Getting Rid Of The Penny? | February 12, 2025

Summary

In this CNN 10 episode, Coy Wire covers several intriguing topics, including the U.S. imposing a 25% tariff on steel and aluminum imports, and the potential economic effects on consumers and businesses. The episode also explores the pros and cons of eliminating the penny due to its high production costs. In the world of science, polar bears' unique anti-icing fur is highlighted, with implications for creating new anti-icing products. Finally, a rare deep-sea anglerfish sighting near the surface in Spain’s waters is celebrated, along with a school shout-out and a vocab challenge.

Takeaways

• 😀 President Trump imposes a 25% tariff on all steel and aluminum imports to the U.S., affecting various industries.
• 😀 The U.S. imports steel primarily from Canada, Brazil, Mexico, and China, with the latter being the largest producer of steel.
• 😀 U.S. businesses will likely bear the cost of these tariffs, leading to potential price increases for consumers on goods like cars, appliances, and infrastructure.
• 😀 A new round of tariffs is added on top of a previous 10% tariff on Chinese imports, raising concerns about an expanding trade war.
• 😀 President Trump considered ending the production of pennies due to their cost exceeding their value—producing one penny costs more than 2 cents.
• 😀 The penny, although seen as a nuisance by many, is still defended by some who believe eliminating it could lead to inflation.
• 😀 Polar bears are classified as marine mammals, and their fur is transparent and designed to resist freezing, helping them survive in icy environments.
• 😀 Research reveals that polar bear fur has oily compounds that prevent ice from sticking, a discovery that could inspire new anti-icing products.
• 😀 A rare deep-sea anglerfish, usually found over one mile deep, was sighted near the surface off the coast of Spain, surprising marine biologists.
• 😀 The CNN 10 show concludes with a shoutout to the winners of 'Your Word Wednesday' and a reminder to spread kindness by making someone smile.

Q & A

What recent action did President Trump take regarding steel and aluminum imports?

President Trump signed an executive order imposing a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.

Which countries are the main sources of steel for the United States?

The United States gets most of its steel from Canada, Brazil, and Mexico, with a smaller portion coming from China.

Why did President Trump impose the new tariff on steel and aluminum imports?

President Trump promised during his campaign to rebuild America's steel industry, and the tariff aims to reduce the reliance on imported steel and aluminum.

How could the new tariffs on steel and aluminum affect consumers?

The new tariffs could lead to increased production costs for various goods that use steel and aluminum, such as cars and infrastructure, resulting in higher prices for consumers.

What is the main problem with the penny, according to its critics?

Critics argue that the penny is costly to produce, as it costs more than two cents to make one penny, making it a waste of resources.

How much does it cost to produce one penny?

It costs 3.7 cents to produce one penny, according to a report from the US Mint.

What is one potential consequence of eliminating the penny?

Eliminating the penny could cause inflation, as businesses might round transactions to the nearest nickel, possibly rounding up more than down.

What was the significance of the discovery regarding polar bears' fur?

Scientists discovered that polar bear fur contains greasy compounds that help prevent ice from sticking, making it freeze-resistant, which could lead to the development of new anti-icing products.

What is the typical habitat of the black sea devil anglerfish?

The black sea devil anglerfish typically lives between 200 and 2,000 meters deep in the ocean.

Why was the sighting of a black sea devil anglerfish near the surface surprising?

The sighting was surprising because black sea devil anglerfish usually reside deep in the ocean, and this sighting occurred much closer to the surface than expected, off the coast of Spain's Tenera Island.