Trump announces steel and aluminum tariffs, stock markets take a tumble
-
It is going to kill WV. Coal from this state has primarily been staying afloat due to the sale of metallurgic coal to foreign steel producers. If no here wants to buy the foreign steel due to the increase in price, foreign steel producers will not be buying WV coal.
It is going to kill WV. Coal from this state has primarily been staying afloat due to the sale of metallurgic coal to foreign steel producers. If no here wants to buy the foreign steel due to the increase in price, foreign steel producers will not be buying WV coal.
But, why are you even complaining about that? We're gonna save 140,000 steel and aluminum jobs. Who cares is millions of others lose their jobs in the process and our economy tanks due to trade wars? It's simple economics, my good fellow.
"That which can be asserted without evidence can also be dismissed without evidence”. - Christopher Hitchens "The universe is under no obligation to make sense to you". - Neil deGrasse Tyson -
Yeah... My company makes our product out of steel. And the cost was already going up. Our product going up in price will hurt infrastructure development
-
It is going to kill WV. Coal from this state has primarily been staying afloat due to the sale of metallurgic coal to foreign steel producers. If no here wants to buy the foreign steel due to the increase in price, foreign steel producers will not be buying WV coal.
But, why are you even complaining about that? We're gonna save 140,000 steel and aluminum jobs. Who cares is millions of others lose their jobs in the process and our economy tanks due to trade wars? It's simple economics, my good fellow.
But, why are you even complaining about that? We're gonna save 140,000 steel and aluminum jobs. Who cares is millions of others lose their jobs in the process and our economy tanks due to trade wars? It's simple economics, my good fellow.
That certainly is a possibility. However, I suppose if the government can become self sufficient or close to it by tariff from being the largest consumers, and it's not even close, I would imagine a massive tax cut across the board to help business survive. That's probably the glass half full approach though. And some industry just won't make it anyhow, I'm sure. However, i think we need to remember this is an attempt to persuade others not to tariff us. Maybe the market will move in the response to threat. If so, that would be victory.
-
But, why are you even complaining about that? We're gonna save 140,000 steel and aluminum jobs. Who cares is millions of others lose their jobs in the process and our economy tanks due to trade wars? It's simple economics, my good fellow.
That certainly is a possibility. However, I suppose if the government can become self sufficient or close to it by tariff from being the largest consumers, and it's not even close, I would imagine a massive tax cut across the board to help business survive. That's probably the glass half full approach though. And some industry just won't make it anyhow, I'm sure. However, i think we need to remember this is an attempt to persuade others not to tariff us. Maybe the market will move in the response to threat. If so, that would be victory.
That certainly is a possibility. However, I suppose if the government can become self sufficient or close to it by tariff from being the largest consumers, and it's not even close, I would imagine a massive tax cut across the board to help business survive. That's probably the glass half full approach though. And some industry just won't make it anyhow, I'm sure. However, i think we need to remember this is an attempt to persuade others not to tariff us. Maybe the market will move in the response to threat. If so, that would be victory.
If that is the intended result of his tariff announcement, then it is more than likely going to backfire on him:
Financial Times: EU considers imposing ‘safeguard’ import tariffs in response to US
Reuters: Europe targets U.S. bourbon, bikes, blue jeans for trade riposte
-
That certainly is a possibility. However, I suppose if the government can become self sufficient or close to it by tariff from being the largest consumers, and it's not even close, I would imagine a massive tax cut across the board to help business survive. That's probably the glass half full approach though. And some industry just won't make it anyhow, I'm sure. However, i think we need to remember this is an attempt to persuade others not to tariff us. Maybe the market will move in the response to threat. If so, that would be victory.
If that is the intended result of his tariff announcement, then it is more than likely going to backfire on him:
Financial Times: EU considers imposing ‘safeguard’ import tariffs in response to US
Reuters: Europe targets U.S. bourbon, bikes, blue jeans for trade riposte
If that is the intended result of his tariff announcement, then it is more than likely going to backfire on him:
Financial Times: EU considers imposing ‘safeguard’ import tariffs in response to US
Reuters: Europe targets U.S. bourbon, bikes, blue jeans for trade riposte
No argument here. It very well could.
-
Remembers Ag, the payment is metaphorical now
Oh so the fake Trump news now says they are paying with fake money? Got it.
