President Trump said today he would impose a 25 percent tariff on foreign steel, and a 10 percent tariff on aluminum, in an effort to revive the American metals industry. This is bad! Let’s count the ways this is bad. Continue reading Trump Plans Massive Tariffs On Metals, Which Would Inevitably Raise The Price Of Cars
Aluminum started as one of the world’s most expensive materials because it was difficult to refine—even though it made up 8 percent of the world’s crust. But eventually aluminum became one of the cheapest materials after methods of mass producing it were invented in the 1880s. It went from $1200 per kilogram down to a dollar in 50 years.