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Thread: Trumpís steel and aluminum tariffs have angered nearly every US industry

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    Default Trumpís steel and aluminum tariffs have angered nearly every US industry

    Trumpís steel and aluminum tariffs have angered nearly every US industry

    Retailers, carmakers, brewers ó the list goes on.

    The stock market dip reflects the enormous impact that a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum will have on the economy. That's because so many American industries need steel and aluminum: Theyíre used to build cars, skyscrapers, roads, bridges, washing machines, refrigerators, and a whole host of other products. More expensive steel and aluminum means higher costs for the American businesses that make these products ó higher costs that will likely get passed on to consumers.

    Trade groups and businesses didn't wait long to slam the president's decision. Some of the country's most influential industry groups warned that the tariffs would hurt more than a company's bottom line:

    1 Mar

    MillerCoors

    @MillerCoors
    Replying to @MillerCoors
    Like most brewers, we are selling an increasing amount of our beers in aluminum cans, and this action will cause aluminum prices to rise. It is likely to lead to job losses across the beer industry. (2/3)


    MillerCoors

    @MillerCoors
    We buy as much domestic can sheet aluminum as is available, however, there simply isnít enough supply to satisfy the demands of American beverage makers like us. American workers and American consumers will suffer as a result of
    this misguided tariff. (3/3)

    3:47 PM - Mar 1, 2018


    Check in at the link and read Trump's tweets.

    https://www.vox.com/policy-and-polit...ffs-businesses

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    I suggest an oil tariff next. And a coal tariff.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Yet the EU imposed tariffs on Chinese steel back in 2016.

    https://www.theguardian.com/business...rt-talbot-tata
    In rejecting their view [Spinoza, Leibnitz and Hegel], as I shall contend that we must, we are committing ourselves to the opinion that ďtruthĒ in empirical material has a meaning different from that which it bears in logic and mathematics.Ē

    Bertrand Russell, ďAn Inquiry Into Meaning & TruthĒ (1940)

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    Going to raise the cost of beer. Unacceptable


    https://m.youtube.com/watch?v=tf5YjALApUU

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    Quote Originally Posted by Jet fuel < steel beams View Post
    I suggest an oil tariff next. And a coal tariff.
    Don't bother with oil.. Domestic oil has always cost more than the OPEC price basket.

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    Quote Originally Posted by Havana Moon View Post
    Yet the EU imposed tariffs on Chinese steel back in 2016.

    https://www.theguardian.com/business...rt-talbot-tata


    US car dealers: “These proposed tariffs on steel and aluminum imports couldn’t come at a worse time,” Cody Lusk, president of the American International Automobile Dealers Association, said in a statement. “Auto sales have flattened in recent months, and manufacturers are not prepared to absorb a sharp increase in the cost to build cars and trucks in America. The burden of these tariffs, as always, will be passed on to the American consumer."


    Auto manufacturers: “We are concerned with the unintended consequences the proposals would have, particularly that it will lead to higher prices for steel and aluminum here in the United States, compared to the price paid by our global competitors," Matt Blunt, president of the American Automotive Policy Council, said in a statement. “This would place the U.S. automotive industry, which supports more than 7 million American jobs, at a competitive disadvantage.”

    “The President’s pending decision on tariffs and quotas for steel and aluminum trade highlights several unfortunate ironies,” John Bozzella, president of the Association of Global Automakers, said in a statement. “With one stroke of the pen, much of the promised benefit of tax reform and other Administration initiatives aimed at reviving manufacturing and protecting national security could be undercut.”

    Boat manufacturers: “The implementation of these aluminum tariffs ... will drive up the costs of the aluminum used to manufacture more than 111,000 aluminum boats, such as pontoons and fishing boats, which make up 43 percent of new powerboat sales each year," Thom Dammrich, president of the National Marine Manufacturers Association, said in a statement. "Further harming the industry, the aluminum sheet our members are forced to source overseas will likely continue to be in short supply in the U.S., destroying our members’ ability to build boats in the U.S. As a result, the jobs of the American workers who build these boats, their engines and components, are now in jeopardy.”

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    Quote Originally Posted by Havana Moon View Post
    Yet the EU imposed tariffs on Chinese steel back in 2016.

    https://www.theguardian.com/business...rt-talbot-tata

    Did they put a tariff on Canadian steel?
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Jet fuel < steel beams View Post
    Did they put a tariff on Canadian steel?
    No but they should put an arsehole tariff on Trudeau though!
    In rejecting their view [Spinoza, Leibnitz and Hegel], as I shall contend that we must, we are committing ourselves to the opinion that ďtruthĒ in empirical material has a meaning different from that which it bears in logic and mathematics.Ē

    Bertrand Russell, ďAn Inquiry Into Meaning & TruthĒ (1940)

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    Sorry people, if Trump did it, it is right. You just do not understand the real game like that international politician Trump does. Any criticism of Trump, is Trump hating. You just do not like him,. But Trump cannot be wrong.If only the left and center could understand.

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    Quote Originally Posted by Havana Moon View Post
    No but they should put an arsehole tariff on Trudeau though!
    Subject dodged.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Nordberg View Post
    Sorry people, if Trump did it, it is right. You just do not understand the real game like that international politician Trump does. Any criticism of Trump, is Trump hating. You just do not like him,. But Trump cannot be wrong.If only the left and center could understand.
    Trump's friend and adviser, Carl Ichan, dumped millions in steel stocks just before Trump announced his tariffs on steel.

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    Quote Originally Posted by Jet fuel < steel beams View Post
    Subject dodged.
    Canada and the EU, after seven tortuous years, have negotiated the CETA trade agreement which includes steel.

    Sent from my Lenovo K8 using Tapatalk
    In rejecting their view [Spinoza, Leibnitz and Hegel], as I shall contend that we must, we are committing ourselves to the opinion that ďtruthĒ in empirical material has a meaning different from that which it bears in logic and mathematics.Ē

    Bertrand Russell, ďAn Inquiry Into Meaning & TruthĒ (1940)

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    Quote Originally Posted by Havana Moon View Post
    Canada and the EU, after seven tortuous years, have negotiated the CETA trade agreement which includes steel.

    Sent from my Lenovo K8 using Tapatalk
    Ever heard of NAFTA?
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Havana Moon View Post
    Canada and the EU, after seven tortuous years, have negotiated the CETA trade agreement which includes steel.

    Sent from my Lenovo K8 using Tapatalk

    Billionaire Carl Icahn dumps $31 million in steel-related stocks before White House tariff talks



    http://www.latimes.com/business/la-f...302-story.html

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