And since we are charging them $25 a head they will then pay that with fake credit cards too.
And the fake tariffs will be on the fake steel they don't provide us instead of on the real oil they send.
Yep-Canada is paying for the Mexican wall but fake news will claim it's really Mexico because they don't speak English and they are browner than Canadians. That'll fool everyone as usual with the Trump shell game.
-
Remembers Ag, the payment is metaphorical now
Oh so the fake Trump news now says they are paying with fake money? Got it.
And since we are charging them $25 a head they will then pay that with fake credit cards too.
And the fake tariffs will be on the fake steel they don't provide us instead of on the real oil they send.
Yep-Canada is paying for the Mexican wall but fake news will claim it's really Mexico because they don't speak English and they are browner than Canadians. That'll fool everyone as usual with the Trump shell game.
Oh so the fake Trump news now says they are paying with fake money? Got it.
And since we are charging them $25 a head they will then pay that with fake credit cards too.
And the fake tariffs will be on the fake steel they don't provide us instead of on the real oil they send.
Yep-Canada is paying for the Mexican wall but fake news will claim it's really Mexico because they don't speak English and they are browner than Canadians. That'll fool everyone as usual with the Trump shell game.
Annnnnnnddddddd.......the race card. Of course.
-
Well thank goodness the president is too busy decompensating so that he will forget about tariffs and concentrate on narcissistic insults from "Alex" Baldwin.
-
-
Riiiiight
-
The EU imposes a 10% tariff on US autos.
The US imposes a 2.5% tariff on EU autos.
Something isn't right with that.
-
Yeah... My company makes our product out of steel. And the cost was already going up. Our product going up in price will hurt infrastructure development
Yeah... My company makes our product out of steel. And the cost was already going up. Our product going up in price will hurt infrastructure development
But if it's true that it will cut way down on the use of coal across the world it's a small sacrifice to save the planet isn't it Woody?
WSS
-
Yeah... My company makes our product out of steel. And the cost was already going up. Our product going up in price will hurt infrastructure development
But if it's true that it will cut way down on the use of coal across the world it's a small sacrifice to save the planet isn't it Woody?
WSS
But if it's true that it will cut way down on the use of coal across the world it's a small sacrifice to save the planet isn't it Woody?
WSS
Oh no! You got me! Your "well why bother doing anything" attitude towards climate change wins again!
I've never been for crippling an economy. Not to mention I'm not sure your assumption is correct.
-
ah. then why didn't the libs go apecrap over obaMao and what he did to china?
Obama administration hit Chinese steel hard in 2016
Prior to this announcement, the U.S. had already implemented trade taxes on different types of imported steel from China. In 2016, the Obama administration imposed duties on some Chinese steel imports by more than 500 percent, causing Chinese imports to the U.S. to drop by almost two-thirds.
According to Yan Tong, Chief Business Development Officer at Shagang International, one of China's largest steel mills, the U.S. has been moving in this direction for years. "Trump's action just accelerated it," she said. "It doesn't affect us that much because we don't export to U.S., anyway."
-
But if it's true that it will cut way down on the use of coal across the world it's a small sacrifice to save the planet isn't it Woody?
WSS
Oh no! You got me! Your "well why bother doing anything" attitude towards climate change wins again!
I've never been for crippling an economy. Not to mention I'm not sure your assumption is correct.
Oh no! You got me! Your "well why bother doing anything" attitude towards climate change wins again!
I've never been for crippling an economy. Not to mention I'm not sure your assumption is correct.
Well that's true. I guess you probably know it but don't want to say I'm right, but no, there's no reason to waste years and resources on things that won't work.
And hit the reaction to every single issue on the table is coming through the prism of I hate Trump or I love Trump then what's the difference?
WSS
-
Gold is what you need for the Zombie Apocalypse.
We're getting closer though.
Gold is what you need for the Zombie Apocalypse.
We're getting closer though.
-
So, what could go wrong with Trump's proposed tariffs?
WSJ: Gary Cohn Resigns as White House Economic Adviser After Losing Tariffs Fight
Barron's: Markets Now: Dow Set for 300 Point Drop as Cohn Resignation Crushes Stocks
Marketwatch: EU leader responds to Trump’s tariff plan: ‘We can also do stupid’
-
-
The U.S. is facing some epic trade imbalances, and the EU thinks Trump is stoopid.
Who's zooming who?
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login