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Trump Administration Announces Plans to Hit EU With Steel and Aluminum Tariffs
Posted on 5/30/18 at 4:24 pm
Posted on 5/30/18 at 4:24 pm
quote:
WALL STREET JOURNAL
U.S. Plans to Hit EU With Steel, Aluminum Tariffs
The move, which has been threatened for months, is almost certain to draw a response from the EU
By William Mauldin, Bojan Pancevski and Vivian Salama
May 30, 2018 4:59 p.m. ET
WASHINGTON—The Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on a threat to apply tariffs on European steel and aluminum, according to people familiar with the matter.
The administration is expected to make an announcement as early as Thursday.
The move, which has been threatened for months, is almost certain to draw a response from the EU, which has threatened to retaliate with its own tariffs on such American products as motorcycles, jeans and bourbon.
President Donald Trump announced in March global tariffs of 25% on imported steel, and 10% on aluminum, based on national security concerns. The White House delayed implementation for some countries, giving those trading partners a chance to offer concessions to avoid the tariffs.
LINK
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Posted on 5/30/18 at 4:26 pm to NC_Tigah
you can only win at the negotiating table if you are willing to follow through with your threats
damn, I love this President!
damn, I love this President!
Posted on 5/30/18 at 4:26 pm to NC_Tigah
Posted on 5/30/18 at 4:26 pm to NC_Tigah
quote:
the EU, which has threatened to retaliate with its own tariffs on such American products as motorcycles, jeans and bourbon.
British hipsters are gonna be fricking pissed
Posted on 5/30/18 at 4:27 pm to NC_Tigah
Awesome. But will this cause Kudlow to resign?
Posted on 5/30/18 at 4:29 pm to NC_Tigah
Would be huge for a number of important states and a hit for certain states like Louisiana due to our Port business. Quite honestly the Port business in Louisiana needs to be reexamined anyway and this would force it into operating more aggressively.
Posted on 5/30/18 at 4:29 pm to NC_Tigah
Trump telling Soros frick off.
Posted on 5/30/18 at 4:30 pm to NC_Tigah
In 3 weeks:
BREAKING NEWS:
EU gets on board with Trump, ends Iran deal.
UNRELATED NEWS:
Trump walks back potential steel and aluminum tariffs.
BREAKING NEWS:
EU gets on board with Trump, ends Iran deal.
UNRELATED NEWS:
Trump walks back potential steel and aluminum tariffs.
Posted on 5/30/18 at 4:36 pm to NC_Tigah
Cracks me up that republicans are now pro tariffs 
Posted on 5/30/18 at 4:39 pm to bmy
Study your history
Republicans were the party of tariffs from 1854 to around 1960
Republicans were the party of tariffs from 1854 to around 1960
Posted on 5/30/18 at 4:45 pm to HailHailtoMichigan!
quote:
Republicans were the party of tariffs from 1854 to around 1960
Another party was different until around that time as well. Coincidences
Posted on 5/30/18 at 4:47 pm to bmy
quote:
Cracks me up that republicans are now pro tariffs
pro using the tools at your disposal is not exactly pro tariff
Posted on 5/30/18 at 4:47 pm to Montezuma
every republican from Reagan to present has used tariffs
Posted on 5/30/18 at 4:48 pm to NC_Tigah
quote:lol yeah, no duh.
The move, which has been threatened for months, is almost certain to draw a response from the EU
Posted on 5/30/18 at 5:00 pm to Lsujacket66
quote:
Cracks me up that republicans are now pro tariffs
Anyone who actually practices economics and deals with real macro functions and not pure, controlled scenario theory understands that if someone unfairly subsidizes or gives advantages to a certain industry and makes you less competitive artificially that the correct economic answer is to equally match it.
Don't get me wrong, I love Friedman/Ricardo tariff theories and completely agree but unless you have the skill set required to understand that conversation it's most likely going way over your head and every time you open your mouth you come off as a fcking moron.
This post was edited on 5/30/18 at 5:02 pm
Posted on 5/30/18 at 5:29 pm to BaylorTiger
quote:
the correct economic answer is to equally match it
no the correct answer is to seek an effective means to achieve a stable nash where both parties keep tariffs low or zero.
==> multiparty agreement with third-party adjudication/enforcement mechanism is best tool by far, if this is indeed your actual goal, rather than protecting some domestic special interest
Posted on 5/30/18 at 5:31 pm to NC_Tigah
quote:
draw a response from the EU
The EU is a disunified and crumbling mess on the verge of total failure.
Posted on 5/30/18 at 6:50 pm to MrLSU
quote:What does "operating more aggressively" mean?
force it into operating more aggressively.
Posted on 5/31/18 at 9:21 am to NC_Tigah
Bump
Just announced trump hitting EU, Mexico, and canada starting Friday.
Can’t link it but just breaking via The Hill.
Just announced trump hitting EU, Mexico, and canada starting Friday.
Can’t link it but just breaking via The Hill.
Posted on 5/31/18 at 9:22 am to NC_Tigah
quote:
The move, which has been threatened for months, is almost certain to draw a response from the EU
Ya think
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