Mr. Trump to Impose Stiff Tariffs on Steel and Aluminum

[Liberty]

https://twitter.com/realDonaldTrump/status/969525362580484098

Can someone please explain trade 101 to the president of the United States?

[EliG]

https://twitter.com/realDonaldTrump/status/969525362580484098

Can someone please explain trade 101 to the president of the United States?

Yeah, someone should run an ad on Fox and Friends.

https://twitter.com/alex_panetta/status/969556632886800384

[Value^2]

John, it's hard to tell the impact without knowing the specifics. Will it be a blanket tariff applied equally to all countries? Or a targeted one aimed, say, at China? Not the same impact, obviously. Maybe Mr. Trump will change his mind after seeing today's market reaction.

I'm following this twitter account for updates, colour commentary and comic relief. He is a trade lawyer at Cato Institute.

https://twitter.com/scottlincicome

BTW, Canada is #1 steel exporter to the U.S. China is #11.

Yep, and that's why i think, this is just Mr Trump's way to move stagnated NAFTA negotiations forward. This is what great deal makers do... Everyone else seems to be playing checkers but Mr Trump plays chess.

I also think  EU and many other commentators are just hypocrite...
https://www.reuters.com/article/us-eu-steel-china/eu-raises-import-duties-on-chinese-steel-angering-beijing-idUSKBN1780VU

[Cardboard]

If Canada had a strong leader, he would have realized that the U.S. could become a tougher place to trade with. Maybe less reliable than it used to be and capable to take strong actions. Hence the opportunity to expand exports and be a supplier of choice: LNG, oil, wood, grains, potash, uranium you name it.

Unfortunately, we are led by a group of people who think about pot, peoplekind and only renewing NAFTA. Dependency is what they seem to like.

Cardboard

[EliG]

This is what great deal makers do... Everyone else seems to be playing checkers but Mr Trump plays chess.

Equally likely: he is just an old fool watching too much TV.

[Liberty]

As usual, it's more about Trump than anything else. He'll try to associate himself with "manly" industries like coal and steel, but he wouldn't do it for blueberry producers.

[rkbabang]

What we really need protection from is you Canadians dumping maple syrup on us.  Trump save us, your our only hope!

[Sharad]

What we really need protection from is you Canadians dumping maple syrup on us.  Trump save us, your our only hope!

Make corn syrup great again!

[Pelagic]

As usual, it's more about Trump than anything else. He'll try to associate himself with "manly" industries like coal and steel, but he wouldn't do it for blueberry producers.

This. Trump's a populist to the core, if he thinks his base approves then that's his position. If his base was a bunch of free market capitalists he'd be singing a different tune.

One of the great stories in business is how Dow Chemical defeated the German bromine cartel by buying bromine they were dumping in the US (to drive Dow out of business) and reselling it back on the European market at a profit. Worth reading if you've never heard it before.

https://www.investopedia.com/ask/answers/09/dow-chemical-bromine-monopoly.asp

[Cardboard]

"What we really need protection from is you Canadians dumping maple syrup on us.  Trump save us, your our only hope!"

You should be reassured on that one since Quebec is having a quota on maple syrup production and raising prices!!! By these measures, they basically created a large revival of maple syrup production in Maine and Vermont.

Cardboard