Posted on 03/01/2018 12:02:33 PM PST by ek_hornbeck
Steel is flooding into America from many different countries but the majority of it is Chinese steel, just dumped through other countries.
It is a risk to our security to not have a thriving steel and aluminum industry.
We need these metals to make sure we can produce our own planes, ships etc without being at the mercy of other countries.
Trump has made us energy independent. Now he’s going to make us metal independent.
Next I believe he will try to make us electronic (tech) independent.
We need a strong independent country. I think of Trump like a prepper. When the SHTF America will survive.
That's a false premise, that unless government protects steel we won't have it to make tanks and artillery pieces. We have adequate steel production for that already. We don't outsource that to China. Still the best steel in the world is made here, the ingredients and production methods are the best. What we don't need is massive government projects or tariffs at astronomical prices to prop up an industry that clearly was not competitive and(or) efficient when it began to go into the crapper in the 70's through the mid 1980's.
Keynes was wrong like Marx was, in the long term government spending does little for long-term GDP growth and increases the velocity cycle on money and increases inflation.
Boutique mini mill shop. I live about 2 miles from the Monongahela River and about 5 miles form the Braddock,Pa USS plant, one of the last dinosaurs still running. Ask these communities if they want steel back? The are still crawling out for the 1980's . Fool me twice....
Did you see how mad Cornyn got about this? No Democrat would attack a Democrat president the way the Republicans to Trump.
“What we don’t need is massive government projects or tariffs at astronomical prices to prop up an industry that clearly was not competitive and(or) efficient when it began to go into the crapper in the 70’s through the mid 1980’s.”
Starting as far back as the 60’s, every other country making steel realized it’s strategic value to their nation and began to prop up their enterprise. Subsidies, environmental waiver, guaranteed domestic prices, import quotas, subsidized energy and raw materials...ever conceivable way they could come up with the ensure a viable domestic industry.
All of them.
Except the US. We played stupid and did nothing while moderate-grade product under-cut our own production. Practically the entire world was dumping steel on the US.
No more.
Get used to it.
Unions are dead. Only 7% of manufacturing workers are in a union.
That is a good thing. US steel makers will put on additional shifts and produce more and rake in huge profits. That is what we want for the US to gain market share. Increased price will mean increased supply. Law of supply and demand. Eventually the price point will come down to pre tariff levels but it will take time. You free traitors really f'ed over the country so this will be over the long haul. Cry me a river...
Why bring Keynes into this? Keynesian economics is about the government spending money it doesn’t have on “pump priming” the economy . Tariffs have NOTHING to do with that. You are just throwing out terms you know nothing about..
Blame Canada.
Free Traitors?
LOL.
If I understand you correctly, USA steel and aluminum producers should receive no scrutiny before we give them a legally mandated price increase?
Canada is the leading steel exporter to the USA. Their cost of living and their environmental regulations are similar to the USA.
My first thought?
Canadian mills have invested in better technology than USA mills - but, if I understand correctly, anyone who asks that question is a traitor?
My second thought?
Massive LEGAL immigration into the USA has created a massive over supply of low skill labor, which has crushed the wage scale.
I want to know if USA steel and aluminum producers have used that massive over supply of low cost labor to avoid essential technology investments.
One more thought...
In the USA, I will speculate that new steel mills and new aluminum mills are as monstrously expensive and time consuming to get sited as new refineries or other “dirty” industries.
The idea that large numbers of foreign investors will build new mills in the USA is fanciful. They will simply buy old mills, at highly inflated costs, and manage them better than the current USA owners.
No, silly!
American manufacturers want to compete.
It'll be only 24.8% and 9.9%.
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Under NAFTA Canadian imports are not subject to duties.
Increase in price will increase supply forcing prices down with US makers of steel getting a bigger market share and federal revenues increasing. win - win - win. If you apply a static model to this situation you are dumber than I thought.
U>>>nder NAFTA Canadian imports are not subject to duties.
Tell that to the Canadian lumber producers.
Re: “Under NAFTA Canadian imports are not subject to duties.”
If true, USA steel imports from Canada (#1) and Mexico (#4) will dramatically increase.
I predict that steel producers in Canada and Mexico will expand much, much faster than USA producers.
In fact, Trump’s tariffs will increase steel profits in Canada and Mexico more than they increase steel profits in the USA.
Winning! (LOL!)
Hope that don't upset the snowflakes that think he's gonna take our guns away.
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