Posted on 03/01/2018 3:43:22 PM PST by Ennis85
I don’t think this is such a big deal. They’re targeted tarrifs. They’re needed to counteract subsidized foreign industries.
Great post. Screw china. God bless America!!Go TRUMP!!
“:^)
perhaps someone can explain to this dufus that should we have to go to war with China or Russia or N Korea or some puissant country, we can’t rely on China’s whim on whether or not to sell us iron and aluminum. We need to be able to make our own. People forget the devastating effect embargoed oil and scrap metal had on Japan’s ability to sustain a war machine. We would be foolish to place ourselves in the exact same position.
I don’t know the 2017 figures, but let’s work with some 2016 figures:
from below:
US imported $108.1B of crude. Crude = 78% of the total 10.1MMb purchased. Of the total 10.1MMb/d purchased, 5.2MMb/d of refined product was exported. Bringing the net import down to 4.9MMb/d - which slices the net import cost in half.
Now, if the sales prices of the refined exports exceeds the cost of the raw product (of course it does), then the figures approach a net gain and what we imported, as a stand-alone number, has no argumentative meaning.
“In 2016, the United States imported approximately 10.1 million barrels per day (MMb/d) of petroleum from about 70 countries. Petroleum includes crude oil, natural gas plant liquids, liquefied refinery gases, refined petroleum products such as gasoline and diesel fuel, and biofuels including ethanol and biodiesel. About 78% of gross petroleum imports were crude oil.
In 2016, the United States exported about 5.2 MMb/d of petroleum to 101 countries. Most of the exports were petroleum products. The resulting net imports (imports minus exports) of petroleum were about 4.9 MMb/d.
https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
http://www.worldstopexports.com/crude-oil-imports-by-country/
At least be honest about. A tariff will increase US steel production and increase employment. The price will be about the same. What you are saying is stupid and/or a lie.
You couldn’t be more full of sh—.
IOW - “Screw them folks in the steel and aluminum business, we got that corn ethanol deal to worry about.”
hey Committee Chairman Pat Roberts (R-Kan.), you stoopid.
China has been subsidizing many of their industries so as to keep their workers working.
It enables their industries to dump their products here at a lower cost than we can make em. It then destroys our industries because we do not subsidize said industries.
Essentially what AirBus does.
Some of these industries are of national security. To hell with the chi-coms and their 100 billion trade surplus.
Adn to hell with you Committee Chairman Pat Roberts (R-Kan.)
The price of all steel will rise by about 25%. Employment in steel will rise a little, but the steel industry in the US is already operating very close to capacity.
Jobs will be lost in other sectors, as happened in the Rove tariff hikes in 2002. More jobs than were gained in steel. Facts.
We’re not going to farm our way out of a conflict with China. We need some of our own heavy industries.
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