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  • U.S. Commerce Secretary Ross says European Union, Canada and Mexico will face steel and aluminum tariffs beginning at midnight tonight

Added at 9:44am

Added at 9:51am

  • Trump Imposes Steel, Aluminum Tariffs On EU, Canada And Mexico

    From zerohedge.com

    As widely leaked over the past few days and as confirmed earlier this morning, moments ago Commerce Secretary confirmed that the Trump administration is imposing steel and aluminum tariffs on the EU, Canada and Mexico, with the tariff set to begin at midnight tonight to help protect America’s manufacturing base: U.S. COMMERCE SECRETARY ROSS SAYS EUROPEAN UNION, CANADA AND MEXICO WILL FACE STEEL AND ALUMINUM TARIFFS BEGINNING AT MIDNIGHT TONIGHT TRUMP TO IMPOSE STEEL, ALUMINUM TARIFFS ON CANADA, MEXICO, EU ROSS SAYS EU, CANADA, MEXICO WILL PAY 25 PCT STEEL TARIFF AND 10 PCT ALUMINUM TARIFF: RTRS Canada, Mexico and ... (full story)

USD Getting Stronger...
Today, US Data like Consumer Spending etc is Very Good, tonight...
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Gold will be the king in the coming month...the safe haven when US n EU are shitting their pants...Shoot for 1325
All news favor to US $ ,but only USDCAD in full swing response,usdchf & UJ not in drive.
  • Post #4
  • Quote
  • Edited at 10:29am May 31, 2018 10:10am | Edited at 10:29am
Great, they've just killed my short term short on gold, F.....ers! When will congress finally remove these clowns from the White house? It's crazy trading not knowing when new Twit from the orange guy or some of his minions will hit you. V-shape reversals were rarity, now they're becoming a norm.


Bloomberg and Thomson Reuters are all over the news right now. I'm waiting for a Trump's twit now, saying Ross was just kidding, when he gets an angry call from Goldman Sachs and Juncker. We've seen this in the past. It's hard to manipulate price of gold to the downside if your president is declaring open trade war against US closest allies. Go figure, world is becoming mad men's playground.
This was rumoured all week that Trump would announce the tariffs today.
From Bloomberg:

"U.S. Ambassador to Germany Richard Grenell, in an interview with the New York Times, suggested the president might be willing to grant the EU bloc permanent exemption from the trade tariffs in exchange for strong co-operation with the US on Iran.

The linkage tactic may seem outrageous to politicians in Berlin and Brussels. It may be dismissed as mere Trumpian impulse by others. But it's not so easily ignored or countered....

... bullies don't tend to keep friends, so Europe's acquiescence may come at a later price. Trump isn’t concerned about the mess that has to be cleaned up later."

How short sited is that?
so EUR/USD GBP/USD good shorts!!!!!
Quoting Tom81
Great, they've just killed my short term short on gold, F.....ers! When will congress finally remove these clowns from the White house? It's crazy trading not knowing when new Twit from the orange guy or some of his minions will hit you. V-shape reversals were rarity, now they're becoming a norm. Bloomberg and Thomson Reuters are all over the news right now. I'm waiting for a Trump's twit now, saying Ross was just kidding, when he gets an angry call from Goldman Sachs and Juncker. We've seen this in the past. It's hard to manipulate price of gold...
Dear Tom,

Isn't that the POINT? For too long the US has been getting KILLED in trade negotiations and one-sided deals. The USA was soooo predictable about everything. NOW, it is no longer status quo. The problem is that this uncertanity will cause people to re-think everything....people don't like change but change is a comin......
Quoting Tom81
From Bloomberg: "U.S. Ambassador to Germany Richard Grenell, in an interview with the New York Times, suggested the president might be willing to grant the EU bloc permanent exemption from the trade tariffs in exchange for strong co-operation with the US on Iran. The linkage tactic may seem outrageous to politicians in Berlin and Brussels. It may be dismissed as mere Trumpian impulse by others. But it's not so easily ignored or countered.... ... bullies don't tend to keep friends, so Europe's acquiescence may come at a later price. Trump isn’t...
It's not short sighted at all. In fact it's pure genius!

The original Iranian deal was dumb. The Europeans LOVED it because now they could trade with IRAN and it cost them NOTHING! The US paid a billion dollars in unmarked bills so that the Iranians would shut down their nuclear program - we paid but they didn't shut down anything....they changed the name and moved it to a different location.

When Trump announced that the US would no longer honor that crappy deal the Iranians were quick to jump onto the nuclear bandwagon very quickly weren't they? Now if the EU nations trade with Iran they can't trade with the US PLUS there is a tarriff on their products to boot!

Do you think that Iran will purchase the amount of EU crap that the US does? I don't think so....

That's why Trump announced the tarriff now....to put more pressure to the EU. Break off trading with Iran and make them starve or screw yourself out of the US market/
Bulshit!!! It's all cheap talk with this guys. By now we should all know about their silly little games.
No tariffs will be placed.
Quoting Nick.
Bulshit!!! It's all cheap talk with this guys. By now we should all know about their silly little games. No tariffs will be placed.
You mean except the ones being imposed from midnight tonight?
  •  Guest
  • | IP XX.XX.154.118
with counter-sanctions being imposed by trade partners (if you can still call them "partners" - the rest of the world may well decide to cut USA right out of their import/export business and just stick to other countries that obey the WTO rules) the overall global effect will be an increase in the price of motor vehicles, aircraft and so on. so USA may very well end up all on its own and non-US vehicle manufacturers may well close down their US plants and move them elsewhere. that may well be great for countries in Africa e.g. who already manufacture Mercedes Benz and BMW vehicles for export to Europe and elsewhere. Really smart thinking Donny, you mastermind.
Quoting Guest
with counter-sanctions being imposed by trade partners (if you can still call them "partners" - the rest of the world may well decide to cut USA right out of their import/export business and just stick to other countries that obey the WTO rules) the overall global effect will be an increase in the price of motor vehicles, aircraft and so on. so USA may very well end up all on its own and non-US vehicle manufacturers may well close down their US plants and move them elsewhere. that may well be great for countries in Africa e.g. who already...

sounds America can do with out cheating partners , so what if it does increase prices >>>>jobs jobs jobs people will be affected would be germany china and a few others , and the america should get out of nato and get out of the united nations and the wto that would keep billions and billions of us dollars in the country
The Presidents in the White House have clowned around for decades bending the US over with bad deals and an uneven play field. Now we have a long overdue and proper response. In the end a natural balance will level the teeter totter instead of having the heavy weight of bad policies on one side.
am a powerful man
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  • Story Stats
  • Posted: May 31, 2018 9:44am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 15  /  Views: 6,010