Replies

1 posted on 05/17/2016 10:12:24 PM PDT by traumer

its almost like somebody is pressuring them....

2 posted on 05/17/2016 10:16:43 PM PDT by DesertRhino ("I want those feeble minded asses overthrown,,,)

Oh no. They are going to start a trade war. We can’t have a trade war.

4 posted on 05/17/2016 10:20:19 PM PDT by Moonman62 (Make America Great Again!)

5 posted on 05/17/2016 10:21:00 PM PDT by stocksthatgoup (GOPe/MSM - "When we want your opinion, we will give it to youGo to trumps websites look at issues an)

Hah hah hah. This is too funny. They aren't slapping a tax on the Chinese, they are slapping a tax on you. And by you, I mean Americans.

6 posted on 05/17/2016 10:32:57 PM PDT by fhayek

“US slaps China steel imports with five-fold tax increase”

Trump Effect ...

14 posted on 05/17/2016 11:11:08 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)

GWB pulled that trick, creating a targeted tariff on one product, for a limited amount of time, to "prove" that the Bush-Clinton-Bush-Obama economic holocaust was "good for Americans".

I suspect this now, until the USA is back to an overall self-sustaining economy. That won't happen until Trump is president, and all our industries are running again.

16 posted on 05/17/2016 11:36:56 PM PDT by meadsjn

19 posted on 05/18/2016 12:23:38 AM PDT by Fresh Wind (Hey now baby, get into my big black car, I just want to show you what my politics are.)

FWIW, the Chinese steel industry is a prime example of failed communism. They determined how many stell mills to open by communist fiat in their economic planning.

After they were opened, they realized they had built between 3x to 5x too many mills for their demand.

When they allowed the mills to produce, they drove the market prices down below the cost to produce steel.

Their communist committees would then decide which ones could operate, and cease production in the other 4 mills, now creating shortages to drive back up the market prices.

The response time of the policy decisions was greater than the market responses by months to years.

2 years ago they were supposed to close about 2/3s of their plants to solve the problem. Looks like they changed their minds again.

To make the problem worse, when operating, the competition was so fierce, their QC became useless, and their steel was frequently grossly substandard. Reliability was absent.

There are many industries who now rule out the procurement of any Chinese made steel, when QC is requisite.

Tax/tariff might not be such a bad thing in this situation.

22 posted on 05/18/2016 2:10:36 AM PDT by Cvengr ( Adversity in life & death is inevitable; Stress is optional through faith in Christ.)

Well, that’s one that President Trump won’t have to wast time on.

23 posted on 05/18/2016 2:12:50 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners. And to the NSA trolls, FU)

This is the crux of the free trade issue. Dumping is not free trade, it is economic warfare.

27 posted on 05/18/2016 3:34:58 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)

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