Trump to impose tariffs on steel and aluminum

[IGMOW (I Go My Own Way)Participant 2572]

Pick whatever news source you like for the news. This is one I just picked trying to connect to the news somehow:
https://www.market~~~ch.com/story/trump-says-us-will-set-25-tariffs-on-steel-imports-10-on-aluminum-2018-03-01

There were arguments against doing this, because it was said to undermine American production of goods. Anyhow, feel free to comment on this.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[Faust For ScienceParticipant 22531]

The E.U. is already threatening counter tariffs on the U.S. But, President Trump has one card no one in the E.U. would dare imagine. President Trump could call home all the U.S. troops stationed in the E.U.

[Bob1775Participant 164]

Maybe scrap price will go up.

[Anonymous 42]

There’s plenty of scrap iron laying around, how do you build a steel mill to melt down all the other rusty steel mills? Isn’t that cannibalism???

[Bob1775Participant 164]

I don’t know but heard a story about a guy who walked into a hardware store and bought up all the copper tubing and ground wire.If the story is true he doubled his money.😁

[Anonymous 7]

Read this earlier.
It is one of the few campaign promises that I disagreed with.

Right/Wrong, Good/Bad it is another campaign promised kept.

I am no economist but I know enough to know that the U.S. has laid down punitive tariffs before and it rarely works out.

If this turns South for him it could really hurt his re-election bid, just like the tax cuts gave it a boost.

Time will tell.

[WhackerGuy2030Participant 999]

Nothing is ever as it seems. It’s simple Art Of The Deal. The countries sending us steel likely all enjoy a nice trade surplus at our expense. They need us more than we need them. A big slap in the face will get them to the table.

And if the tariffs stand, good for them. Rural America has slowly been exported away and it’s main streets are a mixture of vacant buildings and antique shops. The only economic activity they get in return is a Walmart or a dollar store of some brand to sell them the s~~~ they used to make themselves, but can at least still afford thanks to SNAP bennies. Sometimes it’s good when things go up in price as long as the money stays.

Washington never gave a s~~~ about “prices” when Obama drove the cost of health insurance through the roof. Pretty sure steel will be a far smaller impact to the economy nationwide, and will revitalize entire regions in the rust belt.

[WhackerGuy2030Participant 999]

That’s how I feel anyway.

[Anonymous 7]

WhackerGuy2030 wrote:

Nothing is ever as it seems. It’s simple Art Of The Deal. The countries sending us steel likely all enjoy a nice trade surplus at our expense. They need us more than we need them. A big slap in the face will get them to the table.

I sincerely hope you are right.

It might also be an experiment. Trump is a business man and sometimes they gamble.

If the gamble pays off then double down, if not….. Well, it isn’t like people were buying American Steel anyway.

[IGMOW (I Go My Own Way)Participant 2572]

Faust For Science wrote:

The E.U. is already threatening counter tariffs on the U.S. But, President Trump has one card no one in the E.U. would dare imagine. President Trump could call home all the U.S. troops stationed in the E.U.

Then NATO pulls out of Iraq to defend Europe, and refused to cooperate with the United States to defend its interests. They could also decide to say no to U.S using German air bases. Turkey also ends up saying no to U.S air bases.

To play this game of oneupmanship with “cards” means the relationships get degraded. At that point, the EU starts to make deals with Russia to screw the United States. America loses the Pax Americana advantage it has.

To think you win by playing bullyball is brinksmanship.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[Old BuckParticipant 3596]

For years China has bought our scrap and melted it down. One of the only steel mills left in the USA is in my small hometown in Wisconsin. We should tax any country buying our scrap metals.

Don't chase tail. Turn yours around, walk away, and live free!

[Faust For ScienceParticipant 22531]

IGMOW (I Go My Own Way) wrote:

Then NATO pulls out of Iraq to defend Europe, and refused to cooperate with the United States to defend its interests.

Those nations are all parasites living off of the U.S. taxpayers, with them relying on the U.S. soldiers to defend them.

A year ago when President Trump asked that the European nations living up and pay the already agreed upon amount on their part of defense, which except for Britain, they have not for decades. The governments of those nations pitched a fit.

Cut them loose. They will never come to the aid of the U.S., they will only aid in the looting of the world, and they are only trouble for the U.S.

IGMOW (I Go My Own Way) wrote:

They could also decide to say no to U.S using German air bases. Turkey also ends up saying no to U.S air bases.

Good. The German government has betrayed their native population to foreigners and as such they cannot be trust.

And Turkey is stirring the pot in Syria, while President Trump has been trying to figure a way to stop the madness in Syria.

Note all the corporate media lie about what is happening in Syria by parsing their words. The corporate media says that Russian forces are killed by “U.S. lead forces”, not by “U.S. forces”.

Do you understand the difference?

IGMOW (I Go My Own Way) wrote:

To think you win by playing bullyball is brinksmanship.

You really do not understand the situation. President Trump wants to grow industry in the U.S. and he will use wherever tools he can to do so.

The truth of the matter is all these globalist companies are worried that these tariffs will lead to a trade war that will eventually snowball into nationalization of foreign property held in the U.S., including foreign held bank accounts and stocks.

Old Buck wrote:

For years China has bought our scrap and melted it down. One of the only steel mills left in the USA is in my small hometown in Wisconsin. We should tax any country buying our scrap metals.

That is a great idea.

