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Started By
Message
re: Trump imposing tariffs on all steel, aluminum imports; exempts Mexico and Canada for now
Posted on 3/8/18 at 3:52 pm to JuiceTerry
Posted on 3/8/18 at 3:52 pm to JuiceTerry
Im finding it hard to figure out what this solves. If china is the problem, then punish china. This appears to affect the EU and SOKO who are both critical allies in defense and trade.
Posted on 3/8/18 at 3:53 pm to 90proofprofessional
quote:
translation: SHUT UP SHUT UP SHUT UP STOP QUESTIONING MY IDOL HE'S ALL I HAVE
Nice melt when you just got crushed
Posted on 3/8/18 at 3:54 pm to GumboPot
quote:
Hopefully this real life example answers your questions:
If I remember correctly this was also a ploy to drive up the cost of the product by keeping it off the market
Also of note - they own a plant here in the U.S. I know because I was working there when this news came out and when the acquisition took place. (EDIT - It appears that the acquisition didn't take place then. Perhaps not at all) Latest articles I can find on the matter is that the merger was stalled due to security concerns.
This post was edited on 3/8/18 at 3:58 pm
Posted on 3/8/18 at 3:54 pm to 90proofprofessional
quote:
translation: SHUT UP SHUT UP SHUT UP
I don't care if you shut up or not, but DAYUM, at least pretend to be intelligent
Posted on 3/8/18 at 3:57 pm to 90proofprofessional
Answer me! What about Volvo's for attorneys? The prices are going up, up, up! 911! Emergency!
I mean look at steel and aluminum futures. Wait? What? Look at spot steel and aluminum price action the last week.
This is important stuff. It will have a significant impact on CPI.
Just wait.
I mean look at steel and aluminum futures. Wait? What? Look at spot steel and aluminum price action the last week.
This is important stuff. It will have a significant impact on CPI.
Just wait.
Posted on 3/8/18 at 3:58 pm to RobbBobb
quote:
I don't care if you shut up or not
except that literally one post ago you came in to complain about my motivation for making a post
quote:
Youre just posting to bitch at this point
such a butthurt and beta thing to post
and, of course, what i said that prompted your impotent little attempt at ankle-biting was 100% correct
Posted on 3/8/18 at 3:58 pm to Iowa Golfer
quote:
Iowa Golfer
I've got to be missing something here.
Posted on 3/8/18 at 4:01 pm to Iowa Golfer
quote:
Answer me! What about Volvo's for attorneys? The prices are going up, up, up! 911! Emergency!
I mean look at steel and aluminum futures. Wait? What? Look at spot steel and aluminum price action the last week.
This is important stuff. It will have a significant impact on CPI.
Just wait.
seriously, golfer. i'd like your earnest take on this move.
you promised us all that you'd give it if you took the statement of intention to apply tariffs seriously. do you still think this is not a real intention to apply tariffs?
Posted on 3/8/18 at 4:01 pm to Navytiger74
quote:
Thanks. Didn't really think they were doing so in any volume. Any idea what that amounts to in a year?
Couldn't tell you by brand but China produces more vehicles than any other country by a pretty decent clip
They're probably doing somewhere in the ballpark of 25 million unites a year
Posted on 3/8/18 at 4:02 pm to JuiceTerry
quote:He gon' get that pass through, bro.
It's pretty funny..
We don't import huge amounts of steel from China
Yes we do, you just didn't know it because it comes through Mexico. That's all gonna change now
But Mexico is exempt
Yeah, but..
Posted on 3/8/18 at 4:02 pm to Usafgiles
Yeah, but not worth worrying about. A targeted tariffs impact isn't going to be doomsday like some on here think. There will be impact, but the people that hedge the actual commodity aren't nearly as worried as some on here.
So for now, as I see it, Producers > Academics.
So for now, as I see it, Producers > Academics.
