Steel and aluminum tariffs
https://www.nytimes.com/2018/03/01/business/trump-tariffs.html
Comments
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My plan of keeping all my investments in my sock drawer is paying off bigly now.
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My Cannabis stocks are doing just fine.
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Let's Occupy Wall Street
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Had nothing to do with FED dumping assets.
Nothing at all. -
We have to DO SOMETHING.RaceBannon said:Let's Occupy Wall Street
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#MeTooSwaye said:My plan of keeping all my deposits in my socks is paying off bigly now.
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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. -
We're all going to die
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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. -
As long as WOOD isn't taxed, the Throbber is good.
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This shit doesn't happen in a vacuum, there will be reciprocal tariffs.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.
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. -
I could see how this could be your take - if you're a retarded weakling that needs tariffs to protect your shitty business model.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.
Go kill yourself, you tax loving donkey. -
Yes, this drop has nothing to do with the tariffs.doogie said:Had nothing to do with FED dumping assets.
Nothing at all.
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. -
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.”
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FT IS YOUR SOURCE ?!?!?!/!1111RaceBannon 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.” -
Online Trading Academy was designed for simpletons just like you.UWhuskytskeet said:
This shit doesn't happen in a vacuum, there will be reciprocal tariffs.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.
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.
You should sign up and get RICH -
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?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 -
Only faggots defend protectionist trade policies that hurt consumers.doogie said:
Online Trading Academy was designed for simpletons just like you.UWhuskytskeet said:
This shit doesn't happen in a vacuum, there will be reciprocal tariffs.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.
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.
You should sign up and get RICH
And Trump's nut huggers.
You fit in both categories. -
sure
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@CirrhosisDawg POTD!!!!dflea said:
I could see how this could be your take - if you're a retarded weakling that needs tariffs to protect your shitty business model.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.
Go kill yourself, you tax loving donkey.
Don't be a follower.
Be the lead dwag!!!! -
I can't find data, but I think it makes sense that Chinese steel could make it easier to Europe, or at least they compete for similar markets more frequently.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 -
Like I was saying. Here comes another fucking retard tariff defender.salemcoog said:
@CirrhosisDawg POTD!!!!dflea said:
I could see how this could be your take - if you're a retarded weakling that needs tariffs to protect your shitty business model.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.
Go kill yourself, you tax loving donkey.
Don't be a follower.
Be the lead dwag!!!! -
WTF BATES? Low clear days arent always productive...but a warm sunny-day drift on the sky has other values (beats the shit out of a smoggy traffic clogged day in kirkland dingus:)dflea said:
Like I was saying. Here comes another fucking retard tariff defender.salemcoog said:
@CirrhosisDawg POTD!!!!dflea said:
I could see how this could be your take - if you're a retarded weakling that needs tariffs to protect your shitty business model.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.
Go kill yourself, you tax loving donkey.
Don't be a follower.
Be the lead dwag!!!! -
Hot trading smack from an advisor at Edward Jones.doogie said:
Online Trading Academy was designed for simpletons just like you.UWhuskytskeet said:
This shit doesn't happen in a vacuum, there will be reciprocal tariffs.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.
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.
You should sign up and get RICH
The last time the US tried steel tariffs across the board, 200,000 jobs were lost and the US balked after reciprocal tariffs were threatened. Isolationist policies worked really well in the 20's, too. -
@FrontPageDAWG and his alternating up and down votes have paid off bigly for me in this thread.
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If I like my steel supplier, can I keep them?
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Republicans pounced on President Donald Trump's plan Thursday to slap tariffs of 25 percent on imported steel and 10 percent on imported aluminum, warning that it will lead to a trade war and leave American consumers paying the price.
"New, huge tariffs on all kinds of imported steel is a big mistake that will increase costs on American consumers, cost our country jobs, and invite retaliation from other countries," said Sen. Pat Toomey, R-Penn.
https://www.nbcnews.com/politics/donald-trump/amp/trump-slaps-tariffs-steel-aluminum-starting-next-week-n852341 -
Cue globalist free market zombies
