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
Posted by Usafgiles
North Augusta, SC
Member since Oct 2009
1904 posts
Posted on 3/8/18 at 3:52 pm to
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 by SDVTiger
Cabo San Lucas
Member since Nov 2011
73811 posts
Posted on 3/8/18 at 3:53 pm to
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 by Powerman
Member since Jan 2004
162231 posts
Posted on 3/8/18 at 3:54 pm to
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 by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
27935 posts
Posted on 3/8/18 at 3:54 pm to
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 by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 3/8/18 at 3:57 pm to
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.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 3/8/18 at 3:58 pm to
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 by Usafgiles
North Augusta, SC
Member since Oct 2009
1904 posts
Posted on 3/8/18 at 3:58 pm to
quote:

Iowa Golfer



I've got to be missing something here.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 3/8/18 at 4:01 pm to
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 by Powerman
Member since Jan 2004
162231 posts
Posted on 3/8/18 at 4:01 pm to
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 by Navytiger74
Member since Oct 2009
50458 posts
Posted on 3/8/18 at 4:02 pm to
quote:

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..
He gon' get that pass through, bro.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 3/8/18 at 4:02 pm to
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.
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
27935 posts
Posted on 3/8/18 at 4:03 pm to
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
Posted by Usafgiles
North Augusta, SC
Member since Oct 2009
1904 posts
Posted on 3/8/18 at 4:03 pm to
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 by Navytiger74
Member since Oct 2009
50458 posts
Posted on 3/8/18 at 4:06 pm to
quote:

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
Well I know that much, but it's overwhelmingly actual Chinese brands (mostly knockoffs) built for domestic consumption. Overwhelmingly.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 3/8/18 at 4:07 pm to
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 by crazy4lsu
Member since May 2005
36311 posts
Posted on 3/8/18 at 4:08 pm to
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 by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 3/8/18 at 4:09 pm to
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 by Usafgiles
North Augusta, SC
Member since Oct 2009
1904 posts
Posted on 3/8/18 at 4:11 pm to
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 by GumboPot
Member since Mar 2009
118846 posts
Posted on 3/8/18 at 4:15 pm to
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 by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 3/8/18 at 4:16 pm to
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.
first pageprev pagePage 4 of 7Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram