You don’t help American steel and aluminum refiners by favoring their foreign competitors.
My dad used to work for AK Steel back when they were called Armco. AK now is the only U.S. maker of electrical steel, and foreign producers were dumping such, cutting into AK's production. If you think this country can function without domestic steel production if there ever is a major war again, you're as brain dead as the average Democrat.
Steel prices will drop over time as more U.S. capacity comes on-line. Sorry, but your free-trade hogwash no longer sells here.
This is a gut reaction to the problem and we should know not to believe the headlines/agenda of the media.
Everyone got surprised by the immediate increase in steel. It is the unexpected that bothers us.
Yes, folks it is going to cost us more for American Made but that is what we wanted. We complain about the cheap Chinese crap everyday.........................
So what are the choices?
Tariffs are not a zero sum event. What they give to some, they take from others, and seldom does the difference net to zero.
I'm actually a fan of tariffs, but imposing them on specific products or raw materials does nothing except pit different U.S. industries against each other.
In the long run, this will be worth it.
Hahaha price of steel went up for foreign manufacturers as well.
In the long run, which is how a conservative should look at things, we have to have fair trade. Getting raped is not ‘free trade’ amigo.
You are confusing good theory with crappy reality. Our trading partners have been bending us over for decades and not using KY. I used to work for Uncle Sam and used to write reports back on this very subject - and nothing was ever done. They cheat. And cheat. And cheat. Or in many cases, like China just piss right in our faces and we just stand there and lick it up.
And there is something else at stake here - which are industries critical to national defense. Those cannot be allowed to wither completely away.
Sourcing Reuters, eh? I can only imagine that CNN, Yahoo!, MSNBC and WaPo heartily agree with them.
But you DO help AMERICAN workers in places like Hawesville, Kentucky, or West Lafayette, IN as US companies gear up to meet the new demand.
Trump’s tariffs allow us to invest $100 million and hire hundreds: Century Aluminum CEO.
So your beer is going up 4 cents a case due to not using Chinese aluminum?? How much did the tax on beer go up over the last 20 years?
You don’t help the American economy by allowing foreign nations to dump subsidized products in your nation.
The, sure wages are stagnated but you can buy a toaster for $5 argument is done... its a sham.
The systematic extraction of US Wealth to foreign players, while taking a cut for yourself, by traitorous fiscal and economic policies is done.
The entire point is the US was the world’s largest steel producer, and; we won World War I and especially II because we could build tanks, aircraft, ships, etc. If we have a war with China we cannot build ships, planes, tanks, etc. WE MUST MAKE OUR OWN STEEL.
“You don’t help American manufacturers by raising the prices they pay for steel and aluminum.”
Steel and aluminum manufacturing are strategic resources. China’s heavily government subsidized metal industries have undercut US manufacture, resulting in far too little domestic metal production.
This is just adjusting things to favor America’s overall strategic interests. Businesses relying on artificially low metal prices will have to adjust their business plans.
President Trump has made this exact point regarding strategic steel production.
“But Reuters interviews with more than a dozen small to mid-sized manufacturing executives and recent U.S. economic data reveal Trump’s protectionist trade policy is starting to lead some of them to take a more cautious approach, and forcing them to put new investment and hiring plans on hold.”
More than a dozen?
Seems to be inconsistent with the NFIB Small Business Optimism Index released this morning?
Sales expectations also gained ground, rising 1 point to a net 21 percent, as 59 percent of construction firms and 56 percent of manufacturing firms expected higher sales volumes in the coming months, encouraged by wage growth and solid consumer sentiment.
Capital expenditure plans also improved by 3 points to a net 29 percent, with current capital outlays driven by new equipment spending and the acquisition of vehicles, while plans call for increased spending on training and labor-saving technology.
56 percent of manufacturing firms expected higher sales volumes in the coming months, encouraged by wage growth and solid consumer sentiment.
http://mam.econoday.com/byshoweventfull.asp?fid=486090&cust=mam&year=2018&lid=0&prev=/byweek.asp#top
You again huh?
“You don’t help American manufacturers by raising the prices they pay for steel and aluminum.”
You don’t help American manufacturers by allowing foreign nations to put up tariff walls, as they all do.
Rotten Reuters = globalist mouthpiece’s fake news.
President Trump has an absolute genius understanding of how the economy works. He is aware of short term effects, but knows that it is better to think and plan for long term better results for America.
I couldn’t begin to understand anything at all wrt the economy, but I have learned to trust him in many areas, especially this area. (It’s also much less stressful!)
Yeah, we believe you Reuters....you’d never write “stories” slanted to advance an anti-American, globalist agenda. Would you?
We saw an increase of over 100 percent on stainless steel shaft material in 4 months. That is not from the tariff.