Steel Tariffs Backfire

- Feb 14, 2019-

In addition to triggering an escalation of global trade retaliation, according to historical experience, Trump's tariff campaign will also hit the US steel downstream companies economically, ultimately struggling to boost the economy. GaryCohn, director of the White House National Economic Council, who left office on 6th because of a strong dissatisfaction with customs action, was making a final effort on the eve of his departure: people familiar with the information said Cohen planned to bring together downstream business executives from U.S. Steel and aluminium to meet with Trump at the White House on March 8 in the hope of persuading Trump to abandon his plans.

In a new report on 6th, Goldman Sachs noted that import tariffs would make us raw material prices and downstream industries less competitive and have a significant economic impact on Canada, Mexico and the European Union, rather than other countries. That, according to Goldman Sachs, is the irony of implementing this trade protection measure: a tariff designed to support American industries may end up being a boon to only a fraction of producers, at the expense of the economy as a whole. Http:// standard flat steel price steel tariff backfired European standard flat steel price steel tariff backfired European standard flat steel price steel tariff backfired European standard flat steel storage: The storage of flat steel site or warehouse, should choose in clean, smooth drainage place, Stay away from factories and mines that produce harmful gases or dust. In the field to remove weeds and all debris, keep square steel clean. The warehouse must not be stacked with acid, alkali, salt, cement and other steel with corrosive materials. Different varieties of square steel should be stacked separately to prevent confusion and prevent contact corrosion. The storehouse shall be selected according to the geographical conditions, generally using the ordinary closed storehouse, that is, the roof has the wall, the door and window is strict, has the ventilation device storehouse. The storeroom requires sunny days to pay attention to ventilation, rainy days pay attention to turn off moisture-proof, often maintain a suitable storage environment.