Step forward or blackmail? DJT: Tariffs On Steel and Aluminum Will Only Come Off If New Fair NAFTA Agreement Is Signed.

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In his tweet President Trump says the U.S. will not lower tariffs on steel and aluminum from Mexico and Canada unless a "new & fair" NAFTA agreement is signed.
This could be a step forward in comparison with his statement from the last week and dangles the possibility of lifting divisive new steel and aluminum tariffs if NAFTA agreement with Mexico and Canada is renegotiated.

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It's sound more correctly now, but still it's not a way to build trust with other trading partners.

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The stock market lost 128 billion last week. People are baling. And despite their tax breaks, they're going to think of corners to cut; layoffs, closings, etc.

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Time to get out of the stock market :) Sell!

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A few things to think about:

Stock market collapse: October 1929.

Economic collapse: September / October 2008.

Predicted collapse according to economists: 2019.

We have not learned anything from the past, and it's sad.

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Trade officials say World Trade Organisation members from around the world including the European Union, Mexico, Japan and Canada have expressed very strong concerns over U.S. President Donald Trump's plans to impose tariffs on steel and aluminium imports.

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Japan urges U.S. to shun steel tariffs but makes no threats. For now.

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Because Japan not US major exporter. It's South Korea , it's just  a token resistance moreover the steel glut will benefit them!

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On 3/5/2018 at 6:27 PM, damirUSBiH said:

In the meantime. China warns about attacks on free trade, even as it keeps its own barriers in place.

 

China:
Steel production: 831,730 kt
Exports: 75,430 kt (9.07%)

US:
Steel production: 81,640 kt
Exports: 10,500 kt (12.86%)

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On 3/5/2018 at 11:21 AM, franco said:

In his tweet President Trump says the U.S. will not lower tariffs on steel and aluminum from Mexico and Canada unless a "new & fair" NAFTA agreement is signed.
This could be a step forward in comparison with his statement from the last week and dangles the possibility of lifting divisive new steel and aluminum tariffs if NAFTA agreement with Mexico and Canada is renegotiated.

Blackmail? No, it's a negotiation.

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37 minutes ago, Rodent said:

Blackmail? No, it's a negotiation.

In the rest of the world this way of communication people usually call "dead end street." Shortly, one against all.

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5 minutes ago, franco said:

In the rest of the world this way of communication people usually call "dead end street." Shortly, one against all.

So the rest of the world doesn't negotiate and barter, offering one thing in exchange for another? 

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On ‎05‎/‎03‎/‎2018 at 4:46 PM, franco said:

A few things to think about:

Stock market collapse: October 1929.

Economic collapse: September / October 2008.

Predicted collapse according to economists: 2019.

We have not learned anything from the past, and it's sad.

Economic collapse in 2008 was triggered by the sub-prime mortgage scandal, packaging good and bad together and selling them as good. With proper bank regulation this was entirely avoidable, and isn't Trump talking about more deregulation? 

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10 hours ago, Johnecon said:

Economic collapse in 2008 was triggered by the sub-prime mortgage scandal, packaging good and bad together and selling them as good. With proper bank regulation this was entirely avoidable, and isn't Trump talking about more deregulation? 

I think all the current moves lead to a new crisis: the first trade war. I'm afraid of 2008 again. Of course, banks are at the top of that chain.

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