Hold on to your steel and aluminum products folks, because el Presidente Trumpo has just announced NEW TARIFFS to protect those industries from scheming swarthy foreigners!!
President Trump holds a White House meeting on trade rules: “We’re going to build our steel industry back and we’re going to build our aluminum industry back” https://t.co/eBxB3O6lCa https://t.co/Vq5GyFJXc1
— CNN Politics (@CNNPolitics) March 1, 2018
More from CNN:
President Donald Trump said Thursday his administration will impose tariffs on steel and aluminum imports next week, a highly controversial move that Trump framed along national security lines.
Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum, capping a fierce, months-long internal debate that divided some of the President’s top advisers. Anticipating the move, experts have said the move is likely to invite retaliatory measures from foreign countries.
It was not immediately clear whether Trump would exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting key US allies.
Trump announced the move during a hastily arranged listening session with steel and aluminum executives, even though the policy he announced is not yet ready to be implemented.
Now for anyone with the simplest and most basic understanding of economics, or history, you’ll know that tariffs always have very damaging unintended consequences. Luckily for us, Trump doesn’t meet that description!! Bring on the tariffs!! I didn’t get a harrumph out of that guy…
Your economy is about to get MAGA’d.