Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming
Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming
Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.
Summary
Donald Trump announced that the U.S. will impose 25% tariffs on all steel and aluminum imports starting Monday, including from Canada and Mexico.
He also plans “reciprocal tariffs” on goods from countries imposing duties on U.S. products.
Markets reacted negatively, with stocks dropping over tariff concerns.
Trump previously paused tariffs on Canada and Mexico but imposed 10% duties on China.
is that how you bring manufacturing back to the US? By making all the materials way more expensive?
Yep. When you're stuck paying more for the foreign metals, it forces the US suppliers to charge less. Right? 'Murica?
How many hours until he cancels these ones too?
What better way to run a money pump? Literally. It is what they are doing. You know when to buy, sell, short, or hedge.
Most people dont understand how to make money in the stock market, because they are not interested. But once you do, you understand that this is exactly what is happening. Information about what is going to happen is all you need to make insane money.
Just long enough for him to get his knee pads to beg to Claudia Sheinbaum again.
Gonna be another masterful gambit
Aluminum is going to change its atomic symbol to
Aland the UK - great country, very bad prime minister - is going to name their aluminum "aluminium" to distinguish it from the great high-IQ American metal. I'm suspending the tariffs for 2 years and one and two half days. I'm a biggly stable genius.- Donald Trump, February 11 2025
A week ago, during the tariff on/tariff off bs, it was announced that:
The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.
Here's hoping that stands.
https://globalnews.ca/news/10995839/canafa-aluminum-europe-trump-tariffs/
Trump says he will announce 25% steel and aluminum tariffs Monday
it sounds to me like he announced them today
Trade threats 2, electric aluminoo.
electric alumilieu?
I'm torn about this. On the one side, i support (a low level of) import tariffs in general, but on the other hand, the only reasonable exception i see to this is in minerals, because they are non-uniformously geographically distributed, and sometimes can only be sourced from abroad.
Then again, steel and aluminum are made from minerals which are so incredibly wide-spread, that it probably makes no difference to implement tariffs on them, because they can be sourced from every country, including your own.
Protectionism tends to sound good in theory. But in the end it doesn't turn out that way
I would be a bit more careful about only listening to previous empirical data. Not everything can be extrapolated from the past.
There is the story of the cock:
A rooster wakes up every morning and crows, for a 1000 days in a row. The rooster observes this and, as a consequence, believes himself to be invincible. "Until now, i have always waken up the next day in the morning."
But the rooster, is not invincible, neither is he immortal. In fact, quite the opposite.
Also, this XKCD:
