President Trump announces new tariffs: 25% for steel, 10% for aluminum

[TomParks]

About time...he should have done it sooner

 

[bripat9643]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Yeah, and the stock market is tanking.

The last thing Wall Street wants to hear is “tariff”.

And it was up for the day prior to the announcement from Trump


Sent from my iPhone using USMessageBoard.com

"Control the border" is another thing they don't like to hear. On the other hand, workers do like to hear it.

 

[Vandalshandle]

So, the stock market is tanking, which is going to hurt his buddies at the country club, and the millionaire c congressman and senators, as well as retirees living on their investments. Meantime, the price of everything goes up, which, again, hurts American consumers, but help steel manufacturers. The price of new cars goes up, which hurts auto manufacturers, and dealers. China decides to start a trade war, which hurts everybody.

This is the beginning of what I predicted when he was elected. The trashing of our economy.

 

[Harpy Eagle]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Yeah, and the stock market is tanking.

The last thing Wall Street wants to hear is “tariff”.

And it was up for the day prior to the announcement from Trump


Sent from my iPhone using USMessageBoard.com

"Control the border" is another thing they don't like to hear. On the other hand, workers do like to hear it.

When they lose their jobs due to the isolationist policies of the president, they will care more about that than the border.


Tariffs cost jobs, always have and always will.


Sent from my iPhone using USMessageBoard.com

 

[bendog]

Massive tariffs and subsidies! The GOP’s new theory for capitalism’s success!

Soon the Trumpbots can call him Man of Steel

 

[WEATHER53]

If it's good for illegals then it is good and if it's good for productive and tax paying citizens then it's bad
Lib 101

 

[bendog]

President Trump announces new tariffs: 25% for steel, 10% for aluminum

Good, lord. So rather than putting a tariff on value-added products, finished goods, he taxes raw materials, thus ensuring that the economic impacts of the tariff flows through the entire supply chain. That's brilliant. NOT!!! It's flat-out stupid.

Effects of a Tariff: Large Country

​

When a large importing country implements a tariff it will cause an increase in the price of the good on the domestic market and a decrease in the price in the rest of the world. But since Trump wants to impose the tariff on raw materials, it'll raise not only the price of steel and aluminum in the U.S., but also the price of everything made from that steel and aluminum.

As for who will bear the incidence of the tax/tariff, well, that depends on the elasticity of demand and the elasticity of supply for each given product class, and in some instances, each differentiable product.

But this won't raise the cost of my next Lexus will it?

 

[jillian]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

and the stock market tanked.

go idiots!

 

[Remodeling Maidiac]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Yeah, and the stock market is tanking.

only 548 as of now Tariffs?? There goes the tax breaks

Why don't you let the dust settle before you claim victory ffs. The stocks could very well bounce back.

 

[jillian]

If it's good for illegals then it is good and if it's good for productive and tax paying citizens then it's bad
Lib 101

what are you blathering about?

 

[Remodeling Maidiac]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

and the stock market tanked.

go idiots!

It's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.

 

[TheOldSchool]

If it's good for illegals then it is good and if it's good for productive and tax paying citizens then it's bad
Lib 101

Another revealed socialist? Hello! What’s your favorite thing about artificial controls on the free market?

 

[TheOldSchool]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

and the stock market tanked.

go idiots!

It's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.

Why? Everything that uses steel is about to cost 25% more. A fun, new way for Americans to lose money

 

[Correll]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

About fucking time.

 

[The Derp]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.

 

[Correll]

So much for the free market conservatives.


Sent from my iPhone using USMessageBoard.com

The Free Market people lost in the primaries.

Did you miss all of that? Plenty of debate about it.


And for good reason.

 

[Correll]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.

not if they change sources to American manufacturers.


Easy way to avoid the tax.

 

[Harpy Eagle]

So much for the free market conservatives.


Sent from my iPhone using USMessageBoard.com

The Free Market people lost in the primaries.

Did you miss all of that? Plenty of debate about it.


And for good reason.

Yep. The statist won, sorry I forgot. My bad


Sent from my iPhone using USMessageBoard.com

 

[TheOldSchool]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.

not if they change sources to American manufacturers.


Easy way to avoid the tax.

Yeah they’ll just pay way more for U.S. steel and give consumers a discount as a reward

 

[The Derp]

not if they change sources to American manufacturers.

Moron, that's not how it works.