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

Carl Herrera · May 21, 2018

Both sides specifically agreed to "meaningful increases" in US agriculture and energy exports, according to the statement. The US intends to send a team to China to hammer out the details. Mnuchin said Sunday on Fox News that Trump can "put the tariffs back on" if China doesn't follow through with its commitments.
Click to expand...

So, they are screwing over the steel sector for the farm and energy sector?

May well be a reasonable thing to do (better than a trade war) but whatever happened to all the yelling about "government picking winners and losers"?

juicystream · May 21, 2018

TheresTheDagger said: ↑

Click to expand...

Hopefully the case. Decreasing imports, which tariffs seek to do, are harmful and why nobody wins. The answer to fixing trade deficits has always been to increase exports. Just a matter of how.

NewRoxFan · May 22, 2018

NewRoxFan · May 22, 2018

Who woulda thunk?

NewRoxFan · May 22, 2018

trump slams the ZTE deal into reverse...

U.S. lawmakers say they will try to block possible ZTE deal with China
https://www.reuters.com/article/us-...ck-possible-zte-deal-with-china-idUSKCN1IN27O

NewRoxFan · May 24, 2018

Even though Trade Wars are easy to win, "NAFTA is very difficult." And trump not only complains about Mexico (after all, they won't pay for the wall) but also Canada.

Trump blasts 'spoiled' Canada and Mexico over NAFTA talks
White House launches investigation to determine if auto imports have hurt U.S. national security

U.S. President Donald Trump on Wednesday railed against Mexico and Canada's efforts in renegotiating the North American Free Trade Agreement (NAFTA), saying both neighbours have been "very difficult." "NAFTA is very difficult. Mexico has been very difficult to deal with. Canada has been very difficult to deal with … but I will tell you that in the end we win," Trump told reporters at the White House. "We will win, and we'll win big. "We'll get along with Mexico, we'll get along with Canada. But I will tell you, they have been very difficult to deal with. They're very spoiled — because nobody has done this. But I will tell you that what they ask for is not fair."
Click to expand...

http://www.cbc.ca/news/business/trump-auto-workers-1.4674280

NewRoxFan · May 30, 2018

trump is erratic? flipflops? Where in the world would China get that idea?

China vows to fight Washington on tariff hike

China's government accused the Trump administration of hurting its credibility by acting erratically on trade and vowed Wednesday to fight back if Washington goes ahead with a threatened tariff hike. A foreign ministry spokeswoman complained the U.S. decision to renew a threat to raise duties on a $50 billion list of Chinese goods conflicts with an agreement in mid-May aimed at settling that dispute. Treasury Steven Mnuchin said then that the conflict was "on hold" after Beijing promised to buy more U.S. goods to help narrow its multibillion-dollar trade surplus with the United States.
Click to expand...

The spokeswoman, Hua Chunying, declined to say whether Tuesday's announcement might disrupt plans for Commerce Secretary Wilbur Ross to visit Beijing for talks starting Saturday. The Commerce Ministry didn't respond to questions about the status of the meeting, but the American Embassy said a delegation of trade, agriculture and treasury officials had arrived in the Chinese capital to make preparations. Hua gave no indication of whether Beijing planned to act on its own threat to retaliate by raising duties on a $50 billion list of American goods including beef and soybeans.
"Every flip-flop and U-turn of a country will be simply depleting and squandering its own credibility," Hua said at a regular briefing. "We do not want a trade war, but we are not afraid of one. We will fight back," she said. "We will definitely take forceful measures to defend our legitimate interests."
Click to expand...

https://abcnews.go.com/Internationa...tariff-hike-55529565?cid=social_twitter_abcnp

NewRoxFan · May 30, 2018

And them dirty rotten Europeans too!

Bandwagoner · May 30, 2018

NewRoxFan said: ↑

And them dirty rotten Europeans too!

Click to expand...

You think the EU should continue high tariffs on anything from outside their customs union?

NewRoxFan · May 31, 2018

Because trade wars are easy to win (and so good for everyone!)...

Cohete Rojo · May 31, 2018

Just to be clear: there is no trade war, there is no recession.

NewRoxFan · May 31, 2018

Hatch: Trump steel and aluminum tariffs are a 'tax hike on Americans'

Senate Finance Committee Chairman Orrin Hatch (R-Utah) on Thursday blasted the Trump administration's decision to place steel and aluminum tariffs on the European Union, Canada and Mexico, saying the financial penalties are a "tax hike on Americans." "My position remains unchanged: Tariffs on steel and aluminum imports are a tax hike on Americans and will have damaging consequences for consumers, manufacturers and workers," Hatch said in a statement.
Click to expand...

Republicans, including Hatch, have publicly fretted for months over Trump's trade policies, including concerns that broad steel and aluminum tariffs would spark retaliation from other countries. Some GOP senators have floated new legislation that would give Congress more oversight of the president's trade decisions. Sen. Pat Toomey (R-Pa.) separately called the tariff decision "bad news" that would "invite retaliation."
Click to expand...

http://thehill.com/blogs/floor-acti...ump-steel-and-aluminum-tariffs-are-a-tax-hike

MystikArkitect · May 31, 2018

Great. This should be a boom for the construction industry. Naturally these developers will want to eat the new cost of steel instead of doing what they always do during tumultuous times....sit on their cash and let the craziness subside while the little dudes suffer.

