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:
Preamble section
Explanation:
In June 1776, the Second Continental Congress met in Philadelphia and decided it was time to create a document that declared America's independence from Great Britain. ... The Declaration of Independence was written to explain why the colonists had a right to revolt against and become independent from England.
Answer:
Big companies could grow by merging with other companies or acquiring them. B. Factory workers could start in low positions and work their way up to management.
Explanation:
It shows that the war resulted in a new illusion of omnipotence."In April 1917 the illusion of isolation was destroyed, America came to the end of innocence, and of the exuberant freedom of bachelor independence. That the responsibilities of world power have not made us happier is no surprise. To help ourselves manage them, we have replaced the illusion of isolation with a new illusion of omnipotence" Barbara Tuchman
Answer:
Lusitania
Explanation:
On May 7, 1915, the German submarine (U-boat) U-20 torpedoed and sank the Lusitania, a swift-moving British cruise liner traveling from New York to Liverpool, England. Of the 1,959 men, women, and children on board, 1,195 perished, including 123 Americans.
