Simply speaking it won't cut down aluminum export from Canada Its a new way to collect more tax from American consumers.
[media=https://www.youtube.com/watch?v=QhUjwQnwtcU]
Khenpal1 · M
Rump thinks someone is going to push a button and all these factories will suddenly appear and start production in one day. Just like he can stop inflation in one day.There are no plans for new aluminum or steel plants, or oil refineries in the USA. What company wants to invest a billion USD in a plant in these unsure times with America very very close to being a fascist state. You can Drill baby drill, and mine all the steel you want, but with not new plants and refineries built. it just sits there. Steel companies will never do that. An oil refinery can take 10 to 20 years to build and a steel plant can take 5 to 10 years to build... depending on the infrastructure, and permits needed etc. Of course trump knows none of this, and how all this will affect Exports, which made America great. All he knows is he will have trillions of usd he can spend or give away as he wishes.. That money is YOUR money you paid on each item you buy. This is how the Great Depression happened, and ultimately WW2
Tastyfrzz · 61-69, M
I'm good with glass bottles.
Tastyfrzz · 61-69, M
Where is all of this tariff money going?
Tastyfrzz · 61-69, M
Ot will force the reopening of coal fired power plants and coal mines.
Khenpal1 · M
@Tastyfrzz I don't believe the tariffs will last for very long. US automakers are dead meat within 1 year. Even Ford are dependent on parts from Europe for car production. Domestically, the US has not built a new coal plant in over a decade, and is on track to close more than half of its peak unabated capacity in the next several years. Although the United States produces most of the coal that it consumes, it imports coal to meet some domestic demand. For example, coal-burning power plants along the Gulf Coast and the Atlantic Ocean sometimes find it cheaper to import coal from other countries than to obtain coal from U.S. coal-producing regions.Fifty coal-fired power plants have shut in the United States since President Donald Trump came to office two years ago, an environmental organization said Thursday.
The Sierra Club counted 50 closures, along with 51 announcements of closure, since Trump was sworn into office in January 2017.
The numbers are distinct because it sometimes takes years between an announcement and the actual shuttering."We're seeing a rush to the exit door from the coal industry and utilities, because the economics don't work out," the Sierra Club's Jonathan Levenshus told AFP.
Despite the president's pro-coal rhetoric, "what the Trump administration is offering is false promises," he added.
Since the fracking boom began around a decade ago, coal has become more expensive to exploit than natural gas, which is experiencing strong growth in the United States and increasingly replacing coal.
The Sierra Club counted 50 closures, along with 51 announcements of closure, since Trump was sworn into office in January 2017.
The numbers are distinct because it sometimes takes years between an announcement and the actual shuttering."We're seeing a rush to the exit door from the coal industry and utilities, because the economics don't work out," the Sierra Club's Jonathan Levenshus told AFP.
Despite the president's pro-coal rhetoric, "what the Trump administration is offering is false promises," he added.
Since the fracking boom began around a decade ago, coal has become more expensive to exploit than natural gas, which is experiencing strong growth in the United States and increasingly replacing coal.