means that every manufacturer that uses steel, has to pay more for steel than foreign competitors. It squeezes the margins of every domestic manufacturer upstream of the protected industry, and places American manufacturers at a disadvantage to foreign manufacturers in foreign markets (as well as domestic).
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