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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (139611)	3/3/2018 10:44:55 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 218016

President Trump will impose a 25% tariff on steel and 10% on aluminum by Executive Order by declaring the metal imports a national security threat to the United States. “We lose a lot with Canada. People don’t know it,” Trump said. “They have you believe that it’s wonderful, and it is — for them. Not wonderful for us — it’s wonderful for them.” “We’re pretty flabbergasted that Canada is a national security threat to the United States and at the top of the hit parade of trade villains”, said Douglas Porter, chief economist at the Bank of Montreal. 41% of American aluminum imports come from Canada. Canada exports nearly 90% of its steel to the U.S., while it accounts for 16% of all U.S. steel imports, the most out of any country. By comparison, China, barely exports any steel to the U.S, with America ranking 26th as a destination for Chinese steel imports, according to the International Trade Administration. Canadians reacted with a mixture of anger, confusion and resignation this week to President Trump’s promise to upend decades of economic cooperation and integration with Canada. Prime Minister Justin Trudeau called the tariff proposal “absolutely unacceptable,” using the same phrase as Foreign Minister Chrystia Freeland, who also threatened retaliatory measures if Canada isn’t exempted from the trade actions. Prime Minister Justin Trudeau warned that U.S. President Donald Trump's proposed tariffs would cause “significant and serious” disruptions on both sides of the border