[Newsbot]

Title: U.S. slaps 10% tariff on aluminum imports from Canada
Category: Uncle Sam
Posted By: Scape
Date: 2020-08-06 16:36:20
Canadian

[Strutz]

This does not surprise me at all.

$1:

American business groups largely oppose Trump's plan, since it will raise costs of the metal for U.S. manufacturers, who will have little option but to pay the tariff and import the metal anyway because the U.S. does not produce enough of the metal to satisfy domestic demand.

Uh... yeah, that's why the US imports it from Canada.



Not because of this:

$1:

In announcing the new trade action at an event in Ohio, Trump said that: “Canada was taking advantage of us, as usual.”

Trump claimed on Thursday that the American aluminum business has been “decimated” by Canada, calling it “very unfair” and accusing Canadian producers of flooding the U.S. with exports.

https://www.ctvnews.ca/politics/trump-i ... -1.5054066


If our government follows through on implementing countermeasures you can bet that he'll say something along the lines of "See... see how unfair they are?"

[Thanos]

Whoever had "he does something stupid that un-necessarily hurts his own country's economy for some retarded reason he's got stuck inside his smoothed-out brain" in today's betting pool wins a nice shiny nickel.

[PluggyRug]

What a dumb move.

[Thanos]

Just more of his "business genius" on display. And more stoking up the rubes in advance of the election with another false facade of being "tough" on foreigners and American First. Hard to believe this chest-thumping idiocy still works so well on the gullibles.

[herbie]

Those rubes have had years to discover that THEY pay for the tariff. Years ago it was calculated at $6000 more per new home due to the lumber tariffs........

[xerxes]

Yet again, Trump demonstrates his complete inability to understand how tariffs work. This won’t cost us. But it’ll cost American consumers lots.

[llama66]

And the man wonders why he is not liked. If he gets re-elected, I vote we politely build a wall.

[Freakinoldguy]

This is nothing more than an election ploy. Every politician needs a foil and this week it's us. So in order to garner votes he's playing to his base by saying: "Hey look at me I'm saving America by stopping us being screwed by evil Canada". But, given the lack of an appropriate response by our gov't I'd assume they've identified this over the top politicking for what it really is.

I'm also assuming that given there's no logical reason for this announcement that, if he gets reelected the tariffs will suddenly disappear because they'll have served their purpose which wasn't to help America but to put the Donald back in the White House.

[Scape]

Yup, I agree. He's playin to the cheap seats.

[DrCaleb]

Forces a new NAFTA deal, promptly violates it a month later.

And raising taxes on US citizens is a bad election ploy. Everything from F-150s to beer cans will get more expensive.

[Tricks]

Is aluminum in the new NAFTA?

[DrCaleb]

Tricks Tricks:

Is aluminum in the new NAFTA?

Not specifically. But what is in there is that a dollar-for-dollar trade remedy cannot be implemented. For example, the last time, we put trade restrictions on importation of the same value of products, from pro-Trump states; like Burbon from Kentucky or Soy beans from Maryland, to the same dollar value we were losing in aluminum.

The new agreement means we can only put restrictions on categories of products, like 'Car parts', but we can't specify their origin.

[DrCaleb]

[DrCaleb]

Canada hitting back with $3.6B in countermeasures to Trump's tariffs: Freeland