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re: Car prices set to sky rocket after 25% tariff on Steel and 10% on Aluminium
Posted on 3/2/18 at 12:04 pm to LSURussian
Posted on 3/2/18 at 12:04 pm to LSURussian
quote:
Except that ALL American citizens will be paying for this corporate welfare.
Nope!
1
Posted on 3/2/18 at 12:07 pm to Jyrdis
quote:
Now do the analysis on the rest of the economy, when Americans have to divert money from other goods to pay for these newly higher priced goods.
Yeah... Going to have to turn out a light for a split second to pay for that 6 pack.
Posted on 3/2/18 at 12:09 pm to ngadawg250
quote:The steel industry only directly employees 140,000 people and 67% of our steel comes from the US.
in exchange for American jobs and to not be dependent on the rest of the world for our steel.
Our steel exports are about 30% of of our steel market, so it seems highly unlikely we'll gain in exports, so not losing is the best hope because losing exports is very possible. But even if we assume that we won' lose any of our export market, the maximum we can gain is 33% of the domestic market that imports steel, which means the maximum increase the US steel industry can gain is 34.6%. And if that maximum increase (unlikely) results in a corresponding increase in jobs (also unlikely) then AT MOST this will add a little over 48,000 jobs.
And since costs will rise on downstream companies, and costs will rise on the population as well, decreasing our purchasing power, people will lose jobs as a result, possibly more than he 48,000 that were created.
Posted on 3/2/18 at 12:11 pm to Jjdoc
US steel import prices will go up by nearly $7.5B (25% increase on $29.6B value of 2017 imports).
Ahh, so still bad for consumers though.
quote:
But the largest jump talked about today is cars. There is about a ton of steel in a car. Those will go up about $100 to $200 dollars. And The industry has stated that they won't pass on all of that to the US consumer.
Ahh, so still bad for consumers though.
Posted on 3/2/18 at 12:12 pm to Jjdoc
quote:
1- Can goods to go up .003 cents (not a typo) 2- Beer set to go up .005 cents per can. But the largest jump talked about today is cars. There is about a ton of steel in a car. Those will go up about $100 to $200 dollars. And The industry has stated that they won't pass on all of that to the US consumer
Goddamned madman...
Posted on 3/2/18 at 12:23 pm to slackster
quote:
Ahh, so still bad for consumers though.
pretty sweet for a small & select group of producers though
Posted on 3/2/18 at 12:23 pm to Jjdoc
If this tariff is a good deal for America, why stop at 25% for steel? Why not make it 45% and really make American steel competitive?
Posted on 3/2/18 at 12:23 pm to buckeye_vol
quote:
The steel industry only directly employees 140,000 people
That's not world wide. China just reallocated 500K steel and coal workers. They stated that they were laying off 1.8 million. If you believe them.
quote:
And since costs will rise on downstream companies, and costs will rise on the population as well, decreasing our purchasing power, people will lose jobs as a result, possibly more than he 48,000 that were created.
No... Just NO!
You are making things up in your head. If the tariff is at 25%, we already know the fall out of prices.... as in what's being talked about in this thread.
You are acting like there is no other purchase options. Like all of the sudden the only steel allowed is USA steel. That's FALSE! It's a 25% tariff. Still can purchase that steel.
The total cost to a consumer IF that is passed on at a 100% rate, a car will cost no more than $200.
The fact is if China decided that they are ready to TAKE or invade a nation and cut the world off, the USA will not be ready!
That's a simple fact.
Posted on 3/2/18 at 12:24 pm to Jjdoc
quote:
Yeah... Going to have to turn out a light for a split second to pay for that 6 pack.
Clearly you don't understand aggregate markets.
Posted on 3/2/18 at 12:25 pm to slackster
quote:
so still bad for consumers though.
No. The trade off out weighs that. Jobs, higher wages, and the USA not dependent on others.
Posted on 3/2/18 at 12:27 pm to Jjdoc
quote:
But the largest jump talked about today is cars. There is about a ton of steel in a car. Those will go up about $100 to $200 dollars. And The industry has stated that they won't pass on all of that to the US consumer.
That's in the same range as how much I will save in taxes. First y'all told me $200 matters, but now it doesn't? Which way is it?
This post was edited on 3/2/18 at 12:28 pm
Posted on 3/2/18 at 12:29 pm to Iosh
Nobody on the right is as stupid as Nancy Pelosi, who you want to be speaker.
I challenge you to locate the $100. I can easily locate my extra tax cut money.
Over $100 every month vs &100 once every 3-4 years.
I challenge you to locate the $100. I can easily locate my extra tax cut money.
Over $100 every month vs &100 once every 3-4 years.
Posted on 3/2/18 at 12:30 pm to cahoots
quote:
That's in the same range as how much I will save in taxes. First y'all told me $200 matters, but now it doesn't? Which way is it?
You buy 12 cars a year?
Posted on 3/2/18 at 12:33 pm to Jjdoc
Would that extra money, birthed and spent in America, more than make up for the lost trade?
Answer: easily
Answer: easily
Posted on 3/2/18 at 12:34 pm to Jjdoc
quote:
No. The trade off out weighs that. Jobs, higher wages, and the USA not dependent on others.
Then I'll ask again - why stop at 25%? Why not go higher if it's such a good deal for America?
Posted on 3/2/18 at 12:34 pm to Jjdoc
quote:
200 dollars.
Multiply by the 17,000,000 cars sold every year. What is 17,000,000x200x10 years? Who is getting that money? What is being done with it? Who is paying that money?
Posted on 3/2/18 at 12:36 pm to Jjdoc
quote:
The fact is if China decided that they are ready to TAKE or invade a nation and cut the world off, the USA will not be ready!
No way
The free market conservatives said we can buy that stuff from anyone. We don't need to be self reliant as a country.
People really aren't thinking down the road about this. If WWIII were to happen do they think we can just fire factories back up and have a trained workforce to work in them?
Posted on 3/2/18 at 12:36 pm to slackster
quote:I just started a thread similar to this asking why we don't put tariffs on everything though.
Then I'll ask again - why stop at 25%? Why not go higher if it's such a good deal for America?
Posted on 3/2/18 at 12:38 pm to Jyrdis
quote:this - read his post history.
Clearly you don't understand aggregate markets.
Posted on 3/2/18 at 12:48 pm to MrLarson
quote:
The free market conservatives said we can buy that stuff from anyone. We don't need to be self reliant as a country.
What the frick are your prattling about?
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