Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Output Soars Even at U.S. Manufacturers That Make Stuff from Tariffed Steel and Aluminum
Brietbart ^ | 11/16/2018 | John Carney

Posted on 11/16/2018 11:38:01 AM PST by MaxistheBest

Tariffs on steel and aluminum are not slowing down most American manufacturers that use the metals in production, defying forecasts that the higher duties would hit metals-using businesses hard.

There have been many anecdotal reports of strains put on metals using business from the tariffs but the data do not support the idea that these are significant in aggregate. If anything, the tariffs have been accompanied by rising output and rising demand for productive capacity.

Fabricated metals products output rose 0.2 percent in October, the third consecutive monthly gain, according to data released by the Federal Reserve Friday. For the year, output is up 5.3 percent. These are the intermediate stage metals products that later get transformed into durable goods for consumers–in other words the sector most likely to feel the strain from tariffs.

And far from tariffs leaving these metals-transforming plants idle, capacity utilization rose in October to 81.9 percent. This is far above the long-term average of 77.5. Prior to the metals tariffs being imposed in May, utilization was down at 80.4.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Politics/Elections
KEYWORDS: economy; manufacturers; trump; trumpeconomy; trumptariffs
Navigation: use the links below to view more comments.
first 1-2021-26 next last
BOOM!
1 posted on 11/16/2018 11:38:01 AM PST by MaxistheBest
[ Post Reply | Private Reply | View Replies]

To: MaxistheBest

I just wish they would quit talking about negotiating trade deals to lower the tariffs.

Put the tariffs up and make them permanent. The market will expand US production faster if it knows the tariffs aren’t going to get reduced in 3 months.


2 posted on 11/16/2018 11:50:15 AM PST by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: MaxistheBest

Just wait until we get (hopefully) the promised infrastructure spending.

Exactly what the middle class needs.


3 posted on 11/16/2018 11:51:18 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MaxistheBest

I suspect that Trump wants the tariffs to be permanent, but he’s walking a fine line because nobody else in Washington agrees with him.

He has to go through the motions of negotiating long enough for the benefits of the tariffs to become obvious.


4 posted on 11/16/2018 11:51:42 AM PST by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: MaxistheBest

I suspect that Trump wants the tariffs to be permanent, but he’s walking a fine line because nobody else in Washington agrees with him.

He has to go through the motions of negotiating long enough for the benefits of the tariffs to become obvious.


5 posted on 11/16/2018 11:51:42 AM PST by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

To: MaxistheBest

Hey, why don’t we impeach the guy doing all these miraculous things?


6 posted on 11/16/2018 11:56:14 AM PST by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

the media doesn’t even REPORT this stuff.


7 posted on 11/16/2018 11:56:59 AM PST by snarkytart
[ Post Reply | Private Reply | To 6 | View Replies]

To: DannyTN

“I suspect that Trump wants the tariffs to be permanent, but he’s walking a fine line because nobody else in Washington agrees with him.”

It must frustrate him to be the only person in D.C. with a functioning brain.


8 posted on 11/16/2018 12:05:00 PM PST by oldvirginian ( Buckle up kids, rough road ahead.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: snarkytart

My step son in law works in sales for fabricated metals. Basically you want some custom pipes made for your assembly plant kind of stuff. He said business is real good, everybody is making their numbers, and prices are up.


9 posted on 11/16/2018 12:08:14 PM PST by Jimmy The Snake
[ Post Reply | Private Reply | To 7 | View Replies]

To: oldvirginian

These people you speak of are not stupid, they know exactly what they are doing.
Trump is pro United States, the uni-party is only concerned with getting the un-invited Trump out of they way so they can get back to pilfering the serfs.


10 posted on 11/16/2018 12:11:36 PM PST by Romans Nine
[ Post Reply | Private Reply | To 8 | View Replies]

To: DannyTN

No, that is not the facts.

Trump’s stated goal is to increase American export sales by encouraging trading pardners to reduce their tariffs to allow import of more American products.

Tariffs are taxes. Trump knows that so he does not favor tariffs for the purpose of taxing.

Trump favors and is encouraging export sales by making trading pardners offers they dare not refuse. He is a nationalist on an international playing field


11 posted on 11/16/2018 12:19:30 PM PST by bert ((KE. N.P. N.C. +12) Invade Honduras. Provide a military government)
[ Post Reply | Private Reply | To 4 | View Replies]

To: MaxistheBest

In before the flood of apologizing Freepers.


12 posted on 11/16/2018 2:08:19 PM PST by Balding_Eagle ( The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bert

These gains are more the result of accelerating economic activity across the board. Isolating the benefit/cost of the tariffs is a tricky business. My guess is that the costs are overwhelmed by improved business conditions which allow costs to be passed along.

Trump is using the tariff as a political weapon to counter political forces.


13 posted on 11/16/2018 2:09:43 PM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Balding_Eagle

There are only a few FReepers who frequent threads on Economics or Finance much less a “flood.” More like a drip.


14 posted on 11/16/2018 2:11:53 PM PST by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Romans Nine

Disconcerting to realise only ONE person stands between us and fulfilment of the globalist agenda.
May God guide and protect President Trump.


15 posted on 11/16/2018 2:25:24 PM PST by oldvirginian ( Buckle up kids, rough road ahead.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: MaxistheBest

What does it say about this country that of the Americans who voted, most voted against the President who is bringing their jobs back?


16 posted on 11/16/2018 2:29:31 PM PST by TwelveOfTwenty (Prayers for our country and President Trump)
[ Post Reply | Private Reply | To 1 | View Replies]

To: arrogantsob

You may have missed the point I was making.


17 posted on 11/16/2018 2:32:42 PM PST by Balding_Eagle ( The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: MaxistheBest
but some mutt named Cranmer on Drudge just said the economy was COOLING... guess he mistook it for the weather
18 posted on 11/16/2018 3:39:41 PM PST by Chode ( We’re America, Bitch!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: arrogantsob

These gains are more the result of accelerating economic activity across the board.
*********************************************†*************

The Trump imposed tariffs have made material needed for these products cheaper if bought here rather than imported. This means no matter what the state of the economy here whatever is produced here will be less expensive then it would have been without tariffs.


19 posted on 11/17/2018 6:19:28 AM PST by billyboy15 (Es)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Chode

What Cramer said I’d some unnamed ceo’s said economy was cooling. No reason or proof was noted so theirs was an opinion and more than likely reflected sales for their companies rather than the economy as a whole


20 posted on 11/17/2018 6:23:31 AM PST by billyboy15 (Es)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-26 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson