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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.
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(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