So know you know the truth. Please stop spreading lies.
Posted on 02/21/2018 11:47:25 AM PST by TBP
The stronger economy we’re enjoying now is no accident. Lower taxes, more jobs and fewer regulations are creating a much-needed boost. So why do we still have one foot on the brake?
I’m referring to trade. Protectionist measures act as a drag on our progress. Indeed, they threaten to undo much of it.
Consider the tariffs and quotas that the Trump administration recently slapped on imports of solar cells and modules, large residential washers, and washer parts. The price? As researcher Tori Whiting notes in a Daily Signal article, we get fewer jobs (roughly 23,000 American jobs this year, according to the Solar Energy Industries Association), higher prices for U.S. consumers, and retaliation from America’s trading partners.
Five of those partners — China, Taiwan, Singapore, South Korea and the European Union — have filed complaints with the World Trade Organization over these tariffs. This begins the long process of determining if the U.S. is violating Section 201 of the 1974 Trade Act. If the answer is yes, these countries can begin putting retaliatory restrictions on our exports to them. That’s hardly a recipe for economic growth here in the U.S.
Or look at the steep tariffs the administration has levied on Canadian softwood lumber imported into the U.S. American lumber companies might cheer this, but how does it affect U.S. consumers? These tariffs “reach deep into new homebuyers’ pockets, causing them to settle for smaller homes, or ones with fewer amenities,” writes researcher Patrick Tyrell. “Some families opt to buy older homes, rather than new homes, hurting home construction jobs. Others drop out of the market altogether.”
(Excerpt) Read more at washingtontimes.com ...
We put tariffs on softwood lumber coming out of Canada last year. Lumber prices went from $350 in June to now over $500.
http://www.cmegroup.com/trading/agricultural/lumber-and-pulp/random-length-lumber.html
But employment in wood products manufacturing was lower in Jan 2018 than in January 2017.
https://www.bls.gov/news.release/empsit.t17.htm
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
Ideologically I agree with you.
Actually, wood products went up 1.3% according to your link.
FYI, sawmill employment has not gone up much because there is actually a shortage of timber over the last year. The only production increases are starting to happen in the southern US pine mills.
It is very difficult to find people who want to work in a sawmill. Most are in remote towns with a small labor pool. In Oregon and Washington it is hard to hire people that can pass a drug test. People do not want to do physical labor.
The same factors affecting hiring in the wood products industry are similar in the trucking industry. Trucking companies are offering signing bonuses and can not find enough drivers. Would you want to put a pot smoker behind the wheel of a $150K tractor pulling a $75K trailer hauling 48m lbs of cargo?
Everyone is holding out for a management position.
Actually it hampered the mercantilist British economy and lead the way for America to take over as a leading manufacturer.
“The trouble with tariffs. Tariffs are taxes.”
Maybe, but if other countries are placing tariffs on you, you have to tax them back. Trade is not a one way street.
I’m bert
Actually,I feel close to the President who like me is a man of the world and understands even better than me, that business makes the world go round. So far as I can recall, I never opposed Trump.
I never believed he would impose blanket tariffs simply because they would not be tolerated by those platoons of CEO’s that one after another came to be heard early on. He has imposed specific tariffs and that will be his way forward.
Many here are so hung up on their narrow and often just ignorant views of international trade that they can’t grasp the scope and breadth of American business involvement. It is impossible to educate such folk because their individual situations do not permit the time and hands on experience necessary for an understanding.
I can’t quite grasp how you would think I favor Amnesty. I guess I’m like Rush and have detractors that just make stuff up. Your failure to grasp my thoughts illustrates my point. You simply do not grasp the reality and complexity of world affairs to effectively and correctly comment
Again you are showing your stupidity about trade and economics. But you knew this already so really you are another globalist liar.
Everything is dynamic. If domestic timber is worth that much more supply will catch up. I have faith in the laws of economics and the law of supply and demand. Too bad you don’t. You Free Traitors™ like to portray everything in economics as static. That is your game.
Free Traitors™ are like rapists. They hate it when the bitch complains and doesn’t just lay back and enjoy it. Same mentality.
Take off the tariffs I currently have to pay for imported goods that I can no longer get manufactured in the USA, and I will be be hiring quite a few more Americans to work at good operations and logistics and sales and even IT jobs.
Raise them higher (as many on this site demand) and American factories will not magically appear to meet the demand - because people like me will be out of business and unable to buy their products, anyway.
Jeeves if you bothered to do ANY research at all there are basically no duties collected on goods and services imported to the USA. It’s a sick joke. The rate that USA sets it’s import tariffs are so low they currently only collect 1% on the total value of imports. ONE PERCENT. Our imports OTH face, on average, 8% duty overseas. So now you know the truth. Please stop spreading misinformation.
>>>Actually, wood products went up 1.3% according to your link
That was the month-to-month growth. I was referring to year-over-year data.
So if timber is hard to come by and it’s also hard to find workers, why are we punishing home buyers? It seems the only ones benefiting from this are the shareholders of the lumber companies.
I'm not sure where you get this 1% number, but it must be for some product Goldman Sachs and JP Morgan are making buckets of money on.
The curious can find all of the tariff rates in the Harmonized Tariff Schedule of the United States.
So we need permission to do business?
So know you know the truth. Please stop spreading lies.
You are correct. Lumber is at or very close to all time record high prices. The duties are just not the only reason. There are multiple factors involved. One of the biggest is demand is up in the US and Canada.
But you aren't talking about using tariffs to punish Britain or Japan, are you? The rates on goods from the country you do want to punish are already much higher than 1%, and a search of the schedule will easily show this.
What matters is the overall collection of duties which annually amounts to almost NOTHING. You are acting like an obdurate moron and as such are making it impossible to have civil conversation about a very important and complex subject.
This explains my secondary opposition to tariffs. The idea they are their to “protect workers” comes right out of union propaganda. They exist to protect certain industries with close relations with the government. To the detriment of consumers, and yes, businesses that rely on over inflated inputs.
Not again nominal tariffs as a way to raise government revenue of rates under 10%.
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