Trump's Tariff Plan: Best Ways for ETF Investors to Capitalize

Posted March 05, 2018

US domestic steel mills and metal producers welcomed Trump's tariff plan. How does this make any sense? Last but not least, under U.S. law Canada is included as a part of the U.S. National Technology and Industrial Base related to national defense. Our industries work together.

Iowa farmers and business owners are bracing for the possible fallout from President Donald Trump's plan to impose tariffs on imported steel and aluminum. Officials RespondCanadian officials were very quick to respond, saying that they will be changing their own tariff measures.

Trump has since publicly championed his move, bragging that "trade wars are good, and easy to win".

Among the USA companies that may be harder-hit include materials supplier and engineering provider Arconic.

The International Monetary Fund (IMF) has joined criticism of the plan, which would impose a 25 percent tariff on steel imports and 10 percent on aluminium. This was presidential impulse.

U.S. Commerce Secretary Wilbur Ross downplayed the impact on autos, telling CNBC Friday that there's about a ton of steel in an average vehicle - and that commodity now costs $700. Hey, how is the Commerce Secretary supposed to know?

Trump did not respond to questions about tariffs or other topics upon returning to the White House Saturday.

Trump said the steel and aluminum tariffs are supposed to go into effect next week. He said "Another Republican Congressman Pete Olson expressed concern over Trump's decision on proposed tariffs on steel and aluminium imports". Canada is its largest supplier.

In a tweet early on Friday, Mr Trump said the United States will "win big" in a trade war.

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She posed in a pink shade of lipstick and very pink eyeshadow that brightened up her face in a way no other shade could. She's been rocking platinum blonde in September 2017 where she debuted the bold change during New York Fashion Week.

Similarly, a press release from the Beer Institute in February said the administration's proposed tariff would "dramatically increase the cost of aluminum in the US and put at risk American jobs in the beer industry, as well other industries that are users of aluminum".

He later followed this up with a further tweet, saying the United States must "protect our country and our workers". Canada and the European Union have already promised they will. Canadian officials have been making them for 10 months.

He believes that the price of steel and aluminum prices will go up and in turn US -made products will also be more expensive for both consumers in America and around the world.

China also condemned the move, with a Chinese foreign ministry spokesperson saying: "If all countries followed the example of the United States, [it] will undoubtedly result in a serious impact on the global trade order".

Sen. Ben Sasse, R-Neb., released a statement shortly after the president's early morning tweet, pushing back on his assertion that "trade wars are good".

On Saturday, the European Union drafted a list of U.S. industry and popular products that would be on the block if Trump does go ahead and formalizes the tariff.

In fact, he thinks taxes on foreign imports could have helped stop Bethlehem Steel from going under.

He wants the taxes directed at specific countries that sell cheap steel in America. Mr. Trudeau has personally made his case to Mr. Trump several times, and his public sortie Friday made it clear that this time, he's not confident that Mr. Trump's impulses can be stopped.