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To: reaper who wrote (204067)11/12/2002 10:37:20 AM
From: zonder  Read Replies (1) | Respond to of 436258
 
Of course steel prices are rising in the US. Or did anyone think they would FALL as a result of import tariffs? :)

The whole idea of steel tariffs was to protect the high-cost domestic producer, after all.



To: reaper who wrote (204067)11/12/2002 11:08:49 AM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
If a rise in steel prices is not inflation, I do not know what is. Shows how swiftly any faltering of the dollar can show up in domestic inflation.

It was a steel price rise that infuriated JFK back about 1961. As I recall, the rise was retracted under pressure from the administration.


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