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: 2) by Runaway1956 on Saturday March 03 2018, @02:57AM (1 child)
I've seen almost that exact thing, in practice. Take a load of Wisconsin cheese to California, unload it onto a dock with a conveyor belt. Workers along that belt take the 5 pound blocks of cheese out of the boxes, then put them into new boxes. The new boxes assert the cheese to be genuine California cheese. Pallets of cheese were unloaded, broken down, and put on the processing line, repacked, then loaded onto trucks waiting on the other end of the line. Individual blocks of cheese may be inside of the repackaging facility for an hour or less. The average was almost certainly less than three hours.
(Score: 0) by Anonymous Coward on Saturday March 03 2018, @07:42AM
Yeah, we know, Runaway. Were you wearing an onion on your belt, as was the fashion at the time?