Posted on 3/8/18 at 4:03 pm to 90proofprofessional
No
You questioned the national security aspect of the tariffs. China has engaged in undermining us while propping up NKor, who threatens us with nukes. We are building a damn wall to keep Mexico and Latin America from undermining our economy by shipping untaxed monies out of our borders
Then you make some stupid shot at him wanting to renegotiate NAFTA, by using the tariffs. As if he isn't capable of doing both things, at the same time
Youre just proving how limited intellectually you are, in understanding the whole concept
You questioned the national security aspect of the tariffs. China has engaged in undermining us while propping up NKor, who threatens us with nukes. We are building a damn wall to keep Mexico and Latin America from undermining our economy by shipping untaxed monies out of our borders
Then you make some stupid shot at him wanting to renegotiate NAFTA, by using the tariffs. As if he isn't capable of doing both things, at the same time
Youre just proving how limited intellectually you are, in understanding the whole concept
Posted on 3/8/18 at 4:03 pm to Powerman
but I wouldn't think that they have that many sold in the U.S. but I don't have anything to back that up. Just assuming, since the models they produce aren't all that popular.
Posted on 3/8/18 at 4:06 pm to Powerman
quote:Well I know that much, but it's overwhelmingly actual Chinese brands (mostly knockoffs) built for domestic consumption. Overwhelmingly.
Couldn't tell you by brand but China produces more vehicles than any other country by a pretty decent clip
They're probably doing somewhere in the ballpark of 25 million unites a year
Posted on 3/8/18 at 4:07 pm to RobbBobb
quote:
You questioned the national security aspect of the tariffs
and am exactly right to do so. the offer to exempt the largest and 4th largest foreign supplier is kind of a clue that low domestic production of this material isn't actually a national security crisis at all
quote:
China has engaged in undermining us while propping up NKor, who threatens us with nukes. We are building a damn wall to keep Mexico and Latin America from undermining our economy by shipping untaxed monies out of our borders
haha, what a pathetic stretch
quote:
Then you make some stupid shot at him wanting to renegotiate NAFTA, by using the tariffs. As if he isn't capable of doing both things, at the same time
if the tariffs are a legitimate must for national security, he obviously wouldn't be offering them up as a bargaining chip
an offer which mexico laughed at publicly, and pre-emptively, i might add
Posted on 3/8/18 at 4:08 pm to Usafgiles
quote:
Im finding it hard to figure out what this solves. If china is the problem, then punish china. This appears to affect the EU and SOKO who are both critical allies in defense and trade.
Yeah I don't see a reason to antagonize the EU or SK.
Posted on 3/8/18 at 4:09 pm to crazy4lsu
i still want to know what Hail was talking about the tariffs not applying for steel in the form of raw material or whatever
Posted on 3/8/18 at 4:11 pm to Iowa Golfer
quote:
A targeted tariffs impact isn't going to be doomsday like some on here think.
I think my worries come from the impact of the response, not necessarily the increase in steel price.
There will be an impact on the agri sector if the EU increases tariffs like they have threatened. Not to a doomsday level, but enough to outweigh any benefit (if there is any) of the tariff hike.
Posted on 3/8/18 at 4:15 pm to Iowa Golfer
quote:
Yeah, but not worth worrying about. A targeted tariffs impact isn't going to be doomsday like some on here think. There will be impact, but the people that hedge the actual commodity aren't nearly as worried as some on here.
The tariff has more of an impact on ardent opponents sensibilities than the economy because it's against their ideology born out of years of schooling.
I'm generally against tariffs too however I'm not melting over this and I do see quality reasons behind this tariff especially from a national security perspective (that I've already described here). For me the principle of double effect applies here. And FWIW, I don't expect the tariff to result in the dooms day scenarios the nay sayers say it will.
Posted on 3/8/18 at 4:16 pm to Usafgiles
It remains to be seen. First, we really don't know what the tariff is until the 15 day period is over. Maybe not even then. If you watched after the signing, Commerce Secretary was interviewed. He made it clear they wanted to avoid anything you describe.
I was finishing my trading, so might not have been Commerce Secretary. But it was a cabinet level official, on Bloomberg I think.
At this point there really isn't anything to be concerned about except academic debate about something that isn't close to finalized. I deal with the what is, and somewhat invest on the what if, but more so, the what is. Premature debate is for others with too much time on their hands.
I was finishing my trading, so might not have been Commerce Secretary. But it was a cabinet level official, on Bloomberg I think.
At this point there really isn't anything to be concerned about except academic debate about something that isn't close to finalized. I deal with the what is, and somewhat invest on the what if, but more so, the what is. Premature debate is for others with too much time on their hands.
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