At last Tariffs On E.U., Canada, and Mexico


#1

Trump Administration Slaps Steel, Aluminum Tariffs On E.U., Canada, and Mexico
Ross said those exemptions had to be rescinded as negotiations “are taking longer than we hoped.” The new tariffs will go into effect on Friday.
“We take the view that without a strong economy, you can’t have strong national security,” Secretary of Commerce Wilbur Ross said as he announced the new policy in Paris. “The president’s overwhelming objective is to reduce our trade deficit.”
“We look forward to continued negotiations with Canada and Mexico on one hand and with the European Commission on the other hand as there are other issues we need to get resolved,” Ross told reporters.
Comments

The move caused the Dow to drop about 200 points over trade war-anxiety, but American steel and aluminum stocks rose slightly across the board.

The White House also on Tuesday imposed 25 percent tariffs on $50 billion worth of Chinese imports, which will kick in during the next month.


#2

Justin Trudeau has announced that Canada will impose $16.6 billion of new tariffs on US goods in response to Trump’s tariffs on Canadian steel and aluminum exports.


#3

Good lets get it on !


#4

Trump imposes tariffs on our closest allies because he can. There’s no reason. His out-of-control appetite for power will have a negative effect on the economy which he keeps insisting is doing so well. He may live to regret this move against our only friends.

Also…please work on making your posts more readable. Use the Enter key.


#5

Our closest allies have been screwing working Americans decades .


#6

Have some proof of that?


#7

Everyone’s a winner in a trade war right.


#8

NAFTA’s implementation has coincided with a 30% drop in manufacturing employment, from 17.7 million jobs at the end of 1993 to 12.3 million at the end of 2016.

We lost the work and we opened the borders to cheap entry level labor !
Today Mexico sells close to $60 billion more to the U.S. than it buys from its northern neighbor. NAFTA is an enormous and enormously complicated deal; looking at economic growth can lead to one conclusion, while looking at the balance of trade leads to another.

The partially union-funded Economic Policy Institute estimated in 2014 that 851,700 net jobs had been displaced by the U.S.‘s trade deficit with Mexico, which amounted to 0.6% of the U.S. labor force at the end of 2013. In a 2015 report, the Congressional Research Service (CRS) said that NAFTA “did not cause the huge job losses feared by the critics.” On the other hand, it allowed that “in some sectors, trade-related effects could have been more significant, especially in those industries that were more exposed to the removal of tariff and non-tariff trade barriers, such as the textile, apparel, automotive, and agriculture industries.”
Anecdotal evidence supports the idea that these jobs went to Mexico. Wages in Mexico are a fraction of what they are in the U.S. All major American car makers now have factories south of the border, and prior to Trump’s twitter campaign against offshoring, a few were openly planning to ship more jobs abroad. Yet while the job losses are tough to deny, they may be less severe than in a hypothetical NAFTA-less world.
Part of the justification for NAFTA was that it would reduce illegal immigration from Mexico to the U.S. The number of Mexican immigrants – of any legal status – living in the U.S. nearly doubled from 1980 to 1990, when it reached an unprecedented 4.3 million. Boosters argued that uniting the U.S. and Mexican markets would lead to gradual convergence in wages and living standards, reducing Mexicans’ motive to cross the Rio Grande. Mexico’s president at the time, Carlos Salinas de Gortiari, said the country would “export goods, not people.”

Instead the number of Mexican immigrants more than doubled – again – from 1990 to 2000, when it approached 9.2 million. According to Pew, the flow has reversed, at least temporarily: 140,000 more Mexicans left the U.S. than entered it from 2009 to 2014, likely due to the effects of the financial crisis. One reason NAFTA did not cause the expected reduction in immigration was the peso crisis of 1994-1995, which sent the Mexican economy into recession. Another is that reducing Mexican corn tariffs did not prompt Mexican corn farmers to plant other, more lucrative crops; it prompted them to give up farming. A third is that the Mexican government did not follow through with promised infrastructure investments, which largely confined the pact’s effects on manufacturing to the north of the country.


#9

Tariffs must be started on Japanese and Korean cars — and appliances- we cannot sell Chevys or Whirlpools there - but they flood our markets - TARIFFS WILL RESTART OUR DOMESTIC MANUFACTURING


#10

At midnight the failure of the World’s Greatest Deal Maker to make a deal with anybody in the world will result in new tariffs on many of our allies. Their retaliation will disproportionately hit Trump voters, who will probably applaud him as he blames the Democrats.


#11

Estimating the size and characteristics of the illegal alien population is an inexact science. Anyone claiming to have calculated a definitive number should be looked upon skeptically. There is no central database of illegal aliens. The Department of Homeland Security only counts those who enter and leave in a lawful manner. Those who evade immigration authorities or sneak across the border are not counted.

The estimated number if illegals in the US is 11-40 million. The question you ask yourself, if there are only 11 million illegals in the US why do businesses post both spanish and english in there stores? The media and left tout the 11 million as fact, the higher number is probably more accurate.


#12

How about that trade war Trump just started with our allies? How many US jobs do you think will be lost when our products are no longer in demand overseas because of trade tariffs? Trump pretends to be what you want so he can make money with China.


#13

What products do working Americans manufacture to sell to anyone allies or enemy ?
Toasters , computers , vacuums , plates, pants , shoes , underwear , TV , flat ware , coffee mug / cups we don’t make anything that we consume here !
Trade deadlines are piling up like the U.S. trade deficit, keeping nerves on edge about the simmering risks of an all-out trade war. A top-level delegation of Trump administration officials is meeting Chinese government representatives in Beijing to try to iron out some differences, but early signs aren’t promising. China has scaled back its imports of American-grown soybeans—one of the top American agricultural exports to that market—while the United States is pressing China to voluntarily adopt measures slashing the $375-billion deficit that the U.S. racked up in its dealings with China last year by $100 billion. Additionally, Washington already is imposing tariffs on products ranging from solar panels to washing machines to steel and aluminum from China and elsewhere. Beijing vows that it will match any U.S. tariffs tit for tat.https://www.kiplinger.com/article/business/T019-C000-S003-trade-deficit-forecast.html


#14

Our allies have lobbied their way into the swamp and screwed working Americans for fifty years .
Its past time for someone to stand up to the elitist establishment globalist scum and take a stand for working American manufactures and Americas working citizens .


#15

So we have a deficit in trade with Mexico of 71 billion a year and thats good???

We have a trade deficit with China of 375 billion a year and thats good?

A deficit with Germany of 69 Billion and that’s good?

A deficit with Japan of 65 billion and thats good?

Do you know the impact of deficit trading of this magnitude???


#16

President Trump has delivered on more campaign issues in less time then any other American President !
He not only talks the talk he walks the walk .


#17

Well then they may gloat in their own misery. :rofl:


#18

Trump promised to pay off the national debt in eight years, instead, it’s gone up over a trillion. While he was running around the country mouthing off as a candidate he said he’d have balanced budgets and that doing so was easy, lol. Now he’s in the big chair and getting his ass kicked.


#19

Clueless these democratic socialist are clueless .
Talk about trade deficit and they will bring up national debt !


#20

Gloat all the way to the bank !