Trump announces steel tariffs

[BigJay]

 

[BigJay]

You tell the man Blue Horseshoe loves Anacott Steel.

Wall Street (1987) clip with quote You tell the man Blue Horseshoe loves Anacott Steel. Yarn is the best search for video clips by quote. Find the exact moment in a TV show, movie, or music video you want to share. Easily move forward or backward to get to the perfect clip.

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[jjgold]

What’s the purpose?

 

[BigJay]

What’s the purpose?

Wonder if it could send us into a recession?

Due. Been awhile since we had one

 

[johhnytyler]

Stop the Steel! (stolen)

 

[BMR Genie]

What countries willbe greatly affected by this?

 

[Tanko]

What’s the purpose?

He's implementing tariffs on any country that has tariffs on the US goods. Unfortunately, the majority of steel imported comes from Canada and Mexico.

On Wednesday he will implement more tariffs. They are "new reciprocal tariffs", which look at matching other countries’ tariffs on US goods dollar-for-dollar.

 

[Tanko]

What countries willbe greatly affected by this?

This first one on steel will mostly be on material from Canada (largest importer) and Mexico (3rd largest importer).

 

[BMR Genie]

This first one on steel will mostly be on material from Canada (largest importer) and Mexico (3rd largest importer).

Wow, so same countries.

 

[BMR Genie]

@maltedhopsfrenzy look at what's included.

https://twitter.com/i/web/status/1889680985471467908

 

[Tanko]

@maltedhopsfrenzy look at what's included.

https://twitter.com/i/web/status/1889680985471467908

I stopped reading it after it said beer.
This is a sad day for America when the president causes the price of beer to rise.

 

[djefferis]

I’m curious as to how this plays out for the auto industry.

Obviously - if the cost of raw materials goes up 25% - the cost are passed to consumers normally.

However - you have the big 3 sitting on TONS of autos right now - built and ready to sell. No tariff on those materials - but they can be sold at the new/higher price or if offered at the prior price point will look “cheap” next to cars from competitors who don’t have the luxury of having huge inventories to draw from.

Overall - the recession fears might be a bit overblown. IF Russia makes peace with Ukraine - that’s hopefully going to spark a rejuvenation of Europe and pull them out of their economic slump - if they pick up, it could help the US avoid a slide.

Stock market is getting way too tech heavy of late - bound to slide down a little. But earnings are best they have ever been - and again this is with economic slumps throughout Europe. Something has to give - either the market continues to go higher or earnings slow and it slumps HARD.

 

[BMR Genie]

https://twitter.com/i/web/status/1899814956939219112

 

[Wagerallsports]

It’s really funny that Canada has the nerve to use the term “Retaliatory“ when I’ve been saying that we need to be using that word instead of ‘Reciprocal Tariff’

Because Trump’s tariffs are just that, retaliatory, to what Canada has been charging us all along and maybe people would understand that word and the whole thing better than Reciprocal

if someone smacks you first over & over again, and you finally get tired of it and smack them back, that’s called retaliation.

So Canada is being deceptive by wording it that way since they’ve been the aggressor all along…

 

[BigJay]

https://twitter.com/i/web/status/1899814956939219112

Blue Horseshoe still loves Anacott Steel

 

[Tanko]

https://twitter.com/i/web/status/1899814956939219112

Its getting ugly.
Like children fighting. You slap me. I slap you. you slap me harder. I slap you harder, etc...

 

[BMR Genie]

Its getting ugly.
Like children fighting. You slap me. I slap you. you slap me harder. I slap you harder, etc...

Economic war is very dangerous.

 

[Wagerallsports]

Its getting ugly.
Like children fighting. You slap me. I slap you. you slap me harder. I slap you harder, etc...

Yeah it’s starting to sound like the story of the track girl with the baton lol

 

[jjgold]

I love Trump more than my son

 

[BMR Genie]

I love Trump more than my son

This means you're willing to sacrifice your son, JJ? just like Abraham?