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posted by martyb on Friday March 02 2018, @10:29PM   Printer-friendly
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


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  • (Score: 2) by ilPapa on Saturday March 03 2018, @01:13AM (1 child)

    by ilPapa (2366) on Saturday March 03 2018, @01:13AM (#646751) Journal

    Oh no, there couldn't possibly be any insider trading going on.

    https://youtu.be/SjbPi00k_ME [youtu.be]

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    You are still welcome on my lawn.
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  • (Score: 0) by Anonymous Coward on Saturday March 03 2018, @02:21PM

    by Anonymous Coward on Saturday March 03 2018, @02:21PM (#647052)

    Add into this that American credit card debt is going up and up.
    Buying cheap foreign stuff and taking a loan out for it surely can’t help trade imbalances. Though the board of Walmart (among others) probably loves it while the charade lasts.
    Be glad you have your social programs and good Medicare to help you in your broke old age.