Trump Admin Takes First Step Toward Slapping Huge Tariff On Chinese Aluminum Foil

[To-Whose-Benefit?]

dailycaller
Thomas Phippen
Reporter
11:12 AM 08/09/2017

[excerpt]

http://dailycaller.com/2017/08/09/trump-admin-takes-first-step-toward-slapping-huge-tariff-on-chinese-aluminum-foil/

The Trump administration is considering a plan to tax aluminum foil imports from China after finding that the country China is heavily subsidizing aluminum foil.

The Department of Commerce could impose a reciprocal 16.56 to 80.97 percent tariff on aluminum foil after the department discovered that the Chinese government supported aluminum producers.

“The United States is committed to free, fair and reciprocal trade, and will continue to validate the information provided to us that brought us to this decision,” Commerce Secretary Wilbur Ross said in a statement Tuesday. “The Trump Administration will not stand idly by as harmful trade practices from foreign nations attempt to take advantage of our essential industries, workers, and businesses.”

[dfwgator]

[Gov Bean Counter]

Trumpbots better stock up...

[Free Vulcan]

Tinfoil cat is not amused!

[guitar4jesus]

When you look up the definition of unintended consequences it redirects to tariffs...

[ABX]

Remind me. Who will pay for this tariff again?

[To-Whose-Benefit?]

Excuse me, but Where did North Korea get the nukes from?

And we're all feeling superior because Tariff (it's not even a four letter word) somehow proves Trump is an economic idiot?

[ABX]

Excuse me, but Where did North Korea get the nukes from?

And we're all feeling superior because Tariff (it's not even a four letter word) somehow proves Trump is an economic idiot?

The Soviet Union in 1963n(ie Russia). Helped along later by Bill Clinton, Pakistan, and Iran.

https://en.m.wikipedia.org/wiki/North_Korea_and_weapons_of_mass_destruction

[Free Vulcan]

When you look up the definition of unintended consequences it redirects to tariffs...

The way I look at it is a test of our economic Mutually Assured Destruction de facto treaty we have with China. Trump is taking a risk to test the response.

Now we see if they think they have enough to lose by blinking, or if they go the kneejerk posturing route and it all blows up.

[Bigun]

Excuse me, but Where did North Korea get the nukes from?

And we're all feeling superior because Tariff (it's not even a four letter word) somehow proves Trump is an economic idiot?

I fully support Trump's stance on North Korea! This not so much!  Tariffs NEVER hit the people they are intended to hit! 

[dfwgator]

I fully support Trump's stance on North Korea! This not so much!  Tariffs NEVER hit the people they are intended to hit!

But the option of using tariffs should never be taken off the table.    We'll see how China responds.

[To-Whose-Benefit?]

But the option of using tariffs should never be taken off the table.    We'll see how China responds.

The Chinese Govt supported aluminum producers.

For the objective, Not of making a profit, but of harming/running out of business, American aluminum producers.

The Chi-com Govt was actively engaged in an attack upon our aluminum producers, but we're upset that a role of tin foil could rise in price?

Tariff?

H**l Yes!

I want tariffs on Everything that disgusting excuse for a country exports to us.

Take their damn products elsewhere and peddle them.

Once they're OFF American shelves we'll see American made goods back where they belong.

[edpc]

Trump has eschewed chess and is playing three dimensional go! with the Chinese.

[Bigun]

The Chinese Govt supported aluminum producers.

For the objective, Not of making a profit, but of harming/running out of business, American aluminum producers.

The Chi-com Govt was actively engaged in an attack upon our aluminum producers, but we're upset that a role of tin foil could rise in price?

Tariff?

H**l Yes!

I want tariffs on Everything that disgusting excuse for a country exports to us.

Take their damn products elsewhere and peddle them.

Once they're OFF American shelves we'll see American made goods back where they belong.

There is a FAR better way to do that than imposing tariffs!  Getting rid of our current abjectly STUPID tax code and unleashing OUR producers would work just fine!

[To-Whose-Benefit?]

There is a FAR better way to do that than imposing tariffs!  Getting rid of our current abjectly STUPID tax code and unleashing OUR producers would work just fine!

I HEARD That!

If the Tax Code went bye bye First, we wouldn't even be discussing tariffs.

[To-Whose-Benefit?]

The Soviet Union in 1963n(ie Russia). Helped along later by Bill Clinton, Pakistan, and Iran.

https://en.m.wikipedia.org/wiki/North_Korea_and_weapons_of_mass_destruction

Axis of Evil.

http://www.reuters.com/article/us-china-iran-oil-idUSKBN14P15W

https://en.wikipedia.org/wiki/China%E2%80%93Pakistan_Free_Trade_Agreement


Asymmetric Warfare

Iran, Pakistan, and China: joined at the hip.

Plausible deniability for indirectly arming their proxy, the Norks, with Nukes.

[Wingnut]

Excuse me, but Where did North Korea get the nukes from?

And we're all feeling superior because Tariff (it's not even a four letter word) somehow proves Trump is an economic idiot?

FYI:

This is the post that turned this thread to shit.

[dfwgator]

I HEARD That!

If the Tax Code went bye bye First, we wouldn't even be discussing tariffs.

Will never happen,  it would put too many lawyers and accountants out of business.

[edpc]

FYI:

This is the post that turned this thread to shit.

[Suppressed]

Remind me. Who will pay for this tariff again?

The American consumer.

It's the US Government stepping in and doing a wealth transfer from the American consumer to corporations that can't compete.

[Oceander]

I HEARD That!

If the Tax Code went bye bye First, we wouldn't even be discussing tariffs.

Riiiiiiiight. 

[ABX]

The American consumer.

It's the US Government stepping in and doing a wealth transfer from the American consumer to corporations that can't compete.

Bingo

[kevindavis007]

The American consumer.

It's the US Government stepping in and doing a wealth transfer from the American consumer to corporations that can't compete.

 

[dfwgator]

Bingo

So if a country uses slave labor to keep costs down, should we just allow them to dump their products on our market?

[edpc]

So if a country uses slave labor to keep costs down, should we just allow them to dump their products on our market?

We're also over regulated, whereas they outright ignore them or officials take payments to overlook infractions.