President Donald Trump on Thursday, March 1, announced that his administration planned to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. His argument was rooted in the notion that other countries' trade practices have undermined U.S. production and could potentially compromise national security at home.
While protectionists and free trade advocates erupted into a fierce debate, the stock market tumbled. The Dow Jones Industrial Average shed 420 points, or 1.68%, on Thursday, the S&P 500 lost 1.33% and the Nasdaq declined 1.27%.
It's important, then, to know how important steel and aluminum are to the U.S. economy.
After all, as much as 55% of a car's total weight comes from steel, according to the World Steel Association. Roughly 50% of steel use goes toward buildings and infrastructure. And about 16% of steel goes toward making mechanical equipment.
Answer:
Explanation:
The colony labeled A was the Colony of Massachusetts which was founded in 1629 and was part of the New England colonies. The people there were mostly of Puritan faith and towns established include Boston and Quincy.
The colony labeled B was the Colony of Rhode Island which was established in 1636 and like Massachusetts was also a New England colony. Towns included Providence and Portsmouth.
After the end of World War II it was the time of decline of European colonies which lead to the rise of new superpowers and emergence of several new countries on the map.
<u>
Explanation:</u>
After WWII Europe was divided into USA captured Europe and USSR capture Europe. The end of the war increased the rate of decolonization. Independence being granted from great powers like India from United Kingdom, Indonesia from Netherland. The Philippines from The United States and several Arab nations get free from the superpowers.
This happened because the superpowers were badly affected by the war and they were not able to rule other nations anymore so they have to step back. Thus how the World War II led to the origin of independence and even the formation of so many new countries and nations.
The Senate "cools" legislation from the house like a saucer cools coffee. The Senate approves all presidential appointments and ratifies treaties while the house initiates revenue bills.
The Senate has vital powers as stipulated in the constitution under the " advice and consent" provisions, Article II, section 2, to; ratify treaties which require a two-thirds majority of the senators present and a simple majority to approve important public appointments i.e., ambassador and cabinet members.
Hands off does not mess with business
