Comment on Trump says will double steel, aluminum tariffs to 50%
Doomsider@lemmy.world 4 weeks ago
Foreign investors looking to buy into US steel. Trump says he is open to deal and increases Tariffs significantly. When are we going to arrest this grifter?
finitebanjo@lemmy.world 4 weeks ago
Nah, actually, the US Steel and Aluminium is limited and expensive. Foreign investors would have to outbid US Manufacturers who literally have no other options because Tarriffs prevent them from importing cheaper large quantities of Steel and Aluminium, because, get this, USA specializes in making heavy machinery, military grade equipment, electronics, and technically skilled services such as banking but explicitly NOT making Aluminium and Steel.
You know who does specialize in Steel and Aluminium? Trump friend and associate Roman Abromovich, Israeli national and Russian oligarch.
Doomsider@lemmy.world 4 weeks ago
Trump was referring to selling US steel companies to foreign investors and at the same time threatening to dramatically increase the cost of foreign imported steel and aluminum. This is the corruption I am referring to
finitebanjo@lemmy.world 4 weeks ago
Ah I get it now, “you want to sell steel here? Oil the palms.”
Doomsider@lemmy.world 4 weeks ago
More like, you want to sell steel here and avoid the tariffs? I will let that deal happen. Then the grift, buy hard in stocks and then after the deal goes through sell off. Finally, lower tarrifs due to the tremendous pressure from US manufacturing.
This entire administration is just one pump and dump operation after another.