Trump signs deal to significantly curtail steel imports

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    Three items this morning.

    Trump has signed a deal to seriously curtail US steel imports. He is intending to ramp up US steel making with his military building program.
    This could have a very negative affect on China as there is a glut of steel there right now which is forcing Australian IO prices down. Australian IO prices now 30% below their peak of a couple of months ago.
    If Australian IO exports are reduced then the GDP will suffer badly. This will also affect Australia's Coal exports to China.

    The PM's change to the 457 visa rules is all smoke and mirrors. They are not going to cancel any existing 457 visas.
    All they have done is to change 457 visas for two new immigration visas. More smoke and mirrors from this government.


    The PM's new Australian citizenship testing and requirements. It may be good if immigrants can speak and understand English better than they can now but the rest of this idea is just more smoke and mirrors.
    Getting immigrants to promise to abide by the Australian way of life is not going to make any difference at all.
    Its not as if a terrorist is going to answer those questions negatively, me thinks they are a bit smarter than that.
 
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