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Trade war heating up

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  • Trade war heating up

    Trump wants to increase tariffs, Cohn resigns. Canuckland, also Mexico warn of retaliation.

    Early on Monday, the U.S. president ratcheted up tension before the ministerial meetings in Mexico by tweeting that"Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed." said that meant Canada and Mexico would enjoy tariff exemptions once a NAFTA deal was reached, calling the tariffs an "incentive" to conclude the talks.

    Canada and Mexico say they should be exempted from suchmoves, and have warned they could retaliate.

    Guajardo said there would be no concessions made in the NAFTA negotiations to placate Trump on steel and aluminum, while Freeland said the two issues were separate.

    https://m.ca.investing.com/news/econ...estion-1041967
    Buckle up, folks!
    Remember that you are dust and to dust you shall return.

  • #2
    The EU has already drafted a list of retaliatory tariffs to get back at the US:

    https://www.bloomberg.com/news/artic..._medium=social

    This is beyond stupid. Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
    "I am not angered that the Moral Majority boys campaign against abortion. I am angry when the same men who say, "Save OUR children" bellow "Build more and bigger bombers." That's right! Blast the children in other nations into eternity, or limbless misery as they lay crippled from "OUR" bombers! This does not jell." - Leonard Ravenhill

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    • #3
      Originally posted by KingsGambit View Post
      The EU has already drafted a list of retaliatory tariffs to get back at the US:

      https://www.bloomberg.com/news/artic..._medium=social

      This is beyond stupid. Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
      assuming the trade war is fought to autarky, I don't see how the US loses out overall. The trade deficit is considerably in your disfavor.
      "As for my people, children are their oppressors, and women rule over them. O my people, they which lead thee cause thee to err, and destroy the way of thy paths." Isaiah 3:12

      There is no such thing as innocence, only degrees of guilt.

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      • #4
        The trade war has been in full force for decades. Trump is just the first President since Reagan to go on the offensive.
        Some may call me foolish, and some may call me odd
        But I'd rather be a fool in the eyes of man
        Than a fool in the eyes of God


        From "Fools Gold" by Petra

        Comment


        • #5
          Originally posted by KingsGambit View Post
          The EU has already drafted a list of retaliatory tariffs to get back at the US:

          https://www.bloomberg.com/news/artic..._medium=social

          This is beyond stupid.
          Tremendous idea by Trump. Steel is of national security importance, also aluminium.

          Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
          'My cheap plastic crap from China will cost more, also smartphone, also can of beer ' [/lib]
          Remember that you are dust and to dust you shall return.

          Comment


          • #6
            Originally posted by Elon Musk
            Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors.

            For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference

            We raised this with the prior administration and nothing happened. Just want a fair outcome, ideally where tariffs/rules are equally moderate. Nothing more. Hope this does not seem unreasonable.

            https://twitter.com/elonmusk/status/971811614411276288
            So close to saying 'Go Trump!!!'
            Last edited by demi-conservative; 03-13-2018, 09:26 AM.
            Remember that you are dust and to dust you shall return.

            Comment


            • #7
              It's about time we hit the reset button on Bill Clinton's "favored nation" debacle.
              Some may call me foolish, and some may call me odd
              But I'd rather be a fool in the eyes of man
              Than a fool in the eyes of God


              From "Fools Gold" by Petra

              Comment


              • #8
                Canada is exempt.

                For now.


                Securely anchored to the Rock amid every storm of trial, testing or tribulation.

                Comment


                • #9
                  Originally posted by Mountain Man View Post
                  It's about time we hit the reset button on Bill Clinton's "favored nation" debacle.
                  It's about time Willie is locked up for Chinagate.
                  Remember that you are dust and to dust you shall return.

                  Comment


                  • #10
                    Originally posted by mossrose View Post
                    Canada is exempt.

                    For now.
                    If Trump beats China, all others will fall in line.
                    Remember that you are dust and to dust you shall return.

                    Comment


                    • #11
                      "If prior U.S. trade policies resulted in the export and redistribution of U.S. wealth… What happens when you reverse the process?"
                      Some may call me foolish, and some may call me odd
                      But I'd rather be a fool in the eyes of man
                      Than a fool in the eyes of God


                      From "Fools Gold" by Petra

                      Comment


                      • #12
                        Why did Clinton admin favor China???
                        Remember that you are dust and to dust you shall return.

                        Comment

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