What I thought I was saying is that the lower down the supply chain, the more the overall economy experiences compound greed and inflation from the bottom of the chain up.
When you put the tariffs on raw, or nearly raw, materials; every value added from that point upward adds gross profit to the original tariffs. It's a greed tree.
The end of American steel dominance in the late seventies was triggered by the reduction of steel tariffs. That simply led to the steel companies, and all the rest of the financial sector, moving their investments to Asia.