Trump announces steel and aluminum tariffs, stock markets take a tumble
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Well thank goodness the president is too busy decompensating so that he will forget about tariffs and concentrate on narcissistic insults from "Alex" Baldwin.
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Riiiiight
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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.
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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
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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.
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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."
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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
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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.
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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’
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The U.S. is facing some epic trade imbalances, and the EU thinks Trump is stoopid.
Who's zooming who?
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CBS News: Trump tariffs exempt Canada and Mexico
So, who exactly are the top 10 countries that the US imports steel from?:
The top 2 exporters of steel to the US are...Canada and Mexico....who are exempt from the new tariffs.
And where does China, who Trump claims is taking away American steel jobs, rank?
11th. And outside the top 10 sources, U.S. imports from 11th-ranked China actually went down 5% in 2017.
So, what exactly do these tariffs actually accomplish?
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So what are the other countries tariffs rates, especially Canada and Mexico?
WSS
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So what are the other countries tariffs rates, especially Canada and Mexico?
WSS
So what are the other countries tariffs rates, especially Canada and Mexico?
WSS
I’ll bet they are higher than the US tariffs.
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Good New for Ohio locally :
Republic Steel was once the third largest steel producer in the United States. It was founded as the Republic Iron and Steel Company in Youngstown, Ohio in 1899. After rising to prominence during the early 20th Century, Republic suffered heavy economic losses and was eventually bought out before re-emerging in the early 2000s as a subsidiary. The company currently manufactures Special Bar Quality (SBQ) steel bars and employs around 2,000 people. It is currently owned by Grupo Simec, based in Guadalajara, Mexico.
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