President Trump announces new tariffs: 25% for steel, 10% for aluminum

[TheMoreYouKnow]

In other words, Filthy Don just proposed more goverment subsidies in our awesome capitalist nation. So much for bootstrapping.

 

[OnePercenter]

How about a tariff on Illegals?

How about arrest, trial, convection, and jail for employers knowingly hiring illegals.

 

[Fort Fun Indiana]

How about a tariff on Illegals?

How about arrest, trial, convection, and jail for employers knowingly hiring illegals.

How about No, because our economy is more important than your bigotry and neuroses.

 

[OnePercenter]

So much for the free market conservatives.


Sent from my iPhone using USMessageBoard.com

Conservatives think big government should dictate pricing. Sounds kinda socialist...

From the conservative created United States of Corporate America.

 

[del]

And, gee, I thought Trump was in Putin's hip pocket? Russia stands to lose a bunch of money because of Trump's steel tariff.

your confusion is caused by thinking trump is a rational actor.

 

[OnePercenter]

How about a tariff on Illegals?

How about arrest, trial, convection, and jail for employers knowingly hiring illegals.

How about No, because our economy is more important than your bigotry and neuroses.

How would enforcing current law be "bigotry and neuroses?"

 

[Correll]

Stock market is in the green, Trump opens his mouth and threatens tariffs and the possibility of a trade war. Stocks drop sharply and close down 420 points for the day.

Wonder what's gonna happen tomorrow?

And, if the stock market drops again tomorrow, do you think Trump will change his mind and back down?

I thought trade balance didn't matter. Why would our trading partners care about this?


It if doesn't matter, just give US what we want, and we can all live happily ever after.


What's the problem?

 

[otto105]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Sure, start a trade war.

Why hasn’t he required US for major government projects or better yet properties that he is involved in.

 

[Correll]

As usual GOP voters are Mindless drones... No principles no knowledge unbelievable. GOP did this in the twenties, they never learn.

In the twenties we were huge exporters and the trade war cost US our massive trade surpluses.


Today, it would be the opposite.


Our trading partners are the ones that are making money at our expense.

 

[Correll]

As usual GOP voters are Mindless drones...

Actually, the GOP has come out strongly against this move.

That doesn't matter to Franco.


Like the vast majority of lefties, no matter what, he just attacks those who oppose his agenda.


Facts don't matter.

 

[busybee01]

I'm not an economist, but I'll give you the small businessman's perspective. I have a trucking company. I can easily compete with other trucking companies that have equivalent costs to my own...that is all American companies AND all Canadian companies. But, you throw Mexican companies into the mix, now I am at a significant disadvantage...as a Mexican driver can work for about half of what an American or Canadian can live on, because the cost of living is lower in Mexico than the US and Canada.

In a business where a 5 cent per mile (cpm) discount makes a huge impact on freight contracts, and a Mexican company is getting a 15 cpm reduced labor rate, the Mexican company is actual making more profit than I am, even though they are charging less, and getting more contracts. You can see the eventual endgame...I either close my doors, or move my headquarters to Mexico and hire all Mexican drivers in order to compete.

And that is why we don't have a free market trucking industry and why Mexico was held to a 100 mile from Mexican border zone for 10 years after NAFTA was signed. Today, Mexican trucks and Canadian trucks can haul freight out of their respective countries into the U.S. and U.S. freight back to their respective countries.

This is why I understand the need for Tariffs. What we need is fair trade...and that means fair to the American worker, not just businesses. Democrat claim to be in favor of that...but for partisan reason, block attempts to level the playing field.

As long as American companies are forced to compete against a colossal wage disparity, high taxes, worker safety regulations, a litigious society and government bureaucracy, there is no way to compete against foreign companies other that for our own companies to move overseas.

We would be beyond foolish to retreat on worker safety, litigation is not going to be reduced in any meaningful way, government bureaucracy isn't going away...and unless Americans want to live in shanty towns and eat rice and beans, we can't reduce our cost of living.

So what, if not tariffs...fair tariffs that mitigate the higher costs American companies face...is the solution?

Serious responses only please...partisan hackery will be dismissed out of hand.

You sound partisan. What about the industries that use steel and aluminum. You want to screw them. The consumers who will pay higher prices for these products. You want to screw them. Trump put tariffs on Canadian plywood used in building homes. The prices have skyrocketed and there is a shortage. This will add approximately $8,000 to the price of a home.

What is preventing companies from using Chinese steel to build the products over there and importing them here?

