He forgot to say the price of trucks to transport goods and fuel will go up which is passed on to the customers and drive the price up on goods over all. Thats more then a few cents we are looking at. The price of new cars will be up which drive up the price on used cars. Farm equipment goes up which drives up vegetable and meat prices and it goes on.

@yodaddy82daddy70

6 жыл бұрын

Jovon Ramsey That is correct. Those areas will also be making more money by keeping jobs in America. Are you against America?

@yufengma5663

6 жыл бұрын

+Kermit The Frog First, Bush administration did the similar thing on Steel and Aluminum industry, and didn't get good results. So he stopped after months. The higher cost will force the industries that are targeted at other counties' market out from US. For instance, US automobiles sells millions cars as well as tens of billions dollars of agricultural products like beans and corns each year to China. Secondly, large portion of American labor nowadays aren't willing to do nor qualified for the jobs in assembly line because of the welfare and education systems as well as the impact of drug. The employees in government now are more than twice as the number in manufactory sector. Thirdly, another critical reason forcing manufactory to move out from US is that sector of finance and bank dominates the US economy and greedily sucks profits from all sectors. Even government can make the companies invest in US, they will likely put the money in stock or bond market, not in entity economy. Compared with the quick profit from stock market, investment in entity economy in US will take years and may not see any result even after Trump administration.

@MrAapasuo

6 жыл бұрын

Kermit The Frog So either those manufactures pack up their stuff and leave, or they will be forced to raise product prices since they cant get the raw materials as cheap as before. And when prices rise less people by said product. Steel and aluminium are used in a lot of stuff so this will affect all those industries.

@MrAapasuo

6 жыл бұрын

Kermit The Frog So its either price rise on products that harms consumumers. Labor cuts which, you quessed it. Means less jobs around. Automation, which again means job cuts, or getting cheaper logistical services, which given how big these guys are I think they have done already. What exactly could they do that wouldnt hurt americans in some way?

@yufengma5663

6 жыл бұрын

+Saberspear Unless Trump adminstration changes the situation that greedy bankers dominate the US economy and makes investment in entity economy more profitable, the higher tariff won't change anything. If Trump's tax reform was specifically targeted at and made more tax cut for the manufactory sector, I would agree on the higher tariff. But now, what's the point.

Of course Canada is strongly opposed. Be with the tariff America will win.

How about car, washer, dryer?

@defenestratefalsehoods

6 жыл бұрын

naper806 - dont forget the trucking companies will pay more for trucks which is passed on to their customers which drives up the price of anything you buy

@cuongvo1

6 жыл бұрын

Brian Kovac someone fail high school. A car cost $20000. When a car go up 25% because of tariff. That car now cost $5000 more. Who want to buy a car that is $25000 but have features of $20000 cars. People dont buy stuff when they are expensive. That is why everything is made in china because it is cheaper.

@rickychavez1473

6 жыл бұрын

Brian Kovac yeah IDIOT how do you transport cars, washer machines and other things on plastic vehicles, and the machines that makes them are not made out of paper either. The industry is going to find a way to maximize their profits, either by raising the prices or robots are going to do the jobs now because they're not going to get the cheap steel or aluminum from China anymore. That's if no trade war breaks out then inflation really going hit everybody.

@rickychavez1473

6 жыл бұрын

Brian Kovac Bro I'm an American. Yeah I'm Mexican American but I live the United States it don't affect me what happens in Mexico. And finding ways to maximize profits means that robots are going make those jobs not humans. Have you heard of the word automatization and the word inflation.

Yea

Ok 3 cents of aluminum on a beer can x 10% Peanuts. How about a non-cherry picked example, a car. Cars use Steel and Aluminum throughout most of its construction. Still think the tariffs are going to be peanuts Mr. Ross? This Tariff is about politics not economics. Yes it will help the heavy metals industry and hurt everyone else, just like when Bush tried this in 2002.

@vernongrant2199

6 жыл бұрын

It's $300 per ton of steel and $2,000 per ton of aluminum. The average car uses about 130kg of aluminum and 1 ton of steel. In terms of the total cost of the car, the increased tariff on these materials is still peanuts.

