Trump's Tariffs hurting American Manufacturing

[Harpy Eagle]

The Dow Jones Industrial Average of the top 30 stocks was at 17,888 on the Friday before the 2016 elections.

As of this minute it is 26,188

8,300 points in 2 years and a few weeks.

Tell us again how Trump is hurting American Manufacturing.

******* idiot

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

 

[ColonelAngus]

Not as bad as the regulations imposed by that cvnt Obama.

 

[Lesh]

South Dakota is getting KILLED by this

 

[RealDave]

The Dow Jones Industrial Average of the top 30 stocks was at 17,888 on the Friday before the 2016 elections.

As of this minute it is 26,188

8,300 points in 2 years and a few weeks.

Tell us again how Trump is hurting American Manufacturing.

******* idiot

The stock market is a bunch of people trading pieces of paper.

Don;t confuse that with manufacturing.

 

[RealDave]

I caught up with a long time friend who lives & works in Canada. He sells drilling equipment to mines & quarries.

He told me that since Trump's tariffs, he only buys from the US that he absolutely can't get in other places. PCD bits that he used to buy from the US got to be too much of a hassle to import so he had to find other sources. He tried a Chinese made bit. It was more durable , lasted longer, and drilled just as well if not better than the one he was getting from the US. Business lost forever for the US manufacturer.

There is a manufacturer of these types of bits nearby that is owned by a foreign country. They had a huge backlog & one day it was gone. Pulled from this factory & sent elsewhere to be manufactured to avoid tariffs.

Really, is our steel industry so pathetic that it can't compete with the Canadians?

TOTAL crock of shit, typical for a canuck if it's true which I doubt. Chinese steel is crap....sand steel and maybe the worst steel ever used in tool-making. The slants were dumping it through intermediate countries (Canuckistan) and Trump stopped it giving our steel industry new life and they are flourishing because we make the best steel in the world along with the Germans...nobody else is even close.

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

The largest US mfr of drill pipe bought interst in a German Mill because the US mfr sucked. They went from a 15% rejection rate to 2%.

 

[Lesh]

South Dakota is getting KILLED by this

Folks in South Dakota don't think it's funny

Noem: Trump Tariffs Devastating South Dakota Farms

 

[WillPower]

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

The largest US mfr of drill pipe bought interst in a German Mill because the US mfr sucked. They went from a 15% rejection rate to 2%.

No, lying ****....US steel is best because we mine the best iron ore in the world in Minnesota and northern Michigan...ask the miners up there if Trump sucks. Chinese steel is crap, has always been crap, will always be crap....that's how they sell it for peanuts and change the subject when asked what it's tensile strength is.

 

[Edgetho]

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

I don't know why I bother with answering someone as terminally stupid as you but.....

The reason the Market went up FIFTY ******* PERCENT from when The Lying ********** In Chief was in office is that PDT promised to do something about China, Mexico and Canada.

Once the Tariffs hit, reality set in and the Markets took a slight hit. Now, they're back to within 2% of their peak.

And that was ONE HELL OF A PEAK. Not some bullshit cooked up by lying dimocrap scum like, "the Lying ********** In Chief had big gains" but that was only AFTER the Markets totally tanked on his watch.

dimocrap FILTH forget to tell you that.

And you're too ******* stupid to figure it out on your own. Actually, you know you just prefer to lie. That's called a Pathological Liar. You are that

All you got is hate. All the dimocrap FILTH party has is HATE.

It's all you got.

It worked in the Mid Terms mostly because we're trying to cleanse ourselves of RINO's anyway and because the Big Kahuna wasn't the big draw.

It ain't gonna work in 2020.

Learn to Code, loser. You already know how to hate

 

[Harpy Eagle]

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

I don't know why I bother with answering someone as terminally stupid as you but.....

The reason the Market went up FIFTY ******* PERCENT from when The Lying ********** In Chief was in office is that PDT promised to do something about China, Mexico and Canada.

Once the Tariffs hit, reality set in and the Markets took a slight hit. Now, they're back to within 2% of their peak.

And that was ONE HELL OF A PEAK. Not some bullshit cooked up by lying dimocrap scum like, "the Lying ********** In Chief had big gains" but that was only AFTER the Markets totally tanked on his watch.

dimocrap FILTH forget to tell you that.

