Play stupid games, win stupid prizes.
Trump's car tariffs are already affecting U.S. steelmakers due to lower projected car demand in the country.
This is babby's first Microeconomics 101.
Lower supply of product A raises its prices, lowering demand for it.
It's called the price equilibrium.
As the demand goes down, the ingredient for product A, the raw material X, drops in price due to oversupply.
So, to stay afloat, the raw material producers have to lower the supply or they will have to go out of business.
Suppliers have to do this or they face the threat of bankruptcy - which is worse than cutting down business. And they all have the unprovoked tariffs to thank for that. Great job, MAGA!
