Trump's power play on tariffs cuts out Congress — but lawmakers could stop it if they wanted to;
- President Trump will enact steel and aluminum tariffs by the end of the week, the White House says. - The Trump administration is using a law not successfully applied in more than two decades that gives Congress less power over the policy. - Congress could only stop the tariffs through a vote with a veto-proof majority.
Kevin Breuninger | @KevinWilliamB Published 14 Hours Ago Updated 13 Hours Ago
I think it wont have much effects on the share price as the news is just to reiterate that Trump insist to impose, but not the real tariff enforcement.
Don't know why I never worried about this company even with so many negative opinions. Steel is an important element for building and manufacturing, if the company so bad in performance. M&A nia loh. Steel is hardly dropping in price. Keeping inventory only also got benefits but dont lah.haha
President Trump will sign an order today to finalize his promised steel and aluminum tariffs -- or maybe not. There's confusion at the White House (shocker, we know). There was supposed to be a signing ceremony this afternoon, but a White House aide said it was canceled because the policy hadn't been finalized yet. There's also word that whenever this thing gets done, it'll have an exemption for Mexico and Canada, probably to be used as a carrot in NAFTA talks.
Rather, think long term and leave your investment alone, says Buffett: "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."
Hope you don't regret selling your stocks cheap for nothing. This stock should recover in the coming weeks. Focus will be back on local infrastructure projects coming in and election sentiment.
US Tariff up, US steel price up, inflation rate up.... US interest rate confirm up like rocket this year..... US plp pay more interest, spending power drop, US company will get lesser profit or huge lost and bankcrupt...
More job to lost.... If US economy down, all products imports from other countries reduce....ends up also affect malaysia.
Time will prove above statement....
US tariff is just a beginning, More worst things to come....
Elon Musk sides with Trump on trade with China, citing 25% import duty on American cars Elon Musk believes China isn't playing fair in the car trade with the U.S. The auto executive says the Asian country puts a 25 percent import duty on American cars, while the U.S. only does 2.5 percent for Chinese cars in return. "I am against import duties in general, but the current rules make things very difficult. It's like competing in an Olympic race wearing lead shoes," Musk tweets.
Next target, China Car need to impose tax from 2.5% up to 25% to import US. US is bullying china apparently, how will China govert react?
The only things that we can confirm, if US economy bad, the rest of the world will feel the heat, but what Trump wants to do now is to boost its GDP, creating more jobs and reduce trade deficits.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tom
2,984 posts
Posted by Tom > 2018-03-08 20:39 | Report Abuse
虽然我没有持有masteel了...不过我想问你为什么不久前你还去买高?
Posted by joeshare > Mar 8, 2018 08:12 PM | Report Abuse
once tariff is announced u will see the panic again ..sorry if masteel quarter result is good it would be an entirely different story but fact is fact