President Trump announces new tariffs: 25% for steel, 10% for aluminum

[sealybobo]

Again:
In greater detail, let’s summarize the outcomes from protectionist trade policy in the form of steel tariffs: 1) Domestic steelmakers will win with higher steel prices, higher profits and share prices (U.S. Steel’s stock has nearly doubled since January 1), and greater market share, but 2) Domestic steel-using manufacturers will lose because of higher input prices, lower profits, and possibly reduced sales and market share) and 3) Millions of American consumers and businesses will lose when they now pay higher prices for everything that contains steel, including cars, appliances, tractors, tools, construction materials, wind turbines, forklifts, pipelines, and airplanes.

US steel tariffs: A case study in protectionism, economic losses on net, and 'legal plunder' - AEI

That's what the Free Traders said back in the 80s.


Their policy did not give US the results promised.


Time to admit failure and move on.

Trump asked Michigan, WI & PA what they had to lose by voting for him. How about Harley Davidson?

Harley-Davidson says it plans to move production of motorcycles it sells in Europe overseas in response to growing trade friction between the United States and Europe.

European officials last week imposed stiff tariffs on a wide range of U.S.-made goods sold within the European Union. The response came to President Trump's recent decision to slap tariffs on European imports.

In a Securities and Exchange Commission filing Monday, Harley-Davidson said the tariffs imposed by the EU "would have an immediate and lasting detrimental impact to its business in the region."

The company reported $5.65 billion in revenues last year and Europe is its largest overseas market, with almost 40,000 customers buying motorcycles there in 2017.

The European tariffs have jumped from 6 percent to 31 percent, the company said. That increase will add on average $2,200 to the cost of each motorcycle sold in the EU, and would cost the company $90 million to $100 million a year, the filing said.

"Increasing international production to alleviate the EU tariff burden is not the company's preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe," the filing said.

The company did not say where production would be shifted, or how many jobs might be affected, but said the move would take nine to 18 months to complete.

It also did not say which U.S. factories would be affected. The company's U.S. factories are in York, Pa.; Kansas City, Mo., and Menomonee Falls, Wis.

'MAGA'.....not 'MMGA', 'WPGA', 'WWGA'...


Despite all of your whining, crying, and fear-mongering, thanks to President Trump we have:

The best economy in decades...even in Michigan, Wi, and Pa

The lowest unemployment in decades

More full-time jobs, raises, and bonuses

Fewer Americans enrolled in Welfare, Unemployment, and Food Stamps

A record stock market

Home values have increased

Trump's job approval rating is higher than Obama's and Reagan's

....and we do NOT have for a President a proven felon who compromised national security for her own benefit, Obstructed justice, lied to the FBI, was under 2 (TWO) FBI investigations just days before the election for crimes she DID commit (to include Espionage), rigged primaries, cheated in debates, engaged in election fraud during the primaries, violated Election Campaign laws, broke Campaign Finance Laws, still failed to win her party's nomination, treasonously collaborated with and paid foreign spies and Russians for a debunked / unproven document she illegally used in a US election and which she gave to the FBI who helped her and Obama orchestrate a Conspiracy designed to keep the opposing political party's candidate from winning and to commit treason by removing the newly elected President from office if he should win......

Hey look it's you

Every day...every hour...almost every minute, a snowflake somewhere, faced with undeniable fact supported by evidence, left unarmed and outmatched in a battle of Intelligence in a debate, turns to insults, attacks, and accuses others of doing what THEY have been proven to have done and of being who they have proven thet are.....

It's truly sad....especially as often as it happens.

That's because you are just repeating Trump's lies. Let me give you an example. Before Trump was POTUS, the unemployment number was fake. Once he took office he said, "the numbers are real now".

You're a loser, and Trump appeals to losers. I get it. Either that or your rich and trying to con us middle class people. Is that it? Then you're a loser. A loser or a liar. Pick one.

 

[sealybobo]

Yeah, being the strogest economy in the world for decades has really sucked!

View attachment 201061

Poor snowflake....hasn't seen the sun for 10 years and having to rely on what he is told by liberals.

You should REALLY conduct your own personal 'cranal-anal-ectomy' and check things out for yourself rather than keep listening to and parroting liberals.

Wow, somehow you inane posts are just as devoid of content when they have 30 words as when they have 3000...that's quite a feat,you crybaby ...

He is a dumb bastard isn't he?

 

[cnm]

Trump stands for the American worker.

And against the American soy and sorghum farmer.

 

[Wickerthing]

Trump stands for the American worker.

And against the American soy and sorghum farmer.

Any economist worth his salt knows that tariffs are inflationary and that it hurts the working man/woman the hardest because, as in the case of china, cheap goods that the working folks count on will rise in price across the board. Just as the Tax giveaway to himself will be borne by the poor and working class through cuts to the programs they depend on to keep their heads above water. It's already well underway with cuts to food stamps, propose soc sec cuts, medicare/medicaid and expansion etc. Those who thought the tax bill would be helpful are in for a rude awakening.

 

[Bush92]

Trump stands for the American worker.

And against the American soy and sorghum farmer.

