Posted on 02/18/2018 11:05:18 AM PST by Hamiltonian
China has a message to President Donald Trump if he imposes heavy tariffs on steel and aluminum imports: The Asian nation will retaliate.
On Friday, Commerce Secretary Wilbur Ross recommended that Trump impose trade measures against foreign suppliers of the metals because of national security. Trump plans to make a decision by April on the recommendation, which includes a 53 percent tariff on steel from 12 countries, including China.......
"If the United States' final decision affects China's interests, we will take necessary measures to defend our rights," said Wang Hejun, a senior official at China's Commerce Ministry, according to a report Saturday by state-run news agency Xinhua.....
The Chinese Commerce Ministry urged the United States to "exercise restraint in using trade protection tools, and observe multilateral rules," according to the Xinhua report.......
China's Commerce Ministry said the reports the nation is threatening U.S. national security are "groundless."
(Excerpt) Read more at upi.com ...
Why do we HAVE to buy steel from China?
eff china. you dont threaten the USA and walk away unscathed. #herecomesanctions
I expect the coral atolls that the chinese built into forward operating military base(s) will be the first to go BOOM.
Fight over 'Buy America' provision erupts in Congress
"A last-minute fight over a 'Buy America' provision has erupted in the final negotiations over a waterways bill.
At issue is language included in the Senate-passed version of the Water Resources Development Act (WRDA) that would require American iron and steel products be used in projects assisted by the Drinking Water State Revolving Fund.
Sources familiar with the negotiations say Speaker Paul Ryan (R-Wis.) is actively pushing to strip the provision from the bill........."
In truth, we should treat steel imports from China as we would iron ore, and re-smelt it in our own electric furnaces, burning out the impurities and the imperfections, then recasting it for our own purposes.
Where would we get the additional electrical energy? From a new series of industrial nuclear power generation plants, powered not by Uranium light-water reactors, but Thorium-fueled Molten Salt reactors. Up and running, the Molten Salt plants can also use up much of the “spent” Uranium fuel rods that are now lying in storage depots all over the US, with no way to otherwise dispose of them, other than keeping them in storage for ten thousand years or so.
Imperial Japan redux.
The Chinese think they are creating a trap and F.O.B. for their military.
They are creating basing for us, after we lull them into executing their trap and take em away...
Maybe we should let the Chinese and Japanese “lose” on each other again...
“Why do we HAVE to buy steel from China?”
We do because the same big business a$$holes who pay off our Congress and our Regulatory Agencies can make even more money using $hit steel and aluminum from China, that’s WHY! So while we’re hanging traitors in our government from lamp posts on PA Avenue in DC, we might want to “interlace them” with guys like Warren Bull$hit, George Soros and the Cock Bros. And a couple of BOOSHES would be o.k. too. Just a thought, mind you!
Maybe it would be wiser if China took a long hard look at North Korea having nukes that can hit the United States and a nut job running the place... (yeah, yeah, the Chinese don’t think he’s a nut job they think he was too young to be thrust into that spot and that he’ll grow up soon...) But that’s not good enough.
To heap irony upon the situation, we could transport Vietnamese army units.
LOL
“China warns of retaliation”
Well considering that China buys NOTHING from the USA, how are they going to retaliate?
Free trade with China goes in only one direction.
“Free Trade” exists only in the minds of academics, think tankers, and K Street types on foreign payrolls.
With respect to steels and metals in general, they had a big problem with the imported steels having false material certifications and false grade stampings on both tubular products and fittings. In other words, a high incidence of counterfeit product. Counterfeit product can get people killed in addition to economic loss. They had resorted to completely separate warehousing of domestic metals and imports. If a customer wanted lowest cost then they got the import and some kind of disclaimer in the contract regarding responsibility for the quality conformance verification shifting from the supplier to the client company.
Harbor Freight stores hardest hit!
We don’t owe them as much as people think. China has only about 10% or less of total U.S. national debt treasuries. About 70% is owned by U.S. citizens. We owe ourselves for the most part.
That would build an AWFUL lot of warships!
“Then threaten to renounce our debt to them.’”
You win the prize. That is the most damaging thing the US could do to China. It would cause the Chinese banks to collapse. It would have other serious repercussions - other nations might not want to buy US debt thereby forcing the US to balance its budget, but I am not sure that is a bad thing.
I never understood how China could buy ore, process it, cheaper than the placed where it was mined from. There are iron mines in Mexico selling exclusively to China, Korea, and Japan while a huge steel plant was shut down at the same time.
I can appreciate that Japan has high standards for their cars that the Mexican plant couldn’t provide but not the Chinese.
Of interest is the fact that alloy steel was not mentioned. I thought alloy steel producers also had a problem with dumped imports.
Of interest is the EEU. On their MTR form, the original point of ladle is required to be noted. There are large steel users that will not permit the purchase of steel with such a ladle origin in China.
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