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Trump says U.S. to impose steel, aluminum tariffs next week

By zzyzzx following x   2018 Mar 1, 9:58am 1,845 views   18 comments   watch   sfw   quote     share    


https://finance.yahoo.com/news/trump-says-u-impose-steel-173223653.html

WASHINGTON, March 1 (Reuters) - U.S. President Donald Trump said on Thursday the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week.

At a meeting with U.S. industry officials at the White House, Trump vowed to rebuild American steel and aluminum industries, saying they had been treaded unfairly by other countries for decades.
1   HEYYOU   ignore (16)   2018 Mar 1, 10:41am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Maybe now we won't have to tolerate union Republicans destroying an industry like these Liberal Socialist Republican Conservatives are doing
as members of other unions. How many of these union slime are taking money thru police,fire,other govt. related unions' demand for more tax dollars?
You Republicans enjoying your unionized big govt. socialist jobs? You conservative union sleeper cell liberals will destroy America.

Starting today Trump/Republicans will stop importing/buying anything from COMMUNIST China!
It's great to wake up every morning & see Republican's are maintaining their hypocrisy.
They all have smartphones...that are only made in America. True Patriots!

Hell yes! They are all made in America! MAGA brought all manufacturing jobs back to the Republican Nazi/Facist Homeland.
2   Booger   ignore (1)   2018 Mar 6, 5:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

https://www.reuters.com/article/us-kobe-steel-scandal-report/kobe-steel-finds-more-malfeasance-to-overhaul-board-idUSKCN1GI0J7.

Japan’s third-largest steelmaker, which supplies manufacturers of cars, planes and trains across the world, said in October that about 500 of its customers had received products with falsified specifications
3   Strategist   ignore (1)   2018 Mar 6, 5:13pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

zzyzzx says
WASHINGTON, March 1 (Reuters) - U.S. President Donald Trump said on Thursday the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week.


If a trade war breaks out, all sides end up losing.
4   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 6, 5:15pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Strategist says
If a trade war breaks out, all sides end up losing.


Nope. When you lose your #1 Customer, YOU have the problem. America can only gain jobs. In the short term, any short fall can be met by Indian Factories, they'd be glad of the work.

And Canada and Mexico, you little stinkers, laundering Chinese Steel and Products by passing them through some minimal processing, then exporting to the USA tariff free under NAFTA, time to come correct. You can start by buying US Steel instead of Chinese. But of course, you never needed much steel because the steel you brought from China was pass-through to get it under NAFTA and help China dodge anti-dumping controls.
5   APOCALYPSEFUCKisShostikovitch   ignore (33)   2018 Mar 6, 5:20pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

If AMERICA!n industry collapses, TRUMPLIGULA! will allow the unemployed to volunteer to work at Trump Resorts properties and be paid in potatoes when they are available.
6   Strategist   ignore (1)   2018 Mar 6, 5:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
Nope. When you lose your #1 Customer, YOU have the problem. America can only gain jobs. In the short term, any short fall can be met by Indian Factories, they'd be glad of the work.


Does India have excess capacity? They are now the fastest growing economy, and will need a lot of steel and basic materials.
7   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 6, 6:59pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Strategist says
Does India have excess capacity? They are now the fastest growing economy, and will need a lot of steel and basic materials.


Maybe, but steel is made all over the world. We could simply restore and expand ours.

Quite frankly, since aluminium and steel are strategic materials necessary for planes, tanks, and other military equipment, it's an issue of national security as well as good economics to make as much of it at home as possible.

Maybe we can make 95% of it, and toss 5% to the rest of the world as a nice bit of scrap.

We knocked out Nazism & Communism, and pressured France and Britain to give up their Empires. We did plenty. Now is the time to put ourselves first again.
8   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 7, 9:06am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Oh, I fully expect a propaganda 5-Alarm whingefest from the Oligarch Media.

Let something we've never seen.

