Trump has announced that he is putting tariffs on steel and aluminium. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss. To get even more TYT in your life, go to https://TYT.com/app and download our free app!
Read more here: http://money.cnn.com/2018/05/31/news/economy/united-states-steel-aluminum-tariffs/index.html
"The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday.
Mexico, the EU and Canada immediately announced plans to retaliate with their own tariffs against American products.
Trump announced worldwide steel and aluminum tariffs in March but granted exemptions to some major trading partners.
Canada, Mexico and the EU were among the countries granted relief while the United States pursued negotiations to address the administration's concerns about the state of domestic steel and aluminum production. Those negotiations had a Friday deadline.”*
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
He doesn't like German cars sold in America? So all those thousands of dealerships right across the country that sell BMW, Mercedes etc can now look forward to reduced sales because their cars will become a lot more expensive. You have to wonder if Trump even knows that America makes (and sells) cars in Germany and the EU generally, and you can bet your bottom dollar that the EU is going to take a hard look at that. Opel is General Motors, and so is Holden in Australia. Etc. And of course doing things like "bringing jobs back to America" sounds great but is actually going to COST jobs. If Apple takes its manufacturing plants out of China and brings them back to the US, their already overpriced iPhones etc will end up costing a lot more. I rather think Samsung is hoping and praying that Apple will be forced to make its phones at home! Samsung already outsells Apple two to one as it is, and Trump boosting Apple prices will be just what the doctor ordered, as far as Samsung is concerned.
Trump knows what’s going on . Fair is fair . We are taxed and their not. Trump understands this. One way to make America great again.the young Turds need to flushed down the toilet.Ana have you serviced Cink today? If not get your ass under that desk and do your job.😂😂😂😂😂
No you stupid twat. The EU slapped tariffs on all goods manufactured in the USA and imported to the EU.
Trump then slapped tariffs on all EU goods manufactured in the EU and imported to the USA.
The EU _THEN_ reversed its position, and is now negotiating for Zero tariffs...
At least try to keep up with the timeline. But it is a resounding win for Trump.
Judging by the Liberals comments..they are clueless on how to Run Business and now is clear why they supported Obama destroying the American Economy..you all thought thats the way it supposed to be lol..
you tr4uly are stupid huh lol..he made over a 100 m illion off that Casino by shutting it down..thats why he is smart..Many Casinos closed down cause under Obama nobody hads money..But Trump shut his down cause under a bankruptcy loss he made over a 100 million to shut it down..you people,e are so stupid it comical..This is why they tried to slam him on it..they were mad cause he made so much money to buy a Casino then close it down..
In Trumps mind the EU and Canada are not allies at all because immigrants.
In the Obama era there was a strong admiration of Russia by the right and a contempt for Trudeau and the EU. Trump knows his base.
TRUMP is making America the laughing stock of the world and this is what America gets for allowing friedrick trump into America he should have been turned away after all he had no education ran away from the draft in Bavaria not unusual ALL trumps are born COWARDS and could not speak English
You can say everything is for national security. You can say that scratching your ass is a national security matter. Unless it's a direct threat to the US like nukes or chemical or biological threat. Than national security is nonsense
USA start trade war with Mexico Canada EU India china, and Russia and Iran, I don't know what trump is thinking if he is having trade war with only China USA may have chance to win but USA is literally in trade war with everyone , trump is either too genius we fail to notice the benefit of trade war with world or he is too dumb to see the consequence of his action
BTW this is just the start, if it's cheaper to move production to the EU and Asia and then exporting the finished product to the US that is what they will do.
A fairly retarded monkey could figure that out but not Trump.
