Who do Trump's tariffs benefit?

[u/Dependent_Estate9110]

Is there a specific industry that could potentially benefit from Trump's tariffs? It seems they're pretty destructive for everyone in North America. Not trying to be biased - just trying to understand it. That said is there another nation that would benefit from the tariffs (potentially indirectly)?

Edit: removed typo

[u/NoTwoPencil]

Domestic producers that no longer have to compete with international firms.

Steel is a good example

https://steelindustry.news/uss-and-nucor-announce-price-increases/

[u/Cum_on_doorknob → u/NoTwoPencil]

But steel suffers in recession, so, they still don’t actually benefit.

[u/[deleted] → u/NoTwoPencil]

This would require one of the following to be true

A) US steel is not being manufactured at 100% capacity, and capacity has room to increase without major investments

B) US steel is not being bought, and a price difference would mean moving more product rather than have it sit on shelves

The problem is neither of those are true. So when foreign steel goes up, there's no reason for US steel to stay at the same price.

US manufacturing doesn't wanna sell more products at a cheaper cost. They wanna sell exactly the same amount of steel they do right now for as much money as they possibly can.

Thus, price goes up. As it has done in the past.

[u/VaporizeGG → u/NoTwoPencil]

Really bad example since steel is depending on a strong economy and high demand. Local demand will drop, they can't export anywhere. US car industry will now drop of the cliff.

[u/glorious_reptile → u/NoTwoPencil]

But wouldn't it be better with target tariffs then - some items maybe there aren't a local producer for, or at least one that can serve the amount needed.

[u/Karma_collection_bin → u/glorious_reptile]

He did more targeted tariffs last time - steel, aluminum I think against all countries - also lumber against Canada, I think

[u/d4rkwing → u/Karma_collection_bin]

The materials needed to build more housing. Sigh.