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Trump says US will impose steel and aluminum tariffs
CNN ^
| 3/1/18
| Jeremy Diamon
Posted on 03/01/2018 12:02:33 PM PST by ek_hornbeck
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It's good to finally see a politician who tries to keep his promises. Trump ran on an economic nationalism platform where he promised to protect US industry and US workers from unfair practices among our trading partners, such as the dumping by foreign countries of their excess and often subsidized steel and other metals.
To: ek_hornbeck
CNN told us just now that it’s controversial. That’s how they control the conversation, by asserting the parameters.
2
posted on
03/01/2018 12:08:01 PM PST
by
SpaceBar
To: ek_hornbeck
I won’t click on CNN, but it would be refreshing to get some real analysis on exactly why Trump’s putting the tariffs on. I am pretty sure according to CNN it’s because he sucks!
3
posted on
03/01/2018 12:09:06 PM PST
by
gr8eman
(Since God has been banished from our classrooms, Satan has filled the void.)
To: ek_hornbeck
Unfortunate, but not unexpected.
To: ek_hornbeck
Bring it (trade war).
Only a stupid person would engage in a trade war with the largest market in the world, and one with which they have a substantial trade surplus.
The US hold all the cards here.
5
posted on
03/01/2018 12:12:42 PM PST
by
Mariner
(War Criminal #18)
To: ek_hornbeck
6
posted on
03/01/2018 12:15:49 PM PST
by
rurgan
(The Federal reserve r leftists raising rates to hurt Trump.Fed kept rates at 0 for all of obama yrs)
To: gr8eman; SpaceBar
I won't click on CNNYou'd get exactly the same opinion condemning the tariffs from the free-trade obsessives at The Wall Street Journal or even National Review.
To: ek_hornbeck
Trump just became a shoo-in in the industrial heartland for 2020.
To: Sidebar Moderator
No other president would have the brass pair it takes to do this.
To: Mariner
Something sickeningly Keynesian about this. Propose a massive "Infrastructure" plan which will probably be filled with waste and graft and then need billions in steel to rebuilt roads, bridges, tunnels and airports. Just what we need, US steel manufacturers who have shown historically to be bloated and incompetent when it comes to running a tight ship and standing up to unions. Read the book "When the Wolf Finally Came". Chronicles the rise and fall of American steel.
Second move this week of reactionary polices by The President, first was his proclamation that he will basically be ok with no due process when it comes to mentally ill and guns.
10
posted on
03/01/2018 12:21:16 PM PST
by
pburgh01
(Negan all the MSM)
To: rurgan
China HAS destroyed the steel industry. We are trying to rebuild it.
It is also why I am not very comfortable getting to close to train tracks now a days.
11
posted on
03/01/2018 12:21:22 PM PST
by
redgolum
To: rurgan
What advocates of "free trade" don't or can't admit is that US companies incur an overhead that doesn't exist in other countries, and that the only reason foreign manufacturing has a competitive advantage is that they engage in practices that we would not tolerate.
For instance, Chinese companies and those elsewhere in the developing world have the "luxury" of dumping industrial waste raw into their rivers or into the ground, we do not. The Chinese government heavily subsidizes certain industries, including steel manufacturing - which allows them to produce at cost or at loss, which our firms don't do. Since we aren't going to go back to dumping untreated industrial waste or having government subsidies of overproduction (nor should we), imposing tariffs on foreign manufactured goods simply levels the playing field by recognizing these realities.
To: ek_hornbeck
US companies incur an overhead that doesn't exist in other countriesLike Union wages and excessive environmental hoops.
13
posted on
03/01/2018 12:23:25 PM PST
by
1Old Pro
To: SpaceBar
CNN told us just now that its controversialThey don't like it because Trump just picked up thousands of Union Voters.
14
posted on
03/01/2018 12:24:50 PM PST
by
1Old Pro
To: ek_hornbeck
President Trump announces he is like to impose global tariffs on imported steel and aluminum – in a broad effort to ensure U.S. national security and manufacturing capacity within a very important industrial sector.
Earlier today President Trump appeared to be accepting Commerce Secretary Ross proposals for 25 percent tariffs on imported steel and 10 percent for aluminum. It is likely the tariffs will apply globally to all imports because targeted national tariffs have not worked. China ships their manufactured steel to another nation first in order to avoid the tariff. As Secretary Ross has previously stated we end up with a whack-a-mole policy. So likely the tariff will apply globally regardless of the nation shipping the product.
The usual, the corporate GOPe and Chamber of Commerce politicians will go bananas.
Last year President Donald Trump requested a national security Section 232 trade-investigation, to conducted by the U.S. Department of Commerce and Secretary Wilbur Ross, specifically focusing on U.S. steel and aluminum manufacturing.
The discussion continued last month as President Trump met with a group of republican and democrat members of congress to talk about trade policy and focus attention on the lack of American steel and aluminum production. [The responses from the republican participants was very enlightening and disappointing.]
Commerce Department Recommendations HERE
15
posted on
03/01/2018 12:28:53 PM PST
by
Bratch
("The only thing necessary for the triumph of evil is for good men to do nothing." - Edmund Burke)
To: ek_hornbeck
Could youve waited a few weeks to announce for the market to recover
fed chair rate hikes announced this week. Jeeeez.
To: ek_hornbeck
Re: “Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum...”
Which means the price of steel and aluminum in America will go up 25% and 10% - correct?
Before agreeing to this, I think we need to see a comprehensive report on the level of technology being used in American mills compared to the technology in the mills of the exporting countries.
If American steel and aluminum manufacturers are holding back on technology investments, there is absolutely no way Americans should subsidize them with higher prices!
To: wardamneagle
It’s actually the Fed raising rates that is causing the Market to go down not anything else.
The Fed is against Trump. Inflation is 2% so there’s no reason to raise rates.
18
posted on
03/01/2018 12:37:44 PM PST
by
rurgan
(The Federal reserve r leftists raising rates to hurt Trump.Fed kept rates at 0 for all of obama yrs)
To: Sidebar Moderator
Re: “No other president would have the brass pair it takes to do this.”
Is that because we don’t have tariffs on brass?
To: ek_hornbeck
Well, I guess this will make those Korean washing machines we just put a tariff on a little more price cpmpetitive. Does Whirlpool support these tariffs too?
20
posted on
03/01/2018 12:40:15 PM PST
by
oincobx
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