It's actually going to increase the level of suspicion between Main Street and DC.
9   Strategist   ignore (1)   2018 Mar 7, 9:28pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
Maybe we can make 95% of it, and toss 5% to the rest of the world as a nice bit of scrap.


Why not toss all of it to foreigners, and put our guys to work in the hi tech, higher paying jobs? We can then sell high margin tech products to them in exchange for low margin cheap steel. We would be wealthier that way, along with other countries.
10   lostand confused   ignore (0)   2018 Mar 8, 2:31am   ↑ like (0)   ↓ dislike (1)   quote   flag        

Feux Follets says
said Bob Miller, chief executive of NLMK USA, a Russian-owned steel producer

LOl liberals now quoting Russians-nothing changed-pee pee dossier is true-impeach him now!!!!!!!

Funny thing is liberlas used to argue for tarrifs and were anti free trade-now they favor global free trade and unlimited immigration -truth is stranger than fiction!!!!!!!!
11   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 8, 1:43pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Feux Follets says
Our glory days for steel are done - finished - not coming back anywhere near to where is was - ever, even in case of a new world war.


Nah. The laws of physics haven't changed. Besides, the 2 of the top 3 Steel Producers are the EU and Japan, places with as high or higher costs of production as the USA.

Meanwhile:

Granite City Works has two blast furnaces. Both plants and its steel-making facilities were idled in December 2015. The company idled its hot strip mill in January 2016. The hot strip mill was restarted in February 2017.

Nearly 500 employees will be starting this month, and it could take up to four months for the plant to fully restart, company officials said.

http://www.wpxi.com/news/top-stories/us-steel-to-restart-idle-plant-recall-500-workers-after-president-trumps-tariff-order/712481701
12   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 8, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Feux Follets says
Want to try shipbuilding ?


Yep, the top 9 of 10 shipbuilders in the World in terms of Gross Tonnage are yards in South Korea and Japan. Only One (1) is in China. Japan is particularly lacking in quality and quantity of raw materials, and most of it is shipped in, yet they still have multiple yards in the top ten list.

The Top Shipbuilders are Hyundai, Mitsubishi, and STX.

Are most South Koreans and Japanese living in tin roof huts without running water and no electricity, cooking with elephant dung?

https://www.marineinsight.com/naval-architecture/top-10-shipbuilding-companies-in-the-world-in-2012/

Also, Finland, another country with expensive production costs and an extensive tax and social program Nation, builds many of the world's massive cruise liners. In fact, it's yards have been taken over by South Korea's STX, who keep building massive cruise ships with those "very expensive" Finnish workers, all of whom live Middle Class lives in expensive Europe.

I guarantee you Finnish Welders, Naval Architects, Electricians, etc working in those yards aren't living in a tin roof shack, eating raw whale blubber, by a charcoal stove.

South Korea is certainly welcome to develop a huge new drydock at Newark or Long Beach, or refab an old one.

Shipbuilding can certainly come back. And it's a national security issue to boot.
13   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 8, 1:53pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

If Europe doesn't make steel (actually they're the #2 Steelmaker after China), why so mad about the steel and aluminium tariffs?

Great! If Europe wants it's steel not to be punished, they can reciprocate to 2.5% on US Cars, the rate we charge on their cars.

What rate does the EU have on US Cars? 5 times as high, 10%.

Hoping for reciprocity has been given decades to work and has not produced an ROI. Time to threaten: Reciprocate or Fuck You.

If we have a trade war, it's their fault for not reciprocating for decades and then refusing to heed an ultimatum. Why does the US always have to be the patient one (aka Bagholding Sucker)?
15   HEYYOU   ignore (16)   2018 Mar 8, 2:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Here's a real American Patriot.
It's so funny to see how members of the Republican Party make Republicans look so stupid.