@mmarsh1972

6 жыл бұрын

Most people don't consider $300 peanuts. www.wsj.com/articles/steel-aluminum-tariffs-could-raise-car-prices-by-300-1520867757

@vernongrant2199

6 жыл бұрын

mmarsh1972 I wanted to read the article you sent me, but I don't have a subscription so I was unable to read it, but thanks for sending it. However I can't see how these raised tariffs could possibly effect vehicle salse that much if at all. Vehicles are very expensive, $300 is really a tiny amount campared to the price of a vehicle. I think we also have to take into account how much of the materials used in production are from recycled sources. Most people don't buy a new vehicle with cash, they buy them on credit over a long period of time. If a $300 increase in price is a deal breaker, then maybe buying a new vehicle isn't the best financial decisions in the first place. Most poor people buy vehicles from the secondhand market anyway. There is actually a lot of variables I can think of that people are ignoring in this topic, It's complex. If you have a different perspective I would like to know why, maybe you know something I don't?

@andyh8239

5 жыл бұрын

So what you are saying is they should reduce the workers wages by xx% Oh of course your not, because you want higher wages for Americans, but you want Americans to purchase from low wage currency manipulating foreigners. *face palm*

beer cans? really? what about cars, trucks, trains, houses...there are a big thing base on it, its called the economy.

What plan? Verbal diarrhea is not a plan!

My job is threatening to shut down the BMW plant in South Carolina. Because of this I will lose my house and everything along with probably over 100,000 people

What about tinned and dried goods?

In regards to Nafta, he is supposedly negotiating to agree with the other member countries while at the same time he gives them a blow unexpectedly. A betrayal to the very essence of the negotiations, the pursue of an agreement!!

With tariffs. There’s no winners. Everyone loses

Sometimes it feels like he's trying to destroy us... I just don't understand.

Well it's officially a problem

It's going to be good that he is doing this by doing so it makes competition and the tariffs off set the cost of what you would lose

Oh Wilbur....just sit down and stay quiet.

OT But at 2:47 does anyone else notice an OSHA violation? I've never worked in a factory environment before but I'm assuming that if you keep your long hair untied, your only asking for a scalping!

the tarrifs will mean more jobs in america, foreign countries are missing the point

The looser would be other countries export to the US, cause their cost would be higher & the locals could produce more for covering the import! He he he!

if you hurt the rich then you also hurt the poor..

Without tariffs almost all work went abroad in a very short time. Corporations will do anything to save a simple Penny. In the 80s tariffs existed for many things imported. When Ross Perot was running for president he demonstrated what would happen with free trade. Everybody laughed at him but what he predicted is our current reality. Just saying

Tarriffs are good! Drama queens!

Don’t compare Obama to Trump. Obama was community organizer and Trump is a world renown business man. Big difference.

Clearly not dump Trump

This is why I always thought non-Americans should be able to join debates & not be yelled down by GOPers. The President of the US makes moves & can effect foreign markets & jobs around the world.

We just need to run larger deficits. Learn MMT!

The consequence of this saga is that from now on, every American patriot will have to have pork and soya beans for his lunch and dinner on a daily basis.😃😃

If we build durable products, that are worth repairing, they can be more expensive since they would hold longer. The throw-away society has to end. Whether there are tariffs or not: we just make more countries dislike us, but that is not the real problem since this idiocy will hopefully be reversed by the next, a real president. Building durable goods that last three times as long can cost twice as much and our workers will have work AND a decent wage.

I guess that massive wall will be built 100% from American steel. Which is great, until the steel runs out and then you have to pay more yourself for your own damn wall.

Buy American and you have nothing to worry about. Buy foreign imports and you'll soon realize that they're not so cheap anymore. We need to go back to buying Made in USA anyway. About time.

How many times do we need to buy car, washing machine? Once in more than 5 years. If this tariff war will result to thousands of new job, let it be.

@TheBestWayOne

6 жыл бұрын

Keep Buying American Made over communist made

I thought mr.Burns was just a Simpson character..!!

* Import and export taxes * Not only on steel and aluminum Must be on all products with countries that tax the USA The ratio of taxes on import and export to the price of gold grams and the currency of those countries that tax the United States of America for import and export In order to maintain justice in the world trade market.

Carl Icohn benefitted, dumped his steel stock 3 days before 45 announced tariffs

This is olds, not news.

Finally, making America great again!

Forgot the US military. Aircraft carriers and tanks are not made of cardboard.

winners and losers? ultimately after domestic industry adjusts, the American worker wins. Considering trade deficits, we would be better off trading with nobody and manufacturing everything ourselves. There are very few things we couldn't manufacture as cheaply or cheaper than anyone else. I know this concept will warp the brains of economists who have been trained differently, but think about it.

