Trump Reinstates Tariff on Canadian Aluminum
Source: Washington Post
The tariff, which could prompt retaliation from Canada, was imposed just one month after a new trade deal between the two countries went into effect.
President Trump announced Thursday that he was reimposing a 10 percent tariff on Canadian aluminum to help struggling American producers, a step that is likely to incite retaliation and worsen ties with Canada just one month after the countries new trade deal went into effect.
Speaking at a Whirlpool factory in Clyde, Ohio, Mr. Trump said that he had signed a proclamation earlier on Thursday that would reimpose the levy on Canada, accusing the country of taking advantage of us as usual.
To be a strong nation, America must be a manufacturing nation and not be led by a bunch of fools, the president said. That means protecting our national industrial base.
Mr. Trump imposed tariffs on steel and aluminum from Canada, Mexico and the European Union in early 2018, prompting those countries to respond with their own tariffs on American goods. The levies on imports from Canada and Mexico were not lifted until the following year, when the countries reached an agreement as part of the negotiations toward a new North American trade deal.
Read more: https://www.nytimes.com/2020/08/06/business/economy/trump-canadian-aluminum-tariffs.html
Starting a trade war with Canada. What a great idea from this bunch of fools.
Blue Owl
(50,259 posts)Hate to break it to ya, Donny -- but that ship has sailed a l-o-o-o-o-n-g time ago...
tinrobot
(10,885 posts)He can't upset the oligarchs and Mitch McTurtle.
mr_lebowski
(33,643 posts)It's also actually 40% Russian-owned. 60% US-owned.
These tariffs are a great way for IQ45 to benefit Russia without it being TOO obvious when you think about it. This action may help the partners secure the needed financing to get it going.
RainCaster
(10,834 posts)Or was that Canadian steel?
House of Roberts
(5,162 posts)Or are Home Depot and Lowe's still buying their 1x4s and 1x6s, etc. from Denmark and Sweden?
Bernardo de La Paz
(48,957 posts)But even the cult is a bit tired.
Meantime, take shots at your best trading partner.
CaptainTruth
(6,576 posts)Our local Publix has been out of Sprite Zero. When I asked about it I was told that because of an aluminum shortage companies were focusing on their main products (regular Sprite) & not making as much of other varieties.
Bernardo de La Paz
(48,957 posts)Marcuse
(7,446 posts)Karadeniz
(22,470 posts)Midnight Writer
(21,712 posts)Sounds like some fool who has no idea how to negotiate a deal.
George II
(67,782 posts)Iliyah
(25,111 posts)spray. What's up with that.
paleotn
(17,881 posts)Our supply chains are intertwined to the point that separation would take decades. This will just hurt all Americans. More propaganda bullshit for the morons in the rust belt.
Thekaspervote
(32,705 posts)no_hypocrisy
(46,021 posts)tclambert
(11,084 posts)Illegal? Sure. What does he care? It might cause Susan Collins some concern.
denem
(11,045 posts)I.e. thee Trump Administration
"To be a strong nation, America must be a manufacturing nation and not be led by a bunch of fools,