Domestic steel producers raise their prices after Trump imposed a 50% tariff on imported steel

[surfered]

This will increase the cost of everything from cars to military tanks.

American-made steel is the most expensive in the world, and some analysts say domestic producers have gained a tight grip on American trade policy that allows them to charge more.

“It’s just pure protectionism and cronyism,” said Scott Lincicome, a vice president for trade policy at the Cato Institute.

https://www.nytimes.com/2025/07/22/business/steel-prices-tariffs.html

[biophile]

1. Welp, who could have predicted the absolutely predictable opportunistic capitalist reaction?

[Norrrm]

2. Sounds like opportunistic inflation, not due to any supply price pressures. Call it a secondary tariff tax.

[Eliot Rosewater]

3. Stupidest piece of shit on earth does more destruction to our economy and average Americans in one day

Then most people could do in a lifetime.

Does overwhelming harm to everyone and yet is still adored by millions sounds like a broken system to me.