Unions praise Trump on steel tariffs

I sure they'll still manage!!

The problem we find (UK) with imported steel from China is the poor quality. I know of one engineering firm that cut a steel beam and it had part melted steel ball bearings inside.

Tariffs are the way forward.

 

It's across the board on most products throughout many countries. Greedy profit making businesses switch to sweatshop manufacturing countries because people here buy it. If the consumer didn't buy it, the supplier won't import it.

I wonder how many in the US steel industry own an iPhone that was made in China.

 

Did countries smuggle the products in or did the USA allow them to come in?

If you allowed them to come in, why wasn't it controlled in the first place? If the USA made a car that cost $5,000 to do so, why didn't the USA slap a $1,000 tariff on the $4,000 imported car? That goes with all countries.

I would like to see a law in the UK where each product has to be labelled detailing where it's components are made in and where it's assembled. That way, I will buy as much British product as I can and have Chinese, Vietnamese, Bangladeshi and Indian products last on my list.

The sad news is, there are probably some items that we're stuck with being Chinese made.

 

`
Unions are as corrupt as both the democratic and republican parties. Union management is a poor indicator of what the rank and file think. If the EU carries through with their threat to add tariffs on Harley-Davidson bikes, there will be a lot of WI Harley workers who will poop on Trump and the republicans.
`

 

Your logic of "you guys" is the perspective of partisan hackery, nothing else. Maybe you are totally submissive to a political party, but then that's you.

 

I've gotten Chinese stainless steel - that promptly rusted.

 

Stainless steel to the Chinese is probably just standard steel that's hasn't got any sweat stains on it from the children that are forced to make it.

 

Where is your link to factual proof from an unbiased source that these tariffs will create more jobs then they cost OR will help the overall economy?

And save the old 'ask a question to avoid answering mine' nonsense.

Either answer the question with the link I asked for or please have the maturity to admit you cannot.

 

Unions have shown time and again they are full of ignorant, short-sighted leaders.

That they praise this nonsense just doubly proves my point.

Anyone who thinks major tariffs will benefit the American economy clearly do not know their macroeconomic history or even economic common sense.

The last time America embarked on a trade war - it did not turn out too well.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act

Trump is a fool.

 

And one thing I guarantee you that most of you Trump lovers have not thought of is bonds.

What happens if foreign nations dump US treasuries in retaliation?

https://www.zerohedge.com/news/2018...aliate-trumps-trade-war-dumping-us-treasuries

It will send interest rates skyrocketing (as bond yields rise) and that will force the Fed to either monetize the debt again or raise rates to cover inflation - or both.

It's doubtful other countries will dump their treasuries yet. But IF they do - these 'little tariffs' could blow up the 'recovery'.
If other countries just stop buying U.S. treasuries in retaliation, that alone will put upward pressure on inflation.

This is a VERY dangerous game Trump is playing. Especially considering the U-3 rate is already at a low 4.1%. If it was stuck at 7 or 8% it would make more sense.
But why take such a huge risk when unemployment is already so low (officially)?

 

The burden of proof is on you and links to unbiased sources of the crisis in the steel and aluminum industry have been posted and of the half a million jobs it puts at risk if nothing is done.

If you don't have an extra $200 for a new car you have no business buying a new car.

You're not a poker player, are you?

 

So what would you do?

 

Wrong... Josephwalker claimed these tariffs will 'help our overall economy'.

He made the claim (as did Trump). It is up to him to back up that claim...not me to prove it is not valid.

It is almost impossible to prove a negative....DUH.

I would have thought you learned that in grade school. High school at the latest.

 

Nothing...America has enough other problems.

And right now she has a 4.1% U-3 unemployment rate? That is the lowest it has been since 2000? Why is he freaking out about a few thousand steel/aluminum jobs in an economy that has over 154,000,000 people employed?

https://data.bls.gov/pdq/SurveyOutputServlet

And America is already the fourth largest steel producer in the world. And the three countries that produce more then America (China, India and Japan) only import relatively, small quantities to America. So these tariffs will not affect them much.

https://en.wikipedia.org/wiki/List_of_countries_by_steel_production

https://www.census.gov/foreign-trade/Press-Release/2017pr/12/steel/steel3p.pdf

I would leave it alone. It is a non-issue. America is not going to fall into an economic abyss just because America doesn't make as much steel as Trump wants her to. But the trade war Trump could start could make things a WHOLE lot worse.

Trump should spend more time dealing with the huge fiscal deficit, the 'big, fat, ugly bubble' (his words) the stock market has become (the DOW is down YTD), all the debt Americans have and what will they do when the Fed raises rates up.

And that is just a start.

 

Forget it.

 

A leftie complaining about unions = ice skates in Hell.

 

But would helping/increasing GDP help the national debt, bearing in mind national debt % to GDP is the important ratio.

Would citizens increase buying power increase GDP and you do this by increasing employment even further?

Obviously exports helps GDP and imports don't.

 

But this is presupposing that these tariffs will lower imports without overtly affecting exports. The EU is already talking about possible retaliatory tariffs on American exports. You think any airline in a country hit hard by these tariffs is going to buy Boeing airliners (over Airbus ones) as long as this goes on - for example? And that is just the tip of the iceberg.

And what about the higher prices for MANY goods that will certainly get passed on to consumers? Especially poor people who are on fixed incomes?

America has the lowest unemployment rate since 2000 and Trump is willing to start a trade war that will (at the very least) for CERTAIN raise the cost of living for Americans and possibly cost many more export jobs...all for a few thousand steel/aluminum jobs? That will only last until the Dems get in power - when they will surely kill these tariffs.

This seems like an incredibly small potential gain for a massive risk.

 

What you are seeing is comparative advantage. Inexpensive labor is what third world countries have in abundance and is their building block towards economic growth. And as their standard of living increases those countries become larger markets for US goods. Consumers benefit and third world countries benefit from the transactions.

BTW Steve Jobs was adamant about keeping production in the US but could not find enough manufacturing engineers in the US to operate his factories which is why they are in China.

 

If US consumers could buy a car made in a foreign country for $5K less than made in the US would it be net beneficial for the US economy for people to buy those cars ?? If oranges grown in Florida were half as expensive as those grown in New York would it be net beneficial for residents of New York to buy Florida oranges ??

 

You claim harm, therefore prove it.

 

I recall the coal miners union praising trump too. How's that working out for them?

 

Depends. Are a couple 1000 new jobs better than job losses? Trumps steel tariffs have the potential to spur a resurgence in US steel mfg. That would compliment the resurgence of coal production nicely wouldn't it? Corporate tax incentives should promote domestic investments in both industries. We're capitalists, and Trumps policies capitalize on that fact. Trumps tarrifs will create the demand side of the supply / demand axiom. It must be exhausting for Trump to hold all these remedial economics seminars.

 

Smoot Hawley. QED.

 

If Trump came out for a big increase in the minimum wage, the Washington Post would suddenly realize that it would increase unemployment among minority youths.

https://www.americanthinker.com/blo...few_media_people_get_trump.html#ixzz58n6agAQY