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U.S. steel- and aluminum-using manufacturers issue statement in support of the trade agreement, although they call it 'disappointing' for not completely terminating tariffs with a close ally.
CAMMU says: "The conflict with Russia over its invasion of Ukraine underscores that these “national security” steel and aluminum tariffs on U.S. allies should never have been put in place in the first place."
This attack and subsequent production outage caused the largest, one-day, oil price surge since 1991. As of this writing, crude oil pricing is at $60.43, up 10.17 percent from Friday. This is the highest crude has been since May.
The industrial research company, Freedonia Group, finds that nearly all of imported AC units into the U.S. come from China. Do we really want a trade war with them?
A total of 45 groups representing many sectors of the U.S. economy recently joined the National Pork Producers Council in calling for an end to U.S. tariffs on Canadian and Mexican aluminum and steel imports.