Shitty widdle titty baby just rocket-pooped all over our allies.
Any intelligence assets in the EU with the goods should launch the pee tape at him in retaliation.
Donald Trump: The Mouth That Roared Wannabee
This is getting too easy. Look for a massive investment in some Spanky property in the affected countries next week, and the tariffs will suddenly be âtentativeâ. Bank it.
And GCHQ? Anytime now, really.
Conspire with our enemies, antagonize and attack our allies: Foreign policy by treason and temper tantrum.
Totally agree. âIfâ our (former) allies are willing to give in to Rumpâs shake down, there will definately be a walk back.
If, OTOH, they decide theyâve had enough then this countryâs economy will probably be in tatters by the end of the year.
Hey they just need to contribute to his campaign/defense fund and he stop this crazy shit. You got to pay to play like ZTE!
Evidently we live in a monarchy. Donât all these free traders in Congress have any recourse, at least hypothetically?
No worries, nothing to see hereâŚthe .001% will be just fine.
These folks will quickly change around their stock portfolios, sell off whatever assets they have in certain sectors, reinvest in other sectors and come out of all this, at the other end of hell that theyâll be putting the rest of us through, with some kind of profit in their pocket. Theyâll spend more luxury goods they donât really need and no one will be the wiser. And just when theyâve made their profit or the markets react negatively, tRump will reverse himself and say something stupid like, âwho couldâve thought trade could be so complicatedâ.
So what trumpâs now extorting Mex, Can and the EU until they make investments in his trump properties in Mex, Can and Europe before heâll lift the sanctions? b/c you know a china 500m investment in a trump development buys alot with this adminâŚ
Welcome to the Trump Tarriff Tax Hike.
Most steel and aluminum made in Canada and Mexico to be destined for the US market, are subject to long term contracts keyâd to the existing NAFTA.
Any remaining steel and aluminum made in those 2 countries that ends up in the US was made to be destined for other markets, and in some cases is, either for booking purposes or less often actually, delivered into other markets, and thereafter shows up on the international âspotâ market that metal sourcing agents make a living off tapping into for US end users.
So itâs only going to be steel and aluminum thatâs made in either Canada or Mexico NOT already subject to one or more long term delivery contracts keyâd to the existing NAFTA, and NOT made their for delivery to some market other than the U.S., or, IOW was made deliberately and consciously intended for and aimed at the spot market here, that will be subject to the tariffs envisioned today by the Trump White House.
So â what exactly is the VOLUME of that steel and aluminum thatâs made in either or both Canada and Mexico and initially aimed for the US spot market?
Zero. None. Nada. Bupkis. The specific subject goods that would be subject to these tariffs, in fact do not exist.
If they in fact DID exist, then the reality abides: steel and aluminum each is a highly fungible good easily enough adapted to evade specified country-of-origin tariffs.
IOW, even if these 2 production markets existed - which neither does; there are no such production markets that exist and the circumstances under which they might come into existence are economically silly even in the abstract - enforcement in the US is, at best, an extremely expensive waste of resources, and all such expense and waste will fall to American companies that use the product and that market what the product is used for, as well as end product users, to wit: Americans.
But it gets worst:
IF the federal government seeks to enforce these tariffs on Canadian and Mexico steel products and aluminum products delivered into the US under pre-existing long term contracts tied to the existing NAFTA, then the ONLY recourse the government has to collect has to be to the US-based RECEIVER of the products.
And since such domestic receivers will not wish to bear those additional beyond-budget costs and expenses for building materials, many of them, if not most, and indeed perhaps all, will proceed to pass on those costs in the price to the end users here. IOW American domestic consumers will end up paying 100% of whatever of these tariffs the administration may succeed in enforcing.
And still worse: For a NEW American manufacturer or any NEW building project requiring steel or aluminum or both - which is basically ALL of them - that doesnât already have a long term contract tied to existing NAFTA, the burden of the additional materials costs inevitably will be factored into the decision-making, not just of what to build with, but whether to build at all â because US domestic steel and aluminum makers are already maxâd out in terms of having markets and customers for all their production.
So, fake, expensive, retrograde and punitive to Americanâs: this is about a horriblly antithetical a tax to the avowed ideals of Grover Norqist and Paul Ryan as can possibly be imagined.
The market reacts:
Again�!
As Iâve noted in other threads, this is the basic Trump grift model at work: ask someone for something under the table, punish them if they say no, collect the grift when they cave, announce a miraculous policy exception, rinse-wash-repeat.
WARNING: FUCKING MORON AT WORKâSTAY BACK!!! 
One of the former leaders of American IC called this mid-way through last year, when he testified that the Russians wanted to sow division between the US and its traditional allies.
It looks like theyâre getting what they paid for.
âRoss told reporters that talks with Canada and Mexico over revising the North American Free Trade Agreement were âtaking longer than we had hopedââŚâ
ââŚbefore nodding off again.â
Oh fer cryinâ out loud! This make believe prez wakes up in a bad mood one day and decides to start a trade war- no consultations, no planning, just BANG!
With friends like the USA Europe sure doesnât need enemies. Maybe China will fill the gap. Look what theyâre doing In Africa while we and Europe dither.
I had to check the date on this article. Didnât the administration impose steel and aluminum tariffs just a few months ago, only to then give exemptions to Canada, Mexico, and South Korea (our main sources of steel)?