History is full of wars that were "good, and easy to win" . . . but that dragged on in all kinds of unforseen spin-off and ended up costing far, far more than was originally thought. The ultimate losers are the consumers -- with most gains being short-term. There is the very real fact that with softwood lumber for example, the US demand FAR outstrips domestic production. The mill owners prosper, perhaps some jobs are created there. But in short order a significant percentage of the population can no longer afford a new home and profit-wave of demand crashes. With steel and aluminum there is the very real fact that US trade unions waste a LOT of money, slow down production, stymie creative solutions and drive up the cost of US metal to the point where protectionism is the only way they can compete on a global market. Like the softwood tariffs, it's just further inflating a bubble who's only destiny, is to burst. Perhaps at time when the US economy, crippled by trade wars, can least afford it. Yes, the US is BIG. But her National debt is MONSTROUS. It will take far far less than the POTUS thinks to destabilize such a nation. Already the stock markets are wobbling.

How much would the latest iphone cost if it were made in the USA? A lot of wages, not just in the US, are geared to the availability of cheap goods. If those goods were all made in their respective home countries, prices would sky rocket and wages would have to follow. Then it would cost more to produce them, then wages would have to go up to buy them and keep the manufacturers in business etc etc etc

@elcajondavid1

6 жыл бұрын

waiotahi52. I think you would be surprised, but most economist have already said most would go up, but by very little, which in the long run benefits our country.

@waiotahi52

6 жыл бұрын

Importers won't be able to afford what the US makes. This will not be good for business.

Why not they have made millions on us we need to regroup and try to recoup some of the money we keep giving money to other country's and not taking care of us

are you really want to make all of us harder ??

These guys are talking rubbish ! What is the alternative ? Do nothing and let things go on as they were ?? To go on getting ripped off and do nothing ???

What about adding the worlds appearance of how we are loosing support. I would not be surprised to see China and other countries simply not exporting to the US. We are a big duyer, but not so big that it will have such a great affect on their budget and corparate loses. But it would just about shut down this country and affect the stock market drasticly.

Some people forget to know that Donald Trump is a business man, maybe trying to divert attention from oil.

This is what you get when you donate millions to a presidential campaign!! Like aluminum and steel industry did to Trump campaign!!

@TheBestWayOne

6 жыл бұрын

Buy American not overseas cheating crap

@beyondspace3736

6 жыл бұрын

correct , been said for twenty year trump only one standing up to the junk coming in to America

@OmegaSnake94

6 жыл бұрын

Not an arguement

@mrob611

6 жыл бұрын

I would be nice, if we could. However, buying overpriced and inferior products gets old. If these tariffs are passed, we will see inflation and the general erosion of quality.

@mrob611

6 жыл бұрын

Huh? Junk like superior cars, electronics and other goods that are not only better, but less expensive.

I am a huge Trump supporter. I just bought 1018 carbon and 303 stainless steel. The price has gone up 20 to 30 percent since the Tarrifs were announced. Its gonna be this way fro a while until things get back up and running over here. We must weather the storm. Get the mills back up and running over here. KEEP THE UNIONS OUT.

He better switch to Diet Coke plastic bottles.

The US should impose tariff 25% on electronics to pay off the national debt and for the national disaster that is going to happen very shortly.

apart from closing the u.s. nuke bases in europe. the dow index keeps plummeting

Trade imbalance means sooner or later trade comes to an end, because one side has no more money and on that day the big business owner who profited at the expense of American workers, just take their money and leave the rest in abject poverty.Many Big businesses and their mouthpieces (such as media) are nervous, as the profit of big business (which comes at the expense of working Americans) might be reduced and go into working Americans pocket.

united states steel corporation stocks NYSE : X is rising. Opportunity to invest !!!

Attn all american companies , time to buy domestic.

Free Market..... Up until foreigners shut the door and you are left holding your #### in your hand and it becomes a crisis. Up the Tarrifs, and produce it domestically, win, win.

If US want to put a tax in import, that is the RIGHT of US..do US try to say when India put tariff on anything that enter their country? These countries can suck it up or try to sell their product else where..that is a free market!

would be so dissappointing to allow this fool to get his twisted untruthful dishonest way

Our carpenters will become jobless since the price of properties will skyrocket

Get ready for a $4,000 iphone& galaxy 10. 🤣

Thought Sanders was meant to be the socialist.

