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Lamplighter55 Posted at 2018-3-22 15:40
For steel and aluminium tomorrow - the 23rd March 2018. ... But ... with Trump nothing is ever certain... as there are exemptions. The EU just had a meeting about it all and there could be counter tariffs rolled out. Great, just what we don't all need - another global recession!
Oh and the 'China tariffs' signing today (22nd) was only an intent - there will be 'consulation period' to draw up a list of products - and as yet, for an unspecifed period of time.
FYI. the retail price of steel rebar has be going up about 10% per week for the past 3+ weeks where I work and we am being told, supply is limited so we can not sell in quantity and can only sell what is in stock cause distributer can not guarantee delivery of more product. It is my understanding that the tariff was done to help the steel Industry, but what I have heard, the steel industry does not plan to gear up their manufacturing plants to cover the short fall of steel from china until they see the price of steel go a lot higher and stay up, to justify restarting their plants. My feeling is that the American people are going to be the only ones suffering from this action. |
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