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

[MateoMtnClimber]

[h=3]Paul Ryan 'extremely worried' about Trump[/h]

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan,” Ryan spokeswoman AshLee Strong said in a statement.*“The new tax reform law has boosted the economy, and we certainly don’t want to jeopardize those gains.”

How I translate this: "President, just shut the **** up. We have a lot of elections to win in eight months."

 

[Jack Hays]

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan,” Ryan spokeswoman AshLee Strong said in a statement.*“The new tax reform law has boosted the economy, and we certainly don’t want to jeopardize those gains.”

How I translate this: "President, just shut the **** up. We have a lot of elections to win in eight months."

Ryan is a free trader by conviction, as are many conservative Republicans.

 

[MateoMtnClimber]

Ryan is a free trader by conviction, as are many conservative Republicans.

Sure. He's also a fiscal conservative by conviction. That didn't stop him from passing a debt-increasing and deficit-enlarging tax cut.

Ryan's political survival matters more to him than anything else, I think. That his first opposition to the president relates to free trade does inform me though.

 

[Fenton]

You are completely full of ****. Nothing you've provided, in any way, supports your claims.

Trade In Value Added: Declining U.S.-Produced Content in U.S. Imports from NAFTA

https://www.commerce.gov/sites/commerce.gov/files/us-produced-value-in-us-imports-from-nafta.pdf


" The non-NAFTA share of the value of U.S. motor vehicle imports from Mexico more than doubled over this period, growing from 13 percent in 1995 to over 29 percent in 2011. This increase is largely due to increased East Asian, particularly Chinese, value embodied in imports from Mexico, but also reflects
increased value from the EU-28 and Rest of World.

The story of the sources of value-added in U.S. imports of motor vehicles from Canada is similar to that of Mexico: a decline in the NAFTA share of the value-added of those imports and an increase in the non NAFTA value-added (Table 6). However, the increase in non-NAFTA share was spread more evenly between non-NAFTA countries than was seen with Mexico. "




NAFTA’s ‘Uninvited Guest’: Why China’s Path to U.S. manufacturing Runs Through Mexico

NAFTA?s ?Uninvited Guest?: Why China?s Path to U.S. manufacturing Runs Through Mexico - Knowledge@Wharton

" Opportunities for Chinese steel manufacturers in Mexico have been expanding because of strong demand for steel in the Mexican automotive sector. Companies such as Honda, GM, Nissan and Ford all operate plants in Mexico whose output is largely exported to the United States.

For Chinese exporters of steel and other industrial inputs, Mexico has become a natural opportunity because of its proximity to the United States, says Myers, and the fact that Mexico’s transportation networks and industrial supply chains are closely integrated into those of the U.S. and Canada, the other members of NAFTA. “In a way, China is a part of NAFTA because China contributes a lot to the goods that wind up” in the United States and Canada, says Myers."



How value-added exports are boosting Canada's economy

How value-added exports are boosting Canada's economy | rabble.ca

" In particular, the data indicate impressive growth over the last two years in all of the five value-added sectors (led by a 42 per cent two-year compound expansion in other transport equipment, mostly aerospace). This expansion has offset much of the decline in primary exports. By mid-2015, value-added exports surpassed primary exports as the largest component of Canada's exports see figure). By the end of the year, those five sectors were accounting for around half of all exports, compared to just over one-third in early 2014. "

 

[Fenton]

"Opinion" is the first word on the page you posted. Then you posted two charts that had nothing to do with your false claim that China is using NAFTA and our NAFTA partners to sneak steel into the US. Get real.

And now you have gone on at least two unrelated and untrue rants about "liberal poutrage" and "Trump hatred". You're looking awfully desperate, buddy.

They were obviously overt your head, and this will be too

Canadian trade investment 2014
http://www.oecd.org/investment/Canada-trade-investment-statistical-country-note.pdf

" Almost one-quarter (24% in 2014) of economic activity (GDP) in Canada depends on foreign markets. Foreign-owned firms play a significant role in driving exports, accounting for one-half of Canada’s gross exports. Canada’s outward investment (equivalent to 80% of GDP in 2016) has grown faster than inward investment in recent years (equivalent to 62% GDP in 2016). A broader notion of international orientation, which captures the impact on national income of exports and sales through foreign affiliates, shows that Canada’s international orientation was equivalent to nearly one-quarter (23%) of GDP in 2010. Were more recent data available, it is likely that this would be larger reflecting Canada’s increased outward investment position


The top manufacturing exporting industries in Canada are motor vehicles (MTR) and basic metals (MET) In the former, inward investment plays an important role in GVC integration, with foreign owned firms accounting for three-quarters of value added, while in the latter, 80% of value added meets foreign final demand, a strong export orientation.