And you're too ******* stupid to figure it out on your own. Actually, you know you just prefer to lie. That's called a Pathological Liar. You are that

All you got is hate. All the dimocrap FILTH party has is HATE.

It's all you got.

It worked in the Mid Terms mostly because we're trying to cleanse ourselves of RINO's anyway and because the Big Kahuna wasn't the big draw.

It ain't gonna work in 2020.

Learn to Code, loser. You already know how to hate

Wow, I do love these mindless rants, they are something to behold.

I do not need to learn to code, I went out and got myself one of those there Master's degrees in Applied Analytics and I am gainfully employed and very well paid as a statistician.

Life is good in the Gator household even if Trump did **** over my 401ks and investment accounts for the last 13 months of stagnation.

 

[candycorn]

I caught up with a long time friend who lives & works in Canada. He sells drilling equipment to mines & quarries.

He told me that since Trump's tariffs, he only buys from the US that he absolutely can't get in other places. PCD bits that he used to buy from the US got to be too much of a hassle to import so he had to find other sources. He tried a Chinese made bit. It was more durable , lasted longer, and drilled just as well if not better than the one he was getting from the US. Business lost forever for the US manufacturer.

There is a manufacturer of these types of bits nearby that is owned by a foreign country. They had a huge backlog & one day it was gone. Pulled from this factory & sent elsewhere to be manufactured to avoid tariffs.

Really, is our steel industry so pathetic that it can't compete with the Canadians?

TOTAL crock of shit, typical for a canuck if it's true which I doubt. Chinese steel is crap....sand steel and maybe the worst steel ever used in tool-making. The slants were dumping it through intermediate countries (Canuckistan) and Trump stopped it giving our steel industry new life and they are flourishing because we make the best steel in the world along with the Germans...nobody else is even close.

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

 

[candycorn]

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

I don't know why I bother with answering someone as terminally stupid as you but.....

The reason the Market went up FIFTY ******* PERCENT from when The Lying ********** In Chief was in office is that PDT promised to do something about China, Mexico and Canada.

Once the Tariffs hit, reality set in and the Markets took a slight hit. Now, they're back to within 2% of their peak.

And that was ONE HELL OF A PEAK. Not some bullshit cooked up by lying dimocrap scum like, "the Lying ********** In Chief had big gains" but that was only AFTER the Markets totally tanked on his watch.

dimocrap FILTH forget to tell you that.

And you're too ******* stupid to figure it out on your own. Actually, you know you just prefer to lie. That's called a Pathological Liar. You are that

All you got is hate. All the dimocrap FILTH party has is HATE.

It's all you got.

It worked in the Mid Terms mostly because we're trying to cleanse ourselves of RINO's anyway and because the Big Kahuna wasn't the big draw.

It ain't gonna work in 2020.

Learn to Code, loser. You already know how to hate

Ahh…you lost all of those House elections and governor’s seats on purpose?

Christ; you’re ******* stupid.

 

[kyzr]

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

The largest US mfr of drill pipe bought interst in a German Mill because the US mfr sucked. They went from a 15% rejection rate to 2%.

No, lying ****....US steel is best because we mine the best iron ore in the world in Minnesota and northern Michigan...ask the miners up there if Trump sucks. Chinese steel is crap, has always been crap, will always be crap....that's how they sell it for peanuts and change the subject when asked what it's tensile strength is.

We banned Chinese steel from where I worked before too. Both in the pharmaceutical industry and for bridges.

 

[kyzr]

I caught up with a long time friend who lives & works in Canada. He sells drilling equipment to mines & quarries.

He told me that since Trump's tariffs, he only buys from the US that he absolutely can't get in other places. PCD bits that he used to buy from the US got to be too much of a hassle to import so he had to find other sources. He tried a Chinese made bit. It was more durable , lasted longer, and drilled just as well if not better than the one he was getting from the US. Business lost forever for the US manufacturer.

There is a manufacturer of these types of bits nearby that is owned by a foreign country. They had a huge backlog & one day it was gone. Pulled from this factory & sent elsewhere to be manufactured to avoid tariffs.

Really, is our steel industry so pathetic that it can't compete with the Canadians?

Trump is helping US steel makers, google it
US Steel planning to add more than 800 jobs this year

Yes, Trump is helping US steel makers and hurting everyone that relies on steel for their business. The government is once again picking winners and losers, something that only a statist would approve of

Not "statist" call it "populist". The current system was killing the US steel mills. The "statists" are foreign countries subsidizing their steel industries, even using "transshipment" to advantage (making in one country and importing into the US from another).
How much steel does the U.S. import from China?

