Trump touts falling aluminum prices after tariffs
U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
“Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”
More at: https://www.foxbusiness.com/politics...-after-tariffs
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Mission Accomplished - Don't Bet On It
Quote:
Originally Posted by
Swordsmyth
U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
“Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”
More at:
https://www.foxbusiness.com/politics...-after-tariffs
Dead cat bounce. Give it time, way too soon to see all of the horrific effects yet.
https://humbleblatherskite.files.wor...pg?w=450&h=267
If anything goes wrong, I'll fire someone.