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| Economy |
| Report: U.S. to slap tariffs soon on steel, aluminum from EU |
| 2018-05-31 |
| [Jpost] The United States will soon announce plans to impose tariffs on steel and aluminum from the European Union, possibly as early as Thursday, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The decision would land ahead of a Friday deadline for exemptions to the planned metals tariffs amid stalled trade talks, and is likely to prompt retaliation. President Donald Trump on March 23 imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum, but granted temporary exemptions to the EU, Canada, Mexico, Brazil, Australia and Argentina. |
| Posted by:g(r)omgoru |
| #11 Havent had an American car since then. No regrets. |
| Posted by: Regular joe 2018-05-31 21:26 |
| #10 ...that's why the Japanese built plants in the US after the threat of tariffs/quotas after the 70s gas shortage prompting Americas to discover fuel efficient, quality constructed, all inclusive priced Japanese automobiles. |
| Posted by: Procopius2k 2018-05-31 20:44 |
| #9 The real shrieking will come when tariffs are raised, from 2.5%, on automobiles and parts. |
| Posted by: Big McGurque1897 2018-05-31 16:48 |
| #8 There are reports that there will be retaliatory tariffs on blue jeans and cranberries. (I am not making this up.) Anyone can write their own punchline here. |
| Posted by: Scooter McGruder 2018-05-31 14:35 |
| #7 For too long we have suffered under those whose sole metric is "does it lower costs" Damned MBAs. |
| Posted by: Skidmark 2018-05-31 12:57 |
| #6 Who the hell cares what prices rise or fall? What matters is *do our people benefit*? For too long we have suffered under those whose sole metric is "does it lower costs" without any consideration of how those policies affect the lives of real people. Never again. |
| Posted by: Herb McCoy 2018-05-31 11:16 |
| #5 If they cut taxes then manufacturing costs can fall. |
| Posted by: Bright Pebbles 2018-05-31 10:38 |
| #4 This looks like a negotiating position to me: "Make it worth my while to make this go away," but we'll see. I expect shrieks of horror from both sides of the Atlantic over this -- European Conservative is right about this raising manufacturing costs. |
| Posted by: trailing wife 2018-05-31 10:28 |
| #3 One way to make them pay for the defense they never get around to. |
| Posted by: Procopius2k 2018-05-31 07:34 |
| #2 When George Bush 'banned' fetal stem cell research the act was condemned. Researchers were pushed out of their comfort zones but many new candidate sources were identified and developed. Now SC treatments are commonplace. This may be economic politicking or it may be forcing the advancement of metallurgy. |
| Posted by: Skidmark 2018-05-31 06:44 |
| #1 LOL Europe is so fucked. Bet they feel like assholes for abusing us for so long. Maybe they shouldn't have free rode off our defense guarantees and laughed all the way to the bank while racking up gargantuan trade surpluses. Nah I bet they feel they're the victims here. Ungrateful jerks. |
| Posted by: Herb McCoy 2018-05-31 05:39 |