The top manufacturing exporting industries in Canada are motor vehicles (MTR), basic metals (MET) and chemical and chemical products (CHM). The import content of exports is relatively high across these industriesillustrating the role that importing plays in supporting exports and indicating the degree of GVC integration in these industries "

Mexico

A Chinese billionaire hides 6% of the world's aluminum in the Mexican desert to avoid US tariffs
A Chinese billionaire may have hidden 6% of the world's aluminum in the Mexican desert - Business Insider

Yep, we can trust our NAFTA partners...:roll:

 

[MateoMtnClimber]

They were obviously overt your head, and this will be too

Canadian trade investment 2014
http://www.oecd.org/investment/Canada-trade-investment-statistical-country-note.pdf

" Almost one-quarter (24% in 2014) of economic activity (GDP) in Canada depends on foreign markets. Foreign-owned firms play a significant role in driving exports, accounting for one-half of Canada’s gross exports. Canada’s outward investment (equivalent to 80% of GDP in 2016) has grown faster than inward investment in recent years (equivalent to 62% GDP in 2016). A broader notion of international orientation, which captures the impact on national income of exports and sales through foreign affiliates, shows that Canada’s international orientation was equivalent to nearly one-quarter (23%) of GDP in 2010. Were more recent data available, it is likely that this would be larger reflecting Canada’s increased outward investment position


The top manufacturing exporting industries in Canada are motor vehicles (MTR) and basic metals (MET) In the former, inward investment plays an important role in GVC integration, with foreign owned firms accounting for three-quarters of value added, while in the latter, 80% of value added meets foreign final demand, a strong export orientation.

The top manufacturing exporting industries in Canada are motor vehicles (MTR), basic metals (MET) and chemical and chemical products (CHM). The import content of exports is relatively high across these industriesillustrating the role that importing plays in supporting exports and indicating the degree of GVC integration in these industries "

Mexico

A Chinese billionaire hides 6% of the world's aluminum in the Mexican desert to avoid US tariffs
A Chinese billionaire may have hidden 6% of the world's aluminum in the Mexican desert - Business Insider

Yep, we can trust our NAFTA partners...:roll:

Your four-year-old references to the Canadian economy didn't go over my head. They're as incoherent and irrelevant as I've told you they are throughout this thread. You still didn't link Canadian imports from China, Canadian exports to the US, and your conspiracy theory about China sneaking steel into the US via Canada and that dastardly NAFTA. To be fair, I can't open your first link. It's apparently "of an invalid format". If you believe that the NAFTA signatories are the entities we need to be scared of, then I'm glad you're not in control of any function of the American economy.

 

[Kushinator]

Trade In Value Added: Declining U.S.-Produced Content in U.S. Imports from NAFTA

https://www.commerce.gov/sites/commerce.gov/files/us-produced-value-in-us-imports-from-nafta.pdf


" The non-NAFTA share of the value of U.S. motor vehicle imports from Mexico more than doubled over this period, growing from 13 percent in 1995 to over 29 percent in 2011. This increase is largely due to increased East Asian, particularly Chinese, value embodied in imports from Mexico, but also reflects
increased value from the EU-28 and Rest of World.

The story of the sources of value-added in U.S. imports of motor vehicles from Canada is similar to that of Mexico: a decline in the NAFTA share of the value-added of those imports and an increase in the non NAFTA value-added (Table 6). However, the increase in non-NAFTA share was spread more evenly between non-NAFTA countries than was seen with Mexico. "




NAFTA’s ‘Uninvited Guest’: Why China’s Path to U.S. manufacturing Runs Through Mexico

NAFTA?s ?Uninvited Guest?: Why China?s Path to U.S. manufacturing Runs Through Mexico - Knowledge@Wharton

" Opportunities for Chinese steel manufacturers in Mexico have been expanding because of strong demand for steel in the Mexican automotive sector. Companies such as Honda, GM, Nissan and Ford all operate plants in Mexico whose output is largely exported to the United States.

For Chinese exporters of steel and other industrial inputs, Mexico has become a natural opportunity because of its proximity to the United States, says Myers, and the fact that Mexico’s transportation networks and industrial supply chains are closely integrated into those of the U.S. and Canada, the other members of NAFTA. “In a way, China is a part of NAFTA because China contributes a lot to the goods that wind up” in the United States and Canada, says Myers."



How value-added exports are boosting Canada's economy

How value-added exports are boosting Canada's economy | rabble.ca

" In particular, the data indicate impressive growth over the last two years in all of the five value-added sectors (led by a 42 per cent two-year compound expansion in other transport equipment, mostly aerospace). This expansion has offset much of the decline in primary exports. By mid-2015, value-added exports surpassed primary exports as the largest component of Canada's exports see figure). By the end of the year, those five sectors were accounting for around half of all exports, compared to just over one-third in early 2014. "

Nobody had denied that China's representation as a global trade giant hasn't penetrated Canada or Mexico. Nobody! However, you did state that Chinese firms are able to dump metal products in Canada to be exported via value-added goods into the U.S. as a means of circumventing NAFTA.

NOTHING you've provided supports this claim in any way, unless you want to claim that Canada is allowing China to simultaneously harm their domestic steel production with the aim to profit from U.S. consumers at the behest of international trade laws.