Terrible Tariff Follies!

More Exciting News From Trump HQ!

It is to laugh:

“The Trump administration said Thursday it would exempt the European Union and four other allies — Australia, Argentina, Brazil and South Korea — from steel and aluminum tariffs set to take effect Friday.

“President Donald Trump ‘has decided to pause the imposition of the tariffs with respect to those countries,’ U.S. Trade Representative Robert Lighthizer told lawmakers at a Senate Finance Committee hearing. … The president initially announced that he would exempt Canada and Mexico from the 25 percent tariff on steel imports and 10 percent duty on aluminum.”

So… Comrade Stupid has now exempted the majority of steel and aluminum exporters to the U.S. from his 25% / 10% tariffs.

So what was the point of this stupidity in the first place except to distract the world from sumpin’ else? Gary Cohn resigned over this. 

Though I will say that having a picture of Wilbur Ross making dinner at the Shady Rest is pretty great.

This entry was posted in 4th Reich, Comrade Preznint Stupid, The Russian Usurper, Wilbur Ross the Living Unisom. Bookmark the permalink.

4 Responses to Terrible Tariff Follies!

  1. So essentially, he’s only going to impose the tariff on the one steel&aluminum producing country we have the largest trade deficit with: China.

    Just wait till the Gomers and Gomerettes of MAGALand start having to cough up more Ameros at Wally World, just as the recession being engineered by his new pick at the Fed and his bullshit “URG! AMERICA NEED STRONG DOLLAR! BIGLY!” policies bites them (and all the rest of us) in the wallets.

    Liked by 1 person

  2. donnah says:

    DOW reacted by dropping 700 points.

    Liked by 2 people

  3. roket says:

    Something wicked this way comes. Let’s unpack this a little bit, shall we? Out of the top 10 importers of steel, the following are not exempt from tariffs: Russia @ 9% of the total, Turkey 7%, Japan 5%, Taiwan 4% & India 2%. Also too, Canada is the number one importer of steel to the US with 16% of the total. Australia & Argentina aren’t even in the top 10 importers which means they ship less than 2% each of total steel imports.

    Since Russia is not on the exempt list, 500 Quatloos says within one month Kellyanne will be screaming, ‘Tariffs? What tariffs?’

    https://www.marketwatch.com/story/trump-steel-tariffs-to-hit-these-8-countries-the-hardest-china-is-not-one-of-them-2018-03-01

    Liked by 1 person

  4. Osirisopto says:

    Follow the money. What stocks are the trump gaggle buying today?

    Like

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