Dante
"The Libido for the Ugly"
Uh oh! Some people see this as "Winning!" Uh oh! Mister Tariff strikes again! “Almost immediately” on every country!
Live Updates: Trump to Impose Tariffs on All Steel and Aluminum Imports on Monday
President Trump on Sunday said that he would impose a 25 percent tariff on all foreign steel and aluminum imports into the United States as of Monday and would soon announce reciprocal tariffs on America’s trading partners.
Speaking from Air Force One en route to the Super Bowl, the president said his metal tariffs would apply to “everybody,” including Canada and Mexico, America’s allies and its largest trading partners.
“Any steel coming into the United States is going to have a 25 percent tariff,” Mr. Trump said. “Aluminum, too.”
Mr. Trump’s decision to tax foreign metals and impose reciprocal tariffs comes in the wake of several other trade threats he has made since winning the White House.
Uh oh! Undoing another great thing Biden did for America.
Mr. Trump’s decision to impose tariffs on metals is not new. In his first term, the president levied tariffs on foreign steel and aluminum globally, angering allies like Mexico, Canada and the European Union. He ultimately rolled back some of those barriers on Canada and Mexico when they signed a revised trade agreement with the United States.
The Biden administration later reached agreements with the European Union, the United Kingdom and Japan to roll back some of their trade restrictions. A handful of other countries also negotiated quotas or other arrangements, but for most countries the steel and aluminum tariffs remain in place, said Chad Bown, a senior fellow at the Peterson Institute for International Economics. It’s not clear if the new tariffs would be added to the old ones.
Live Updates: Trump to Impose Tariffs on All Steel and Aluminum Imports on Monday
Trump to Impose Metal Tariffs on Monday, Followed by Broader Levies
President Trump on Sunday said that he would impose a 25 percent tariff on all foreign steel and aluminum imports into the United States as of Monday and would soon announce reciprocal tariffs on America’s trading partners.
Speaking from Air Force One en route to the Super Bowl, the president said his metal tariffs would apply to “everybody,” including Canada and Mexico, America’s allies and its largest trading partners.
“Any steel coming into the United States is going to have a 25 percent tariff,” Mr. Trump said. “Aluminum, too.”
Mr. Trump’s decision to tax foreign metals and impose reciprocal tariffs comes in the wake of several other trade threats he has made since winning the White House.
Uh oh! Undoing another great thing Biden did for America.
Mr. Trump’s decision to impose tariffs on metals is not new. In his first term, the president levied tariffs on foreign steel and aluminum globally, angering allies like Mexico, Canada and the European Union. He ultimately rolled back some of those barriers on Canada and Mexico when they signed a revised trade agreement with the United States.
The Biden administration later reached agreements with the European Union, the United Kingdom and Japan to roll back some of their trade restrictions. A handful of other countries also negotiated quotas or other arrangements, but for most countries the steel and aluminum tariffs remain in place, said Chad Bown, a senior fellow at the Peterson Institute for International Economics. It’s not clear if the new tariffs would be added to the old ones.
