I work for a steel fabrication company and we've been getting killed on steel prices since the end of 2017. If a tariff is enforced on steel then we'll really see steel prices skyrocket and we'll have to start charging our customers a lot more to make up for the costs. Our customers would then have to start charging THEIR customers more to make up for the increased price of capital expenditures.
We're obviously not the only manufacturer who uses steel so does this mean steel tariffs would have a ripple effect of price increases throughout the entire economy?
Would we see a large rise in inflation and then a huge bump in interest rates to follow? A faster-than-expected rate hike could really hurt stocks so could that mean that steel tariffs bring down the market?
Submitted March 03, 2018 at 07:07PM by gstephe7 http://ift.tt/2FchBhu