Since the US steel industry is making a comeback instead of slowly going away, I'm thankful for Trump's saving the US steel and aluminum industries. The added cost to US manufacturers is minimal, since material costs is a tiny fraction of most manufactured products, like cars or beer cans. Its all about US jobs, and Trump, Navarro, and Lightheiser are earning their keep.

upgrading infrastructure would do more.

I'd normally agree with you, but not when the Debt is $22T and skyrocketing up.

 

[kyzr]

Not "statist" call it "populist". The current system was killing the US steel mills. The "statists" are foreign countries subsidizing their steel industries, even using "transshipment" to advantage (making in one country and importing into the US from another).
How much steel does the U.S. import from China?

Since the US steel industry is making a comeback instead of slowly going away, I'm thankful for Trump's saving the US steel and aluminum industries. The added cost to US manufacturers is minimal, since material costs is a tiny fraction of most manufactured products, like cars or beer cans. Its all about US jobs, and Trump, Navarro, and Lightheiser are earning their keep.

You want the government to pick winners and losers...that is a statist view.

So, is it statist for countries to be subsidizing their agricultural industries?

Hope this works, please see my other thread on Economic and Trade advisors:
Who has the best economic advisors based on results?

What works is answering the questions...is is a statist for countries to be subsidizing their agricultural industries?

I saw your thread, read the poll and left the thread because it was so stupid I could not take it.

First off there have been no "results" from any new trade deals. The only real deal that has been "reached" is the new NAFTA which has not been approved by the Senate and which is nothing more than a minor tweak to the old trade agreement. Far and away the biggest change was the new name.

Second, the tariffs are not helping, they are hurting. While the steel industry is making out, many other are not. The Ag industry has been hit so hard that they had to give them 12 billion more dollars in subsidies (something you think is bad when other countries do it)

Third, both parties practice Keynesian economics. It was the GOP controlled House, Senate and White House that added 1.48 trillion dollars to the debt last year hoping to turbo charge the economy.

Fourth, the GOP tax cuts led to a $13,164,000,000 decrease in revenue in CY 2018 compared to CY 2017, adding even more to the national debt.

Fifth, since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

There are signs that the US economy is slowing down.

1. Q: is it "statist" for a country to be subsidizing their agricultural industries?
A. Statist: "political system in which the state has substantial centralized control over social and economic affairs." So the short answer is NO, not in this case. Trump subsidized a limited number of products that were affected by his "trade war", specifically soy beans. Trump did not exert undue influence over the vast number of US agricultural products unaffected by the "Trade War".

2. The poll on economics and trade was intended to show the difference between the prior decades of "free US trade" and the current Trump team of Navarro and Lightheiser ensuring "free and fair trade". They are at least trying to level the trade playing field. One of my friends sells Harley MCs. He had a sale to Germany, but it was cancelled since there was a 100% tariff on US MCs. The US does not have any tariffs on MCs. Check the Ag industry again, China is buying US rice. The trade deal is not done yet, so stay tuned, don't draw conclusions yet.

3. Agreed. Both parties suck when it comes to managing money.

4. Agreed. Kudlow and his tax cuts never pay for themselves. Its a sugar high or "bubble" that always adds to the Debt. Lets hope that the 2020 Budget brings sanity back to Fed spending and tax policies.

5. Don't blame tariffs for stupid Fed policy. The Fed raised rates too fast and made a big dip in the markets. Lets hope they get a clue before raising rates again.

 

[AntonToo]

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

The reason the Market went up FIFTY ******* PERCENT from when The Lying ********** In Chief was in office is that PDT promised to do something about China, Mexico and Canada.

Once the Tariffs hit, reality set in and the Markets took a slight hit. Now, they're back to within 2% of their peak.

And that was ONE HELL OF A PEAK.

Time for a dose of reality...or maybe you are cursing at Bush?

Early Stock Market Results (first two years after election)
S&P 500

Obama: +54%

Trump: +18%

Dow Jones Industrial Average

Obama: +47%

Trump: +26%

Nasdaq

Obama: +82%

Trump: +30%

Stock Market Results: Early Trump vs. Early Obama

 

[Harpy Eagle]

1. Q: is it "statist" for a country to be subsidizing their agricultural industries?
A. Statist: "political system in which the state has substantial centralized control over social and economic affairs." So the short answer is NO, not in this case. Trump subsidized a limited number of products that were affected by his "trade war", specifically soy beans. Trump did not exert undue influence over the vast number of US agricultural products unaffected by the "Trade War".

