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In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
breitbart ^ | JOHN CARNEY

Posted on 03/08/2018 1:39:35 PM PST by davikkm

President Donald Trump on Thursday will sign formal proclamations imposing tariffs aimed at defending America’s steel and aluminum industries from foreign imports. The tariffs are an “iron clad” measure aimed at defending industries vital to U.S. national security, a senior administration official said.

The orders impose a sweeping tariff of 25 percent on steel imports and 10 percent on aluminum imports. They will initially apply to all countries that export the commodities to the U.S. apart from Canada and Mexico, which will be granted a temporary reprieve while negotiations over the North American Free Trade Agreement (NAFTA) continue.

“Canada and Mexico initially will not pay those tariffs,” the senior administration official said.

The exemption for Canada and Mexico, however, will not be permanent or “open-ended,” according to Trump administration official. It is intended to regconize that the U.S. has what administration officials call a “security relationship” with each of Mexico and Canada and to give those two countries time to reach agreements on how to adjust their trading relationships with the U.S. to address the threat to America’s steel and aluminum industry.

For all other countries, the tariffs will begin to be applied in 15-days.

(Excerpt) Read more at breitbart.com ...


TOPICS: Government; News/Current Events
KEYWORDS:

1 posted on 03/08/2018 1:39:35 PM PST by davikkm
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To: davikkm

For the first time in my young life, we have a President that actually loves America.

This is truly beautiful.


2 posted on 03/08/2018 1:40:11 PM PST by davikkm
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To: davikkm
And, BAM!!

SuperDon saves America.

3 posted on 03/08/2018 1:45:44 PM PST by Regulator (Batman Came From Gotham Too)
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To: davikkm

Trump has been talking about this since the 80s. This was something he wanted to change long before he announced he would run for President.

No difference between what Donald Trump told Oprah back then and what Trump believes today.

And he fulfilled another campaign promise.


4 posted on 03/08/2018 1:46:22 PM PST by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Forever))
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To: davikkm

Its funny that CNBC and Bloomberg are outraged at tarifs. And say that there is going to be a trade war because of these tarifs. Then they point out that the other countries already have higher tariffs on our goods now. I contend that not defending your country against tariffs only invite more and higher tariffs. So, countries who are not afraid of us will levy their own tariffs. But people who are afraid that Trump will do what he says, are likely to remove their tariffs on our exports. In other words, not strongly defending your tariffs is worse than defending them.


5 posted on 03/08/2018 1:50:29 PM PST by poinq
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To: davikkm

How can America remain a global superpower if we are not self sufficient in the industries required to maintain that status? Most of the bad actors in the world have difficulty feeding themselves. Do they really want to cut their own throats to maintain the current imbalances and unfair trade policies they now enjoy should we choose to sell our surplus foodstuffs elsewhere in retaliation?


6 posted on 03/08/2018 1:50:37 PM PST by vigilence (Vigilence)
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To: vigilence

We were allies of Japan in the 1920s, imagine if we had leveraged our steel-making to Japan in that period.


7 posted on 03/08/2018 1:51:58 PM PST by dfwgator
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To: vigilence

Trump made the point that if foreign companies don’t want to pay the tariff, they can open plants here and hire American workers and they don’t have to pay a tax.

America is open for business.


8 posted on 03/08/2018 1:53:24 PM PST by goldstategop ((In Memory Of A Dearly Beloved Friend Who Lives In My Forever))
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To: goldstategop

And instantly, US Steel announces they will reopen a plant in IL and 500 workers will have jobs as a direct result of Trump’s actions.

Yet my dumbass IL congresswoman tweets about scandals. I am going to hammer her every time and I hope others do the same when our representatives have troulbe separating fact from fiction.


9 posted on 03/08/2018 2:02:04 PM PST by bigbob (Trust Trump. Trust Sessions. The Great Awakening is at hand...MAGA!)
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To: davikkm

Well I know what Mark Levin is going to be ranting and raving and coughing and choking about tonight. Think I’ll go walk the dogs.


10 posted on 03/08/2018 2:05:13 PM PST by chris37 (Laws don’t prevent criminals from committing crimes. Guns prevent criminals from committing crimes.)
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To: goldstategop

He has also made it clear that if you want to “work on your trade deal” with the U.S. to make it more fair, he will wave the tariff and negotiate with you. (Canada and Mexico are exempt from the tariff...they are Negotiating on NAFTA.)


11 posted on 03/08/2018 2:18:17 PM PST by ThePatriotsFlag (We are getting even more than we voted for.)
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To: chris37

ROFL


12 posted on 03/08/2018 2:39:34 PM PST by Extremely Extreme Extremist (If the illegal immigration issue were Social Security, it'd be privatized by now.)
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To: davikkm

One of the main purposes of the Constitution was to prevent the sovereign states from imposing tariffs and other trade barriers against each other, so if a factory moves from, say, Illinois to Alabama, Illinois can’t impose retaliatory measures against Alabama.

The Framers knew that this would be bad for everyone involved. Yet, somehow, it’s supposed to be beneficial when we do it as a nation.


13 posted on 03/08/2018 2:52:16 PM PST by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: goldstategop

#8 That would be the best deal of all.
I just hope the stock market doesn’t tank.
The news at https://finance.yahoo.com hardly mentions the tariffs other then this:

Trump takes the sting out of his tariffs
https://finance.yahoo.com/news/trump-takes-sting-tariffs-202014234.html


14 posted on 03/08/2018 3:34:19 PM PST by minnesota_bound
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To: goldstategop
"Trump made the point that if foreign companies don’t want to pay the tariff, they can open plants here and hire American workers and they don’t have to pay a tax."

I couldn't see any other reason for the tariff. Lower energy prices might make it cheaper to make steel here.
15 posted on 03/08/2018 5:15:27 PM PST by clearcarbon
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