Canadian Justin Trudae his a trader for Canadians. He needs to be kicked out of that country.

if you up this morning and having to see my message and you are winner

Trump said it 2.decades ago and he is consistent

And the biggest loser.... The US.... Again!!!!!..... And again.... Wait!!! That will be the actual regular customer paying more.... 😱😱😢😢😢😢😢🤑🤑🤑🤑🤑🤑🤑

Rick is so right, the stock just crashed last week (3rd week of March 2018) after Trump announce he will do tariff with China next. Stock drop 12% (1,300 points) and might continue down which cause stock crashed, loss job, higher prices, lower revenue, etc...at the end, it might eventually trigger the next economic crisis!!! :(

Lol we are worried about America not Canada not UK thank you trump for helping American jobs.

Trump is chickening out, LOL.

Most stupid analytical point of view. What is happening is that USA steel is really like their car industry .. Inefficient, Crap and expensive can't compete with others. So if this happens will led to increase in the price of everything made of steel or aluminium in USA, cars, trucks, construction, infrastructure, food packaging.... Etc. I think EU or Canada put more tariff on USA car import or appliance.

@TheBestWayOne

6 жыл бұрын

Eu puts a 29 % tax on Us import vehicles

Short term it will be the folks who already have foreign product sitting in Warehouse. They can resell higher than cost. Long term it'll be the US worker. Demand for product will increase causing new Mills to fire up..this means more jobs. Higher wage. We have a 550 MILLION trade deficit! For decades the USA has lost. Stats speak for themselves. 550 Million is pathetic!

@edwardmyers8782

6 жыл бұрын

What Mills our Mills would have to be built from the ground up the cost if this will quite likely be higher than the h 25% tariff leading to higher cost for the consumer lost jobs ect.try doing reasearch look into the great depression and it's causes

@edwardmyers8782

6 жыл бұрын

Also the economy of the United States is larger than the next six economies combined how can they buy as much from us as we do from them

@Garapetsa

6 жыл бұрын

Edward Myers built the Mills!

@2000Betelgeuse

6 жыл бұрын

Steel ain’t comming back dude.....those tariffs even if they get implemented it will be for a short period.....not enough to justify the investment and the hassle of dealing with unions and pollution controls

@Garapetsa

6 жыл бұрын

2000Betelgeuse we shall see. Unions and those controls killed the industry. Let see if we learned anything from past

Hey Trump! How about you start tariffs on imported oil and start using your own damn oil! At least then I will not call you a hypocrite or fake!

How can any of you speak .... Do you guys know how to economy work?? This how we increase our spending at home instead of put our money in other countries this will lower the cost of american made stuff they charge so much because no one buys

Get off my news feed!

The EU Nazi's have been massaging the system for years, its time the USA brought it back into line. America has been the loser for far too many years, while the EU Nazi's have been laughing at the USA. The Nazi's have had it their way for far too long, Trump will stop their corrupt little game. Well done Mr Trump.

"To get it cheaper" the shippers will have to drop their prices. Mercedes-Benz for $30,000. How about that? :)

Nice many third world countries and countries that required rebuilding fast will have cheaper steel and aluminium from China because of US Tariffs ....... ...... US will be super happy to make their own steel and aluminium for american people.

Since George Washington tariffs have worked to benefit the U.S. When we got rid of tariffs all the jobs went to Mexico and China.

@celefin6494

6 жыл бұрын

1930

@6whitefeather

6 жыл бұрын

EAXCTLY!!!!!!!!!!!!! Remember NAFTA?

@minmaungmaung8129

6 жыл бұрын

L.J Ross - If Americans are to buy only products made in America, then the products will be expensive. The industrialists will have to pay competent remuneration to their workers for them to buy their products. In the meantime fair wages are rare. The top management took the lion's share of the profits.

and... to have a 110 year old billionaire Ross supporting Trumps phenomenal short vision tariff plan is such a joke...

I dont care what will happen on Americans. But I am sure that China's economy will be negatively impacted. As a Chinese, I hope government can help us get through this tough time, and achieve our CHINA 2025 target !

Not one comment by media and politicians that the US has been in a trade war for at least 25 years. Nor that 140+ countries use a VAT tax that is a de facto across the board tariff on all imports. The US does not have a VAT tax. The VAT is protectionism. Mexico has a 16% Vat tax. So everything US exports to Mexico is charged 16%, everything Mexico ships to the US is free. Why nafta sux so bad. Calling that a free market is a bold faced lie.

@elevenbravo1991

6 жыл бұрын

Bingo!

@skyenddragon2225

6 жыл бұрын

A good point.

Any news outlet that uses CNN as a talking point lol ..get real

Trump will put a tariff on over sea oils. Gas prices will go up, up again.

