The dread many feared has finally arrived

Sure.

 

I'm not dreading this.

Ultimately, this will lead to compromise. It will place U.S. steel makers in a better position than they were in before.

You want that to happen, don't you, Sandy?

 

So, you don't know what you are talking about.

 

Seth, for every benefit there is a cost. One has to measure that cost to the benefit received. In this case, the cost is prohibitive. Don't take my word. This is the cost according to the experts.

A new report by Trade Partnerships Worldwide, an economic consulting firm in Washington D.C., found that these trade penalties and their resulting retaliation from foreign markets, will initially boost the amount of jobs in the steel and aluminum manufacturing industry by nearly 27,000 over the next one to three years. Those gains, however, will be immediately offset by a reduced net employment of about 430,000 jobs throughout the rest of the country. Essentially, the report indicates, for every steel and aluminum job gained there will be 16 jobs lost in other industries throughout the rest of the nation’s economy.

Low-skilled workers, like production worker and machine operators, are expected to be hit harder than managers and professionals and are estimated to account for about 70 percent of layoffs.

The biggest industry to take a hit from these tariffs will be steel-consuming sectors, many of which are in the Rust Belt and southern states. California, Texas, and New York are also expected to suffer major losses. Also notable are job losses in agriculture, an industry that was a prime target of the retaliations set into motion by Mexico, the European Union, and Canada.

http://www.newsweek.com/donald-trump-tariffs-trade-job-loss-961988

One of the "steel-consuming sectors" is the automobile industry. The automobile industry is the largest manufacturing sector in the country. Trump's 25% steel tariff and 10% aluminum tariff imposed on Canada, Mexico, and the EU takes direct aim at the industry.

China ranks around tenth as a steel exporter to the U.S. at about 4%. Canada is number one at 17%. Mexico is number four at 9.4%. Trump's tariffs are on everyone exporting to the U.S.

 

Trump is being given ALL the credit for the economic recovery initiated during Obama's term, but he doesn't realize how dependent we are on the rest of the world to maintain the continuity of our financial security.

Who will Trump blame when his policies fail???. . . . The collusion investigation???

Diehard Trump fans will follow him like the Pied Piper, but how long will congressional Republicans let him run amok before pulling in the reins???

 

There is no foreign child labor sweatshop the Democratic Party doesn't love and no American industry the Democratic Party doesn't hate.

 

C'mon Sandy, he didn't say Canada is a threat to our national security. He said losing our steel industry would be.

 

Rosie O'Donnell's doing a naked calender this year to raise money for Democratic party?

 

No more responses. You need to stop the personal insults. It is clear you don't understand what Trump is doing and there appears to be no way to explain it to you.

 

That's the $64,000 question. Stocks are taking another major hit today because of his trade wars.

The economy is all his base has, even though it makes no sense. Trump has done nothing for the economy. His policies are a disaster. His tariffs provide a good example, but there are countless others.

But, like you said, his fans will follow him like the Pied Piper, and the only thing they hang their hat on is the economy. It makes no sense, but his followers are not fans of reality. They avoid it like the plague.

 

If I were in your shoes, I would give up, too.

If you want respect, don't make foolish statements.

By imposing his tariffs, a promise he made during his campaign, he is violating his own party's principle's.

Consider that Trump’s tariffs are opposed by a remarkable array of scholarly institutions across the political spectrum, including the conservative Heritage Foundation the libertarian Cato Institute , the center-left Brookings Institution and the left-wing Center for Economic and Policy Research. The White House barely offers serious arguments, instead providing a bogus justification for the tariffs — national security — even though China and Russia supply only a small portion of these goods to the United States.

If you want respect, don't make foolish statements.

 

Of course we can. They have been one of our best allies for over a century.

 

Not the same thing as having a higher priority.

 

Well, before Trump put in the stupid tariffs on Canada, I think we would have been safe to get our materials from Canada. We may have burned that bridge with Trump's stupidity. Nobody wins a trade war.

 

Harley Davidson earlier today said it will be shifting production to its international facilities of motorcycles that are headed to Europe in order to avoid paying a 25 percent tariff on its way into the European market. Brussels levied that penalty in response to Trump's tariffs on steel and aluminum imports. Spokesperson Michael Pflughoeft said the company was "assessing the potential impact" on jobs, but it can't be good.

There is a good reason why HD is doing this. Americans are trending toward smaller bikes, and the market is down. Europeans like the larger bikes. There is a 2.3% growth in international sales compared to a 3.9% decline in U.S. sales.

Trump's reaction was expected. He lied and he seems a bit misinformed. "Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag," Trump wrote on Twitter. Trump obviously is ignorant of good business practices. HD said the duties meant an increased cost of $2,200 on each motorcycle heading into Europe, which is the company's largest market.

