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Steel and aluminum tariffs

PeteEU said:
The real question is how hard it will hit the US economy. The US needs steele, but it is now 25% more expensive and no alternatives. Starting up old steel works takes a lot of time and the costs are huge... so what will happen?
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Since the US steel companies can have no assurance that the tariffs will remain in place for even long enough for them to resurrect dormant steel production facilities, then what will happen will be a shortage of supply and when supply gets short prices go up.
 
poweRob said:
I await your list of actual accomplishments. Like... how he ALMOST talked with Kim Un. :lol:

At this point Trump can be most aptly depicted as Sir Robin.

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1. freed US prisoners
2. stopped all nuke testing
3. destroyed nuke testing site and is not building a new one
4. Lil Kim crossing the border to meet with the SK President.

None would have happened if anyone else were President, SK President who is in a position to know is giving President Trump full credit.
 
Casca XV said:
1. freed US prisoners
2. stopped all nuke testing
3. destroyed nuke testing site and is not building a new one
4. Lil Kim crossing the border to meet with the SK President.

None would have happened if anyone else were President, SK President who is in a position to know is giving President Trump full credit.
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1. Obama freed more and you won't give him credit for it.
2. trump didn't destroy anything. Kim's lab collapsed.
3. Here in South Korea, people fear Donald Trump more than Kim Jong-un

:lol:
 
Casca XV said:
4. Lil Kim crossing the border to meet with the SK President.

None would have happened if anyone else were President, SK President who is in a position to know is giving President Trump full credit.
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The SK president was elected under the promise to talk with NK. Full credit goes to him.
 
So far we're in a trade war with China, the EU, and probably Mexico and Canada.

There goes whatever impetus existed (not much) for the economy to pay for the Trump/GOP tax swindle.

The CBO calculated 4% GDP growth per year was necessary. Not gonna happen. Hello recession.
 
poweRob said:
Art of Benghazi? Oh dear... its sad watching "deep state" conspiracy theorists losing their minds online.[/QUOTE

Benghazi is synonymous with failure. Not even Deep State Swamp Dwellers argue against this point. By every objective measure Obama was the most incompetent failure in the history of the presidency. Hillary was rite there with him and would have continued the failure and American decline had she been elected.
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Rogue Valley said:
So far we're in a trade war with China, the EU, and probably Mexico and Canada.

There goes whatever impetus existed (not much) for the economy to pay for the Trump/GOP tax swindle.

The CBO calculated 4% GDP growth per year was necessary. Not gonna happen. Hello recession.
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It must be miserable for you to always be wrong.

I will mark this post and in a few months we will revisit it.

Then I'm going to humiliate you so bad you might abandon this profile.
 
Casca XV said:
It must be miserable for you to always be wrong.

I will mark this post and in a few months we will revisit it.

Then I'm going to humiliate you so bad you might abandon this profile.
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In a few months you will hiding from the embarrassment you are making into now.
 
Casca XV said:
It must be miserable for you to always be wrong.

I will mark this post and in a few months we will revisit it.

Then I'm going to humiliate you so bad you might abandon this profile.
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So in a thread on tariffs let's hear your opinion. What do you think of the tariffs?
 
Here's the long list of U.S. products on which Canada is proposing to impose $16.6 billion worth of tariffs. Includes steel, yogurt, coffee, maple syrup (lol), pizza, aftershave, kitchenware, toilet paper, mattresses, pens, boats, kegs...


Department of Finance Canada
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[h=1]Notice of intent to impose countermeasures action against the United States in response to tariffs on Canadian steel and aluminum products[/h]
 
Casca XV said:
Benghazi is synonymous with failure. Not even Deep State Swamp Dwellers argue against this point. By every objective measure Obama was the most incompetent failure in the history of the presidency. Hillary was rite there with him and would have continued the failure and American decline had she been elected.
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And by "decline" you mean constant sustained economic growth and recovery from the great republican recession of 2007/2008. Deep slashing of the deficit and healthcare coverage of millions of more Americans than before.

You have a weird definition of "decline". :lol:
 
Casca XV said:
Leftist like you said the same thing about China. And within a week President Trump had not only won he had China pressuring North Korea.