[AttonParticipant]

It should be higher, since China and Russia are less than careful about emission when it comes to producing aluminum. It takes a ton of electricity and the plants in China, India and to some extent Russia are total dog s~~~. Purely from a pollution stand point this is a massive move for environmentalism.

A MGTOW is a man who is not a woman's bitch!

[Faust For ScienceParticipant 22531]

Atton wrote:

It should be higher, since China and Russia are less than careful about emission when it comes to producing aluminum. It takes a ton of electricity and the plants in China, India and to some extent Russia are total dog s~~~. Purely from a pollution stand point this is a massive move for environmentalism.

The whole environmental movement in the U.S. are hypocrites and a weaponized political movement against the U.S. population and U.S. industry.

The environmental groups are funded by globalist polluters to push regulations and taxes in the U.S. to cripple industry in the U.S. and impoverish the U.S. population.

President Trump is already floating reciprocal taxes on foreign groups and foreign goods: https://www.zerohedge.com/news/2018-03-02/trump-triples-down-we-will-soon-be-starting-reciprocal-taxes

According to laws passed in the 1930’s, President Trump can do this without approval by Congress.

[narwhalParticipant]

WhackerGuy2030 wrote:

Washington never gave a s~~~ about “prices” when Obama drove the cost of health insurance through the roof. Pretty sure steel will be a far smaller impact to the economy nationwide, and will revitalize entire regions in the rust belt.

Yes. And what isn’t really talked about is that a tariff like this is going to drive new production of steel and aluminum in the US, since the potential profit from location production is greater. As production increases, so does competition and efficiencies which will eventually drive prices down again.

This is exactly what happen with oil and fracing, thought not through tariffs. OPEC decided to raise the price of oil, which indirectly meant that the US could frac for oil and make a profit. At lower oil prices, the cost of fracing meant you couldn’t make a profit. So after years of fracing, the process became more efficient and cost effective, meaning we could frac even as the price of oil dropped. This enabled the US to become capable of energy independence and even an exporter of oil. All good things.

So yes, prices are going to go up for a time, but it should enable a stronger steel/aluminum economy in the long run.

Personally, I think tariffs should apply whenever the government places stronger regulations on US companies than foreign importers would have. Just level the playing field. It’s not right to say that the US must pay a minimum wage and keep workers safe, while allowing China (or others) to pay pennies in unsafe conditions. I don’t see how a globalist could disagree with that statement.

I get that tariffs will cause consumer prices to rise in the short term, since local production needs time to ramp up and produce efficiency, but it’s worth the effort. If it ends up permanently raising prices, that should be understood as the cost of having labor principles. No more blood diamonds.

Ok. Then do it.

[RomulusParticipant 4667]

I could care less if I have to pay 100 bucks more for a $25,000 car if it keeps some mates in my country working. This idea that we as a country ALWAYS benefit from free trade and that tariffs are evil and counter productive is simply not supported by evidence. Tariffs sometimes have worked……other times not.

Even the times when tariffs supposedly haven’t worked, it doesn’t follow necessarily that the “free trade” has benefited the average worker. Could be as simple as some company or wall street financing entity gets to add 10 cents to its quarterly Earning Per Share and the actual workers got nothing from it.

Finally, if you have a huge trade surplus with the US and you want to get in to a p~~~ing contest about tariffs, then the folks on the positive side of that balance will lose more. F~~~ china, let ’em retaliate. Their economy collapses without the US buying its stuff. Imagine the social unrest in China once the bubble bursts.

How can a woman be expected to be happy with a man who insists on treating her as if she were a perfectly normal human being.

[Faust For ScienceParticipant 22531]

narwhal wrote:

This is exactly what happen with oil and fracing, thought not through tariffs. OPEC decided to raise the price of oil, which indirectly meant that the US could frac for oil and make a profit. At lower oil prices, the cost of fracing meant you couldn’t make a profit. So after years of fracing, the process became more efficient and cost effective, meaning we could frac even as the price of oil dropped. This enabled the US to become capable of energy independence and even an exporter of oil. All good things.

This is capitalism in practice. The OPEC decided to try to undercut the U.S. fracking industry, at a loss for OPEC, instead of going under the U.S. fracking industry cut the fat and streamlined their industry allowing them to make a profit at the current level. At the same time, OPEC cannot raise their prices to break even, as such their welfare states that rely on the higher oil prices for funding are on the verge of collapse.

[It’sallbsParticipant]

Faust For Science wrote:

Trump could call home all the U.S. troops stationed in the E.U.

I wish he would.

http://www.leavemeansleave.eu

[AttonParticipant]

Faust For Science wrote:

Atton wrote:

It should be higher, since China and Russia are less than careful about emission when it comes to producing aluminum. It takes a ton of electricity and the plants in China, India and to some extent Russia are total dog s~~~. Purely from a pollution stand point this is a massive move for environmentalism.

The whole environmental movement in the U.S. are hypocrites and a weaponized political movement against the U.S. population and U.S. industry.

The environmental groups are funded by globalist polluters to push regulations and taxes in the U.S. to cripple industry in the U.S. and impoverish the U.S. population.

President Trump is already floating reciprocal taxes on foreign groups and foreign goods: https://www.zerohedge.com/news/2018-03-02/trump-triples-down-we-will-soon-be-starting-reciprocal-taxes

According to laws passed in the 1930’s, President Trump can do this without approval by Congress.

I’m not even discussing Co2 just particle emissions alone.

A MGTOW is a man who is not a woman's bitch!

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