Page 2 - Tariffs Won T News Today

Is growing. >> and you said shale is bigger than steel, right? and so the tariffs wont really make a difference. >> at this moment. but, you know, there is -- there is a lot of nostalgic association with steel. so people my age, or people my childrens age, adult children, they never worked in a steel mill. and i never worked in a steel mill. but there is still the cultural association. so it is something that people wrap their arms around. >> but explain the significance. >> despite there not be...

And so the tariffs wont really make a difference. >> at this moment. but, you know, there is -- there is a lot of nostalgic association with steel. so people my age, or people my childrens age, adult children, they never worked in a steel mill. and i never worked in a steel mill. but there is still the cultural association. so it is something that people wrap their arms around. >> but explain the significance. >> despite there not being that many jobs there. >> talk to me about the shale industr...

Competition to capture somewhat additional volume. these industries are operating at very low percentages of capacity. so theres going to be fierce competition to get that volume and i think thats the best free market solution to why the tariffs wont be fully passed on. >> trish: well be watching all of it. thank you very much. good to see you. >> good to see you, trish. >> trish: well get reaction now from gop senator from wyoming, john varasso. all right, senator. your response. >> trish, im...

Reversal during campaign trail said. and we are hearing things like anthony had scar moochy, one of the transition advisers, has given an interview talking about how tariffs wont be imposed, or only as a last ditch measure. were getting little bits and pieces from trump advisers that they are coming together. creating ideas. i know the transition team has plan written up. whether trump goes with that plan is still up in the air. they are doing this subterranean effort of really plotting policy. ...

Shipulating their exports to us cheaper than our imports to them. so people who have been involved in tradeable good business for years recognize that. the problem is and the two of you were just getting at that, these tariffs wont have that impact. these tariffs will hurt many more americans they are going to help. i feel great sympathy for the folks that were talking about the possibility that maybe this will help because at least as far as i and every other economist sees this down the road, ...

You were just getting at that, these tariffs wont have that impact. these tariffs will hurt many more americans they are going to help. i feel great sympathy for the folks that were talking about the possibility that maybe this will help because at least as far as i and every other economist sees this down the road, this isnt the way to go about it. it is a misguided strategy. it will lead to higher prices, slower growth. and you say you are not sure. his ultimate goal is to reduce the trade def...

Currency. so people who have been involved in tradeable good businesses for many years, they recognize that. the problem is is as the two of ou were just getting at, these tariffs wont have that impact. theyre going to hurt many more americans than theyre going to help. i feel great sympathy for some of those folks talking about the possibility that you know, maybe this will help because at least as far as i and every other economist on all sides of the al sees this down the road, this isnt the ...