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Trump to impose tariff on steel and aluminium, geaux Trump!

Discussion in 'BBS Hangout: Debate & Discussion' started by Carl Herrera, Mar 1, 2018.

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  1. AleksandarN

    AleksandarN Member

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    China is not even in the top 10 importers of steel and aluminum to the U.S.
     
    #121 AleksandarN, Mar 2, 2018
  2. conquistador#11

    conquistador#11 Member

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    #122 conquistador#11, Mar 2, 2018
  3. AleksandarN

    AleksandarN Member

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    #123 AleksandarN, Mar 2, 2018
  4. Carl Herrera

    Carl Herrera Member

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    Southern California's public radio station had a discussion about the tariffs today, with guest being economists and a representative for the trade group of steel fabricators-- not steel mills, but companies that make steel beams and other things out of raw steel: https://www.scpr.org/programs/airtalk/2018/03/02/17973/

    A point that was brought up is that if Trump's tariff only hits raw steel, and not steel products (like those made by the steel fabricators), then the steel fabricators will lose out as they face 25% higher material cost than their foreign competitors, who can buy cheaper steel and sell their product to the U.S. Then, as domestic steel fabricators lose out to foreign fabricators, domestic raw steel producers will feel its impact, too.

    If we also tax the imported fabricated steel products, then unless we charge a tariff for every down-stream product made out of steel all the way down, some domestic producers are gonna face higher material cost and lose some of their market to foreign producers.

    And this is not even mentioning retaliation and other forms of negative impact.
     
    #124 Carl Herrera, Mar 3, 2018
    B-Bob likes this.
  5. Cohete Rojo

    Cohete Rojo Member

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    #125 Cohete Rojo, Mar 3, 2018
  6. AleksandarN

    AleksandarN Member

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    Yeah that worked out well. Thanks for bringing that up. What's your point again?

    https://www.thestar.com/business/20...mber-brings-price-surge-profit-to-canada.html
     
    #126 AleksandarN, Mar 3, 2018
  7. AleksandarN

    AleksandarN Member

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    I will bring up another source


    https://www.heritage.org/taxes/commentary/tariffs-canadian-lumber-are-hurting-american-homebuyers

     
    #127 AleksandarN, Mar 3, 2018
    Last edited: Mar 3, 2018
  8. AleksandarN

    AleksandarN Member

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    Btw Trump(especially when it comes to trade policy and White house in general) reminds me of another character



    This was probably like his meeting with his white house economic staff just before his tariff announcement
     
    #128 AleksandarN, Mar 3, 2018
    JuanValdez, Buck Turgidson and B-Bob like this.
  9. crash5179

    crash5179 Member

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    Absolutely a stupid move be Trump.
     
    #129 crash5179, Mar 3, 2018
    Deckard likes this.
  10. Amiga

    Amiga Member

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    Don't need a big trade war to suffer. See Bush. Big failure. Why is Trump repeating a known failure?

    Apparently, Trump got mad and decided to go forward. Policy based on outburst of anger. That should work out well.
     
    #130 Amiga, Mar 3, 2018
    No Worries and Buck Turgidson like this.
  11. B-Bob

    B-Bob "94-year-old self-described dreamer"
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    Best and most appropriate typo, I fear.
     
    #131 B-Bob, Mar 3, 2018
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  12. fchowd0311

    fchowd0311 Member

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    Our president doesn't understand that more American companies purchase steel and aluminum for their end product than American companies that actually produce steel.

    In fact, American companies that manufacturer products that incorporate steel or aluminum hire at 30 times the rate of American companies that produce steel and Al.

    This is like basic ****. He's shooting ourselves in the foot.
     
    #132 fchowd0311, Mar 3, 2018
    Buck Turgidson likes this.
  13. Dream Sequence

    Dream Sequence Member

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    #133 Dream Sequence, Mar 3, 2018
  14. Buck Turgidson

    Buck Turgidson Member

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    Right, this is why all of the companies - we've already seen giants like Cat, GE, Boeing - that use raw materials to manufacture stuff come out against this.

    Also, this:

    According to two officials, Trump's decision to launch a potential trade war was born out of anger at other simmering issues and the result of a broken internal process that has failed to deliver him consensus views that represent the best advice of his team.

    and

    There were no prepared, approved remarks for the president to give at the planned meeting, there was no diplomatic strategy for how to alert foreign trade partners, there was no legislative strategy in place for informing Congress and no agreed upon communications plan beyond an email cobbled together by Ross's team at the Commerce Department late Wednesday that had not been approved by the White House.

    https://www.nbcnews.com/politics/wh...d-when-he-started-trade-war-officials-n852641

    These are not the actions of an adult Stable Genius.
     
    #134 Buck Turgidson, Mar 3, 2018
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  15. cml750

    cml750 Member

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    As a free trade person, I do not like one this at all but it was a campaign promise. I guess it shouldn't surprise me, he has tried to keep more campaign promises than any President in recent memory. Hopefully he is only posturing and saber rattling right now.
     
    #135 cml750, Mar 3, 2018
  16. Buck Turgidson

    Buck Turgidson Member

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    As a free trade person, how on earth can you so vehemently support a guy whose entire global economic policy is based on protectionism and tearing up multi-lateral trade agreements?
     
    #136 Buck Turgidson, Mar 3, 2018
    Deckard and krnxsnoopy like this.
  17. Cohete Rojo

    Cohete Rojo Member

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    #137 Cohete Rojo, Mar 3, 2018
  18. fchowd0311

    fchowd0311 Member

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    Oh I know I know!

    Libtards

    Right cml?
     
    #138 fchowd0311, Mar 3, 2018
  19. adoo

    adoo Member

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    very astute observation; this would incentivize GM to expand their JVs in China

    that may include countries imposing tariffs on Levi jeans, Jack Daniel whiskey, Harley Davidson bikes, Catapillar equipt;
    and china imposing tariff on Trump escort services, as well as decreasing their order of Boeing planes in favor of Airbus
     
    #139 adoo, Mar 3, 2018
    Last edited: Mar 3, 2018
  20. Deckard

    Deckard Blade Runner
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    What I've read from more than one source is that everyone in the White House was blindsided by this. There was a trade review due to start in 2 weeks, where the pros and cons of tariffs would be hashed out. Since the GOP has been for free trade for decades, it's no surprise that congressional Republicans are freaking out, big business is freaking out, and even the head of the Steelworkers Union, hardly seen as a big proponent of free trade, spoke out against including countries like Canada.

    Mr. trump does things without thinking. All the time. It's hardly what you want in the Oval Office.
     
    #140 Deckard, Mar 3, 2018
    No Worries likes this.
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