Friday, January 10, 2025
Trump tariffs: Negotiating tactic or fair warning?
www.thefabricator.com: The end of 2024 wrapped up with crazy news cycles, each sounding more like they were ripped from the headlines of another century: wars, tariffs, and assassinations.
Despite all of that, flat-rolled steel prices were mostly ho-hum. In fact, it became almost a trend in the closing months of 2024. Earth-shaking headlines only led to incremental moves in steel prices.
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Trump is tariff-crazy, to say the least. The argument for whether or not he’s bluffing is a heated one. More reliable and ‘in the know’ sources seem to lean that Trump is genuinely headed towards such stark tariffs, and given his hot-headed nature in the past, I would certainly not be surprised. This is, after all, what his followers wanted. From what I’ve seen, his supporters seem to believe that this would take a harder hit on China, Mexico, BRICS countries, etc, than on American consumers. There are upcoming data releases that are likely to indicate the continued slowing of inflation and steady growth that’s been present (relatively speaking) since mid-2020. That does not mean we’re in a spot to say ‘good enough’ and to turn focus on hostility toward foreign markets. The article continues with other trade restrictions that Trump wants to enact soon, which ends with how American lead times and prices will increase.
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