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follow zzyzzx 2018 Mar 1, 9:58am
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WASHINGTON, March 1 (Reuters) - U.S. President Donald Trump said on Thursday the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week.
If a trade war breaks out, all sides end up losing.
Nope. When you lose your #1 Customer, YOU have the problem. America can only gain jobs. In the short term, any short fall can be met by Indian Factories, they'd be glad of the work.
Does India have excess capacity? They are now the fastest growing economy, and will need a lot of steel and basic materials.
We could simply restore and expand ours.
America can only gain jobs
Maybe we can make 95% of it, and toss 5% to the rest of the world as a nice bit of scrap.
said Bob Miller, chief executive of NLMK USA, a Russian-owned steel producer
LOl liberals now quoting Russians-nothing changed-pee pee dossier is true-impeach him now!!!!!!!
truth is stranger than fiction!!!!!!!!
Our glory days for steel are done - finished - not coming back anywhere near to where is was - ever, even in case of a new world war.
Granite City Works has two blast furnaces. Both plants and its steel-making facilities were idled in December 2015. The company idled its hot strip mill in January 2016. The hot strip mill was restarted in February 2017.
Want to try shipbuilding ?
So US should invest more in infrastructures and education, and finance this by taxing more, reducing the deficit. And also raise rates to reduce debts, even at the price of less growth.
Trump signs aluminum and steel tariff order that will take effect this month – but EVERY country on earth will be invited to negotiate exemptions from 'flexible' policyNew tariffs of 25 per cent on imported steel and 10 per cent on aluminum will go into effect in 15 days, but Canada and Mexico will be spared from the startEvery other nation that has a 'security relationship' with the U.S. will be able to petition for exemptionsSenior official said earlier in the day that talk of retail price hikes because of raw material costs is just 'fake news'Confusion reigned overnight in Washington with competing news outlets reporting that Thursday tariff signing was on, then off – or perhaps a maybeTrump tweeted cryptically about a 'meeting' on Thursday, not a signing event, but the White House held the ceremony on scheduleRepublicans in Congress had warned the president about economic consequences of a trade war, leaving him unsure about following through