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Trump imposing tariffs on all steel, aluminum imports; exempts Mexico and Canada for now
Posted on 3/8/18 at 2:24 pm
Posted on 3/8/18 at 2:24 pm
LINK
quote:
President Trump is signing an order Thursday that imposes tariffs on steel and aluminum imports from all foreign countries, while carving out an exception for Canada and Mexico for now while NAFTA negotiations are underway, White House officials told Fox News.
The administration is placing a 25 percent tariff on all steel, and 10 percent on aluminum across the board.
“We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military,” the president tweeted early Thursday.
9
Posted on 3/8/18 at 2:25 pm to WPBTiger
Posted on 3/8/18 at 2:28 pm to WPBTiger
I’m wondering when he imposes them on Mexico and Canada for them being used as a pass-through by countries such as China to evade tariffs.
Posted on 3/8/18 at 2:28 pm to OMLandshark
National security.
Posted on 3/8/18 at 2:29 pm to teke184
quote:
I’m wondering when he imposes them on Mexico and Canada for them being used as a pass-through by countries such as China to evade tariffs.
All in good time.
Posted on 3/8/18 at 2:30 pm to GumboPot
quote:
National security.
if that were the actual reason for the tariff, he wouldn't be using it as a bargaining chip by offering to exempt the largest and 4th largest foreign supplier of our steel
Posted on 3/8/18 at 2:32 pm to WPBTiger
of course he is. mainly because people told him he shouldn't. 
Posted on 3/8/18 at 2:35 pm to 90proofprofessional
quote:
if that were the actual reason for the tariff, he wouldn't be using it as a bargaining chip by offering to exempt the largest and 4th largest foreign supplier of our steel
It's a NAFTA play. I don't quite understand it but I'm confident it has something to do with the current NAFTA negotiations.
ETA: or he wants to make Make Mexico and Canada Great Again b/c with the current structure of NAFTA the tariffs will be ineffective.
This post was edited on 3/8/18 at 2:37 pm
Posted on 3/8/18 at 2:36 pm to GumboPot
So punishing our largest trading partner (EU) is a NAFTA play? This will not go over well. I don't know if you have seen how they are treating the UK in brexit talks. They don't seem to be in a mood to frick around.
Posted on 3/8/18 at 2:38 pm to Usafgiles
quote:
So punishing our largest trading partner (EU) is a NAFTA play?
How much steel and aluminum do we get from European countries? Close the zero, right?
Posted on 3/8/18 at 2:38 pm to GumboPot
quote:
It's a NAFTA play.
i thought it was national security?
Posted on 3/8/18 at 2:39 pm to 90proofprofessional
quote:
i thought it was national security?
The exemptions.
Posted on 3/8/18 at 2:39 pm to teke184
quote:
I’m wondering when he imposes them on Mexico and Canada for them being used as a pass-through by countries such as China to evade tariffs.
This is the real issue.
Posted on 3/8/18 at 2:40 pm to WPBTiger
This is likely to be challenged at the WTO. It's giving preferential treatment to Canada and Mexico, while others that have most favored nation status with the US aren't receiving it. There has to be something else with these tariffs, and don't say national security--even though it has already been said.
Posted on 3/8/18 at 2:41 pm to GumboPot
quote:
The exemptions.
ah, so not for national security at all then
Posted on 3/8/18 at 2:41 pm to GumboPot
quote:No. Germany accounts for 3%, and I’m sure there are others in the in 22% that are no in the top 10 import nations. But beyond EU South Korea (10%), Japan (5%); Taiwan (4%) are also in the top 10.
How much steel and aluminum do we get from European countries? Close the zero, right?
This post was edited on 3/8/18 at 2:45 pm
Posted on 3/8/18 at 2:44 pm to buckeye_vol
The EU makes up close to 20% of US steel imports. Most of which originates in Germany.
Posted on 3/8/18 at 2:45 pm to BigJim
quote:The Fatal Flaw is of no concern. We're busy putting band-aids on boo boos.
I’m wondering when he imposes them on Mexico and Canada for them being used as a pass-through by countries such as China to evade tariffs.
Posted on 3/8/18 at 2:46 pm to 90proofprofessional
quote:
ah, so not for national security at all then
Both.
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