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Trump didn't chicken out this time, 50% tariffs on metals come into effect
| ''"'''"''"' | 06/05/25 |
| ''"'''"''"' | 06/05/25 |
| ''"'''"''"' | 06/05/25 |
| UN peacekeeper | 06/05/25 |
| ''"'''"''"' | 06/05/25 |
| ''"'''"''"' | 06/05/25 |
| UN peacekeeper | 06/05/25 |
Poast new message in this thread
Date: June 5th, 2025 5:36 AM Author: ''"'''"''"' https://www.bbc.com/news/articles/cj3j7z73yv2o (http://www.autoadmit.com/thread.php?thread_id=5733611&forum_id=2E#48988332) |
Date: June 5th, 2025 5:36 AM Author: ''"'''"''"' Hours before he hiked the duties, many firms directly affected could hardly believe the plan was moving forward, hoping it would turn out to be temporary or some kind of negotiating ploy. (http://www.autoadmit.com/thread.php?thread_id=5733611&forum_id=2E#48988333) |
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Date: June 5th, 2025 5:37 AM Author: ''"'''"''"' He chickened out at least for the UK
"Even as Trump signed the orders, the UK was granted a carve-out from the measures, leaving duties on its steel and aluminium at 25%, a move Trump said reflected its ongoing trade discussions with the US." |
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Date: June 5th, 2025 5:38 AM Author: UN peacekeeper Wow (http://www.autoadmit.com/thread.php?thread_id=5733611&forum_id=2E#48988336) |
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Date: June 5th, 2025 5:39 AM Author: ''"'''"''"' A 2020 analysis estimated that Trump's first term tariffs created roughly 1,000 jobs in the steel industry, but cost the economy 75,000 jobs in other sectors, such as manufacturing and construction. (http://www.autoadmit.com/thread.php?thread_id=5733611&forum_id=2E#48988339) |
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Date: June 5th, 2025 5:40 AM Author: ''"'''"''"' Chad Bartusek is director of supply chain management at Drill Rod & Tool Steels, a small, family-owned manufacturing business in Illinois, which brings in about 800,000 pounds of Austrian-made steel each year, at specifications he says are not produced in the US.
Mr Bartusek said he was currently waiting on three containers worth of steel rod, which would have entered the US without duties at the start of the year.
As of last week, he had expected to pay tariff costs about $72,000. Instead, he is looking at a tariff bill of almost $145,000.
"I woke up Saturday morning, looked at the news and my jaw dropped," he said of Trump's announcement.
Mr Bartusek said business had been steady until a few weeks ago.
But his firm raised prices earlier this year by 8% to 14% to help cover the new cost of the tariffs. Now customers have been ordering more cautiously and he has had to cut back hours for workers. |
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Date: June 5th, 2025 5:54 AM Author: UN peacekeeper Chad problems (http://www.autoadmit.com/thread.php?thread_id=5733611&forum_id=2E#48988351) |