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

My mistake for not being clear, I was referencing an earlier FOX story.

 

Tariff continue. Talks now will happen. Also, I swear I heard all of this before. Maybe about 5 years ago.

http://europa.eu/rapid/press-release_STATEMENT-18-4687_en.htm

European Commission - Statement
Joint U.S.-EU Statement following President Juncker's visit to the White House
Washington, 25 July 2018

We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity, and of fighting jointly against terrorism.

The United States and the European Union together count more than 830 million citizens and more than 50 percent of global GDP. If we team up, we can make our planet a better, more secure, and more prosperous place.

Already today, the United States and the European Union have a $1 trillion bilateral trade relationship – the largest economic relationship in the world. We want to further strengthen this trade relationship to the benefit of all American and European citizens.

This is why we agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods. We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans.

This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal.

Secondly, we agreed today to strengthen our strategic cooperation with respect to energy. The European Union wants to import more liquefied natural gas (LNG) from the United States to diversify its energy supply.

Thirdly, we agreed today to launch a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles, and slash costs.

Fourthly, we agreed today to join forces to protect American and European companies better from unfair global trade practices. We will therefore work closely together with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state owned enterprises, and overcapacity.

We decided to set up immediately an Executive Working Group of our closest advisors to carry this joint agenda forward. In addition, it will identify short-term measures to facilitate commercial exchanges and assess existing tariff measures. While we are working on this, we will not go against the spirit of this agreement, unless either party terminates the negotiations.

We also want to resolve the steel and aluminum tariff issues and retaliatory tariffs.

 

I am sorry, I missed the part that showed where trump won?

 

Meanwhile...

 

Set things on fire. Any hosing afterward is a victory! It’s brilliant. Too bad we all have to suffer through it.

 

This maps out trump's strategy...

 

aluminum down 3% from the day the thread was started

 

The following from the conservative The Weekly Standard interviews someone from the libertarian Cato Institute to review yesterday's trump-EU deal.

Analyzing the trade "deal" Trump made with the European Union.

https://www.weeklystandard.com/hale...e-european-union-heres-what-it-actually-means

 

trump really hates American farmers...

Trade spat with Mexico speeds U.S. decline as global wheat supplier

https://www.reuters.com/article/us-...e-as-global-wheat-supplier-idUSKBN1KG1F0?il=0

 

The tariff wars hurting mid-American and small-town Americans

Local news coverage focuses on negative impact of Trump tariffs

http://thehill.com/homenews/state-w...e-focuses-on-negative-impact-of-trump-tariffs

 

Traitor Trump is padding himself in the back for "supposedly" fixing a problem (w the EU) that he had created

 

regarding the joint statement between Traitor Trump and the EU, just to add a point of reference

On 15 July 2018, the eve of Trump's fiasco w Putin at Helsinki, Finland, http://nymag.com/daily/intelligencer/2018/07/trump-says-european-union-is-americas-biggest-foe.html

Asked to name America’s “biggest foe globally right now” during an appearance on CBS’s Face
the Nation, the first answer that came to Trump’s mind was the E.U, portraying the EU as fleecing America with unfair trade

“Well I think we have a lot of foes — I think the European Union is a foe — what they do to us in trade. Now,
you wouldn’t think of the European Union, but they’re a foe,”

​

10 days later, this new joint agreement w the EU, where Trump stepped back from punitive tariff threats for
some relatively minor European concessions: https://www.nytimes.com/2018/07/25/us/politics/trump-europe-trade.html

• the purchase of soybeans to make up for a steep falloff of buying by China, and
• the promise to purchase liquefied natural gas once the United States builds more export terminals, which are far away.

​

 

Which they were already doing anyway because of soybean price increases from Brazil.

 

I was wondering what conway's take on this... george's not kellyannes's.

 

You get hats! . I've spoken to mr. John Deere and he's not happy!!
(john deere was born in 1804)

 

If you read the objectives they are all clearly statements on China. The EU asking for a pass in exchange for helping the USA influence PRC.

 

Agreed. But Trump decided the most prudent plan of action was to take on everyone at once. Trump could have started by having us and our allies gang up on China, but that was not the path chosen.

 

This is where the Trump narrative is BS..... we are being taken advantage by the EU, Japan, and S Korea yet we have outperformed them economically.

 

It was clearly the path chosen. Trump showed he was completely willing to endure the domestic political pressure and take advantage of the massive current account surplus they have with us. The EU is a bureaucratic racket. They only respond to this type of pressure.

 

conventional wisdom is that you don't respond to tariffs in kind, but Trump may have turned that on his head if he uses the threat of retaliation to get tariffs removed entirely