Don't forget that many pro Trump voters change from camp and the US is divided in two. What I mean by that is that you can create a civil war with one another as a result of the loss of JOBS. We, in Europe are ONE (except for England with their Brexit ). I also noticed that there are more and more pro Europeans in America, so this can never end well for your America. The only thing Trump is counting on is that Europe exports for $ 360 billion to America and America only $ 240 billion to Europe, he thinks that the difference of those $ 120 Billion can cause us damage that he can take away from us, but he forgets that we can easily export to other countries in the world and keep our economy together with the European countries together, but America is already being isolated by most of the world. The dept of America is now almost $ 24.500 000 000 000 ( Trillion )and the dept is increasing by $ 45,486 per sec. Don't mess with Europe Trump !!!
ok all you morons who are bitching about the president imposing tariffs on goods coming into our country, you should know that every single thing we send out to other countries already have tariffs on them. the president is just doing to them as they have been doing to us for many years
When you're country is getting the short end of the trade stick, and your trading partners don't care, you apply tariffs. This balances the scales and helps you. If your trading partner then retaliates and applies tariffs to your goods, it actually hurts them.
Trump is destroying the western powers from within. And when he succeeds, there is no stopping china and Russia from advancing unopposed. Sad that his followers care more about bringing back prayers in schools and stopping the gays from marrying rather than world peace and global stability.
China used to be the world super power, including the military super power. They fell to almost 3rd world status, not because they ran out of resources but because a new leader made bad decisions. Their social, economic and scientific advancement stagnated and then declined.
Just making a comparison.
If that idiot President can't see that all the US exports can be bought elsewhere, where does he REALLY expect his economy to be in a year when US exports drop at alarming rates. China had said they would tariff soy beans from the US in retaliation, but they also are looking at soy beans from Canada at the same time. He is not doing American farmers any favors. LOL
Yes Mr. Trump, most of your goods can be produced outside of the US. Stop watching FOX only and listen to "ALL" your people and not just your electoral base.
The American Shadow Government has put the rope around the tree branch. They are now waiting for Trumpster to put his fat, girly head in it. He's a bad joke being played on all of us. Mr. Trump. "You're Fired".
We do have a very strong economy with the Fed predicting second quarter GDP at 3.7%. Canada already has 19000 plus tariffs on US. Do your homework bitch. Your buddy Obama had a sub-par 2 % economy with his last quarter being 1.7%
Ok, Trump wants a trade war? Let's give him a trade war.
I will hereby boycot every single product made in the USA. And I will also advice everyone I know to do the same and tell others too.
This will continue until Trump gets impeached from office. I've had it with this childish idiot. He's screwing over the world and he has to be stoppped. Remove his worthless ass from the Oval Office before he destroys everything. IMPEACH TRUMP!
I'll say this again: In ten to twenty years you will see a drastically disabled executive branch with management by committee and a lot more legal restrictions on both candidates and the President. Or you could see a dictatorship. People are stupid-hopefully not that stupid.
um TYT...they already do Tariffs on us..they are only threatening to raise then higher..But they will lose this fight..Anyhow how Shameful you are siding against Americans to keep unfair trade that suppresses and destroys American producing anything..Just like a Democrat..side against Americans ..side against America...
A lot of Dump's supporters do not realize everything in Walmart is made in China, it's true. Americans want work for $37 a month, if the jobs come back, would you work for $3.75 an hour? Think about your nationalism before you answer. MAGA y'all.
Oh yes the consumer will pay at the end, definitely not the rich class. They will raise the price to keep their multi million dollar bonuses and blame it on the tariffs. Just make local american shit and sell it to local Americans for now. I'm pretty sure this will stop US companies from exporting materials to china, having the Chinese assemble the products at slave wages and ship back the product to the States to sell it to the "rich" middle class Americans at 100 times the price.
There is no situation he wins this trade war.
The USA is a serviced based industry, much like the UK. Trade isn't something it can simply throw under the bus, it's industrial landscape is either too high on the process ladder or not in any state to support the demand of consumers. He can ban exports from the US all he likes but again it's a service based Country, there isn't much of anything anyone really cares about that impacts other nations trading with the USA.
Raw Materials necessary for Microchip production
Raw Materials necessary to build said cars and motorcycles.
There is no winning this. The rest of the world knows it. But Trump will use this to prop up his base in order to try and survive the elections, it'll only be later that they start noticing the prices for products going up.
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