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US total expenditure on defence is 15%of gross budget, (and 11%...

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nammuldi

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12/03/18

14:24

Post #: 31689832
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Originally posted by benson1610 ↑

imo only the 25% tariff on all steels was a threat only.If such a tariff was introduced it would make US steel producers inefficient,at least that was my initial thought.
imo the US should have the ability to impose 15% even 25% for specific steels if dumping is proven.
Already two main steel suppliers r off the tariff list,canada and mexico.The threat of bad inflation is reducing.
Today I read the 'US might tie Nato contributions to tariff exemptions'.Again the threat of bad inflation is reducing.
Its all about balancing the US books ie gaining market access and reducing military spending where possible,something trump has been complaining about for a long time regarding nato.
I will be interested in how trump deals with the chinese deficit as apparently china is a sml player regarding steel exports to the US.
Trump will be after chinese market access,and imo only that doesn't mean war to gain that access..

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US total expenditure on defence is 15%of gross budget, (and 11% on Veteran Affairs) - Treasury Ann rpt 2017 - it is big, but it aint the real problem - medicaid and social services are approx 48% in total that is where the bigger problem lies???
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