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Reply by oldnovice

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Posted on How much will tools made in America cost

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oldnovice

7505 posts in 3911 days


#1 posted 04-05-2018 08:00 PM

Actually the U.S. imports very little steel from China!

In my opinion the steel tariff on China is a “spite” tariff for so called tech thefts!

However, some of the China tariffs are really going to hit some mainstay agricultural and food U.S. products.
Iowa, the top pork producing state will be hit hard by the Chinese tariff along with other agricultural products from many states.

Here are the top 10 states “bringing home the bacon,” according to the latest U.S. Census data.
Iowa – $4.2 billion.
Illinois – $1.54 billion.
Minnesota – $1.47 billion.
North Carolina – $1.46 billion.
Indiana – $1.04 billion.
Oklahoma – $952.7 million.
Missouri – $791 million.
Nebraska – $657.5 million.

Iowa is #2 in corn and soybeans right behind illinois which is #1 in both.
If I remember correctly, these were both RED states.

However, I sure that some manufacturers will use the tariffs as an excuse to increase prices on their products …. !

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