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Zorro

(15,691 posts)
Thu Aug 6, 2020, 07:22 PM Aug 2020

Trump Reinstates Tariff on Canadian Aluminum

Source: Washington Post

The tariff, which could prompt retaliation from Canada, was imposed just one month after a new trade deal between the two countries went into effect.

President Trump announced Thursday that he was reimposing a 10 percent tariff on Canadian aluminum to help struggling American producers, a step that is likely to incite retaliation and worsen ties with Canada just one month after the countries’ new trade deal went into effect.

Speaking at a Whirlpool factory in Clyde, Ohio, Mr. Trump said that he had signed a proclamation earlier on Thursday that would reimpose the levy on Canada, accusing the country of “taking advantage of us as usual.”

“To be a strong nation, America must be a manufacturing nation and not be led by a bunch of fools,” the president said. “That means protecting our national industrial base.”

Mr. Trump imposed tariffs on steel and aluminum from Canada, Mexico and the European Union in early 2018, prompting those countries to respond with their own tariffs on American goods. The levies on imports from Canada and Mexico were not lifted until the following year, when the countries reached an agreement as part of the negotiations toward a new North American trade deal.

Read more: https://www.nytimes.com/2020/08/06/business/economy/trump-canadian-aluminum-tariffs.html



Starting a trade war with Canada. What a great idea from this bunch of fools.
18 replies = new reply since forum marked as read
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Trump Reinstates Tariff on Canadian Aluminum (Original Post) Zorro Aug 2020 OP
Not led by a bunch of fools? Blue Owl Aug 2020 #1
Don't forget, the Russians just built an aluminum plant in Kentucky. tinrobot Aug 2020 #2
I don't know that they've even broken ground let alone have it up and running ... mr_lebowski Aug 2020 #6
Didn't he do this before? It only benefitted Russia then... RainCaster Aug 2020 #3
Did the tariff on Canadian softwoods ever expire? House of Roberts Aug 2020 #4
Purely political move. A grasp at an issue with which to excite the base, maybe Bernardo de La Paz Aug 2020 #5
Is anyone hearing about an aluminum shortage? (soda cans) CaptainTruth Aug 2020 #7
Tariffs are taxes on consumers. Raising aluminum cost makes any shortage worse (if there is one). nt Bernardo de La Paz Aug 2020 #16
Yet Drumpf continues to lie that he's forcing the Chinese to pay millions to the USA in tariffs. Marcuse Aug 2020 #18
This will probably turn the economy around, making it the strongest economy in our history. Karadeniz Aug 2020 #8
Who the hell is the ninny that negotiated our crappy trade deal with Canada? Midnight Writer Aug 2020 #9
He's still pissed off with Trudeau for not going to Washington for his photo op a few weeks ago. George II Aug 2020 #10
I can't find any Lysol . . Iliyah Aug 2020 #11
Struggling American producers? paleotn Aug 2020 #12
Oh bull shit! It's to protect mcturtle's Kentucky placed aluminum oligarch Thekaspervote Aug 2020 #13
Wouldn't New NAFTA have a provision that forbids tariffs amongst the U.S., Canada, and Mexico? no_hypocrisy Aug 2020 #14
He violates a treaty his own admin negotiated after only one month? So trustworthy. Not. tclambert Aug 2020 #15
"not be led by a bunch of fools" denem Aug 2020 #17

Blue Owl

(49,918 posts)
1. Not led by a bunch of fools?
Thu Aug 6, 2020, 07:25 PM
Aug 2020

Hate to break it to ya, Donny -- but that ship has sailed a l-o-o-o-o-n-g time ago...

tinrobot

(10,848 posts)
2. Don't forget, the Russians just built an aluminum plant in Kentucky.
Thu Aug 6, 2020, 07:29 PM
Aug 2020

He can't upset the oligarchs and Mitch McTurtle.

 

mr_lebowski

(33,643 posts)
6. I don't know that they've even broken ground let alone have it up and running ...
Thu Aug 6, 2020, 07:41 PM
Aug 2020
https://www.wtvq.com/2020/06/10/aluminum-company-says-still-building-northeast-kentucky/

It's also actually 40% Russian-owned. 60% US-owned.

These tariffs are a great way for IQ45 to benefit Russia without it being TOO obvious when you think about it. This action may help the partners secure the needed financing to get it going.

House of Roberts

(5,121 posts)
4. Did the tariff on Canadian softwoods ever expire?
Thu Aug 6, 2020, 07:37 PM
Aug 2020

Or are Home Depot and Lowe's still buying their 1x4s and 1x6s, etc. from Denmark and Sweden?

Bernardo de La Paz

(48,788 posts)
5. Purely political move. A grasp at an issue with which to excite the base, maybe
Thu Aug 6, 2020, 07:41 PM
Aug 2020

But even the cult is a bit tired.

Meantime, take shots at your best trading partner.

CaptainTruth

(6,546 posts)
7. Is anyone hearing about an aluminum shortage? (soda cans)
Thu Aug 6, 2020, 07:44 PM
Aug 2020

Our local Publix has been out of Sprite Zero. When I asked about it I was told that because of an aluminum shortage companies were focusing on their main products (regular Sprite) & not making as much of other varieties.

Midnight Writer

(21,547 posts)
9. Who the hell is the ninny that negotiated our crappy trade deal with Canada?
Thu Aug 6, 2020, 08:13 PM
Aug 2020

Sounds like some fool who has no idea how to negotiate a deal.

paleotn

(17,781 posts)
12. Struggling American producers?
Thu Aug 6, 2020, 09:11 PM
Aug 2020

Our supply chains are intertwined to the point that separation would take decades. This will just hurt all Americans. More propaganda bullshit for the morons in the rust belt.

tclambert

(11,080 posts)
15. He violates a treaty his own admin negotiated after only one month? So trustworthy. Not.
Fri Aug 7, 2020, 02:44 AM
Aug 2020

Illegal? Sure. What does he care? It might cause Susan Collins some concern.

 

denem

(11,045 posts)
17. "not be led by a bunch of fools"
Fri Aug 7, 2020, 07:23 AM
Aug 2020

I.e. thee Trump Administration

"To be a strong nation, America must be a manufacturing nation and not be led by a bunch of fools,”

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