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Message Subject Tariff Fearmongering Hoaxes DEBUNKED. Prices Are NOT Rising!
Poster Handle Weyoun
Post Content
I deal a lot with steel and metals. I'm maga but prices have risen substantially in the past year. I can say quite confidently that all metals have gone up over 10%. And some of the parts sourced from China are being passed on to us and in turn is costing more. Even metal sourced in the us has gone up because the know they can get it, which is fine. Like I said I'm all about maga but to say prices aren't going up, I have seen different. That said. If it helps maga and doesn't hurt maga then bring it the fuck on. As of now people are paying so there is no problems.
 Quoting: Russian hacker


The price increases are aligned with overall inflation and not a special tariff-caused case, from the article:

"Let’s look at some heavy duty steel and aluminum products. Aircraft prices rose 0.1 in May and are up 2.0 percent from a year ago. That’s the highest annual price hike on the list so far but it is less than the overall rise in producer prices, indicating that this is not a tariff-led price hike. It’s also very close to the Federal Reserve’s target of 2 percent inflation."

"Prices of steel mill products, which are an intermediate good used to produce consumer goods, fell 0.6 percent in May. Prices for steel mill products also fell 1.7 percent in April, held flat in March, and fell 3.2 percent in January. On an annual basis, which now means comparing prices of products immediately after the steel tariffs and more than a year after they were imposed, prices are up just 1.1 percent.

A month ago, steel mill prices were still showing a steep 5.8 percent increase on an annual basis. In February, prices were up 12.6 percent compared with the year prior and in October they were up 18.6 percent. In other words, the tariffs are not inflationary in the ordinary sense of the word. They resulted in higher intermediate prices paid by businesses but did not create ongoing price pressure."
 Quoting: Weyoun


This.

And anyone who work hand in in importiion of metal, they should have heard of ChiCom has shit their bed trying to relabel their metal as "made in X, Y, Z..." to avoid tariffs. Ask yourself why is that if they have confidence in their ability to control the market.
 Quoting: Anonymous Coward 77549932


Chicom steel is what caused the bridge collapse in Florida. We call it "chinesium" for a reason. We don't need that crap here.

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