 

[Correll]

Worked great back in 2002:
The protection of the steel industry in the United States had unintended consequences and perverse effects: it reduced production of steel in the United States,[how?] increased costs to users, and increased unemployment in associated industries. A study from 2003 found that around 200,000 jobs were lost as a result.[6][7]
I wonder what Trump tower is built from?

And Obama's chinese tires.

I remember the Bush’s flooded the market too with cheap Chinese tires

So, if cheap imports were bad then, are they good now?

 

[Correll]

In other words, Filthy Don just proposed more goverment subsidies in our awesome capitalist nation. So much for bootstrapping.

You trying to say you are in favor of Free Market capitalism, or are you just spewing shit?

 

[busybee01]

Should we allow other countries like communist China to dump steel in the U.S. killing jobs for American workers? That's what liberals in this thread are saying. If China dumping steel into the U.S. was hurting illegals the liberals would be in an uproar.

There is no evidence of that. Actually you are taking the liberal position. You are saying what liberals are saying.

I see I struck a nerve, not surprising.

I am a Reagan conservative. You sound like a Bernie Sanders liberal. I find it interesting when liberals like yourself claim to be a conservative.

 

[Crixus]

he just fullfilled another campaign promise!

https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611

Hope you don’t mind drinking beer from plastic bottles. Loooots of ahit is made from steel and aluminum. Hope you don’t make any plans for that trump tax money.

 

[otto105]

Should we allow other countries like communist China to dump steel in the U.S. killing jobs for American workers? That's what liberals in this thread are saying. If China dumping steel into the U.S. was hurting illegals the liberals would be in an uproar.

Wow who knew you were a socialist liberal?

Liberals have been saying forever that we need fair trade.


You conservatives are just taking the hard orange pole up the ass on trump’s trade announcement.

Conservatives pushed NAFTA, outsourcing and any free trade agreement they could sign until trump won in 2016.

 

[busybee01]

President Trump announces new tariffs: 25% for steel, 10% for aluminum

Good, lord. So rather than putting a tariff on value-added products, finished goods, he taxes raw materials, thus ensuring that the economic impacts of the tariff flows through the entire supply chain. That's brilliant. NOT!!! It's flat-out stupid.

Effects of a Tariff: Large Country

​

When a large importing country implements a tariff it will cause an increase in the price of the good on the domestic market and a decrease in the price in the rest of the world. But since Trump wants to impose the tariff on raw materials, it'll raise not only the price of steel and aluminum in the U.S., but also the price of everything made from that steel and aluminum.

As for who will bear the incidence of the tax/tariff, well, that depends on the elasticity of demand and the elasticity of supply for each given product class, and in some instances, each differentiable product.

As typical, what you forgot to look at is how the policy compares to the alternative: taxing Americans. Typical of Trump haters to only look at the negatives without even noticing the positives and how the policy will generate revenue like you haven't seen before.

I would say, Trump's idea kicks the hell out of taxing Americans. The wall needs to be paid, and this is a brilliant way for getting Mexico to pay for it.

Great again...

You are economically illiterate. Since you are generally illiterate, it is not surprising. It is a tax on Americans. Businesses pass the increased cost on to consumers. This led to the depression in the 1920s.

 

[TheMoreYouKnow]

Our production was very inefficient. Production yields weren't very good.

 

[francoHFW]

As usual GOP voters are Mindless drones...

Actually, the GOP has come out strongly against this move.

That doesn't matter to Franco.


Like the vast majority of lefties, no matter what, he just attacks those who oppose his agenda.


Facts don't matter.

Funny how the GOP just keeps doing this kind of crap which kills regular Americans. And you dupes just keep voting for them.

 

[francoHFW]

As usual GOP voters are Mindless drones...

Actually, the GOP has come out strongly against this move.

That doesn't matter to Franco.


Like the vast majority of lefties, no matter what, he just attacks those who oppose his agenda.


Facts don't matter.

Funny how the GOP just keeps doing this kind of crap which kills regular Americans. And you dupes just keep voting for them.

You Dupes thinking you have facts is hilarious. You vote for the GOP because you believe crap like the rich pay too much in taxes, Hillary Obama the foundation etc etc are evil and corrupt, we have the best Healthcare in the world, Democrats are Big Spenders and have big deficits because of their policies, there was no 2008 depression, our economy sucked under Obama but it's great now LOL, blacks and the poor are lazy. Change the God damn Channel racist conspiracy Nut Job morons...