leekohler2
Well-known member
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Tariffs on raw materials will place the jobs of millions in jeopardy. Trade wars always hurt all involved. Check your history books.
You didn't read very well. There is more profit from selling automobiles made with steel than on the steel in them. Same goes with any other product made with steel or aluminum. As an advanced nation we need to stick with high profit items that provide good paying jobs for Americans. Those jobs are in jeopardy if a trade war makes those high value products no longer exportable because of retaliatory tariffs on American goods. We cannot make every "widget" and expect wages that are satisfactory for Americans. Jobs for low profit items are not coming back nor should they.
Maybe he should impose the ones on Russia that Congress passed and he signed, oh wait those are sanctions.............
Trump announces steel and aluminum tariffs Thursday over objections from advisers and Republicans
https://www.washingtonpost.com/news...d=hp_hp-top-table-main_no-name:homepage/story
This has everything from increased profits for companies, to job losses to countries retaliating.
And the DOW dropped 500 on this news.
I appreciate President Trump putting the interest of the American worker first. It's unbelievable how some would have us stand by as other countries decimate our steel industry thru unfair trade practices.
With congress finally stepping up top the plate to increase the military budget it is also time to increase
production of necessary raw materials to prepare for all possibilities. Trump's tariff proposals on both steel
& aluminium are smart moves.
Only one country at the outbreak of World War II had the industrial and agricultural capacity as well as the resource
base to wage world war and that was the United States which had no desire to wage another world war
Japan was the most industrialized country in Asia, but its industrial base was small in comparison to America.
The Home Islands had almost no natural resources, but Japan had acquired some in Korea and Manchuria.
Like Germany, Japan had virtually no petroleum and imported most of its needs from the United States,
making it even more vulnerable than Germany.
Also new metal became very important--aluminium.
The united States was self sufficent or largely self sufficent in just about all categories of raw material production.
Not only did the United States have the resource base to supply its own war industry, but it also was
able to supply or help supply its allies as well.
So what, Canada is not allowed to have any steel manufacturing jobs now? Are all Canadian steel workers stealing jobs from the US?
If Trump puts tariffs on other countries' steel, those countries will put tariffs on US steel and the US will lose jobs over that.
With congress finally stepping up top the plate to increase the military budget it is also time to increase
production of necessary raw materials to prepare for all possibilities. Trump's tariff proposals on both steel
& aluminium are smart moves.
Only one country at the outbreak of World War II had the industrial and agricultural capacity as well as the resource
base to wage world war and that was the United States which had no desire to wage another world war
Japan was the most industrialized country in Asia, but its industrial base was small in comparison to America.
The Home Islands had almost no natural resources, but Japan had acquired some in Korea and Manchuria.
Like Germany, Japan had virtually no petroleum and imported most of its needs from the United States,
making it even more vulnerable than Germany.
Also new metal became very important--aluminium.
The united States was self sufficent or largely self sufficent in just about all categories of raw material production.
Not only did the United States have the resource base to supply its own war industry, but it also was
able to supply or help supply its allies as well.
How come Trump isn't bragging about the stock market anymore?President Trump’s decision to levy tariffs on foreign-made steel and aluminum is expected to backfire on U.S. exporters as other countries file legal challenges at the World Trade Organization. Investors appeared shaken by the news, with the Dow Jones industrial average closing Thursday down 420 points for the day.
Trump announces steel and aluminum tariffs Thursday over objections from advisers and Republicans
https://www.washingtonpost.com/news...d=hp_hp-top-table-main_no-name:homepage/story
This has everything from increased profits for companies, to job losses to countries retaliating.
And the DOW dropped 500 on this news.
Who know what next week will bring - oops my bad - the next day will bring- oops my bad - the next tweet will bring, finally got it right.
It appears the "announcement" was premature. No one had a heads up, the EU has already said they will retaliate.
Best economists are saying price increases on almost everything, and little impact on suppliers. I suspect Trudeau's government will take aim at the service industries which, when added as they should be give the US a $2.6 billion surplus. It appears contracts signed with US companies that supply data services for provinces and hospitals contain a clause that allows a cancellation for such instances.
In my experience this is the lowest I have ever seen US-Canada relations, even exceeding the hate Nixon had for Trudeau, the Pierre version.
The first I think they will hit will be cross border shopping. Provinces ignore sales tax on US imports and have reduced limits on ridiculously large purchases and some 150,000 Americans make their living servicing that trade, jobs that disappear and leave empty malls.
Unless I am mistaken, this is perfect for the re-election of the Liberals.
And that goes for your lumber as well.
Except the WTO has ruled in Canada's favor everytime this issue is brought up. I guess you think the rules do not apply to the US.
If you and your Chinese buddies want to dump your government subsidized steel on our market at the expense of American workers, you can shove your steel where the sun doesn't shine.
https://www.commerce.gov/news/press...initiates-antidumping-duty-and-countervailing
Latest U.S. trade complaint says Canada dumping welded pipe - Business - CBC News
Considering Trump says one thing about Canada and then contradicts it later, I think Trump is basing his policies on Canada on hobgoblins of his immigation, rather then facts:
Donald Trump's dubious attack on U.S.-Canada trade | PolitiFact
https://www.thestar.com/business/ec...ontradicts-his-own-views-on-trade-canada.html
And its not like trade with Canada creates jobs in the US:
This is exactly how many American jobs depend on Canada?U.S. trade
But you seem to want a spite based trade policy, as long as Canada becomes a failed state where no one has a job (which they likely stole), who cares if this throws millions of Americans out of work.
As Higgins86 said above, this isn't 1946 (or 1941, when the U.S. entered the WWII). The idea that Trump's move is to make the U.S. self-sufficient in case a world war broke out is silly. Think about it. Consumers need to pay 25% more for the metal in their next car because we need prepare for the next war?
These metals are only a piece of the strategic puzzle. Many of the chips used in missiles, aircraft and other weapons are made in foreign countries. Rare earths, used in electronics, are also largely in foreign countries. The world is interdependent today.
The stated reason for these tariffs was 'dumping by China and India,' not a need to have complete self-sufficiency in preparation for war.
Oh, I disagree with your first sentence ["congress (sic) finally stepping up top the plate to increase the military budget"]. Congress has funded the military lavishly to the point that the U.S. spends more than most of the remaining countries combined. The Pentagon isn't denied anything.
I appreciate President Trump putting the interest of the American worker first. It's unbelievable how some would have us stand by as other countries decimate our steel industry thru unfair trade practices.
I mean this will hurt the US from German car imports to the Wisconsin cheese industry etc. The ramifications of this move will be felt across the board for America. This isn’t 1946 anymore, you don’t control the free market.
If you and your Chinese buddies want to dump your government subsidized steel on our market at the expense of American workers, you can shove your steel where the sun doesn't shine.
https://www.commerce.gov/news/press...initiates-antidumping-duty-and-countervailing
Latest U.S. trade complaint says Canada dumping welded pipe - Business - CBC News
For every blue collar steel job you preserve with these tariffs you're going to kill so many other American jobs.
This is an incredibly foolish mistake on the administration's part; this isn't the 1950s, manufacturing isn't even a quarter of the American economy, and yet Trump is willing to risk the rest of the economy to "Save it"
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