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In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
03/08/18 at 18:24:45
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The tariffs are an “iron clad” measure aimed at defending industries vital to U.S. national security, a senior administration official said.

The orders impose a sweeping tariff of 25 percent on steel imports and 10 percent on aluminum imports. They will initially apply to all countries that export the commodities to the U.S. apart from Canada and Mexico, which will be granted a temporary reprieve while negotiations over the North American Free Trade Agreement (NAFTA) continue.

“Canada and Mexico initially will not pay those tariffs,” the senior administration official said.

The exemption for Canada and Mexico, however, will not be permanent or “open-ended,” according to Trump administration official. It is intended to regconize that the U.S. has what administration officials call a “security relationship” with each of Mexico and Canada and to give those two countries time to reach agreements on how to adjust their trading relationships with the U.S. to address the threat to America’s steel and aluminum industry.

For all other countries, the tariffs will begin to be applied in 15-days.

http://www.breitbart.com/big-government/2018/03/08/in-triumph-for-economic-natio...

MAGA
  

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Snezhinka
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #1 - 03/08/18 at 21:08:29
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This is not a win....

Have we already forgotten what happened when Bush tried this? He had to completely walk them back because we faced over 2.2 billion in WTO sanctions. This is pure posturing and it's going to cost more jobs than it saves. We have historical examples of how poorly this has worked out for us.

https://www.wto.org/english/tratop_e/dispu_e/cases_e/1pagesum_e/ds253sum_e.pdf
  
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #2 - 03/08/18 at 21:38:02
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This is not a win....

Have we already forgotten what happened when Bush tried this? He had to completely walk them back because we faced over 2.2 billion in WTO sanctions. This is pure posturing and it's going to cost more jobs than it saves. We have historical examples of how poorly this has worked out for us.

https://www.wto.org/english/tratop_e/dispu_e/cases_e/1pagesum_e/ds253sum_e.pdf

Bush is no President Trump.
  

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Snezhinka
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #3 - 03/08/18 at 21:52:26
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For all intents and purposes this is identical to what Bush did. He had to walk the tariffs back and it was a huge black eye for Republicans. This is going to blow up in our face in the midterms, and again we gain nothing from this. WTO sanctions will target industries with much higher margins for the US and hurt more workers than it helps. One of the biggest problems with steel is overproduction, and an increase in domestic production isn't going to help that. We are going to end up paying more for imports and costing jobs that create value-added products out of imported steel. The sanctions the WTO will inevitably impose will target sectors with much higher economic value like automobiles than steel can possibly provide.

Again, this is not going to address the problem of overproduction in China and is a complete race to the bottom.
  
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #4 - 03/09/18 at 02:25:05
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It's on any nation that takes in to transfer cheap China steel.
  
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #5 - 03/09/18 at 03:45:09
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For all intents and purposes this is identical to what Bush did. He had to walk the tariffs back and it was a huge black eye for Republicans. This is going to blow up in our face in the midterms, and again we gain nothing from this. WTO sanctions will target industries with much higher margins for the US and hurt more workers than it helps. One of the biggest problems with steel is overproduction, and an increase in domestic production isn't going to help that. We are going to end up paying more for imports and costing jobs that create value-added products out of imported steel. The sanctions the WTO will inevitably impose will target sectors with much higher economic value like automobiles than steel can possibly provide.

Again, this is not going to address the problem of overproduction in China and is a complete race to the bottom.


You have a right to your opinion, and I don't have to agree with it. I think it's the right move. We have been screwed for decades on our trade deals, and it's way past time to retaliate. The japanese, and chinese have been dumping government backed cheap crap on us for a very long time. They do it to destroy our capabilities, and then own the market. Yet when we export to them, they either put tariffs on what we send, or make it so expensive that no one buys our products. I could give you examples, but I am sure you wouldn't listen...
  

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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #6 - 03/09/18 at 04:25:19
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I strongly support tarrifs on all cheap mostly chinese crap. We've all seen what globalization has done to the western world and that's enough for me. After all Trump was also elected becouse of unemployment and low wages, which are the consequences of globalisation madness.

Free market rules just don't and can't work if China exports products, that are much cheaper than domestic products. Much cheaper are becouse chinese workers are ready to work for almost nothing. It is not the same, if you work for 50.000$ or for 5.000$/year.
« Last Edit: 03/09/18 at 06:30:12 by eu_cons »  

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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #7 - 03/09/18 at 07:15:46
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Freightdog wrote on 03/09/18 at 03:45:09:
We have been screwed for decades on our trade deals, and it's way past time to retaliate. The japanese, and chinese have been dumping government backed cheap crap on us for a very long time. They do it to destroy our capabilities, and then own the market. Yet when we export to them, they either put tariffs on what we send, or make it so expensive that no one buys our products. I could give you examples, but I am sure you wouldn't listen...


This is basically a mirror image of 2002 and we have RESEARCH that supports how ineffective this was. I would love to see your evidence that isn't an editorial or opinion piece, but actual evidence support by research. Bush even tried to tax things at 30% and it didnt last 10 months. Additionally Trump is going to initiate NAFTA penalties if the Canada/Mexico tariffs trigger. It takes years to rebuild a manufacturing sector and this whole thing will be shut down by retaliatory penalties long before the industry could recover. Additionally, when was the last time you went to a steel mill? Look at Gary Works as an example. Back in the '70s they had like 40,000 employees. Today? Less than 5,000. Some of this is due to dumping problems, but the biggest problem is automation. Manufacturing is one of those industries that is hardest hit by automation. The blue collar jobs go first and are replaced by highly specialized technicians and engineers, and it isn't on a 1:1 basis.

http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9701.2005.00722.x/abstract
  
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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #8 - 03/10/18 at 04:54:57
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I'll give you two examples. Back in the early '80's when I was in the military flying back and forth from Japan. I got a chance to see how they were raising the cost of Cadillac's that we exported to them. Rather than adding a tariff to the cost of the vehicle, they got around it by requiring that all Cadillac's be torn down and rebuilt from the ground up before being put on sale in a lot, increasing the cost of the vehicle almost 3-fold. That was their way of decreasing demand for the car, and thereby reducing the need for import, basically having the same impact as a tariff.

At around the same time, they were dumping computer chips on the American market at below cost (subsidized by the Japanese government) with the goal of destroying the chip making capability of the US manufacturers, and creating a monopoly.

This kind of crap goes on all the time, and we do nothing about it. If there is a way around a trade deal, that will benefit China for example, they will not hesitate to do it. As far as me researching the above, I'll let you waste you're time with it. I was there when It happened, so I don't need to convince myself...
  

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Re: In Triumph for Economic Nationalism, Trump Imposes Sweeping Metals Tariffs
Reply #9 - 03/10/18 at 08:17:26
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WMK wrote on 03/10/18 at 08:05:56:


Here’s a novel idea: How about America start taking a look at the ‘bottom line’ prices others countries are marketing our exported goods for, and reciprocate. Whatever their ‘markup’ by whatever means, we oblige them in similar fashion.
  
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