Live Updates: Trump to Impose Tariffs on All Steel and Aluminum Imports on Monday

[Lesh]

You couldn't pass the IQ test.

The last time Trump did this, US manufacturing lost 200,000 jobs, and set manufacturing jobs back 10 years.

The definition of insanity is doing the same thing over and over and expecting a different result.

You mean time electing Trump…

 

[busybee01]

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

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.

American consumers will pay the price which means higher inflation. Industries who use steel and aluminum will have to raise prices. Eventually it will mean lower demand which means lost jobs.

 

[busybee01]

Doing an audit of the Federal Government and finding BILLIONS of dollars in waste and outright corrupt spending is "nuttiness"?
You on the left are going with a narrative that's going to fall flat on it's face. The American people are sick and tired of spending tax dollars on crap. Keep it up...

He has found no such thing. Spending you oppose is not waste and corruption. Trump is the most corrupt president that we have ever and it took less than 30 days.

 

[Man With A Plan]

He has found no such thing. Spending you oppose is not waste and corruption. Trump is the most corrupt president that we have ever and it took less than 30 days.

Trump left office worth less than he went in with. Would you like to compare that to say the Obama's?

 

[Dragonlady]

You mean time electing Trump…

The last time Trump started a trade war.

 

[Dante]

The last time Trump started a trade war.

If there is a trade war today over this tariff bs, we are not living in the same world we were back in 2016 - 2020. Expect dire consequences showing up

 

[Dragonlady]

If there is a trade war today over this tariff bs, we are not living in the same world we were back in 2016 - 2020. Expect dire consequences showing up

Well yeah. The economy was very strong and stable when Trump was elected the first time. Biden only had 4 years to rebuild and he was a long way from finished. Your manufacturing and export markets are not what they were 4 years ago.

Your trade partners have all made other plans and other trade deals while Trump was working his way back. All trust and faith in the USA as a reliable, stable trading partner is GONE. We won't be making future deals with Trump since he's failed to abide by either NAFTA or the USMCA Agreement.

There is no point and dealing with someone who cannot be trusted to keep his word.

 

[Man With A Plan]

Well yeah. The economy was very strong and stable when Trump was elected the first time. Biden only had 4 years to rebuild and he was a long way from finished. Your manufacturing and export markets are not what they were 4 years ago.

Your trade partners have all made other plans and other trade deals while Trump was working his way back. All trust and faith in the USA as a reliable, stable trading partner is GONE. We won't be making future deals with Trump since he's failed to abide by either NAFTA or the USMCA Agreement.

There is no point and dealing with someone who cannot be trusted to keep his word.

They're actually lining up to invest in America because Trump is in the Oval Office. What is your news source, Dragonlady? You seem lost.

 

[Lesh]

I am not an economist. But Trump has experts for that

LOL of course a program can conduct an audit. It is math and that is something computers are great at.

His “experts” are Elmo’s teen aged programmers

 

[Dragonlady]

They're actually lining up to invest in America because Trump is in the Oval Office. What is your news source, Dragonlady? You seem lost.

You’ve been conned. The only people I see lining up to invest are Saudis. I use lots of business sources from around the world.

The last person I would ever believe, is Donald Trump or anyone in right wing media because nothing they say he has any basis in fact. Everything Trump tells you about the Trump economy is bullshit.

Here’s an article from 2020 about Trumps failure to produce manufacturing jobs and the job losses n his first term.

https://www.reuters.com/article/business/the-rust-belt-boom-that-wasnt-heartland-job-growth-lagged-under-trump-idUSKBN27C1D3/

And here’s a piece saying investment in manufacturing will drop due to instability.

Opportunities and Challenges of a Second Trump Presidency

An overview of potential policy changes, new initiatives, and shifts in foreign trade relations

www.gray.com

 

[Man With A Plan]

You’ve been conned. The only people I see lining up to invest are Saudis. I use lots of business sources from around the world.

The last person I would ever believe, is Donald Trump or anyone in right wing media because nothing they say he has any basis in fact. Everything Trump tells you about the Trump economy is bullshit.

Here’s an article from 2020 about Trumps failure to produce manufacturing jobs and the job losses n his first term.

https://www.reuters.com/article/business/the-rust-belt-boom-that-wasnt-heartland-job-growth-lagged-under-trump-idUSKBN27C1D3/

And here’s a piece saying investment in manufacturing will drop due to instability.

Opportunities and Challenges of a Second Trump Presidency

An overview of potential policy changes, new initiatives, and shifts in foreign trade relations

www.gray.com

Client Challenge

www.ft.com

 

[Dante]

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

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.

“Reciprocity may sound appealing. But remember who pays tariffs: It’s the American importer and the burden eventually falls on the consumer,” said Erica York, vice president of federal tax policy for the Tax Foundation. “It’s like shooting yourselves in the foot because someone else is shooting themselves in the foot.”

 

[Dragonlady]

Client Challenge

www.ft.com

Investors buying stocks is not corporations building manufacturing plants, DOLT. What plan do you possibly have when you clearly don't have a clue.

Investment in the economy means job creating expansion, not people buying stocks.

 

[Man With A Plan]

Investors buying stocks is not corporations building manufacturing plants, DOLT. What plan do you possibly have when you clearly don't have a clue.

Investment in the economy means job creating expansion, not people buying stocks.

Seriously? You don't have the faintest idea how the Private Sector works...do you?

 

[jknowgood]

right

wake up

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[Dante]

View attachment 1085958

okie dokie

Whenever you post...

 

[jknowgood]

okie dokie

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Whenever you post...


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Thanks for proving tax payers support you. It's time to get a job.

 

[Dante]

Thanks for proving tax payers support you. It's time to get a job.

Time to pray...

 

[jknowgood]

View attachment 1085966

Time to pray...


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