2. The poll on economics and trade was intended to show the difference between the prior decades of "free US trade" and the current Trump team of Navarro and Lightheiser ensuring "free and fair trade". They are at least trying to level the trade playing field. One of my friends sells Harley MCs. He had a sale to Germany, but it was cancelled since there was a 100% tariff on US MCs. The US does not have any tariffs on MCs. Check the Ag industry again, China is buying US rice. The trade deal is not done yet, so stay tuned, don't draw conclusions yet.

3. Agreed. Both parties suck when it comes to managing money.

4. Agreed. Kudlow and his tax cuts never pay for themselves. Its a sugar high or "bubble" that always adds to the Debt. Lets hope that the 2020 Budget brings sanity back to Fed spending and tax policies.

5. Don't blame tariffs for stupid Fed policy. The Fed raised rates too fast and made a big dip in the markets. Lets hope they get a clue before raising rates again.

1. Outside of the 12 billion dollar bonus we gave farmers, we give them more than 20 billion dollars a year in subsidies. According to you other countries doing this to their industries is bad, yet you have never complained about it happening in the US. So, is it bad or not?

2. You are the one that was drawing conclusions with your poll, not me. Also, China is the worlds largest importer of rice, by far. Them buying it from us is nothing ground breaking or even all that helpful.

5. The trade issues are weighing on the market far more than the Feds. They rise and fall right now with even a rumor of progress or stalling.

 

[WillPower]

I'd normally agree with you, but not when the Debt is $22T and skyrocketing up.

True, but the debt is already past the line of demarcation....no way we can pay it down in time to stop it from crushing our society. We'll have to default....that will bring chaos in the world banking system short term but in the long term it's not only our best solution but our only solution...thanks to the commiecrats and the GOP who watched and did nothing but take their turn at the spigot.

 

[RealDave]

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

The largest US mfr of drill pipe bought interst in a German Mill because the US mfr sucked. They went from a 15% rejection rate to 2%.

No, lying ****....US steel is best because we mine the best iron ore in the world in Minnesota and northern Michigan...ask the miners up there if Trump sucks. Chinese steel is crap, has always been crap, will always be crap....that's how they sell it for peanuts and change the subject when asked what it's tensile strength is.

If you are buying steel and don't specify the tensile strength, I think you might be the problem.

Steel from China represents 4% of our steel imports.

 

[RealDave]

Bigoted ****.

A lot of Chines steel is good. It is good because they hired Americans to show them how to do it.

The largest US mfr of drill pipe bought interst in a German Mill because the US mfr sucked. They went from a 15% rejection rate to 2%.

No, lying ****....US steel is best because we mine the best iron ore in the world in Minnesota and northern Michigan...ask the miners up there if Trump sucks. Chinese steel is crap, has always been crap, will always be crap....that's how they sell it for peanuts and change the subject when asked what it's tensile strength is.

We banned Chinese steel from where I worked before too. Both in the pharmaceutical industry and for bridges.

Many State & Federal projects for bridges have a US made clause for steel.

 

[Aldo Raine]

Since the day of the first tariffs the DJI is down .10%, the S&P is down 1% and the NASDAQ is up 3.3%, so basically 13 months of zero growth in the market with nothing to show for it.

All of that growth came before Trump started making actual decisions, it was based upon optimism that he would be different. Those that make financial decisions have found that to be false and the markets are bearing that out.

The reason the Market went up FIFTY ******* PERCENT from when The Lying ********** In Chief was in office is that PDT promised to do something about China, Mexico and Canada.

Once the Tariffs hit, reality set in and the Markets took a slight hit. Now, they're back to within 2% of their peak.

And that was ONE HELL OF A PEAK.

Time for a dose of reality...or maybe you are cursing at Bush?

Early Stock Market Results (first two years after election)
S&P 500

Obama: +54%

Trump: +18%

Dow Jones Industrial Average

Obama: +47%

Trump: +26%

Nasdaq

Obama: +82%

Trump: +30%

Stock Market Results: Early Trump vs. Early Obama

Lol, looks like for the most part Obama is twice as good as tRumPutin. For the most part.