Trump’s 50 Percent Tariffs on Steel, Aluminum Take Effect, Aimed at Boosting US Production
By doubling the levies, foreign companies ‘can no longer get over the fence,’ Trump said.
“In my judgment, the increased tariffs will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the United States market and thereby undercut the competitiveness of the United States steel and aluminum industries,” Trump’s proclamation read.“Although the previously imposed steel and aluminum tariffs have helped provide critical price support in the United States market, they have not yet enabled these industries to develop and maintain the rates of capacity production utilization that are necessary for the industries’ sustained health and for projected national defense needs.”
Trump announced his plan first on May 30 during a rally held at the U.S. Steel Corporation’s plant near Pittsburgh to celebrate the newly announced partnership with Japan’s Nippon Steel.
Read more... of Promises Kept. Watch some stupid America Last judge try to end this tariff.
2 comments:
Trump said he wants to build aluminum smelters is russia. He’d rather build them in russia then import aluminum from Canada which has been a quality supplier from Quebec a short train supply to the USA but trump would rather build in Siberia for putin.
This is true it’s been reported by everyone. Sad.
Don't know where you get your fake news but Putin has offered a deal to Trump from his occupation of certain territory he captured in Ukraine in 2014 which is about 20% of the country. He thinks he can buy Trump and you believe something so preposterous as that.
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