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Trump announces steel and aluminum tariffs Thursday over objections from advisers and Republicans

Tariffs on raw materials will place the jobs of millions in jeopardy. Trade wars always hurt all involved. Check your history books.

Oh no, no, no- that would just be silly. :roll:

It'll work this time! You just watch! ;)
 
You didn't read very well. There is more profit from selling automobiles made with steel than on the steel in them. Same goes with any other product made with steel or aluminum. As an advanced nation we need to stick with high profit items that provide good paying jobs for Americans. Those jobs are in jeopardy if a trade war makes those high value products no longer exportable because of retaliatory tariffs on American goods. We cannot make every "widget" and expect wages that are satisfactory for Americans. Jobs for low profit items are not coming back nor should they.

Many of those (bolded above) high paying jobs used to be for making cars and the components for cars.

U.S. auto imports hit all-time high

Wages for making US housing (construction jobs) also used to be higher as well - you can't import housing but you can import the low wage labor to keep construction wages well below that needed to afford that housing.
 
Maybe he should impose the ones on Russia that Congress passed and he signed, oh wait those are sanctions.............

How many times can I say the disastrous repercussions of his Presidency will go on for decades.
He could have renegotiated the TPP and with minor changes walked away with his, I got yuge Changes, what does he do, cede Asia to China.
Just a total ****ing disaster that affects the US but your allies as well.
 
Trump announces steel and aluminum tariffs Thursday over objections from advisers and Republicans

https://www.washingtonpost.com/news...d=hp_hp-top-table-main_no-name:homepage/story

This has everything from increased profits for companies, to job losses to countries retaliating.

And the DOW dropped 500 on this news.

Charted: How China turned the global steel industry upside down in just 15 years


https://qz.com/699979/how-chinas-overproduction-of-steel-is-damaging-companies-and-countries-around-the-world/


"Chinese steel is so cheap that products have been sold below their cost of production. Steel prices plummeted, dropping 39% in the US in the fourth quarter alone. Even amid concerns about overcapacity and falling prices, China’s steel production hit a record high in March.
Meanwhile, factories in the UK and in Mexico laid off thousands and half of the steel workers in Germany marched to protest China’s dumping. US Steel is firing 25% of its salaried employees."

Im not following how cheap Chinese steel is good for the US economy or our manufacturing base ?
 
With congress finally stepping up top the plate to increase the military budget it is also time to increase
production of necessary raw materials to prepare for all possibilities. Trump's tariff proposals on both steel
& aluminium are smart moves.

Only one country at the outbreak of World War II had the industrial and agricultural capacity as well as the resource
base to wage world war and that was the United States which had no desire to wage another world war

Japan was the most industrialized country in Asia, but its industrial base was small in comparison to America.
The Home Islands had almost no natural resources, but Japan had acquired some in Korea and Manchuria.
Like Germany, Japan had virtually no petroleum and imported most of its needs from the United States,
making it even more vulnerable than Germany.

Also new metal became very important--aluminium.
The united States was self sufficent or largely self sufficent in just about all categories of raw material production.
Not only did the United States have the resource base to supply its own war industry, but it also was
able to supply or help supply its allies as well.
 
I mean this will hurt the US from German car imports to the Wisconsin cheese industry etc. The ramifications of this move will be felt across the board for America. This isn’t 1946 anymore, you don’t control the free market.
 
I appreciate President Trump putting the interest of the American worker first. It's unbelievable how some would have us stand by as other countries decimate our steel industry thru unfair trade practices.

So what, Canada is not allowed to have any steel manufacturing jobs now? Are all Canadian steel workers stealing jobs from the US?

If Trump puts tariffs on other countries' steel, those countries will put tariffs on US steel and the US will lose jobs over that.
 
With congress finally stepping up top the plate to increase the military budget it is also time to increase
production of necessary raw materials to prepare for all possibilities. Trump's tariff proposals on both steel
& aluminium are smart moves.

Only one country at the outbreak of World War II had the industrial and agricultural capacity as well as the resource
base to wage world war and that was the United States which had no desire to wage another world war

Japan was the most industrialized country in Asia, but its industrial base was small in comparison to America.
The Home Islands had almost no natural resources, but Japan had acquired some in Korea and Manchuria.
Like Germany, Japan had virtually no petroleum and imported most of its needs from the United States,
making it even more vulnerable than Germany.

Also new metal became very important--aluminium.
The united States was self sufficent or largely self sufficent in just about all categories of raw material production.
Not only did the United States have the resource base to supply its own war industry, but it also was
able to supply or help supply its allies as well.

Except if you put tariffs on other countries goods, they will put tariffs on your goods and its foolish to think that will not hurt the US.

This is exactly how many American jobs depend on Canada?U.S. trade

https://www.google.ca/amp/s/www.theatlantic.com/amp/article/510008/
 
So what, Canada is not allowed to have any steel manufacturing jobs now? Are all Canadian steel workers stealing jobs from the US?

If Trump puts tariffs on other countries' steel, those countries will put tariffs on US steel and the US will lose jobs over that.


