Trump to impose tariff on steel and aluminium, geaux Trump!

Dumb just dumb. Trump giving Canada and Mexico a reprieve for now on Tariffs depending on the outcome of NAFTA. That's even worse than if he didn't. His Justification for the tariffs were done for national security reasons are now underminded because of the temporary exemptions of Canada and Mexico depending on the outcome of NAFTA. Because of this bargaining the national security reasoning that Trump gave for the Tariffs will no longer be valid. I bet you will see WTO ruling against Trump and retaliatory measures taken again the US. Just dumb dumb.

 

Excuse me, I believe you have my stapler.

 

Not sure if this has been mentioned. If the price of steel and aluminum goes up it makes building new buildings more expensive which could limit supply. Which means his existing properties could be more valuable.

His company is probably loading up on Canadian and Mexican steel right now.

 

He has never used US steel for any of his domestic projects. I'm sure all his overseas stuff is from, well, overseas.

 

Mexico and Canada would not be "overseas"

I wish someone at a press conference would ask him why he used foreign steel all the time if he cared so much about steel workers in Michigan?

 

Uh, right. I was talking about actual, you know, overseas stuff. Like across the oceans and whatnot.

And hell yes, someone should call him out on it. I'd love to see that (of course he'd just b.s. around the question).

 

IT is so interesting to watch this . . . . .. ..

Honestly . .. . . I think more people are finding out how much they don't know about government than ever

Alot of people probably thought much like Trump . . .just say it and it is done
and that is how presidenting worked. . .like a king. . .a dictator. . . . .etc

Others may know the mechanics but not the implications

Now . . . . .. we are here


Rocket River

 

Sure, but it's a bit specious. It's like that tax-cut argument: if you don't want to cut taxes, why don't you simply elect to pay more? Trump bought foreign steel because it was the most rational and responsible thing he could do for his company given the rules and the marketplace that he was buying in. To do otherwise sacrifices an advantage to his competitors. If he can make everybody pay more, he can do business with US steel without suffering a competitive disadvantage. I doubt any steelworker (any that don't outright hate him) is going to fault Trump for buying foreign steel if it was the logical thing to do.

 

I get this argument for a CEO running a corporation. They do need to be responsible to the shareholders and sometime have to make decisions against their views and for their shareholder interest.

Personal and family business is very different. They makes decisions all the times that aren't always in the interest of money, but that are aligned to their principles. Individual consumers do this also. Trump leads us to believe he has a strong viewpoint on trade for the last 30 or so years, but personally does the opposite over that time. I think you call that a hypocrite, a liar, and/or someone that hold money above everything else.

His supporters will definitely excuse it away.

 

Trade isn't so simple.




Brazil is one of the prime suppliers of steel to the United States and would bear the brunt of any tariffs. Brazil's foreign minister said Brazil would consider retaliatory actions.



RACHEL MARTIN, HOST:

President Trump made it official yesterday, signing new tariffs on steel and aluminum imports - despite opposition from many congressional Republicans and free trade advocates. American trading partners, including Canada and Mexico, have been granted temporary exemptions from these tariffs while NAFTA negotiations are happening. But another close U.S. ally, Brazil, got no such break.

(SOUNDBITE OF PROTEST)

UNIDENTIFIED PROTESTORS: (Chanting in Portuguese).

MARTIN: That is the sound of steel workers protesting outside the U.S. consulate in Sao Paulo earlier this week, many of them expressing their frustration about possibly losing their jobs because of these American tariffs. And now Brazil's government is threatening to retaliate. And that could have a major impact on American jobs, particularly in states that voted for President Trump. NPR's Philip Reeves joins us now from Rio de Janeiro to explain this connection and possible fallout.

REEVES: One hundred thousand Brazilians work in the steel industry. And people here are worried for their jobs. The country's also struggling to get out of the worst recession in its history. And it's just now nudging into growth. A 25 percent tariff on a major export, steel, imposed by an ally is not likely to make that recovery any easier. So Brazil's government's saying it's, you know, gravely concerned by the tariffs. The two countries did about - just under $90 billion worth of trade last year. And Brazil's arguing, you know, that'll be damaged. And they're warning that companies and consumers in both Brazil and the U.S. will suffer.

