Steel and aluminum tariffs
Comments
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Even if?RedRocket said:
Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron...
The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying.
A several hundred million dollar pipeline is a cheap pipeline...but you can't generate the hysteria by saying their costs are going up 3-4% as you can saying their costs are going up 25%. Especially since all these oil companies just got a significant corporate tax cut (most of the midstream guys are MLPs and get out of that though...).
I'm sure they did and more power to them...that's the system we have. My point is just my opinion as to why you are seeing this...i.e. its directly pointed at China and the NAFTA agreement negotiations currently going on, and its not nearly as significant as the hysterical folks would have you believe. I'm all for China subsidizing our raw materials...but I'm also all for actual free and fair trade back and forth with them which is anything but what we currently have.
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I seem to remember you freaking out about the 2.3% medical device tax. Now 4% doesn't matter.HoustonHusky said:
Even if?RedRocket said:
Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron...
The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying.
A several hundred million dollar pipeline is a cheap pipeline...but you can't generate the hysteria by saying their costs are going up 3-4% as you can saying their costs are going up 25%. Especially since all these oil companies just got a significant corporate tax cut (most of the midstream guys are MLPs and get out of that though...).
I'm sure they did and more power to them...that's the system we have. My point is just my opinion as to why you are seeing this...i.e. its directly pointed at China and the NAFTA agreement negotiations currently going on, and its not nearly as significant as the hysterical folks would have you believe. I'm all for China subsidizing our raw materials...but I'm also all for actual free and fair trade back and forth with them which is anything but what we currently have. -
@HoustonHusky is one of a few people on this bored who probably understands the full macro implications of tariffs.
The rest of you are fucking idiots overreacting because the word Trump is involved and like Pavlov's dog you start mouth breathing the second you see his name.
If anyone believes the tariffs are meant for the long run, you're an idiot.
Trump is setting in motion a number of steps, he, and his administration, believes will bring jobs to America. And, those jobs will be found among his base.
Tariffs are negotiation tools.
Even those who wash Obama's balls know he tinkered with Tariffs, difference is he didn't have a spine to negotiate with. -
2001400ex said:
I seem to remember you freaking out about the 2.3% medical device tax. Now 4% doesn't matter.HoustonHusky said:
Even if?RedRocket said:
Even if I take your numbers at face value a 4% increase on a several hundred million dollar pipeline isn't non trivial. I'm sure you would be happy to eat a 4% increase in your income or property taxes because it's only 4%, right?HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron...
The major oil and natural gas trade groups already came out against the tariff. Bloomberg and the other outlets are now just reporting on it. But if HoustoFS says that it's not a big deal then I guess I should just dismiss what the entire industry is saying.
A several hundred million dollar pipeline is a cheap pipeline...but you can't generate the hysteria by saying their costs are going up 3-4% as you can saying their costs are going up 25%. Especially since all these oil companies just got a significant corporate tax cut (most of the midstream guys are MLPs and get out of that though...).
I'm sure they did and more power to them...that's the system we have. My point is just my opinion as to why you are seeing this...i.e. its directly pointed at China and the NAFTA agreement negotiations currently going on, and its not nearly as significant as the hysterical folks would have you believe. I'm all for China subsidizing our raw materials...but I'm also all for actual free and fair trade back and forth with them which is anything but what we currently have.
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Watching toppy hug Houston's nuts is as funny as watching Houston hug Trump's nuts.
I know about tariffs on a macro level, fuckface. I know virtually every economist will say they're stupid and ineffective and only lead to higher prices. Then there's retarded twats like you and Houston who support higher consumer prices because you just gotta wash Trump's balls like the faggot you are.
Gee, let's roll back regulations to save costs - and then implement tariffs.......to raise costs.
You're a fucking retard, toppy. -
Protectionism. Like screwing your wife's best friend, it feels good in the moment. Eventually, it becomes the worst decision you ever made.HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron...
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That's because you're a dumb Oregon Duck.greenblood said:
I actually don't mind tariffs. This is essentially a consumption tax. The more imported crap you use, the more you pay.insinceredawg said:
Please explain why the tariffs will help this country? This will spark a trade war and the losers will be consumers.doogie said:Had nothing to do with FED dumping assets.
Nothing at all.
I kind of wish we just had a national sales tax vs income tax anyway. At least everyone pays for this tax. -
You know why.RaceBannon said:
Sounds like the EU effects them more than us?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.
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 -
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You're as predictable as a morning shit.dflea said:Watching toppy hug Houston's nuts is as funny as watching Houston hug Trump's nuts.
I know about tariffs on a macro level, fuckface. I know virtually every economist will say they're stupid and ineffective and only lead to higher prices. Then there's retarded twats like you and Houston who support higher consumer prices because you just gotta wash Trump's balls like the faggot you are.
Gee, let's roll back regulations to save costs - and then implement tariffs.......to raise costs.
You're a fucking retard, toppy.
You're knowledge of tariffs is about the same level of understanding, of that I am sure.
Implemented tariffs don't work. However, in negotiations, the threat does work. Of course nothing works if don't have a purpose to threaten the tariff.
I assume, since you are hurling insults and being an Interwebs tuff guy, you now what the larger purpose is and why Trump is doing what he is.
I don't know, or even pretend to know why Trump is doing it. But when the dust settles he'll be held accountable at the ballot box.
You'll spout off and be the tuff guy you are and make fun of Trump.
Just like you did when he ran his campaign that went 18-0 against some of the biggest names in political history.
In the end, you're just a dumb fuck who strokes his meat pretending to be something you're not.
