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:
They tried to gain as much territory in the Pacific as possible
World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945. The Second World War was started by Germany in an unprovoked attack on Poland. Britain and France declared war on Germany after Hitler had refused to abort his invasion of Poland.
World War 2 was fought between two groups of countries. On one side were the Axis Powers, including Germany, Italy and Japan. On the other side were the Allies. They included Britain, France, Australia, Canada, New Zealand, India, the Soviet Union, China and the United States of America.
The appropriate answer is c. profit. Capitalism is an historically specific economic system in which production and distribution are designed to accumulate capital and generate a profit. The system is characterized by the separation of those who own the means of production and those who work for them.
Answer:
A- Warships and trading vessels
Explanation:
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