— Wow, this is news? I think I read about this last June. Incidentally, the consequence will be the same. A Canadian company will buy the steel from China, provide a slight markup with some “processing” (like money laundering), and sell the steel in the US. The US steel industry wants buyers to pay more for steel. Buyers will pay more due to the tariff (rather, the Canadian circumvention), but it won’t really help the domestic steel industry. It will just hurt the buyers’ industries. The enterprising Canadian will be smart enough to mark up the steel just to the point where it isn’t worth imposing tariffs. This has happened before, and it will happen again.
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