If you and your Chinese buddies want to dump your government subsidized steel on our market at the expense of American workers, you can shove your steel where the sun doesn't shine.

https://www.commerce.gov/news/press...initiates-antidumping-duty-and-countervailing

Latest U.S. trade complaint says Canada dumping welded pipe - Business - CBC News
 
And that goes for your lumber as well.
 
With congress finally stepping up top the plate to increase the military budget it is also time to increase
production of necessary raw materials to prepare for all possibilities. Trump's tariff proposals on both steel
& aluminium are smart moves.

Only one country at the outbreak of World War II had the industrial and agricultural capacity as well as the resource
base to wage world war and that was the United States which had no desire to wage another world war

Japan was the most industrialized country in Asia, but its industrial base was small in comparison to America.
The Home Islands had almost no natural resources, but Japan had acquired some in Korea and Manchuria.
Like Germany, Japan had virtually no petroleum and imported most of its needs from the United States,
making it even more vulnerable than Germany.

Also new metal became very important--aluminium.
The united States was self sufficent or largely self sufficent in just about all categories of raw material production.
Not only did the United States have the resource base to supply its own war industry, but it also was
able to supply or help supply its allies as well.

As Higgins86 said above, this isn't 1946 (or 1941, when the U.S. entered the WWII). The idea that Trump's move is to make the U.S. self-sufficient in case a world war broke out is silly. Think about it. Consumers need to pay 25% more for the metal in their next car because we need prepare for the next war?

These metals are only a piece of the strategic puzzle. Many of the chips used in missiles, aircraft and other weapons are made in foreign countries. Rare earths, used in electronics, are also largely in foreign countries. The world is interdependent today.

The stated reason for these tariffs was 'dumping by China and India,' not a need to have complete self-sufficiency in preparation for war.

Oh, I disagree with your first sentence ["congress (sic) finally stepping up top the plate to increase the military budget"]. Congress has funded the military lavishly to the point that the U.S. spends more than most of the remaining countries combined. The Pentagon isn't denied anything.

usgs_line.php
 
Trump gets his tariffs — and much of the world plans to strike back

President Trump’s decision to levy tariffs on foreign-made steel and aluminum is expected to backfire on U.S. exporters as other countries file legal challenges at the World Trade Organization. Investors appeared shaken by the news, with the Dow Jones industrial average closing Thursday down 420 points for the day.
How come Trump isn't bragging about the stock market anymore?
 
Who know what next week will bring - oops my bad - the next day will bring- oops my bad - the next tweet will bring, finally got it right.



It appears the "announcement" was premature. No one had a heads up, the EU has already said they will retaliate.

Best economists are saying price increases on almost everything, and little impact on suppliers. I suspect Trudeau's government will take aim at the service industries which, when added as they should be give the US a $2.6 billion surplus. It appears contracts signed with US companies that supply data services for provinces and hospitals contain a clause that allows a cancellation for such instances.

In my experience this is the lowest I have ever seen US-Canada relations, even exceeding the hate Nixon had for Trudeau, the Pierre version.

The first I think they will hit will be cross border shopping. Provinces ignore sales tax on US imports and have reduced limits on ridiculously large purchases and some 150,000 Americans make their living servicing that trade, jobs that disappear and leave empty malls.

Unless I am mistaken, this is perfect for the re-election of the Liberals.
 
It appears the "announcement" was premature. No one had a heads up, the EU has already said they will retaliate.

Best economists are saying price increases on almost everything, and little impact on suppliers. I suspect Trudeau's government will take aim at the service industries which, when added as they should be give the US a $2.6 billion surplus. It appears contracts signed with US companies that supply data services for provinces and hospitals contain a clause that allows a cancellation for such instances.

In my experience this is the lowest I have ever seen US-Canada relations, even exceeding the hate Nixon had for Trudeau, the Pierre version.

The first I think they will hit will be cross border shopping. Provinces ignore sales tax on US imports and have reduced limits on ridiculously large purchases and some 150,000 Americans make their living servicing that trade, jobs that disappear and leave empty malls.

Unless I am mistaken, this is perfect for the re-election of the Liberals.

Well stated. I have a feeling this will end up DOA and doesn't go through.
 
And that goes for your lumber as well.

Except the WTO has ruled in Canada's favor everytime this issue is brought up. I guess you think the rules do not apply to the US.
 
Except the WTO has ruled in Canada's favor everytime this issue is brought up. I guess you think the rules do not apply to the US.

Reality is not his specialty.
 
If you and your Chinese buddies want to dump your government subsidized steel on our market at the expense of American workers, you can shove your steel where the sun doesn't shine.

https://www.commerce.gov/news/press...initiates-antidumping-duty-and-countervailing

Latest U.S. trade complaint says Canada dumping welded pipe - Business - CBC News

Considering Trump says one thing about Canada and then contradicts it later, I think Trump is basing his policies on Canada on hobgoblins of his immigation, rather then facts:

Donald Trump's dubious attack on U.S.-Canada trade | PolitiFact

https://www.thestar.com/business/ec...ontradicts-his-own-views-on-trade-canada.html

And its not like trade with Canada creates jobs in the US:

This is exactly how many American jobs depend on Canada?U.S. trade

But you seem to want a spite based trade policy, as long as Canada becomes a failed state where no one has a job (which they likely stole), who cares if this throws millions of Americans out of work.
 
