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from the so-now-our-cars-and-buildings-will-all-cost-more dept.
US steel and aluminium imports face big tariffs, Trump says
President Donald Trump has said he will sign off on steep tariffs on steel and aluminium imports next week, hitting producers like Canada and China.
Flanked by US metals executives at the White House, he said a 25% tariff would be slapped on steel products, and a 10% tariff would be imposed on aluminium.
Mr Trump tweeted that the US was suffering from "unfair trade".
The US imports four times more steel than it exports, and is reliant on steel from more than 100 nations.
Related: U.S. Quintuples Taxes on Chinese Cold-Rolled Flat Steel
China to Cut Steel and Coal Production
Trump Administration Finalizes 300% Import Tariff on Bombardier Jets From Canada
US Government Puts Tariffs on Imported Solar Cells, Solar Modules, and Washing Machines
(Score: 2) by takyon on Friday March 02 2018, @10:41PM (6 children)
E.U. Leader Threatens to Retaliate With Tariffs on Bourbon and Bluejeans [nytimes.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 1, Informative) by Anonymous Coward on Friday March 02 2018, @11:11PM
Junker is drunk again. [theguardian.com] Literally [twitter.com]
(Score: 1, Informative) by Anonymous Coward on Friday March 02 2018, @11:16PM (1 child)
There can be a war even if your side isn't doing any fighting. We call this "losing" or "surrender".
The trade war started about the time Nixon decided that Red China was the real China, kissing Mao's ass and telling Taiwan they weren't a country. It got much worse when we were dumb enough to grant China the trade status of Most Favored Nation, and when we let them dishonestly join the World Trade Organization.
We've been like pacifists who agreed to a duel. We're getting slaughtered. Refusal to fight will not make the fighting stop.
(Score: 2, Disagree) by c0lo on Friday March 02 2018, @11:25PM
From the "When shooting yourself in the foot is fighting" saga.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2, Insightful) by Anonymous Coward on Friday March 02 2018, @11:54PM (1 child)
Too bad our bluejeans are all made in mexico and china these days. They packed up the factories long ago and moved them there. I have seen people working on machines that were built in the US and shipped from North Carolina jean factories to mexico. It is an empty gesture. Much like dick sporting goods banning the ar-15 again (like they did in 2012).
(Score: 2) by Runaway1956 on Saturday March 03 2018, @02:45AM
You forgot Africa. https://www.cbsnews.com/news/jean-factory-toxic-waste-plagues-lesotho/ [cbsnews.com]
(Score: 0) by Anonymous Coward on Saturday March 03 2018, @01:33AM
https://www.wsj.com/articles/obama-front-runs-trump-on-china-1463677249 [wsj.com]
yep totally begun they have. /sarc
This shit has been going on for longer than any of us have been alive. In fact the US gov used to sustain itself on tarrifs.