Any economist worth his salt knows that tariffs are inflationary and that it hurts the working man/woman the hardest because, as in the case of china, cheap goods that the working folks count on will rise in price across the board. Just as the Tax giveaway to himself will be borne by the poor and working class through cuts to the programs they depend on to keep their heads above water. It's already well underway with cuts to food stamps, propose soc sec cuts, medicare/medicaid and expansion etc. Those who thought the tax bill would be helpful are in for a rude awakening.

These are the same idiots that supported NAFTA as well as exporting job to China as well. These economists do not understand that what is good for Wall Street...isn’t always good for Main Street.

 

[ABikerSailor]

Know another industry that is getting hit hard right now? Recycling. There are lots of waste recycle plants that send their material to China to be repurposed.

Now? China isn't taking as much as they used to (some reports say sales are down 60 percent), and if they do, it's got to be a lot cleaner than it used to be.

U.S. Recycling Woes Pile Up as China Escalates Ban

Tens of thousands of tons of recyclables have been diverted to U.S. landfills in recent months as the reality of China’s new ban on certain types of imported waste takes hold.


The ban, which went into effect Jan. 1, covers imports of 24 types of solid waste, including unsorted paper and the difficult-to-recycle types of plastic, including polyethylene terephthalate (PET), commonly used in plastic bottles.


And China’s import restrictions become even tighter March 1, increasing the sense of urgency U.S. recyclers feel to find new outlets for their products. At the same time, some industry officials say the situation could be a blessing in disguise if it eventually prods the U.S. toward processing more of its own recycling.


“What we’re seeing now is really unprecedented,” said Julie Miller, a spokeswoman for the Oregon Department of Environmental Quality (DEQ).

 

[Wickerthing]

Trump stands for the American worker.

And against the American soy and sorghum farmer.

Any economist worth his salt knows that tariffs are inflationary and that it hurts the working man/woman the hardest because, as in the case of china, cheap goods that the working folks count on will rise in price across the board. Just as the Tax giveaway to himself will be borne by the poor and working class through cuts to the programs they depend on to keep their heads above water. It's already well underway with cuts to food stamps, propose soc sec cuts, medicare/medicaid and expansion etc. Those who thought the tax bill would be helpful are in for a rude awakening.

These are the same idiots that supported NAFTA as well as exporting job to China as well. These economists do not understand that what is good for Wall Street...isn’t always good for Main Street.

Trump stands for Trump. For you to believe he actually cares about the middle class tells me why you were dumb enough to vote for that tool.

 

[Bush92]

Trump stands for the American worker.

And against the American soy and sorghum farmer.

Any economist worth his salt knows that tariffs are inflationary and that it hurts the working man/woman the hardest because, as in the case of china, cheap goods that the working folks count on will rise in price across the board. Just as the Tax giveaway to himself will be borne by the poor and working class through cuts to the programs they depend on to keep their heads above water. It's already well underway with cuts to food stamps, propose soc sec cuts, medicare/medicaid and expansion etc. Those who thought the tax bill would be helpful are in for a rude awakening.

These are the same idiots that supported NAFTA as well as exporting job to China as well. These economists do not understand that what is good for Wall Street...isn’t always good for Main Street.

Trump stands for Trump. For you to believe he actually cares about the middle class tells me why you were dumb enough to vote for that tool.

He stands for communities hurt by globalization.
Is Wal-Mart Good for America?

 

[basquebromance]

Trump is not smart.

he doesn't understand the nuances of policy.

he's been bankrupt 6 times.

he's literally giving you the middle finger with an incoherent trade policy.

 

[Bush92]

Trump stands for forgotten worker. Do plant closures hurt...hell yes...
Company Towns, After The Company Leaves Town

 

[Fort Fun Indiana]

These are the same idiots that supported NAFTA

More Republicans than Democrats supported NAFTA, professor:

History lesson: More Republicans than Democrats supported NAFTA


Do you just kind of say whatever sounds good, and then hope nobody will check?

 

[Bush92]

Trump stands for working class
What Happens When Factories Close and Leave Ghost Towns in Their Wake - CityLab

 

[Bush92]

These are the same idiots that supported NAFTA

More Republicans than Democrats supported NAFTA, professor:

History lesson: More Republicans than Democrats supported NAFTA


Do you just kind of say whatever sounds good, and then hope nobody will check?

Who gives a fuck...Trump is POTUS now.

 

[Bush92]

Massive job losses due to unfair trade and foreign tariffs.
The U.S. has lost 5 million manufacturing jobs since 2000

 

[cnm]

Trump stands for working class

That's why he has his products made in China and Mexico, etc.

 

[cnm]

The U.S. has lost 5 million manufacturing jobs since 2000

To China and Mexico? Whoever would have thought?

 

[Bush92]

Trump stands for working class

That's why he has his products made in China and Mexico, etc.

That’s why he won Pennsylvania, Ohio, Michigan, Wisconsin, West Virginia and yes Iowa.

 

[Bush92]

The U.S. has lost 5 million manufacturing jobs since 2000

To China and Mexico? Whoever would have thought?

Where the fuck is supposed to...they got all our manufacturing jobs. Duh.

 

[Fort Fun Indiana]

Who gives a fuck...T

Obviously you....you literally just brought it up...you are one odd little man, indeed....

 

[Fort Fun Indiana]

That’s why he won Pennsylvania, Ohio, Michigan, Wisconsin, West Virginia and yes Iowa.

As 8t turns out, some people got fooled.