On 3/8/2018 12:13 AM, Emanuel Berg wrote:
Today I read in the daily rag that the US
has/will impose import tariffs on steel!
Sweden exports some steel to the US, it is the
second biggest partner in this sense after
Germany. Apparently Bush Jr did something to
this extent in the early 2000s, only then the
Swedish companies (and probably many others as
well) got exceptions because what was
exported/imported wasn't "just steel" but
specialized steel products. Heh! How it will
end this time, only Jehovah knows.

Yes, I do know.

After so much push-back, exemptions will be given to most countries,
probably every country other than China. Our idiot-in-chief tried to
frame the tariffs as punishing China, which is not even in the top ten
exporters of steel to the U.S.. After being called out for this
foolishness, the White House is retreating.

The tariffs on China will drive up world steel and aluminum prices,
since China was driving down prices worldwide.