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re: Smithfield Farms closing major pork plant indefinitely--supply chains are getting tight
Posted on 4/12/20 at 8:06 pm to lgh
Posted on 4/12/20 at 8:06 pm to lgh
I say you are naive as hell.
The steelmakers are not making a lot more steel than they were when Ross got his protectionist tariffs passed. They simply went up on price to world prices plus 25% and used the difference to buy back stock (at least in the case of USX).
Today steel is cheap but Americans still pay more for steel than do Mexicans. American companies seeking to sell their products containing steel on world markets are at a distinct disadvantage.
May be over your head.
The steelmakers are not making a lot more steel than they were when Ross got his protectionist tariffs passed. They simply went up on price to world prices plus 25% and used the difference to buy back stock (at least in the case of USX).
Today steel is cheap but Americans still pay more for steel than do Mexicans. American companies seeking to sell their products containing steel on world markets are at a distinct disadvantage.
May be over your head.
This post was edited on 4/12/20 at 8:19 pm
1
Posted on 4/12/20 at 8:32 pm to I B Freeman
quote:
I say you are naive as hell.
I say you are commie as frick
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