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Q: Is there a dumber human being?

Trump does the wrong thing when the right thing is so obvious!!!!!!!Pissing off allies is not the way to address the trade gap with China

2 years 17 weeks ago in  Transport & Travel - China

 
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I suspect he wants the tarrif to pay for his tax cuts. What was it? 0.6 cents on a can of soup. Its the American taxpayer who will pay, not China.

I also noticed there was no comparative price. That is, will the tax make other steel more expensive than American steel? If Canadian steel is 35% cheaper than American steel, US Companies will still buy Canadian, but the American consumer will have to pay more.

And lets not even get into the actual physics of steel production. From memory, Sweeden does plate and tool steel, UK does long steel, Germany does coil. Oz does the ore and ships to China. A single country does not have the capacity to make all the metal types it needs. That is why we have countries that export as much as they import. Because it is different product.

Steel plants cost billions. You cant run it for 6 months in a year to make plate for warships, then convert it to make rail lines. They are totally different plants. They need to run 24 7 to make money.

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2 years 17 weeks ago
 
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Well,, I think he knew what he was doing. Tariffs, Trade war/s or not, he certainly got things revved up and notice being taken. His fundamental point I agree with. A nation is just not fundamentally secure if it lacks the home-grown ability/capacity to manufacture iron, steel, and aluminum.

Get our steel mills modernised and up 'n running.  Quit being dependant on cheap imported steel.  Get all manufacturers, markets back on an even footing.  That's worth pissing off PRC imo.

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2 years 17 weeks ago
 
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https://www.dailywire.com/news/26510/stable-genius-trump-jacks-tariffs-solar-panels-ryan-saavedra

 

I wonder if the China company would be building a factory in America without a threat of a 30 percent tariff that falls to 15 percent in the 4th year. Obama gave millions for green energy that failed and now somebody actually wants them to compete and give them a chance without a handout and everybody is saying no. what a bunch of hypocrites.

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2 years 17 weeks ago
 
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http://www.breitbart.com/big-government/2018/02/04/trump-on-countries-refusing-their-nationals-well-tariff-their-goods-theyll-take-them-back-in-two-seconds/

 

This is the real story but its in a far right publication, so nobody will source it or talk about it.

 

CHINA DOES NOT TAKE BACK ITS DEPORTEES, ILLEGAL IMMIGRANTS AND TRUMP SAID THEY WILL OR TARIFFS.

 

When you talk the talk, you have to walk the walk.

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2 years 17 weeks ago
 
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China sells very little steel and aluminium to the US. As a raw material.

But Trump has a point, not that he can see it, in that Chinese metal industry is run by the state. So it possibly subsidised. Will the sanctions only be on raw material or product. If it is product, he will need massive numbers of import agents to work out the tarrifs. So much for small government.

I agree with him that metal production is important for the security of a country.

But he does not understand the supply chain. Canadian aluminium is cheaper because of hydro elecrricity. Chinese steel is cheaper because of over capacity and an oversupply of lignite coal that can be burnt here but not in the US. Thats the stuff that makes us cough.

Most Chinese consumer products are made here in factories funded by wall street and the big retailers. All China has to do to hit back is increase minimum wage. I live next to a big Amway plant. I dont think Betsey Devos would be happy if minimum wage went up 20%. The plant is here. Not there. It would take a year to move the factory from here to there, if China allowed it to move of course.

If Trump wants to protect the US metal industry, he should nationalise it, and subsidise it. Compete with China on equal terms. Then American steel plants can sell cheap steel to the foreign car plants in America.

Or, of course, China could just shut down the American car plants here that exist under free market conditions.

Or put an export tax on iphones.

I get Trumps sentiment... but he is dumb as fuck.

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2 years 17 weeks ago
 
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I suspect he wants the tarrif to pay for his tax cuts. What was it? 0.6 cents on a can of soup. Its the American taxpayer who will pay, not China.

I also noticed there was no comparative price. That is, will the tax make other steel more expensive than American steel? If Canadian steel is 35% cheaper than American steel, US Companies will still buy Canadian, but the American consumer will have to pay more.

And lets not even get into the actual physics of steel production. From memory, Sweeden does plate and tool steel, UK does long steel, Germany does coil. Oz does the ore and ships to China. A single country does not have the capacity to make all the metal types it needs. That is why we have countries that export as much as they import. Because it is different product.

Steel plants cost billions. You cant run it for 6 months in a year to make plate for warships, then convert it to make rail lines. They are totally different plants. They need to run 24 7 to make money.

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2 years 17 weeks ago
 
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Yeah, but PRC produces sth like 49% of the world's steel. I am not sure about the details, but if President Trump can take steps to revitalizing US steel industry I would deem that a good thing.

*yeah, I know the Devil is in the details...

 

 

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2 years 17 weeks ago
 
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Trump may actually be on to something. Because of something called Trans-shipping (shipping through other countries) . 50% of the steel on the market comes from China. 

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2 years 17 weeks ago
 
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I see on the news tonight, an American steel company is opening up a mothballed steel plant. 500 jobs coming back. Good news..really good news.

I am mixed about this. I am not totally against protectionism.

Here is a thing to consider. The company I work for buys press tools from an American company. This company is amongst the best in the world. We buy them from the US and use them in the UK. But the tools are made from steel from Sweden. Because, for toolmaking,.its the best in the world.

If the US company puts it prices up, it might be more cost effective for us to buy cheaper but inferior tools in China, and move UK production here.

I hope that does not happen.

Its too complex for me to work out. Those 500 reinstated jobs in that steel plant might cost thousands more. Trump should have thought about this, and he should have talked to all involved, not just the steel makers.

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2 years 17 weeks ago
 
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The real scam here is misdirection, this has more to do with immigration, a few factory jobs is not going change the numbers that much.

 

So you change the unemployment numbers during the black messiah reign in America by cutting the number of jobs available for placement to skew the numbers to make the unemployment numbers look better. Now the other party gets to use the new formula to make them look good as well.

 

How do you fool the middle class into thinking things are better, give lip service to make america great again, try tax cuts, tariffs, knowing it want work, but, deport the cheap labor by the thousands out of the country to change the labor supply side of the equation to make the numbers look good to fool people. Wages go up with less workers available but unless it becomes a permanent solution, it's just temporary good times. Trump knows the left want say anything because then they are admitting that flooding the country with immigrants lowers wages and destroys the middle class. then he can use it against them and they can't do it again in 8 years. So America gets fooled into believing were great again, when all we did was kick out enough people to make it better for everybody else that remains but want honestly say that is what we are doing.

 

what happens when the left get power on a swing back that always comes, let them all back in and the numbers crash again. If China takes the 100 thousand deportees back, that 100 thousand people not on the cheap labor side of the equation anymore and the savings can allow him to gradually lower the tariffs.

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2 years 17 weeks ago
 
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I wonder how the stocks are reacting to this

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2 years 17 weeks ago
 
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I would hate to be a news editor at the monent...

'TRUMP ANNOUNCES TRADE TARRIFS'

'PORN STAR SUES TRUMP'

Decisions... decisions...

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2 years 17 weeks ago
 
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Five minutes later, fatty kim wants to meet for denuclearization talks. Connection maybe?

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2 years 17 weeks ago
 
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