Headline: New York Times, 2/24/2026
Peter S. Goodman reports on the destructive idiocy of Trump's tariffs:
Mr. Trump has cast the protection of the American steel industry as the centerpiece of his mission to rejuvenate domestic factory production. But the troubles of Park Tool highlight how tariffs have so far hindered that cause, jeopardizing jobs that are already here.
Protectionism has increased the price of steel available in the United States while spurring only a modest increase in domestic production. That has left companies like Park Tool reliant on global supply chains they have built up over decades. Thousands of specialty components needed to make their products are now more expensive. [emphasis added[
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