It must be miserable for you to constantly have Cheeto Jesus real world business experience destroy academic theory.
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What does this have to do with tariffs on EU, Canada and Mexico? What do you want in terms of trade from these other parties? Because these other parties will put tariffs on the US in reponse.
 
Grand Mal said:
As of midnight tonight Trump is applying a 25% tariff on steel and 10% tariff on aluminum against Canada, Mexico and Europe. The first shot on a trade war that can't end well for anyone.

U.S. will slap Canada with steel and aluminum tariffs starting at midnight | CBC News


I'm glad we (Canada) got the trade deal with Europe done last year, and the TPP in place. The negotiations with the Mercosur trading bloc in South America are progressing as well. It's about damage control now.
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I predict our GDP will be MORE than the 4%-5% predicted. Maybe even as high as 8%.
 
America has just isolated itself .... the this will only make the EU more determined to defend Iran from US sanctions
 
Casca XV said:
It must be miserable for you to always be wrong.

I will mark this post and in a few months we will revisit it.

Then I'm going to humiliate you so bad you might abandon this profile.
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You scare no one. Begone, before a bucket of water lands on you also :mrgreen:

Melting.gif
 
TU Curmudgeon said:
Since the US steel companies can have no assurance that the tariffs will remain in place for even long enough for them to resurrect dormant steel production facilities, then what will happen will be a shortage of supply and when supply gets short prices go up.
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As long as other countries insist on selling cheap Chinese steel or products made with that junk, the tariffs will remain in place.
 
Mycroft said:
I predict our GDP will be MORE than the 4%-5% predicted. Maybe even as high as 8%.
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It hasn't been 8% since the Korean War, and it hasn't been above 5% since 1978 when the Fed raised the rate to 20% to stop inflation.

Trade wars with the worlds leading economies and you think our economy is going to set records? Lol.

You're a funny little Trumpster Mycroft.
 
Rogue Valley said:
It hasn't been 8% since the Korean War, and it hasn't been above 5% since 1978 when the Fed raised the rate to 20% to stop inflation.

Trade wars with the worlds leading economies and you think our economy is going to set records? Lol.

~snipped the gratuitous insult~
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Yes. If we don't set records, we'll come very close. You don't have any idea how that can happen, do you?
 
Grand Mal said:
As of midnight tonight Trump is applying a 25% tariff on steel and 10% tariff on aluminum against Canada, Mexico and Europe. The first shot on a trade war that can't end well for anyone.

U.S. will slap Canada with steel and aluminum tariffs starting at midnight | CBC News


I'm glad we (Canada) got the trade deal with Europe done last year, and the TPP in place. The negotiations with the Mercosur trading bloc in South America are progressing as well. It's about damage control now.
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Good. **** having all our eggs in that basket.

Here's hoping all the countries involved work out their **** in a way to protect themselves from American volatility and temporary insanity forever more. My condolences to those that have been speaking out against this all along. You've really been dragged along for what is about to become a bumpy, bumpy road. The only thing I can hope for for you guys is that Trump does his usual tail between legs retreat, when he realizes that the rest of the world DGAF about his ego or his temper tantrums. Sad to say it, folks, but this is just the beginning...

Trade war: EU, Mexico and Canda respond to US tariffs on steel and aluminum
 
Mycroft said:
Yes. If we don't set records, we'll come very close. You don't have any idea how that can happen, do you?
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Well it won't be thru exports. Trade wars NEVER end well.
 
Mycroft said:
As long as other countries insist on selling cheap Chinese steel or products made with that junk, the tariffs will remain in place.
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What evidence do you have that Canada dumps Chinese steel into the US?
 
Mycroft said:
I predict our GDP will be MORE than the 4%-5% predicted. Maybe even as high as 8%.
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LOL You need a job in the Trump administration. They love liars. The GDP will decline from 2017 levels. And worldwide GDP's will decline also. Trade wars always do that. Russia will be the exception of course. The only thing they trade is fossil fuels and they are rising in price due to Trump's policies.
 
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