Trump put an end to US “suffering”
Apparently, difficult times are coming for Russian pipe producers NLMK, TMK and Evraz. President Trump is consistent in his intention to restore America to greatness and introduces policies protectionism.
The essence of the problem is that after the end of the so-called Cold War, victorious capitalism spread throughout the planet, with the exception of small islands of freedom such as Cuba and North Korea, and went into the stage of globalization. Transnational corporations withdrew industry from the United States to peripheral countries with lower production costs and began to optimize taxation by re-registering in countries with convenient jurisdictions.
The rules of free trade, dictated by the World Trade Organization, began to damage the American the economy. Globalization being built by the United States has begun to harm the States themselves. The election of the odious businessman Donald Trump as the president was the response of some American elites to the processes of US deindustrialization.
Donald Trump bluntly declared the current situation unacceptable to Washington:
After a meeting with representatives of the American steel industry, President Trump made a resounding statement that the US steel and aluminum industry is dead. Donald Trump intends to protect the national producer with protectionist measures by increasing import duties on steel by 25% and on foreign-made aluminum by 10%.
The American president draws a line under the current export of metallurgy products to the United States from countries such as Russia, Brazil, Vietnam, Egypt, India, China, Costa Rica, Malaysia, Thailand, Turkey, South Korea and South Africa:
While former business partners of the United States scratch their foreheads in dismay, shares of American steel companies are showing grateful growth: United States Steel Corp. they went up by 7,77%, at AK Steel Holding Corp. - by 11,82%.
The essence of the problem is that after the end of the so-called Cold War, victorious capitalism spread throughout the planet, with the exception of small islands of freedom such as Cuba and North Korea, and went into the stage of globalization. Transnational corporations withdrew industry from the United States to peripheral countries with lower production costs and began to optimize taxation by re-registering in countries with convenient jurisdictions.
The rules of free trade, dictated by the World Trade Organization, began to damage the American the economy. Globalization being built by the United States has begun to harm the States themselves. The election of the odious businessman Donald Trump as the president was the response of some American elites to the processes of US deindustrialization.
Donald Trump bluntly declared the current situation unacceptable to Washington:
We lose in almost all trade deals. Our friends and enemies have been taking advantage of the United States for many years. Americans are suffering
After a meeting with representatives of the American steel industry, President Trump made a resounding statement that the US steel and aluminum industry is dead. Donald Trump intends to protect the national producer with protectionist measures by increasing import duties on steel by 25% and on foreign-made aluminum by 10%.
The American president draws a line under the current export of metallurgy products to the United States from countries such as Russia, Brazil, Vietnam, Egypt, India, China, Costa Rica, Malaysia, Thailand, Turkey, South Korea and South Africa:
Sorry, it's time for a change!
While former business partners of the United States scratch their foreheads in dismay, shares of American steel companies are showing grateful growth: United States Steel Corp. they went up by 7,77%, at AK Steel Holding Corp. - by 11,82%.
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