Trump to announce 25% aluminium and steel tariffs as China’s levies against US come into effect
Trump to announce 25% aluminium and steel tariffs as China’s levies against US come into effect
US president accused of ‘shifting goalposts’ by premier of Ontario for adding further tariffs on top of existing metal duties, as China’s fossil fuel levies come into force
Donald Trump has said he will announce new 25% tariffs on all steel and aluminium imports into the US on Monday that would affect “everybody’, including its largest trading partners Canada and Mexico, in another major escalation of his trade policy overhaul.
Trump’s pre-announcement came as China’s retaliatory tariffs, announced last week, came into effect. The measures target $14bn worth of products with a 15% tariff on coal and LNG, and 10% on crude oil, farm equipment and some vehicles.
The largest sources of US steel imports are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to government and American Iron and Steel Institute data.
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the overarching goal of the administration is to enrich US based billionaires and business elites... if regular Americans need to suffer in the short and long term, then so be it. the rest of the media blitz is smoke and mirrors to distract from the pilfering of the masses and inevitable privatization of public services.
i feel that the worse part about all of this is that his followers are so thoroughly propagandized that they'll support him in this endeavors no matter what and his opposition is also so similarly propagandized that they'll likewise blindly support anyone else who will seek the same goals, but get to pat themselves on the back due to the plausible deniability afforded by the significantly more subtle tactics employed in service to those goals.
it sucks knowing that there's nothing you can do but watch and wait while ahab and the whale do their damnedest to defeat each other and hope that the boat is still floating once they're done and; even then; the other surviving sailors will still blindly take orders from whomever is the victor.