Sunday, March 4, 2018

Trump's Steel and Aluminum Tariff Announcement

On Sunday's morning talk shows our Commerce Secretary, Wilbur Ross, said we don't have to worry about the steel and aluminum tariffs Pres. Trump recently announced.

https://thinkprogress.org/wilbur-ross-trump-tariffs-can-of-soup-and-coke-af4102d5cbc2/

He said the added cost to a can of soup would be pennies and the added cost to a typical car would be less than $200. Obviously this whole thing is about $201 dollars. Why should that bother anyone?

But wait, don't we buy a lot of canned goods and cars? Wouldn't all that add up to a lot of money for the nation? Won't foreign nations seek retribution by increasing the tariffs on U.S. goods?

It's typical Trump chaos. Nobody knows what he might do or what effects it could have and it upsets everyone. And, on top of that, Ross said that Trump might change his mind. We have no idea if this will all happen or if he will change it tomorrow. It's a disaster having a president nobody can trust and who changes his mind so quickly, but whose word is heard and causes people to react. The stock market does not wait for clarification.

Speaking of the stock market, why did no Sunday Morning Talk Show hosts ask Ross if he or Pres. Trump had discussed the timing of this announcement with anyone outside the administration (namely Carl Icahn)?

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