Steel and aluminum tariffs

insinceredawg

Great move, Stable Genius. Stock market has dropped almost 500 pts since this was announced. MAGA!
https://www.nytimes.com/2018/03/01/business/trump-tariffs.html

Swaye

My plan of keeping all my investments in my sock drawer is paying off bigly now.

2001400ex

My Cannabis stocks are doing just fine.

RaceBannon

Let's Occupy Wall Street

doogie

Had nothing to do with FED dumping assets.

Nothing at all.

Swaye

RaceBannon said:

Let's Occupy Wall Street

We have to DO SOMETHING.

GrundleStiltzkin

Swaye said:

My plan of keeping all my deposits in my socks is paying off bigly now.

#MeToo

insinceredawg

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

RaceBannon

We're all going to die

Swaye

RaceBannon said:

We're all going to die

greenblood

insinceredawg said:

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.

I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.

PurpleThrobber

As long as WOOD isn't taxed, the Throbber is good.

UWhuskytskeet

greenblood said:

insinceredawg said:

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.

I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.

This shit doesn't happen in a vacuum, there will be reciprocal tariffs.

All this would do is raise the price of steel and increase the cost new construction. Offer subsidies if you want to prop up US companies, tariffs are the worst of all worlds.

Thankfully, Trump didn't sign it today when he could have, so it will likely be added to the litany of shitty ideas he hasn't implemented.

dflea

greenblood said:

insinceredawg said:

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.

I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.

I could see how this could be your take - if you're a retarded weakling that needs tariffs to protect your shitty business model.

Go kill yourself, you tax loving donkey.

insinceredawg

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Yes, this drop has nothing to do with the tariffs.
https://www.usatoday.com/story/money/markets/2018/03/01/dow-drops-350-points-after-trump-says-steel-and-aluminum-tariffs-coming-next-week/385598002/

Fucking dumbass Trump cocksucker.

RaceBannon

https://ft.com/content/7dfb918e-f087-11e7-b220-857e26d1aca4

The EU has tariffs on Chinese steel. Call it a carbon tax. Production is going down in China as the dirty plants get closed, allegedly. Actually an interesting article.




China’s steel production growth is expected to slow sharply in 2018 as state-mandated factory closures and policies to protect the environment begin to bite.

The world’s largest producer of the metal will experience just a small rise in output of 0.6 per cent this year, a poll of 15 analysts found in a Financial Times survey.

Steel is often viewed as a barometer of economic activity because it is used in carmaking, construction and manufacturing, which means a significant price move could have repercussions for the broader economy.

For the steelmakers, the Chinese slowdown could have positive effects.

A modest increase in production from China, which accounts for about half the 1.7bn tonnes churned out worldwide, could restore balance to a global market that was ravaged by a collapse in prices two years ago due to oversupply.

Rod Beddows, of HCF International Advisers, said: “The total market appears to be reverting to a more stable ‘normal’ with Chinese exports under control.”


Steelmakers in the EU are expected to produce 2.4 per cent more as the economic recovery in many countries across the bloc gains strength. Brussels has similarly slapped tariffs on material deemed to be unfairly traded.


Under reforms of its bloated steel and coal sectors, Beijing has ordered the shutdown of the most inefficient and dirty mills. It has also imposed seasonal restrictions on a range of industries and large construction projects in a bid to reduce air pollution during winter.

Peter Archbold, senior director in the metals and mining team at Fitch, the rating agency, said: “We expect the capacity closures which have already taken place in China to continue to have a positive impact on steel markets globally in 2018.

“[These closures] have also lowered the volumes being exported, which has improved the market balance and domestic prices in other regional steel markets.”

GrundleStiltzkin

RaceBannon said:

https://ft.com/content/7dfb918e-f087-11e7-b220-857e26d1aca4

The EU has tariffs on Chinese steel. Call it a carbon tax. Production is going down in China as the dirty plants get closed, allegedly. Actually an interesting article.




China’s steel production growth is expected to slow sharply in 2018 as state-mandated factory closures and policies to protect the environment begin to bite.

The world’s largest producer of the metal will experience just a small rise in output of 0.6 per cent this year, a poll of 15 analysts found in a Financial Times survey.

Steel is often viewed as a barometer of economic activity because it is used in carmaking, construction and manufacturing, which means a significant price move could have repercussions for the broader economy.

For the steelmakers, the Chinese slowdown could have positive effects.

A modest increase in production from China, which accounts for about half the 1.7bn tonnes churned out worldwide, could restore balance to a global market that was ravaged by a collapse in prices two years ago due to oversupply.

Rod Beddows, of HCF International Advisers, said: “The total market appears to be reverting to a more stable ‘normal’ with Chinese exports under control.”


Steelmakers in the EU are expected to produce 2.4 per cent more as the economic recovery in many countries across the bloc gains strength. Brussels has similarly slapped tariffs on material deemed to be unfairly traded.


Under reforms of its bloated steel and coal sectors, Beijing has ordered the shutdown of the most inefficient and dirty mills. It has also imposed seasonal restrictions on a range of industries and large construction projects in a bid to reduce air pollution during winter.

Peter Archbold, senior director in the metals and mining team at Fitch, the rating agency, said: “We expect the capacity closures which have already taken place in China to continue to have a positive impact on steel markets globally in 2018.

“[These closures] have also lowered the volumes being exported, which has improved the market balance and domestic prices in other regional steel markets.”

FT IS YOUR SOURCE ?!?!?!/!1111

doogie

UWhuskytskeet said:

greenblood said:

insinceredawg said:

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.

I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.

This shit doesn't happen in a vacuum, there will be reciprocal tariffs.

All this would do is raise the price of steel and increase the cost new construction. Offer subsidies if you want to prop up US companies, tariffs are the worst of all worlds.

Thankfully, Trump didn't sign it today when he could have, so it will likely be added to the litany of shitty ideas he hasn't implemented.

Online Trading Academy was designed for simpletons just like you.

You should sign up and get RICH

Woof

China accounts for about 2% of our steel imports. This doesn't do jack shit to them.

Our poutine-eating, hockey-loving brethren to the north and our mezcal and taco-making brethren to the south are the primary countries impacted, along with Brazil.

RaceBannon

Woof said:

China accounts for about 2% of our steel imports. This doesn't do jack shit to them.

Our poutine-eating, hockey-loving brethren to the north and our mezcal and taco-making brethren to the south are the primary countries impacted, along with Brazil.

Sounds like the EU effects them more than us?

it may all be moot if China does join modern steel manufacturing. Their edge has been production like the US in the 19th century. Very dirty

dflea

doogie said:

UWhuskytskeet said:

greenblood said:

insinceredawg said:

doogie said:

Had nothing to do with FED dumping assets.

Nothing at all.

Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.

I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.

I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax.

This shit doesn't happen in a vacuum, there will be reciprocal tariffs.

All this would do is raise the price of steel and increase the cost new construction. Offer subsidies if you want to prop up US companies, tariffs are the worst of all worlds.

Thankfully, Trump didn't sign it today when he could have, so it will likely be added to the litany of shitty ideas he hasn't implemented.

Online Trading Academy was designed for simpletons just like you.

You should sign up and get RICH

Only faggots defend protectionist trade policies that hurt consumers.

And Trump's nut huggers.

You fit in both categories.