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

[bripat9643]

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.
​

 

[mikegriffith1]

It's too bad that our news media do not tell the American people about all the tariffs that the Chinese were already imposing on American goods before Trump started imposing high tariffs on certain items. Even so, I note that as recently as two weeks ago, Chuck Schumer was calling for strong trade actions against China. Thank the Lord that we now have a President who is willing to stand up for American workers, American companies, and American industry. We've been in a trade war for decades but are only now starting to fight back in a meaningful way.

 

[Likkmee]

Since Tegziss has a disproportionate number of unemployables who run off to the military to fight socialism(dress the same/eat the same/ wake up the same/step the same/ assisted home purchases/ free health care for life/ assisted education( lurn howwa driva BIG trook) this could be great for recruitment, especially if their handlers start using the W word. No. Not the Yanqui from Kennebunkport with the hat The WAR word. Evul Kommy Chinkz hurtin are jobz.

 

[theHawk]

The Chinese need to be bitchslapped back into their rightful place, and President Trump is the man to do it.

 

[shockedcanadian]

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.
​

Yes of course. America imports far more from China tan vice versa, some of this is due to Chinese trade barriers and tariffs.

Also, they might have outsmarted past politicians on trade, something Trump hopes to change. However, going after Texas is a bad idea. The last thing they want is Texas citizens and politicians in a bad mood

 

[frigidweirdo]

It's too bad that our news media do not tell the American people about all the tariffs that the Chinese were already imposing on American goods before Trump started imposing high tariffs on certain items. Even so, I note that as recently as two weeks ago, Chuck Schumer was calling for strong trade actions against China. Thank the Lord that we now have a President who is willing to stand up for American workers, American companies, and American industry. We've been in a trade war for decades but are only now starting to fight back in a meaningful way.

So where's the money been going? If the US is doing so badly with all these trade deficits, then why isn't the US getting poorer?

 

[Geaux4it]

Since Tegziss has a disproportionate number of unemployables who run off to the military to fight socialism(dress the same/eat the same/ wake up the same/step the same/ assisted home purchases/ free health care for life/ assisted education( lurn howwa driva BIG trook) this could be great for recruitment, especially if their handlers start using the W word. No. Not the Yanqui from Kennebunkport with the hat The WAR word. Evul Kommy Chinkz hurtin are jobz.

^^^^^^^ ^^^^^^^^

 

[Theowl32]

It's too bad that our news media do not tell the American people about all the tariffs that the Chinese were already imposing on American goods before Trump started imposing high tariffs on certain items. Even so, I note that as recently as two weeks ago, Chuck Schumer was calling for strong trade actions against China. Thank the Lord that we now have a President who is willing to stand up for American workers, American companies, and American industry. We've been in a trade war for decades but are only now starting to fight back in a meaningful way.

The news media making America look bad.... (Trump, white conservatives?) No way.

 

[Harpy Eagle]

Until the slap tariffs or finds new sources for our Ag products. Right now in the US cotton get 70% of their income from exports, and it is 50% for wheat, rice, and soybeans.

 

[bripat9643]

It's too bad that our news media do not tell the American people about all the tariffs that the Chinese were already imposing on American goods before Trump started imposing high tariffs on certain items. Even so, I note that as recently as two weeks ago, Chuck Schumer was calling for strong trade actions against China. Thank the Lord that we now have a President who is willing to stand up for American workers, American companies, and American industry. We've been in a trade war for decades but are only now starting to fight back in a meaningful way.

So where's the money been going? If the US is doing so badly with all these trade deficits, then why isn't the US getting poorer?

The money is going to those billionaires leftists claim they hate so much.

 

[bripat9643]

Until the slap tariffs or finds new sources for our Ag products. Right now in the US cotton get 70% of their income from exports, and it is 50% for wheat, rice, and soybeans.

The only agricultural tariff China imposed is on apples. How many apples do you suppose China imports every year? Ever see anything made with apples on a Chinese menu?

 

[Harpy Eagle]

Until the slap tariffs or finds new sources for our Ag products. Right now in the US cotton get 70% of their income from exports, and it is 50% for wheat, rice, and soybeans.

The only agricultural tariff China imposed is on apples. How many apples do you suppose China imports every year? Ever see anything made with apples on a Chinese menu?

and that is fixing to change thanks to the Trump Trade War. I guess Trump wanted a war and since he could not find anyone to invade he choose to fuck us this way instead.

 

[nat4900]

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.

Nitwit..............

The U.S. debt to China is $1.17 trillion as of January 2018. That's 19 percent of the $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries.

How Much Does the U.S. Owe China?

 

[bripat9643]

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.

Nitwit..............

The U.S. debt to China is $1.17 trillion as of January 2018. That's 19 percent of the $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries.

How Much Does the U.S. Owe China?

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

 

[nat4900]

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?

 

[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?

I am sure that Birp will buy them all.

 

[TomParks]

The smart thing is to keep hitting them in baby steps.....slowly draw water from the well

 

[Norman]

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.
​

China has already used all its ammunition, while we have been waiting for the bullets to hit.

Finally we have someone in charge who has brought in the artillery, rather wanting to take it in the ass repeatedly.

 

[Harpy Eagle]

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.
​

China has already used all its ammunition, while we have been waiting for the bullets to hit.

Finally we have someone in charge who has brought in the artillery.

Too bad his artillery is a super soakers and some water balloons


Sent from my iPhone using USMessageBoard.com

 

[Norman]

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.
​

China has already used all its ammunition, while we have been waiting for the bullets to hit.

Finally we have someone in charge who has brought in the artillery.

Too bad his artillery is a super soakers and some water balloons


Sent from my iPhone using USMessageBoard.com

Yea that's exactly why unAmericans such as yourself are so outraged and can't stop complaining about the butthurt - because Trump is sooo ineffective.