NewRoxFan · May 31, 2018

adoo · May 31, 2018

2 days ago, Fear over Italy sovereignty debt drove the DOW down by ~ 500 pt. Yesterday, trades come to their senses realizing that the US is not Italy, the DOW recovered close to 300 pt.

today, Trump is starting a global trade war, imposing tariffs on steel and aluminum from the European Union, Mexico and Canada. The DOW has declined > 200 pt. http://money.cnn.com/2018/05/31/investing/us-steel-aluminum-tariffs-response/index.html

But, China, who had committed $ 400M to fund the Trump Co's project in Indonesia., is not on that list. had it been on the list, the DOW decline would be much severe.

in response, The European Union has said that its retaliatory measures, which could be in place as soon as June 20, would include 25% tariffs on American products including motorcycles, denim, cigarettes, cranberry juice and peanut butter. this is bad for the mid-West, Tx, Calif and SEC states.

The Mexican government said that the US action was not justified, and that it would retaliate with its own comparable penalties on US lamps, pork, fruit, cheese and flat; very bad for Iowa, WI, Calif, etc.

the Republicans are shooting themselves in the foot ! there goes the mid-term election !

NewRoxFan · May 31, 2018

MystikArkitect said: ↑

Great. This should be a boom for the construction industry. Naturally these developers will want to eat the new cost of steel instead of doing what they always do during tumultuous times....sit on their cash and let the craziness subside while the little dudes suffer.
Click to expand...

Huh?
Trump steel tariffs will make construction, infrastructure projects more expensive
One report predicts 28,000 construction jobs will be lost due to tariffs

In a study released earlier this week, the D.C.-based Trade Partnership, an economic consulting group, projected that 28,000 jobs would be lost in the construction industry alone based on the original, across-the-board tariffs. “This announcement by the president could not have come at a worse time,” Randy Noel, chairman of the National Association of Home Builders, said in a statement. “Tariffs hurt consumers and harm housing affordability.” The American Institute of Architects also opposes the tariffs, saying in a statement that, “any move that increases building costs will jeopardize domestic design and the construction industry, which is responsible for billions in U.S. Gross Domestic Product, economic growth, and job creation.”
Click to expand...

https://www.curbed.com/2018/3/6/17087106/trump-steel-tariff-construction-infrastructure-housing

Trump’s steel tariffs are already squeezing the construction industry

Less than two weeks after President Trump signed sweeping 25 percent steel tariffs and 10 percent aluminum tariffs into law, the construction industry is already smarting, according to a report by National Real Estate Investor. Although the tariffs exclude steel coming from Canada and Mexico (at the time of writing), interviews with developers and those in the construction industry suggest that some projects are already seeing steel increase in cost by up to 10 percent. The culprit is speculation about price increases six to twelve months down the line, after the full impact of the tariffs make themselves felt.The panic isn’t without precedent. A 21 percent tariff imposed on imported Canadian timber in November of last year, used in 25 percent of wood-framed projects in the U.S., led to a nationwide rise in construction costs for single and mid-family homes. Contractors were forced to raise their prices, cut back on their use of timber, switch to steel, or change the design of their homes to use less materials.
Click to expand...

https://archpaper.com/2018/03/steel-tariffs-squeezing-construction-industry/

How Tariffs Cause Chaos in the Real World

Donald Trump, contrary to his habitual exaggerations, did not spend very much of his business career building things. His most profitable line of business has long been putting his name on things, which is really a different sort of enterprise. For the people who actually are building buildings right now in these United States, Donald Trump is a giant pain in the ass.The situation is worse for builders of large commercial projects such as office towers, which are much more steel-intensive than more residential developments. Reshuffling those bids causes chaos in the present, and it also adds to labor and administrative costs. One developer reports that his expenditures related to trying to outrace the tariffs already are running into six figures.
Click to expand...

https://www.nationalreview.com/corner/trump-steel-tariffs-disrupt-construction-industry/

adoo · May 31, 2018

NewRoxFan said: ↑

Trump steel tariffs will make construction, infrastructure projects more expensive, One report predicts 28,000 construction jobs will be lost
Click to expand...

automakers will be adversely affected; so too are farmers (pork, cranberry, nuts), Harley Davidson, Apparel co,
as well as Campbell Soup, Beer co and others who use aluminum in their products

there will be layoffs in these industries/co

NewRoxFan · May 31, 2018

Which brings up a question... since Democrats and republicans seem to think its a bad move...

dmoneybangbang · May 31, 2018

Bandwagoner said: ↑

You think the EU should continue high tariffs on anything from outside their customs union?
Click to expand...

Has the US made any mention of reducing its tariffs and subsidies on its protected industries?

dmoneybangbang · May 31, 2018

MystikArkitect said: ↑

Great. This should be a boom for the construction industry. Naturally these developers will want to eat the new cost of steel instead of doing what they always do during tumultuous times....sit on their cash and let the craziness subside while the little dudes suffer.
Click to expand...

Huh?

Forums

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

Carl Herrera Member

juicystream Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

Bandwagoner Member

NewRoxFan Member

Cohete Rojo Member

NewRoxFan Member

MystikArkitect Member
Supporting Member

NewRoxFan Member

adoo Member

NewRoxFan Member

adoo Member

NewRoxFan Member

dmoneybangbang Member

dmoneybangbang Member

Share This Page

About ClutchFans

Rockets Content

Support ClutchFans!

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

Carl Herrera Member

juicystream Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

NewRoxFan Member

Bandwagoner Member

NewRoxFan Member

Cohete Rojo Member

NewRoxFan Member

MystikArkitect Member Supporting Member

NewRoxFan Member

adoo Member

NewRoxFan Member

adoo Member

NewRoxFan Member

dmoneybangbang Member

dmoneybangbang Member

Share This Page

MystikArkitect Member
Supporting Member