10-03-2018 18:30 via sltrib.com

Letter: No one wins in an escalating trade war

Commerce Secretary Wilbur Ross said a 25 percent tariff on steel would cause only a 0.6 cent increase in the cost of steel in a can of soup, implying that the tariff is insignificant to consumers.However, other factors affect the price of a can of tomato soup.Tomato costs will increase with more expensive farm machinery. Fuel prices will rise due to higher costs for oil drilling equipment and pipelines. Processing costs will increase because of more costly plant equipment.Plus, all transportatio
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