Trump increases tariffs on derivative steel, aluminum products from some countries

[Eugene]

Source: Reuters

BUSINESS NEWS JANUARY 24, 2020 / 9:17 PM / UPDATED 12 HOURS AGO

Trump increases tariffs on derivative steel, aluminum products from some countries

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.

Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles.

Trump has imposed tariffs on imported steel and aluminum to help boost U.S. production, which he says is a national security issue.

Since the imposition of tariffs, Trump said, imports of steel and aluminum have declined but imports of derivative products, like steel nails and aluminum cables, have increased.

Trump said “foreign producers of these derivative articles have increased shipments of such articles to the United States to circumvent the duties on aluminum articles and steel articles.” He said the increased tariffs would be effective on Feb. 8.

Reporting by Eric Beech; Editing by Mohammad Zargham and Sandra Maler

https://www.reuters.com/article/us-usa-trade-steel-trump/trump-increases-tariffs-on-derivative-steel-aluminum-products-from-some-countries-idUSKBN1ZO03U

[dewsgirl]

1. I will bet money, Russia isn't one of those countries.

[sandensea]

2. And that China wouldn't be - had they just thrown a couple billion at his tootsie

[dewsgirl]

3. I've probably seen this photo 100 times, and never really payed

attention to it.👀

[sandensea]

4. When people ask "I wonder what Putin has on him?"

I think we know what that might be.

[dewsgirl]

5. Indeed..he is a disgusting monster.

[Farmer-Rick]

6. Remember when Dumpy Trumpy said on live T.V. that he and

His oldest daughter had sex in common?

Do you think he was friends with Epstein for nothing?

[sandensea]

7. Sure.

And if I were a betting man, I'd say that's what Putin has on our friend Cheeto: videotape of his daughter hauling his ashes.