Trump cuts steel tariffs on Turkey by half

[corbe]

Trump cuts steel tariffs on Turkey by half

By Rachel Frazin - 05/16/19 08:56 PM EDT   

President Trump announced Thursday that he would reduce tariffs on Turkish steel from 50 percent to 25 percent, returning the tariffs to their August 2018 levels.

Trump doubled tariffs on steel from Turkey last August, but is now cutting those tariffs by half, Trump said in a White House proclamation.

Under the higher tariff, steel imports declined by 12 percent and have declined from Turkey by 48 percent, Trump said in the proclamation.
 
"This target level, if maintained for an appropriate period, will improve the financial viability of the domestic steel industry over the long term," Trump said.

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https://thehill.com/policy/finance/trade/444192-trump-cuts-steel-tariffs-on-turkey-by-half

[corbe]

 

[EdJames]

What?

[corbe]

   Maybe he's trying to shut Flynn, the democrat who lied to his VP and unregistered Turkish Lobbyist up.

[EdJames]

   Maybe he's trying to shut Flynn, the democrat who lied to his VP and unregistered Turkish Lobbyist up.

What is up with that guy?

http://www.gopbriefingroom.com/index.php/topic,361948.msg1973009.html#msg1973009

[corbe]

   He was first and foremost a democrat, his second sin was trying to be in the Trump Administration and thus has tire tracks all across his back.

[Insert Jimi Hendrix ~ Cross Town Traffic here]

[edpc]

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe.

https://www.yahoo.com/finance/news/trump-delays-imposing-auto-tariffs-130444917.html


Someone talked a little sense into him. It won’t be possible to exert economic pressure on China and Iran, without the cooperation of others, namely Europe. That’s the only reason this happened.

[Hoodat]

Someone talked a little sense into him. It won’t be possible to exert economic pressure on China and Iran, without the cooperation of others, namely Europe. That’s the only reason this happened.

Not to mention that only 1% of our steel imports come from China.  Steel tariffs were a stupid idea from the very beginning.  American steel producers need the incentive to become more competitive - not less competitive.  And the American consumer should have the ability to purchase steel at the same low price that others are paying instead of being punished through higher taxes.