And the north American Free trade agreement. Would americans hear a giant sucking sound of millions of jobs going to mexico . International trade for whose benefit. With the help of economic analyst richard gill, well find out on this edition of economics usa. Im david schoumacher. Nobody worried too much about the first japase cars to reach the United States. It w the heyday of the gas guzzler. As the nations Largest Consumer of steel, of glass, of rubber, the Auto Industry drove the economy. And since the days of henry ford, the american Auto Industry kept its hand on the wheel and its foot on the accelerator. Detroisold the big car. And american drivers bought it. High gas mileage didnt mean much to people used to 30 cent gas. 1973 changed that. War in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. Higher gas prices de datsunsan. To some, importing Japanese Cars meant exporting american jobs. So why not just cut imports to sav
Former tore and President Trump talks tough on trade but what impacts will these new tariffs on steel and aluminum have on american jobs and the economy . Help us live with commerce secretary wilbur ross who himself a former steel executive and in the wake of the Deadly Florida High School Shooting spree are changes coming to u. S. Gun laws former new York Police Commissioner ray kelly is with me live this morning as we look ahead on sunday morning futures. President trump continues his tough talk on trade with a new threat of higher taxes on vehicles made in europe. This comes after the eu and some members from his own party condemned last weeks announcement that they plan to impose a 25 tariff on steel imports and a 10 tariff on aluminum imports. On friday the president defended his decision tweeting this. When a country is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good and easy to win. Commerce second wilbur ross join
The importance of knowing what you are getting into was illustrated Thursday in West Virginia. That was when Cleveland-Cliffs announced the shuttering of a tin production facility in Weirton. Cleveland-Cliffs is one of the largest producers of steel in the United States. It has plants across multiple states, including a
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