@6whitefeather

6 жыл бұрын

Not if we re-open our own oil fields.

Trump MAGA

So what I'm learning here if the blue collier worker get a good paying job then it is bad for everyone else and we need to stop it. Well blue collier workers if the other people in the US doesn't want us to have a descent job then if a war breaks out don't be there. Don't go serve, don't go into manufacture the war materials, let the people that it would hurt go fight and die for their money. If we're not allowed to take part in the good economy. Then we don't need to share in the bad times. Let them get their children back in a box.

Obama tried to do the same thing with tires and it ended up in disaster. It's one thing for Trump to ignore Obama's good decisions, but it's another thing for Trump to refuse to learn from Obama's mistakes

@elcajondavid1

6 жыл бұрын

gamer7916. Sorry, we have been losing the economic trade war for a very longtime now, meaning we can't keep this up for very much longer without the US falling flat on it's face.

United States of America is in trouble... Take it from me, the dude from a 3rd world country... I see traits of what causes downfalls... Trump should have done this in a procedural manner on specifics like Obama because targeting a whole industry against a country's exportation is a call for war... He is a bad negotiator, he says he's in talks yet he's making such an irresponsible move!!!

I don't know who is winner But I know who is loser #Donald_Duck

so steel will become even cheaper in my country, because the Chinese will sell it cheap to others....so my country can make cheaper products for the world market...and keep the USA products at bay by quality and price.....thx to Trump to secure the jobs of my family.... PS: i own 2 motorcycles and none is a Harley !!

Trump sounds like a fool, but he is actually pretty smart, the fools are the people who buy into his con.

Impeach 📢🙋🏼‍♀️

@johnbond5346

6 жыл бұрын

L. C. Impeach your mom

@Two-zj3rd

6 жыл бұрын

John Bond Impeach your das

Idiot is looking at the cost of a drink can, how much will it drive up the cost of American automobiles which have a lot of aluminum and steel in them. Make an engine and transmission 10% more expensive and millions cannot afford them. He is not going to give us the tariffs to spend on more expensive consumer goods.

A very good way to help our trade deficit

@dawnoceanside7300

6 жыл бұрын

Jason Carr perfect for inflation. DUH!

@6whitefeather

6 жыл бұрын

Foreign countries tariffs are ALREADY against the US.

@southchum101

6 жыл бұрын

Nobody buys steel or aluminum from the US. China can out produce America driving the prices down. Everybody buys steel from China anyway despite high tariffs. The US steel industry is just trying to protect its home market but Chinese steel produces will just lower their prices to account for the higher tariff.

@jasoncarr2887

6 жыл бұрын

All those a valid point looks like i need to go used the google some more

@jangler007

6 жыл бұрын

If jobs are created domestically, they will be without healthcare, low paying, tax-payer subsidized and the worker will be applying for food stamps. The government will still take the numbers and say, x amount of jobs created.

I love Trump... just buy the iPhones which are made in USA ... dont sell China soybeans, oil, gas...let Chinese cold and hungry ...

Make MAGA cars out of sawdust and plastic. Call them Trubants :)

God Bless President Donald Trump !!

@billybangbang9180

6 жыл бұрын

DONALD TRUMP IS A DAMN GOOD MAN... A DAMN GOOD MAN... DAMN GOOD FOR NOTHING AND LESS THAN USELESS !!!

@gcordy2658

6 жыл бұрын

Someone who lies so much needs our prayers

Now this is the Trump I love! #MAGA

@gcordy2658

6 жыл бұрын

You have to love those that need it most, poor dotart.

Trump/Pence 2020

@didequen3339

6 жыл бұрын

Jason Young, i love it, those who think he is bad, need to watch. Globalization destroyed automobile industry in usa, china is the biggest guy will get hurt here. I rather buy $75 shirt made by american than $7.5 shirt made in china

@cb2001dino

6 жыл бұрын

dide quen China isn’t going to get hurt. USA imports only 2% of its steel from China. It’s going to hurt the automotive industry due to increased manufacturing costs.

@jshanker2005

6 жыл бұрын

On the back of this move, YES !!!!!

@etheangel2220

6 жыл бұрын

+dide quen LIAR. You would *never* buy a more expensive shirt if a cheaper one was available, no matter where it was made.

@gcordy2658

6 жыл бұрын

In jail

the world is upset, Trump did a right thing

@gcordy2658

6 жыл бұрын

you are a fool, America is upset, this will cause a lot of pain for Americans

Tarriffs are good! Drama queens!