US Tariffs cause Problems with American alies

Error message

User warning: The following module is missing from the file system: file_entity. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/thethink/public_html/includes/bootstrap.inc).
admin's picture
Metal

Scribe: N. Tru Bass

Email: ntb@thethinkering.com

 

United States of America’s traditional allies continue to distance themselves from what appears to be selfish American leadership. In the latest round of backups is the European Union where officials announced opposition to the White House’s insistence to impose additional tariffs on steel and aluminum creating a quasi trade war.

The seeming coward Paul D. Ryan the Speaker of the House pushed against the new taxes and the presidents top economic adviser Gary Cohn said that he was resigning in a move many believe is directly related to the new tariffs.

The new trade plan calls for new fees with penalties of 25 percent on imported steel and of 10 percent on aluminum. Other allied nation states have also cried ouch, including, Canada, Britain and China. The EU warned last week of retaliatory charges last week and outlined those plans on Wednesday. While the allies have reached out to sponsor some backroom meetings to stave off the new tarriffs, so far every effort has been unsuccessful.

The word from Brussels would, take the case to the World Trade Organization, add safeguards to protect the EU from diverted US Steel and impose equally unreasonable tariffs on a number of American-made goods.

The new tariffs would include clothing, tobacco, cranberries, orange juice and bed linen. The threatened amount would shorten nearly $4 billion in imports, in comparison, the 28 nation bloc spent in excess of $310.355 billion was spent by the group in 2016.

The major concern is the relationship tear caused by the move that is considered unnecessary and greedy on the part of the US.

In response to a Trump social media message saying the trade war would be, “good and easy to win.” the EU leaders responded in kind saying the trade wars were “bad and easy to lose.”  

Rate this article: 
Average: 5 (1 vote)

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
5 + 12 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.