Defying GOP, Trump orders steel and aluminum tariffs

[mystery-ak]

Defying GOP, Trump orders steel and aluminum tariffs
By Jordan Fabian and Vicki Needham - 03/08/18 03:40 PM EST

President Trump on Thursday officially announced steep tariffs on imported steel and aluminum, defying his own party and delivering on a campaign promise to fight what he sees as unfair practices by U.S. trading partners.

Trump signed paperwork enacting tariffs of 25 percent on steel and 10 percent on aluminum during a hastily arranged event at the White House.
"Today, I am defending America’s national security by placing tariffs on foreign imports of steel and aluminum," Trump said in the Roosevelt Room, flanked by steel and aluminum workers.

more
http://thehill.com/homenews/administration/377430-defying-gop-trump-orders-steel-and-aluminum-tariffs

[DB]

Defying GOP, Trump orders steel and aluminum tariffs
By Jordan Fabian and Vicki Needham - 03/08/18 03:40 PM EST

President Trump on Thursday officially announced steep tariffs on imported steel and aluminum, defying his own party and delivering on a campaign promise to fight what he sees as unfair practices by U.S. trading partners.

Trump signed paperwork enacting tariffs of 25 percent on steel and 10 percent on aluminum during a hastily arranged event at the White House.
"Today, I am defending America’s national security by placing tariffs on foreign imports of steel and aluminum," Trump said in the Roosevelt Room, flanked by steel and aluminum workers.

more
http://thehill.com/homenews/administration/377430-defying-gop-trump-orders-steel-and-aluminum-tariffs

So he's abandon free market principles to save the free market system...

Where have I heard that before?

[Jazzhead]

Free market principles are fine - on a level playing field.

[dfwgator]

So he's abandon free market principles to save the free market system...

Where have I heard that before?

This is about National Security,  and where is this "Free Market System" of which you speak.  You think that's what we have now?  BWAHAHAHAHAHA!

[DB]

Yes, we've heard it all before...

More expensive products for consumers and protected industries that don't have to compete is good for America...

If it were only true...

[INVAR]

It is always the Liberal Leftists, Marxists and Populists who are in reality, big government Socialists themselves, that think one should use government as a weapon to create 'level playing fields'.

You know, because government does such a terrific job at creating 'equality'.

Just like the Soviets thought.

[dfwgator]

If the Republicans take the Rust Belt away from the Democrats,   that could very well mean the Democrats don't see the White House for years to come.

[mountaineer]

Fox News
‏Verified account @FoxNews
37m37 minutes ago

.@POTUS: "I have a feeling we're going to make a deal on NAFTA...and if we do, there won't be any tariffs on Canada and there won't be any tariffs on Mexico."

[mountaineer]

Ryan Saavedra
🇺🇸
‏Verified account @RealSaavedra

#BREAKING: All countries affected by proposed U.S. tariffs on steel and aluminum have been invited to negotiate exclusions from the measures -AP

[cato potatoe]

Thanks heavens we didn't elect Hillary.  She would have raised taxes.

[dfwgator]

Ryan Saavedra
🇺🇸
‏Verified account @RealSaavedra

#BREAKING: All countries affected by proposed U.S. tariffs on steel and aluminum have been invited to negotiate exclusions from the measures -AP

Art of the Deal, Baby! 

[INVAR]

Ryan Saavedra
🇺🇸
‏Verified account @RealSaavedra

#BREAKING: All countries affected by proposed U.S. tariffs on steel and aluminum have been invited to negotiate exclusions from the measures -AP

So it's ALL for show.

[Right_in_Virginia]

President's speech begins at 8:50

! No longer available



https://www.youtube.com/watch?v=KetE2GhI8f4

[edpc]

"Today, I am defending America’s national security by placing tariffs on foreign imports of steel and aluminum making sure the Stormy Daniels story is cleared from the news cycle" Trump said in the Roosevelt Room, flanked by steel and aluminum workers.

[GrouchoTex]

While this seemed like a positive.....:

White House officials said that all other countries will be able to make their case as to why they should be exempt from the tariffs and what they will do to shore up their national security relationship with the United States.

...There was this that didn't seem positive:
 
The tariffs will take effect in 15 days, giving trading partners such as the European Union and South Korea little time to argue for exemptions.
 
The president will have the discretion to add or subtract countries and raise and lower the tariffs at any time, a senior administration official said. But Trump did not seem to be enthusiastic about the prospect of further carve-outs.
 
“The countries that treat us the worst on trade and on military are our ‘allies,’ as they like to call them,” he said.

[Sanguine]

I am hoping that the other countries give concessions without the tariffs actually being used. 

[truth_seeker]

So he's abandon free market principles to save the free market system...

Where have I heard that before?

He is keeping a campaign commitment.

[DB]

While this seemed like a positive.....:

White House officials said that all other countries will be able to make their case as to why they should be exempt from the tariffs and what they will do to shore up their national security relationship with the United States.

...There was this that didn't seem positive:
 
The tariffs will take effect in 15 days, giving trading partners such as the European Union and South Korea little time to argue for exemptions.
 
The president will have the discretion to add or subtract countries and raise and lower the tariffs at any time, a senior administration official said. But Trump did not seem to be enthusiastic about the prospect of further carve-outs.
 
“The countries that treat us the worst on trade and on military are our ‘allies,’ as they like to call them,” he said.

So in short, no one knows what the price of steel or aluminum will be tomorrow. Uncertainty is a contagion that often spreads. Uncertainty is the enemy of trade. No one can make any long term deals when the price is based on a moments whim...

[dfwgator]

I am hoping that the other countries give concessions without the tariffs actually being used.

That's Trump's hope as well.  And I think he knows he'll get them.

[dfwgator]

He is keeping a campaign commitment.

Trump understands something that the rest of the GOP don't seem to.   The Republicans will never see the White House unless they can flip the Rust Belt.

The Coasts belong to the Rats, but those States alone can't win a National Election. Take the Rust Belt, and the Republicans will have the advantage in Presidential Elections.

[Concerned]

Tweet by Grover Norquist this afternoon (he gets it):

"Tariffs are Taxes
Tariffs are Taxes
Tariffs are Taxes
Tariffs are Taxes

Tariffs are Taxes on American consumers."

[GrouchoTex]

I'm not so optimistic that these tariffs will work, but they may.
We will see.
My instinct tells me that it will raise the price and delivery of items on the consumers, the end-users.

[DB]

Trump understands something that the rest of the GOP don't seem to.   The Republicans will never see the White House unless they can flip the Rust Belt.

The Coasts belong to the Rats, but those States alone can't win a National Election. Take the Rust Belt, and the Republicans will have the advantage in Presidential Elections.

So populism surpasses economic reality.

[edpc]

I'm not so optimistic that these tariffs will work, but they may.  We will see.  My instinct tells me that it will raise the price and delivery of items on the consumers, the end-users.

Fortunately, the House seems determined to stop the increase on the fuel tax, or price/delivery would really increase.

[INVAR]

So populism surpasses economic reality.

Yes.  And Trumplicans love them some taxes as much as Leftist Democrats do.

They just call them different things to assuage personal animuses.