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 c0lo on Saturday March 03 2018, @03:20AM (2 children)
You know that the creditors can shut their purse up. Sure, go ahead, print worthless paper.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Touché) by deimtee on Saturday March 03 2018, @04:56AM (1 child)
Somebody* should tell Trump that while they sold the right to print money to the private bankers who own the Federal Reserve, he still retains the power to mint coin and that there is no limit on the face value of coins. He can mint a hundred coins with a face value of a trillion dollars each and pay off the debt if he wants.
(*'somebody' here means an anarchist who wants to watch as the world burns, set to the music of screaming economists.)
If you cough while drinking cheap red wine it really cleans out your sinuses.
(Score: 2) by fritsd on Saturday March 03 2018, @12:37PM
Well.. I can imagine Trump agrees with the first half of your proposal, at least... is that good enough?
I had this picture in my mind: Trump goes swimming [wikipedia.org]