I Told You So - 22 July 2025

Well... this didn't take long. As I, and most econ types, told you would happen, Red Blooded American companies piggy-backed (emphasis on Piggy) on the tariffs to jack up their prices. I guess that's the American Way, "Get your money for nothin' (I want my, I want my)" [Dire Straits]?

And, this time, it's steel, so it will percolate through the rest of the economy.

American steel makers are raising prices, forcing new costs onto domestic manufacturers that make everything from cars to military tanks. The increases come on the back of President Trump's tariffs on steel and aluminum.

"You always see that as one of the traps of a tariff," said John O'Leary, the chief executive of Daimler Truck North America, which buys large amounts of steel to make Freightliner and Western Star trucks and Thomas Built school buses. American steel makers, he said, now have "more headroom to be able to raise the price."

Good ole patriotic American Bidnezz: ready to screw the rest of us to steal a buck.