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Trump to impose tariff on steel and aluminium, geaux Trump!

Discussion in 'BBS Hangout: Debate & Discussion' started by Carl Herrera, Mar 1, 2018.

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conquistador#11 Member

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I just like the picture. It's so gangsta'.

#821 conquistador#11, Aug 10, 2018

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American Aluminum Manufacturer Seeks Relief From Tariffs Meant to Help American Aluminum Manufacturers
Alcoa says it needs protection from protectionism. That should be a lesson for the administration.

Alcoa, one of the largest American manufacturers of aluminum, is asking the government for relief from tariffs that were supposed to help American aluminum manufacturers. It turns out that businesses that make aluminum also have to buy things made of aluminum—and those purchases are now more expensive, thanks to Donald Trump's 10 percent tariff on aluminum imports. Alcoa filed five requests for tariff exemptions with the Commerce Department this week, Bloomberg reports. Three of those requests are for types of aluminum that the company says are not available from American suppliers, and two are for aluminum products that are not produced in sufficient quantity by domestic sources. The Pittsburgh-based company wants exemptions so it can import those products and components from a Canadian subsidiary.
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Higher production costs created by tariffs have already forced Alcoa to lower its 2018 profit projections. "The company said in its second-quarter earnings report that it incurred $15 million in costs on material shipped to the U.S.," Bloomberg notes in a separate article. Alcoa's request for protection from Trump's protectionism reveals one of the critical flaws in the White House's plans to use tariffs to boost domestic production of aluminum (and steel, on which the administration has placed a 25 percent tariff): There simply isn't enough American-made aluminum to satisfy the demands of American aluminum-consuming businesses. "Even if all the curtailed smelting capacity in the U.S. was back online and producing metal, the United States would still need to import the majority of its aluminum," Tim Reyes, president of Alcoa's aluminum operations, tells The Wall Street Journal.
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"In the short term, tariffs are more likely to bring older, relatively inefficient steel plants back online than to stimulate new long-term investments, for the simple reason that the president could withdraw the tariffs at any moment," Soumaya Keynes writes in The Economist. Trump's unpredictable trade policies are unlikely to give investors the confidence required to build more steel or aluminum plants in the U.S., and expanding production domestically would duplicate operations that are already set up and running in other places. Rather than spending to build more production here, companies like Alcoa are looking for ways to get around the tariffs or will end up having to absorb—and pass along to consumers—those higher costs.
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https://reason.com/blog/2018/08/10/...on/HitandRun+(Reason+Online+-+Hit+&+Run+Blog)

#822 NewRoxFan, Aug 10, 2018

No Worries likes this.
Carl Herrera Contributing Member

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conquistador#11 said: ↑

I just like the picture. It's so gangsta'.

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When you are the dictator, you get to wear whatever the hell you want. Not so much for everyone else in the country.

#823 Carl Herrera, Aug 10, 2018
Cohete Rojo Contributing Member

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R0ckets03 said: ↑

You're right. All the restaurants which get these price increases (which will be all) will just absorb the cost and not pass it off to consumers.
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In economics this is referred to as “menu cost”.

#824 Cohete Rojo, Aug 10, 2018
AleksandarN Member

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Cohete Rojo said: ↑

In economics this is referred to as “menu cost”.
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Your point is what exactly?

#825 AleksandarN, Aug 11, 2018

R0ckets03 likes this.
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AleksandarN said: ↑

Your point is what exactly?
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That this is an A and B conversation, so please see your way out of it.

#826 Cohete Rojo, Aug 11, 2018
AleksandarN Member

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Cohete Rojo said: ↑

That this is an A and B conversation, so please see your way out of it.
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No I won’t actually. Back to the subject at hand You using a using a term first year college students learn doesn’t really prove any point what’s so ever.

#827 AleksandarN, Aug 11, 2018

Cohete Rojo Contributing Member

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AleksandarN said: ↑

No I won’t actually. Back to the subject at hand You using a using a term first year college students learn doesn’t really prove any point what’s so ever.
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If you know what I am taking about, why then ask such an objectionable question? Provoke much?