MARTIN: And Brazil is also the largest importer of American coal. Right? Explain this connection and how it could affect American jobs.

REEVES: Well, the type of coal, called met coal - that's one area that Brazil has warned of consequences. Last year, it imported a billion dollars' worth of coal from the U.S. This is the met coal which they use for making steel here. And it's now...

MARTIN: Wait, so they import American coal to make...

REEVES: Yes.

MARTIN: ...Brazilian steel to sell back to America?

REEVES: It's the best foreign client the U.S. has for this stuff. But it's now hinting heavily that it could look to buy this elsewhere. You know, we all know President Trump campaigned on reviving the coal industry...

MARTIN: Right.

REEVES: ...In the U.S. And the irony that - in Brazil's view at any rate - this could damage that industry is not being lost on people here.

MARTIN: So what does Brazil do? I mean, do they have any leverage to retaliate against these tariffs?

REEVES: Well, the Brazilian government actually is still hoping to negotiate a path out of this. Officials say that Trump's announcement yesterday seemed to suggest that countries might avoid these tariffs, for instance, by introducing voluntary restrictions. They say it was kind of vague. If that doesn't work out, the Brazilians may well file a case, along with other affected countries, at the World Trade Organization, arguing that these tariffs aren't in line with agreements.

But don't let's forget one thing, though. Brazil's the largest country in Latin America, and it's not an easy country to do business with. There are often many restrictions and an unbelievable amount of red tape. The U.S. has been urging the Brazilians to open up and, in fact, got a victory this week with an agreement that opens the path to more air travel. And some people here are pointing out that these tariffs play into the hands of those Brazilians who are against liberalizing Brazil's economy. And that's bad for everyone.

MARTIN: NPR's Philip Reeves from Rio de Janeiro this morning.

Hey, Phil, thank you so much for that. We appreciate it.

REEVES: You're welcome.

 

Harley-Davidson Warns Against Trump’s Tariffs While Laying Off American Manufacturing Workers

http://www.breitbart.com/big-govern...le-laying-off-american-manufacturing-workers/

 

It's a good point. The Trump Organization could have elected to buy American. My own small company does uneconomic things for ideological reasons. But, I still don't think 'you should have flushed your own money down the toilet!' is a very good argument.

 

Trump is doing this so he can win PA again. It's not going to work.

 

That’s not the argument.

His actions show that he is a hypocrite, and is someone that value profit to him and his family above the public stance that he preaches.

Naturally, that follow onto wherever he goes. He would screw over the nation, including his supporters, if he perceives or know it benefit him personally.

 

CNBC's Jim Cramer is breaking the news that Larry Kudlow, the uber conservative and a free marketeer, is expected to be named
Trump's Chief Economic Advisor, replacing Gary Cohn.

to the extent that Trump's tariff-whisperer , his trade adviser, Peter Navarro, is not the replacement, it is good news for free marketeers,
and by extension Wall Street

 

99% of CEOs in his position would buy foreign steel over domestic steel if it was a better value. If he was wagging his finger at domestic consumers for buying foreign steel while he himself was buying foreign steel, I'd call that hypocrisy. But, I do not think it is hypocritical to lead the whole community toward buying domestic steel because of something you used to do in the past.

In the same way, I think public schools should be better funded by the state. They should increase real estate taxes if necessary to accomplish it. I'll vote for any Republican or Democrat or Other that is serious about making that happen. But I won't elect to pay extra tax on my own. I don't think that is hypocritical either. It's not because money is more important to me than high quality institutions. The former approach could be effective at improving performance, the latter wouldn't be effective at all, and would rather be akin to flushing my money down the toilet.

 

trump retweets the lie (he admitted to)...

 

#Sh!tYourStupidPresidentSays