The Rising Influence of Rising Affluence

[DewDiligence]

(CLF)—More USMCA (“NAFTA 2.0”) info:

https://www.wsj.com/articles/ten-things-to-know-about-the-new-nafta-deal-1538365823

The agreement would leave in place Trump administration tariffs on imported steel [25%] and aluminum [10%], as U.S. negotiators have insisted that any changes to U.S. duties on steel and aluminum that took effect in June be addressed separately from a broader trade deal.

U.S. trade negotiators will face pressure from domestic steel producers to keep in place a tariff that has given them leverage to raise prices. Those higher prices have allowed U.S. producers to improve margins and expand production at domestic plants.