Trump announces tariffs

[Raoul Duke MU]

Annnnnd here we go....it's needed but it is going to be messy (and I hope people understand that)

https://www.cnn.com/2018/03/01/politics/steel-aluminum-trade-trump-chaos/index.html

 

[Brushy Bill]

Tariffs have gotten such a bad rap over the decades even though they were integral in building America into the economic power that we became. People don't have any idea about the American System at all. I'd rather see blanket tariffs rather than targeted tariffs though.

 

[HerdBuckeye]

Tariffs have gotten such a bad rap over the decades even though they were integral in building America into the economic power that we became. People don't have any idea about the American System at all. I'd rather see blanket tariffs rather than targeted tariffs though.

Are you an economist?

 

[Brushy Bill]

Are you an economist?

I like to read.

 

[HerdBuckeye]

I like to read.

Dr Suess??

 

[dherd]

THE TRUMP MOB MUST HAVE GONE SHORTED A TON OF STOCK THIS WEEK.

WASHINGTON — President Trump said on Thursday that he will impose stiff tariffs on imports of steel and aluminum, thwarting some of his top pro-trade advisers and rattling stock markets as the prospect of a global trade fight loomed.

Mr. Trump said he would formally sign the trade measures next week and promised they would be in effect “for a long period of time.” The measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.

Shares of Boeing and of American automakers, all large consumers of steel and aluminum, declined. Sales for Boeing, the country’s largest exporter, could be hurt as other nations retaliate against tariffs from the United States.

 

[Raoul Duke MU]

Tariffs have gotten such a bad rap over the decades even though they were integral in building America into the economic power that we became. People don't have any idea about the American System at all. I'd rather see blanket tariffs rather than targeted tariffs though.

Well, well....here's something we can agree on. Although I would like to see Canada excluded from these particular tariffs, as far as national security goes targeting Canada is pretty weak.

 

[countryroads89]

Are you an economist?

LOL!

He’s a professional I sit in my mom’s basement playing on the internet all day.

 

[Brushy Bill]

LOL!

He’s a professional I sit in my mom’s basement playing on the internet all day.

Listen, you culture-perverting freak show, if brains were C4, you wouldn't have enough to blow your nose.

 

[big_country90]

From the article:

"The tariffs will amount to perhaps the most substantive and wide-reaching trade action Trump has taken to date, making good on another key campaign promise."

Someone alert riflearm. Yet another campaign promise kept.

 

[Raoul Duke MU]

From the article:

"The tariffs will amount to perhaps the most substantive and wide-reaching trade action Trump has taken to date, making good on another key campaign promise."

Someone alert riflearm. Yet another campaign promise kept.

Someone alert Republicans: this is not something Republicans claim to support.

Seriously though, I am surprised you would be bragging about this. You seem like a full-on free-market guy.

 

[HerdBuckeye]

US steel stock downgraded this morning by Bank of America.

Trade wars are easy to win according to Trump.

 

[i am herdman]

I am all for this. USA. I like our workers, our unions, and our country more than Chinc and Gook steel. Plus, we might need tanks and battleships again.

 

[i am herdman]

Someone alert Republicans: this is not something Republicans claim to support.

Seriously though, I am surprised you would be bragging about this. You seem like a full-on free-market guy.

You know I am all in for this. Playing field has not been level. We need to protect our workers and steel is vital national interest.

 

[Raoul Duke MU]

I am all for this. USA. I like our workers, our unions, and our country more than Chinc and Gook steel. Plus, we might need tanks and battleships again.

It's not just military. Infrastructure, construction, a manufacturing base are all part of national security. If half the world decides to strangle us by denying us steel and aluminum, we are in deep trouble. I don't know why free-market people think every other nation is going to always play nice.

On the flip side, this is what the metals industry said it wanted. Now they better do their part and start investing in the USA.

 

[Raoul Duke MU]

You know I am all in for this. Playing field has not been level. We need to protect our workers and steel is vital national interest.

You've never been a dedicated free-market guy.

 

[Dreh_Nagi_HC_IM]

You boys will never understand how trump operates. China has screwed us for decades. Trump says and does things to get them and everybody else to the table. China needs us, so this is ultimately going to be another means of evening the playing field.

Support the USA.

 

[Brushy Bill]

Are you talking about free markets or free trade?

 

[big_country90]

Someone alert Republicans: this is not something Republicans claim to support.

Seriously though, I am surprised you would be bragging about this. You seem like a full-on free-market guy.

This is one of those issues that I’m indifferent on, like the death penalty.

 

[Brushy Bill]

Good read about the underlying national security issue involved in this decision.

The World Cries Wolf on U.S. Tariffs

 

[raleighherdfan]

Not a fan of proposed tariffs on Canada.

 

[Brushy Bill]

Not a fan of proposed tariffs on Canada.

Why?

 

[Brushy Bill]

Will the Trump tariffs substantially increase the cost of vehicles and stoke inflation?
Click ^^^

The current price of steel is around $800 per ton, and the price of aluminum is 97 cents per pound. The average car uses around one ton of steel and close to 400 pounds of aluminum. The average truck uses around one and one half tons of steel and just under 400 pounds of aluminum.

So if the price of the steel in a car went up the whole 25%, which it won't, and the price of aluminum went up the entire 10%, the cost would go up by about $240, or less than five tenths of a percent. The cost of a truck would go up around $340. According to Edmunds, the average car loan today is six and a half years. or 78 months, so the average payment would be up around $3 per month because of the tariffs, or 10 cents a day. Since people keep their cars for a long time, the tariffs will add little to overall inflation. Thank goodness Trump gave a big tax cut, which will more than cover that..



But the sky is falling, right fellas?

 

[countryroads89]

So if the price of the steel in a car went up the whole 25%, which it won't,


You need to read better sources.

Dumb.

 

[Brushy Bill]

So if the price of the steel in a car went up the whole 25%, which it won't,


You need to read better sources.

Dumb.

I don't take advice from the mentally retarded.

 

[Raoul Duke MU]

This is one of those issues that I’m indifferent on, like the death penalty.

This does not fit well with your fandom of Ayn Rand.

 

[big_country90]

This does not fit well with your fandom of Ayn Rand.

I'm multi-faceted.

 

[Raoul Duke MU]

I'm multi-faceted.

Apparently

 

[raleighherdfan]

Why?

Why?

Because they aren’t the problem for one. A lot still to be determined with this proposal. Let’s see what actually happens.

 

[ohio herd]

I am in favor of making the playing field level. If other countries are dumping steel here at a below market cost so they can drive us out of business I say stick it to them. No doubt we need the steel industry in the USA