Real US factory jobs lost so we can export USDA beef?

Self and Tire business ^ | 4/10/17 | George

[GeoPie]

Please read (I have been involved with this industry for over 20 years):

Recently the ITC found that China has been subsidizing their medium truck tyre exports to the USA between 20-70% (depending on the factory).

One month ago the ITC announced their judgement: NO TARIFF.

Everyone was EXPECTING a very large tariff, as the same court ruled the year before in favor of tariffs on Chinese passenger tires (with similar subsidies).

So there was precedent.

Interestingly, 3 days prior to the vote, one judge recused himself from the case. They ended up 1 vote short for the tariff.

The verdict stated: Yes, the Chinese are clearly dumping product, but US manufactures are still making a good profit...so no damages are occurring.

See verdict here:

https://www.usitc.gov/investigations/701731/2016/truck_and_bus_tires_china/preliminary.htm

Ironically most USA manufactures currently have factories in China (like Cooper) and the USA.

So I am not sure how much they argued in favor of tariffs on some of their own product lines (I am guessing they actually did not want the tariff).

REAL FACTORY JOBS NOW LOST: Tell the 800+ retreading factories in the USA there are no damages.

Retreading is / was still very popular for fleet trucks (i.e. 18 wheelers). Truckers have historically retreaded their tyres to maximize the tires life and decrease tire costs). Also saves about 22 gallons of oil for every tire that is retreaded.

Now truckers just buy cheap Chinese brands that do not last as long, use questionable raw materials, and add significantly to our landfill. They are disposable.

These retreading factories (mostly mom and pop shops) are closing at record rates and cutting workers /hours.

So much for saving factory jobs.

But hell, USDA beef going to China will really help local farmers (or is that global farmers).

See the article below for a review of the court case.

http://www.tirebusiness.com/article/20170222/NEWS/170229987/no-antidumping-countervailing-duties-on-chinese-truck-bus-tires

[FreedomNotSafety]

Neither is there anything in it that requires regulating and taxing it.

[GeoPie]

Even better:

Let’s keep selling China our debt, so they can use the interest (our money) to subsidize their factories, and make it impossible for our factories to compete.

China is Walmart and we (the american people) are the mom and pop shop that just closed.

Sounds like the perfect formula for long term success....well China’s success.

[GeoPie]

It doesn’t hurt the Chinese government when they are using the USD$ they get from the interest on the american debt.

Simple formula (open your eye’s): Think Walmart (China) and Mom and pop shops (US Retreaders).

1.) China buys USA debt
2.) China use’s the interest earned on US debt to pay factories up to 70% subsidy
3.) This bankrupts USA factories
4.) Now china has most of the market
5.) Long term they can jack the price up and they own our debt (debt=slavery)

Wake up and try thinking past this weeks sale of Chinese Big screens for $50.00.

[FreedomNotSafety]

Open your own eyes and look at what you are saying. Just how does China get all that debt to earn the interest that you believe is used to subsidize exports? China buys that debt. Why does China buy the debt? Is it so they can fuel their empire on a 1% return on their investment?

[Bookshelf]

Why don’t you do what other industries do. Publicize the problem. Continually! Go after Congress. But don’t whine about the cattle industry which at least in the border states has had it tough for the last twenty years.

[GeoPie]

UMMMM...YA.

. Thats what I have been doing. I have been writing (along with hundreds of others in the industry) and realize unless you have cash with your letter, the politicians really do not care.

It is also why I posted here.

I’ve been a freeper for many years and thought some freepers might be interested too. Hoping to get the publics attention.

The mainstream press has only published how bad a tariff would be (gee I wonder who controls them). And I am trying everything I can to get it out to the public.

Sadly this is probably the last place I should go to get help bring it to the publics attention....which surprised me.

[GeoPie]

Open my eye’s?

Try thinking for a minute.

The U.S. debt to China is $1.051 trillion, as of January 2017.

Owning U.S. Treasury notes helps China’s economy grow by keeping its currency weaker than the dollar. It keeps Chinese exports cheaper than U.S. products.

And they get a “small interest” on 1.051 TRILLION which they use to subsidize products....so it is a double wammy to any us corp trying to compete!

How did China become the worlds largest economy recently?

China’s low-cost competitive strategy. Its economy grew 10 percent annually for the three decades before the recession. Now it’s growing at 7 percent, a more sustainable rate.

China has now outpaced the United States and the European Union economies.

China also became the world’s biggest exporter in 2010.

I guess our strategy is working splendidly. Sell more debt for bigger government involvement and “free” goods.

No, you just sold your children into slavery and China is now their owner.

Brilliant.