#828 Cohete Rojo, Aug 11, 2018
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"Tariffs are the greatest"...

#829 NewRoxFan, Aug 15, 2018
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What... I thought the idea was to get companies to move back to the US...

Illinois manufacturer moving to Mexico over Trump tariffs

A storage safe manufacturer is reportedly planning to shut down two Illinois factories and move to Mexico in response to President Trump’s tariffs on Chinese metal imports. Stack-On Products will close its two Chicago-area plants in October and lay off 153 people, according to the Chicago Tribune. Al Fletcher, human resources director for the manufacturer’s Las Vegas–based parent company, told the newspaper that the company decided to relocate the operations to Mexico after Trump announced tariffs on steel and aluminum, as well as other products, from China.
“The operation is really not profitable,” Fletcher said. “Mr. Trump is part of this.”
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http://thehill.com/policy/finance/i...ufacturer-closing-doors-moving-to-mexico-over

#830 NewRoxFan, Aug 15, 2018

No Worries likes this.
adoo Member

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hot off the press !

https://www.investors.com/market-tr...stock-futures-trade-war-stocks-walmart-cisco/

China and the U.S. appeared set for a grudging step forward in their trade war standoff. The U.S. Treasury Department invited a delegation from China's Ministry of Commerce to Washington. A specific data was not named, although National Economic Council Director Larry Kudlow said talks were scheduled for later this month, according to CNBC. The two countries have not held direct talks since May.

#831 adoo, Aug 16, 2018
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U.S., China Plot Road Map to Resolve Trade Dispute by November

Planned Trump-Xi meetings are aimed at ending spiraling impasse

Chinese / U.S. negotiators are mapping out talks to try to end their trade standoff ahead of planned meetings between Presidents Trump and
Xi Jinping at multilateral summits in November, said officials in both nations.

On Thursday, the two governments announced lower-level trade talks this month aimed at resolving
an escalating tariff war that threatens to engulf all trade between the world's two largest economies.
A nine-member delegation from Beijing, led by Vice Commerce Minister Wang Shouwen, will hold meetings
with U.S. officials led by the Treasury undersecretary, David Malpass, on Aug. 22 / 23, the report said,
citing officials from both countries.

The planning represents an effort on both sides to keep a deepening trade disputes from torpedoing US-China relationship and shaking global markets. ...........

https://www.wsj.com/articles/u-s-china-plot-road-map-to-resolve-trade-dispute-by-november-1534528756

#832 adoo, Aug 18, 2018
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NSFW (our President has a potty mouth as does Oliver)

Need an expert? Head to amazon.com!

#833 No Worries, Aug 20, 2018

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I guess the current trump defense is "who care if he lies?"...

#834 NewRoxFan, Aug 21, 2018
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Not just Japan, but the entire world...

#835 NewRoxFan, Aug 23, 2018
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China's state TV mocks the bumbling boob in video:

'Thanks Mr. Trump, You Are GREAT!' Chinese State Media Mocks U.S. President Over Trade War

A video sarcastically thanking President Donald Trump for starting a trade war—and cheerfully pointing out all the ways China has improved since the tariff battles began—appeared on Chinese state media Monday. Just as the video began to gain popularity, however, it was removed from all platforms, The New York Times reports. China Global Television Network (CGTN), the country’s largest broadcaster, published the English-language video, which began “Thanks Mr. Trump, you are GREAT!” Over unflattering images of the U.S. president, CGTN anchor Cheng Lei continued reading an open letter to Trump. “Thank you for re-instilling in the Chinese a sense of HUMILITY,” she said, according to the South China Morning Post. “How can there be enough gratitude for highlighting the foibles of overconfidence and self-congratulation, never a virtue except in your case.”
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http://fortune.com/2018/08/22/chinese-media-mocks-trump/

#836 NewRoxFan, Aug 23, 2018
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#837 NewRoxFan, Aug 28, 2018

No Worries likes this.
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#838 NewRoxFan, Aug 29, 2018

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#839 NewRoxFan, Sep 2, 2018

FranchiseBlade likes this.
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#840 NewRoxFan, Sep 7, 2018

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