"When President Reagan imposed a 100 percent tariff on selected Japanese electronics in 1987,"

https://object.cato.org/sites/cato.org/files/pubs/pdf/pa107.pdf

Trump might not enforce a tariff on Mexico,home of Rapist & Murderers.
Hell! He won't even deport millions of illegals. Too busy playing golf or using a kindergarten marker to sign bills.
16   Heraclitusstudent   ignore (1)   2018 Mar 8, 2:16pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

To some extent the problem here has less to do with production than with finance. The US/UK are stimulating their economies a lot by going into debt.
On the other side of this, you have Germans who don’t want to run deficits, and don’t want to go in debt. They want to save, invest in their companies and people (education).
The same with China: while you hear they are going in debt, at the national level they have large savings and invest massively in infrastructures and education.
Because Americans spend a lot and don’t save, they end-up buying German/Chinese stuff more than the opposite.
At the same time, China & Germany both limited the impact on their currencies: China by buying massive amounts of dollar debt, and Germany by sharing their currency with a bunch of weak nations.
So the trade deficits do not resolve themselves by currency moves.
This results in perennial trade deficits particularly with China and Germany.
So US should invest more in infrastructures and education, and finance this by taxing more, reducing the deficit. And also raise rates to reduce debts, even at the price of less growth.
Unfortunately all the economic dogmas that guide US actions go the other way.
17   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 8, 2:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Heraclitusstudent says
So US should invest more in infrastructures and education, and finance this by taxing more, reducing the deficit. And also raise rates to reduce debts, even at the price of less growth.


And perhaps reducing the military budget over time, unfortunately we wasted the last 25 years on boondoggles, so our replacement frigate is a boondoggle, and our replacement main fighter-bomber is actually inferior in range, speed, and agility to our 70s aircraft while being far more expensive to build and operate.

The next frigate and fighter have to be put out to a real contest, with an actual function prototype in all critical systems delivered, before we sign a contract.

We also need to let US Corps know the happy days of tariff free imports and insourcing is over, so please tell us what you need, so we can subsidize only those programs.

In other words, let's not just throw money at "College Education", let's subsidize high-achievers majoring in key employer-needed fields. In return, however, companies have to employ them, not a one-way street where we produce good grads, but they search all over the world for the cheapest laborer. Nor subsidize more "Transgender Queer Studies" programs with Federal taxpayer dollars.

Also, a Swedish Style Unemployment system where we send resumes of unemployed workers who qualify to Companies, who have to publish a reasonable salary range. After they reject so many qualified applicants, they lose ability to participate unless they pay fines, or maybe even get fined for being too persnikity. And vice-versa for the workers; they can't run out unemployment, they start receiving qualified leads to apply to - maybe even done automatically within a certain geographical range - and if they continually reject offers in line with the national/regional average for the position, they start getting cuts to their unemployment benefits.

Oh, and any company that rejects too many qualified applicants is banned from requesting Work Visas, for the very good reason that they were sent dozens of qualified applicants that met their specs, so they don't need to go outside the USA for that position, since a multitude of qualified applicants were available.
18   TwoScoopsOfSpaceForce   ignore (4)   2018 Mar 8, 3:05pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

PROMISE KEPT.

Trump signs aluminum and steel tariff order that will take effect this month – but EVERY country on earth will be invited to negotiate exemptions from 'flexible' policy
New tariffs of 25 per cent on imported steel and 10 per cent on aluminum will go into effect in 15 days, but Canada and Mexico will be spared from the start
Every other nation that has a 'security relationship' with the U.S. will be able to petition for exemptions
Senior official said earlier in the day that talk of retail price hikes because of raw material costs is just 'fake news'
Confusion reigned overnight in Washington with competing news outlets reporting that Thursday tariff signing was on, then off – or perhaps a maybe
Trump tweeted cryptically about a 'meeting' on Thursday, not a signing event, but the White House held the ceremony on schedule
Republicans in Congress had warned the president about economic consequences of a trade war, leaving him unsure about following through

http://www.dailymail.co.uk/news/article-5479393/Trump-ready-sign-steel-aluminum-tariff-order-loopholes.html

Exemptions available for anybody who lowers their tariffs to be reciprocal with ours.




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