Quotes
Absent IEEPA, there would need to be some kind of agency action first before any trade remedy tariffs can be imposed … but everything seems to be on the fast track,
At the international level, there’s something like 5,000 different descriptions at the 6-digit (product subheading) level, so 5,000 times 186 nations. It’s almost an artificial intelligence project,
For example, if Colombia has a high tariff on coffee in order to protect its industry, we would put a high tariff on Colombian coffee to match theirs, even though we don’t grow coffee. The only people hurt would be U.S. consumers,
The US president agreed that an exemption was under consideration in the interests of both of our countries,
Albanese told reporters after the call The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,
Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,
The reality is, though, our suppliers have international sources for aluminum steel. So that price will come through and it may be a speculative part in the market where price would come up because the tariffs are even rumored.”
Tariffs such as these do nothing to enhance the automotive industry directly,
Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term,
said Sam Fiorani, analyst at AutoForecast Solutions, which studies the industry We’re concerned about the downstream effects on consumer products like automobiles,
said Glenn Stevens Jr., executive director of MichAuto, a state auto industry association Industries like automotive have built their entire financial plan based on sourcing products where they can; locally, if it’s possible, globally, if it makes the most sense,
Trump may ask Korea to increase investments in the U.S. automotive and semiconductor industries, given his warning of imposing universal tariffs on those sectors,
an official from one of Korea's major steelmakers said Canada's Indo-Pacific strategy highlights the importance of deepening engagement with Korea and other key partners in the region,
Canadian Ambassador to Korea Tamara Mawhinney said Although there exist concerns about decline in steel exports to the U.S., opportunity factors also persist as Korea can compete with other major steel exporters under the same conditions,
Increasing and persistently high import volumes from countries exempted from the duties or subject to other alternative agreements like quotas and tariff-rate quotas have captured the benefit of U.S. demand at the domestic industry’s expense and transmitted harmful effects onto the domestic industry,
Trump said in the document In my judgment, the arrangements with these countries have failed to provide effective, long-term alternative means to address these countries' contribution to the threatened impairment to the national security,
If we have more imports of steel and aluminum from the United States [than exports] what is being argued as the reason to impose tariffs is not logical,
It’s a big deal. This is the beginning of making America rich again,
Trump said Monday as he signed a proclamation restoring section 232 (national security) tariffs on all steel and aluminum imports regardless of where they come from Therefore their balance is favorable. … The numbers are in their favor. We import more than we export,
Ebrard said before pointing out Sometimes President Trump speaks about common sense, we’ll take him at his word — common sense, not a shot in the foot, not destroying what we have built in the past 40 years,
