President Trump announced Thursday his plans to levy hefty tariffs on steel and aluminum on key US allies, including the European Union, Canada, and Mexico; making good on a signature campaign promise to help shield American-made products from foreign goods.
Despite the initial plan to exempt North American nations from the tariffs, the administration unveiled the new guidelines after failing to win specific trade deals with both Canada and Mexico.
Commerce Secretary Wilbur Ross said the new taxes will be a 25% surcharge on steel and 10% on aluminum; adding the tariffs could be removed in future talks while renegotiating the North American Free Trade Agreement, or NAFTA.
“The European Union has already notified the World Trade Organization of plans to levy duties on $7.1 billion worth of U.S. exports in response, with the aim of collecting $1.6 billion in tariff revenue,” writes Politico.
“We continue to be quite willing and indeed eager to have further discussions,” Ross added.
Back in 60s and early 70s when we had tariffs wages were going up, yes it was spark by unions but over all wages gone up which offered stronger middle class.
mexico has already announced their new tarrifs in response
flat steels (hot and cold foil, including coated and various tubes), lamps, legs and shoulders of pork, sausages and food preparations, apples, grapes, blueberries, various cheeses
europe will add tarrifs on american motorcycles among other things…
name a social conservative position he has taken. Not saying he does not have any but just dont know off the top of my head. There are plenty of old timey conservatives that are nearly indistinguishable from libs. Maybe he’s one of those.
