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: Three countries (Great Britain, Ireland, and Germany) accounted for 93 percent of all arriving immigrants in 1849.
Explanation:
in politics, centrism -the center- is a political outlook that involves acceptance, or support of a balance of social equality.
The cotton gin made it easy for slaves to separate seeds out of the cotton. However, it it increased slave usage all over. It actually increased the use of slavery. The cotton gin just made one part of a slaves job quicker and easier.
