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#ustariffs

4 posts3 participants0 posts today

alojapan.com/1286885/trump-ann Trump announces 50% steel tariffs and hails ‘blockbuster’ deal with Japan – The Irish Times #DonaldTrump #Japan #JapanNews #news #USTariffs Donald Trump announced on Friday he was doubling foreign tariffs on steel imports to 50 per cent, as the US president celebrated a “blockbuster” agreement for Japan-based Nippon Steel to invest in US Steel during a rally in Pennsylvania. Surrounded by men in orange hardhats at a US Steel plant in West Mif…

ABCNews just now… about rising inflation due to #USTariffs. #DonaldTrump and his tariffs have little to do directly with rising prices in Australia.

#Australia produces enough #food to feed the country and export some as well. Don’t belive the hype. Eat #seasonal #crops.

Australian consumers just need to keep purchasing the lowest price for the quality they want regardless of US imports. In other words, Let The #Markets sort it out (a la the best of #neoliberal #economic thinking). If something becomes too expensive to bear, just don’t buy it.

Also, what we are beginning to see is Corporate and Large business #grifters using the ‘beat-up’ of #Tariffs (borne by US citizens and US businesses only) as an excuse to jack up their profits.

The ‘spreading’ of increased costs on US businesses (from paying tariffs on the goods they manufacture off-shore — a perfect own goal for the #TrumpAdministration) over all of their markets (again, to maintain and increase profits) deserves a consumer backlash worldwide. DON’T BUY US IMPORTED GOODS.