Considering Trump says one thing about Canada and then contradicts it later, I think Trump is basing his policies on Canada on hobgoblins of his immigation, rather then facts:

Donald Trump's dubious attack on U.S.-Canada trade | PolitiFact

https://www.thestar.com/business/ec...ontradicts-his-own-views-on-trade-canada.html

And its not like trade with Canada creates jobs in the US:

This is exactly how many American jobs depend on Canada?U.S. trade

But you seem to want a spite based trade policy, as long as Canada becomes a failed state where no one has a job (which they likely stole), who cares if this throws millions of Americans out of work.

US conservatives absolutely HATE Canada, so none of this really comes as any surprise.
 
As Higgins86 said above, this isn't 1946 (or 1941, when the U.S. entered the WWII). The idea that Trump's move is to make the U.S. self-sufficient in case a world war broke out is silly. Think about it. Consumers need to pay 25% more for the metal in their next car because we need prepare for the next war?

These metals are only a piece of the strategic puzzle. Many of the chips used in missiles, aircraft and other weapons are made in foreign countries. Rare earths, used in electronics, are also largely in foreign countries. The world is interdependent today.

The stated reason for these tariffs was 'dumping by China and India,' not a need to have complete self-sufficiency in preparation for war.

Oh, I disagree with your first sentence ["congress (sic) finally stepping up top the plate to increase the military budget"]. Congress has funded the military lavishly to the point that the U.S. spends more than most of the remaining countries combined. The Pentagon isn't denied anything.

usgs_line.php

China is already engaging in unfair trade practices with the USA, what is it now 500 billion dollar trade surplus, it's time to lower that.

Prior to WWII Japan indulged in acquisitions, which the US frowned on & was reliant on the US for 80% of its oil.
The American oil embargo caused a crisis in Japan & the rest is history.

Nowadays China warns White House to tread carefully after Rex Tillerson likens island-building to Russia’s taking of Crimea. “They are taking
territory or control or declaring control of territories that are not rightfully China’s,” Tillerson said.
If this situation turns sour we should not be dependent on China for raw materials, like Japan was on the US decades ago’

Steel & Aluminum = planes, warships & mechanized cavalry. Producing 10% of steel China does & less than we
need is dumb. I’m not suggesting we try to equal China production levels but to up our production to the point that we
double it to become the 2nd largest producer is wise. I understand the downside you mention but that tradeoff has to be taken.
If problems with China reach a fever pitch & we become on a war
footing, I don’t think in that case we should be at the mercy of China to supply us with needed raw materials.
 
I appreciate President Trump putting the interest of the American worker first. It's unbelievable how some would have us stand by as other countries decimate our steel industry thru unfair trade practices.

For every blue collar steel job you preserve with these tariffs you're going to kill so many other American jobs.

This is an incredibly foolish mistake on the administration's part; this isn't the 1950s, manufacturing isn't even a quarter of the American economy, and yet Trump is willing to risk the rest of the economy to "Save it"
 
I mean this will hurt the US from German car imports to the Wisconsin cheese industry etc. The ramifications of this move will be felt across the board for America. This isn’t 1946 anymore, you don’t control the free market.

Even worse, the idiocy of these tariffs will easily affect the globe negatively.

We can only pray that Trump isn't this retarded.
 
If you and your Chinese buddies want to dump your government subsidized steel on our market at the expense of American workers, you can shove your steel where the sun doesn't shine.

https://www.commerce.gov/news/press...initiates-antidumping-duty-and-countervailing

Latest U.S. trade complaint says Canada dumping welded pipe - Business - CBC News

Over half of the steel sold in the US is made in the US already, these tariffs won't accomplish anything other than **** over industries that rely on steel and aluminum like the car industry, the beer industry, etc.

Besides, the reason why the steel industry lost a lot of jobs is due to automation, not foreign trade, actually learn about the industry before speaking about it. Besides, why the hell are you focusing so much on China? China ranks 11th on steel importations into the United States.

https://www.trade.gov/steel/countries/pdfs/imports-us.pdf

Go educate yourself.
 
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For every blue collar steel job you preserve with these tariffs you're going to kill so many other American jobs.

This is an incredibly foolish mistake on the administration's part; this isn't the 1950s, manufacturing isn't even a quarter of the American economy, and yet Trump is willing to risk the rest of the economy to "Save it"


We've sat by as the government did nothing for decades as other countries manipulated trade at the expense of American workers and people like you make excuses for it and just want to continue turning a blind eye.

Sorry but this is partly why Trump got elected and I fully support forcing the hand of other countries until they start playing fair.
 
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