Steel trade US

Trump’s delayed putting planned tariffs on UK steel and aluminium

And everyone's pretty happy about it

Tariffs on aluminium and steel imported into the US from the EU, Mexico and Canada were supposed to come in today.

What it means: The planned tariffs are all part of Trump's plan to stimulate US industry by making it more expensive to import stuff from abroad. He's already put tariffs on products from China, which has put the countries on the brink of an all-out trade war.

The EU has said it'd retaliate to any tariffs by doing the same on 'iconic' US products like Harley-Davidson motorbikes, and bourbon whiskey.

The decision to postpone the introduction of tariffs came after the Wall Street stock market suffered yesterday – the stock market acts as an indicator of how confident people are feeling in US business. If things are going great, they invest lots of money, and the market becomes more valuable. If they're worried about the economy, the opposite happens, as happened yesterday.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?