Remember that tiny tax cut you got?

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Remember that tiny tax cut you got?

Post by T on Sat Mar 03, 2018 12:32 pm

Remember that tiny tax cut you got?  Trumpery is about to wipe it out and more. OR, he's just running his mouth again.  He's had a couple of bad weeks and has to take it out on someone.  

Why not the American people?  dunno


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WASHINGTON (AP) — Donald Trumpery on Friday insisted “trade wars are good, and easy to win,” a bold claim that prompted pushback from a Nebraska Republican who quipped “kooky 18th century protectionism will jack up prices on American families.”

Trumpery has declared that the U.S. will impose punishing tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. After the announcement Thursday, stocks closed sharply lower on Wall Street. China has expressed “grave concern.”

Sen. Ben Sasse, a Nebraska Republican responded that trade wars are never won.

“Kooky 18th century protectionism will jack up prices on American families — and will prompt retaliation from other countries,” he wrote in a statement. “Make no mistake: If Trumpery goes through with this, it will kill American jobs — that’s what every trade war ultimately does. So much losing.”

Canada, the largest source of steel and aluminum imports in the U.S., said it would “take responsive measures” to defend its trade interests and workers if restrictions were imposed on Canadian steel and aluminum products. "

"Should restrictions be imposed on Canadian steel and aluminum products, Canada will take responsive measures to defend its trade interests and workers.”

Trumpery’s move will likely raise steel and aluminum prices here. That’s good for U.S. manufacturers. But it’s bad for companies that use the metals, and it prompted red flags from industries ranging from tool and dye makers to beer distributors to manufacturers of air conditioners. The American International Automobile Dealers Association warned it would drive prices up “substantially.”

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Re: Remember that tiny tax cut you got?

Post by T on Sat Mar 03, 2018 12:40 pm

Electrolux puts $250 million U.S. investment on hold over Trumpery tariff hike

STOCKHOLM (Reuters) - Sweden’s Electrolux (ELUXb.ST), Europe’s largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after Donald Trumpery announced tariffs on imported aluminum and steel.

Electrolux had said in January it would invest $250 million to expand and modernize its plant in Springfield, Tennessee.

“We are putting it on hold. We believe that tariffs could cause a pretty significant increase in the price of steel on the U.S. market,” Electrolux spokesman Daniel Frykholm said.

Electrolux buys all the steel it uses in its U.S. products domestically.

On Thursday, Trumpery said the duties — 25 percent on steel imports and 10 percent on aluminum — would be formally announced next week.

Reuters

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Re: Remember that tiny tax cut you got?

Post by T on Sat Mar 03, 2018 9:28 pm


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Re: Remember that tiny tax cut you got?

Post by T on Thu Mar 08, 2018 5:39 am

It looks like Trumpery is getting over his tantrum.  rage  Like with "Mexico will pay for the wall" and North Korea, he's doing nothing.  He drew a line in the sand with North Korea, and they taunted  and laughed  bounce at the buffoon.  geek  
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Mexico, Canada and others may be exempted from U.S. tariffs

By Ken Thomas, The Associated Press

WASHINGTON — The White House said Wednesday that Mexico, Canada and other countries may be spared from Donald Trumpery’s planned steel and aluminum tariffs under national security “carve-outs,” a move that could soften the blow amid threats of retaliation by trading partners and dire economic warnings from lawmakers and business groups.

Press secretary Sarah Huckster Sanders told reporters the exemptions would be made on a “case by case” and “country by country” basis, a reversal from the policy articulated by the White House just days ago that there would be no exemptions from Trumpery’s plan.

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Re: Remember that tiny tax cut you got?

Post by T on Sun Mar 11, 2018 10:26 am


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Re: Remember that tiny tax cut you got?

Post by T on Wed Apr 04, 2018 5:47 am


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Re: Remember that tiny tax cut you got?

Post by T on Sat May 12, 2018 8:54 am


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