He wasn't through making himself look foolish and ignorant. Trump noted in his post that he "fought hard for" Harley-Davidson and that "ultimately they will not pay tariffs selling into the E.U., which has hurt us badly on trade." Trump hurt us badly in trade. Trump did not fight hard for HD, which uses steel and aluminum. With his 25% steel tariff and 10% aluminum tariff, he "fought hard for" jobs in the steel and aluminum industry. He was warned by the U.S. Chamber of Commerce that for every job his tariffs saved, 16 would be lost.

"Ultimately they will not pay tariffs selling into the E.U." It was not immediately clear what he meant, given that Brussels did include motorcycles on its final list of products that were hit with retaliatory tariffs beginning Friday. A White House spokeswoman did not immediately respond to a request for clarification.

I'm being polite.

HD is based in Milwaukee. How did the leaders of the free trade Republican Party react to Trump's tariffs that ultimately cost jobs in Wisconsin? They expressed regret, but the sheep did not dare challenge Trump.

A spokeswoman for House Speaker Paul Ryan, of Wisconsin, says Harley’s decision is “further proof of the harm from unilateral tariffs.” AshLee Strong says the best way to help American workers, consumers and manufacturers is to open new markets and not raise barriers.

Fellow Republican Gov. Scott Walker echoed the comments.

Sen. Ron Johnson (R-Wis.) blamed China. “Unfortunately, this confirms my concerns and is a far too predictable outcome of policies [Trump's policies] that give companies like Harley-Davidson incentives to make their products elsewhere. We need to hold China accountable for its trade abuses, but that does not need to come at the expense of American workers and businesses.”

INCREDIBLE!

 

The problem I have with posts and basically discussions about this, is there is the automatic assumption that this is a problem that is the cause of low taxes.

Does it have nothing to do with continued welfare? School debt for new higher education workers? Culture differences that continue to separate? Horrible spending practice by the government?

It is so disingenuous to put up this question and preface it with the statement that it is the fault of taxes and evil corporations.

This is why nothing gets done in this count, it is not "Is this a better idea than the other?" It is "Your idea is evil and you want to kill people!"

Its so stupid, it LOOKS like things are turning around, I am curious to see what happens in the mid terms.

 

Interesting, he has a massive lead when it comes to fiscal policy.

I don't think this a winning issue to go after, like it or not, the country does not like the tarrifs they see from our allies as it seems like they are one sided.

If that is incorrect, you need to get better at spreading your message.

 

No doubt this poster was speaking for a number of Trump fans. They say things like that when things are going bad for Trump. Perhaps, they are ignorant of the effect the stock market has on their IRA's and mutual funds.

CNN Money reports, "Tech stocks suffered their worst day in more than two months on Monday after reports that President Donald Trump plans to crack down on Chinese investment in major technologies in the United States.

"The Nasdaq dropped 2.1%. Major chip makers including Nvidia (NVDA), Advanced Micro Devices (AMD) and Marvell (MRVL) tumbled more than 4% apiece.
Even this year's tech all-stars retreated sharply. Netflix (NFLX) plunged more than 6%, while Twitter (TWTR) and Amazon (AMZN) lost more than 3%.

"The Dow shed 328 points, or 1.3% "

"The biggest tax involved with tariffs is uncertainty. Everybody freezes," said David Kelly, chief global strategist at JPMorgan Funds.

Kelly said that the United States is now working on "trade conflicts on multiple fronts," and failure to reach resolutions could lead to "constant conflict for potentially years to come."

Federal Reserve Chairman Jerome Powell said last week that the central bank is hearing for the first time from businesses about postponed investment, hiring and decision making because of trade worries. "That's a new thing," Powell said.

Well, maybe my friend will start to care now.

 

Trump didn't think any harder about the unintended consequences of his tariff brainchild than he did about sucking up to Kim Jong un. Moron.

 

I see that a company from India is modernizing and building steel plants in the good ole USA. I see the EU is lowering tariffs on US made autos.

I see that the EU is starting to crack and the rest of them are starting to line up to keep the flow going - even if they won't be making really big $ any more, the US will still be the lions share of their exports.

All of this hand wringing over the "trade war" is much ado about little. Jobs continue to be created, wages continue to go up, and Prersident Trump is continuing to Make America Great Again,

 

George Will is a free thinker, but I never thought he would directly state he was opposing Republicans, but he did.

 

Trump has violated the Emoluments Clause from the instant he took the oath. That, in and of itself, is enough to impeach him and would have impeached any other president, if we had a decent Congress not beholden to their donors.

 

Except that he has not.

 

It's in court. We'll see how it works out for him.
https://www.washingtonpost.com/poli...ory.html?noredirect=on&utm_term=.314ae3b24133

 

Lawsuits prove nothing. He has not.