{"id":727,"date":"2018-03-01T19:49:53","date_gmt":"2018-03-02T00:49:53","guid":{"rendered":"http:\/\/stockpicks4you.com\/?p=727"},"modified":"2018-03-01T19:51:57","modified_gmt":"2018-03-02T00:51:57","slug":"steel-and-aluminum-tariffs","status":"publish","type":"post","link":"https:\/\/stockpicks4you.com\/index.php\/2018\/03\/01\/steel-and-aluminum-tariffs\/","title":{"rendered":"Steel and Aluminum Tariffs"},"content":{"rendered":"

Trump is pushing for steel and aluminum tariffs as soon as next week.
\n\"\"
\nThe new tariffs will impose 25% tax on steel and 10% tax\u00a0on aluminum. Trump doesn’t understand trade. He doesn’t understand comparative advantage. He never read Frederick Bastiat <\/a>. Last year he decided to slap tariffs on lumber from Canada. We are all\u00a0now paying for it.\"\"<\/p>\n

Lumber is at an all time high. For the record, the US is by far the largest producer of lumber and plywood.
\nSo what countries are likely to retaliate with their own tariffs?
\nChina is the largest producer of aluminum with 53.8% of the world production.
\nThe worlds largest producer of iron ore are Australia with 37.3% of world production, Brazil with 19.4%, and China with 11.9%. Most of the US imports of iron ore come from Brazil and Canada.
\nSince the USA is one of the largest exporter of nearly all food products, we can pretty much see where this is going.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump is pushing for steel and aluminum tariffs as soon as next week. The new tariffs will impose 25% tax on steel and 10% tax\u00a0on aluminum. Trump doesn’t understand trade. He doesn’t understand comparative advantage. He never read Frederick Bastiat . Last year he decided to slap tariffs on lumber from Canada. We are all\u00a0now … Continue reading Steel and Aluminum Tariffs<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,11],"tags":[],"class_list":["post-727","post","type-post","status-publish","format-standard","hentry","category-economy","category-investing"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9wXzO-bJ","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=727"}],"version-history":[{"count":2,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/727\/revisions"}],"predecessor-version":[{"id":732,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/727\/revisions\/732"}],"wp:attachment":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/categories?post=727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/tags?post=727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}