China slaps tariff on U.S. oil pipe, potential hit to Texas industry

[Reasonable]

No matter how many times the serial sex offender fucks up, Brifart will be there to make excuses for his cult leader.
He’s working his way up to deputy status in the cult.

 

[bripat9643]

you misspelled were

No thanks to douchebags like you.

you're right

i've done nothing to affect the lowered worldwide opinion of america and loss of faith in our economy

that would be your boi, the cheeto-in-chief

Sure you have. You constantly vote for douchebags like Schumer, Pelosi and Hillary.

 

[bripat9643]

No matter how many times the serial sex offender fucks up, Brifart will be there to make excuses for his cult leader.
He’s working his way up to deputy status in the cult.

I defend him when he deserves to be defended, which is most of the time since the left's constant attacks on him are totally meritless.

 

[del]

you misspelled were

No thanks to douchebags like you.

you're right

i've done nothing to affect the lowered worldwide opinion of america and loss of faith in our economy

that would be your boi, the cheeto-in-chief

Sure you have. You constantly vote for douchebags like Schumer, Pelosi and Hillary.

i've never voted for any of those people

you don't get any smarter as time goes on, do you?

 

[Harpy Eagle]

So? What are they going to do, start whining for us to pay them?

Well, moron, we are going into $1.3 TRILLION more in debt......What if China refuses to "buy" any of our additional bonds....and other countries like Japan also stop?

The enitre appropriations bill isn't added to the debt, moron.
.

Very true, we are going to add way more than 1.3 trillion to the debt this year. We are on track to add 2.5 for the CY, though only 1.7 for the FY

 

[OKTexas]

Contrary to what you might have assumed, this event proves that there really isn't much China can do to us in a trade war. We have all the cards because they have a $400 billion trade deficit with us.

China slaps tariff on U.S. oil pipe, potential hit to Texas industry

Texas manufacturers who produce steel oil and gas pipelines and drill pipe are expected to see a relatively modest impact from China's announcement it was slapping a 15 percent tariff on steel pipe from the United States.

Last year the United States exported 832,000 metric tons of steel pipe, according to the U.S. International Trade Administration. More than 80 percent of that pipe went to Canada and Mexico, with China coming in a distant third.

"Bottom line, if the retaliation is on pipelines, Houston will not see much impact. However, if the trade war escalates to broader energy related machinery classes, then Houston will be more exposed," said Praveen Kumar, executive director of the University of Houston's Gutierrez Energy Management Institute.

The steel pipe tariff is part of a sprawling $3 billion tariff imposed by the Chinese early Friday, in response to President Donald Trump's announcement he would enact tariffs targeting $50 billion in Chinese goods. Among the U.S. goods targeted by the Chinese are pork, apples and steel pipe, but officials in Beijing are believed to be considering further action depending on the economic impact of Trump's tariffs.​

Pipeline manufacturing has grown in Texas over the past decade, as the hydraulic fracturing boom took off in shale plays like the Eagle Ford and Permian Basin. In November, global steel pipe giant Tenaris began production of steel oil and gas pipe at its new $1.8 billion mill in Bay City, destined for shale oil and gas wells in Texas, Oklahoma and beyond.
​

Just so you know, check out this link:

Baytown steel mill expansion promises hundreds of new jobs


.

 

[bripat9643]

So? What are they going to do, start whining for us to pay them?

Well, moron, we are going into $1.3 TRILLION more in debt......What if China refuses to "buy" any of our additional bonds....and other countries like Japan also stop?

The enitre appropriations bill isn't added to the debt, moron.
.

Very true, we are going to add way more than 1.3 trillion to the debt this year. We are on track to add 2.5 for the CY, though only 1.7 for the FY

Where do you get these bullshit figures?

 

[Harpy Eagle]

So? What are they going to do, start whining for us to pay them?

Well, moron, we are going into $1.3 TRILLION more in debt......What if China refuses to "buy" any of our additional bonds....and other countries like Japan also stop?

The enitre appropriations bill isn't added to the debt, moron.
.

Very true, we are going to add way more than 1.3 trillion to the debt this year. We are on track to add 2.5 for the CY, though only 1.7 for the FY

Where do you get these bullshit figures?

It is this new thing, they call it "math", you might want to check it out.

Here is an example of how it works.

On Jan 1 the US Debt was $20,492,746,546,193.75
On Mar 24 (the day I made the above post) the debt was $21,068,911,163,715.00

Thus the debt added since Jan 1 2018 is $576,164,617,521.30.

Mar 24 was the 82 day of the year (you figure that out by counting the number of days from Jan 1 to Mar 24). So, that comes out to $ 7,026,397,774.65 added to the debt per day. If you take that and multiple by the number of days in the year (there are 365 if you did not know) you get a total of $ 2,564,635,187,747.25 (or 2.5 trillion dollars).

Thus, we are on pace for a total deficit of 2.56 trillion dollars for the CY.

Hope that helps.