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One percent

Trump: balls of steel

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22 minutes ago, One percent said:

http://www.bbc.co.uk/news/world-us-canada-43249614

President Donald Trump has said he will sign off on steep tariffs on steel and aluminium imports next week, hitting producers like Canada and China.

Flanked by US metals executives at the White House, he said a 25% tariff would be slapped on steel products, and a 10% tariff would be imposed on aluminium.

Mr Trump tweeted that the US was suffering from "unfair trade".

 

now, if our spineless lot had done this, they might have been able to save our steel industry 

Parts off it is doing well but every little helps (energy prices are the real problem) it`s a pity we sold all our power stations  to johnny foreigner 

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1 minute ago, Long time lurking said:

It`s for every producer ,my bet would be China`s biggest export market is the USA 

It`s more about increasing US jobs

I don’t have a problem with that. 

You either create the jobs or let your populace go feral sitting at home on bennies. Create work and keep them occupied. 

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It certainly is an interesting development.

Trump is responding to almost certain dumping by China.

However, enough people (in the media and politics) hate Trump, so they'll dismiss his actions as raw protectionism. The people who know will be silenced by the ignorant majority baying for Trump's neck.

The interesting thing will be how China responds.  If there was acceptance that dumping was occurring then China's actions would be limited, beyond a simple tit-for-tat.  However, the press will be on their side -- I guess they'll use this to their advantage.

The other interesting thing is that China has been developing it's markets way beyond the USA and EU over the last 10 years -- they've increased home demand significantly and created new markets (albeit complex ones) in developing countries.  Could China afford to really muck about with the US now?  

[I have this pet theory that the next black swan will be the east rapidly developing a revulsion to the west's financial services industry, including moving to a Yuan standard.  That would probably break most of the west, as we're all so very dependent on them selling real stuff to us in exchange for financial products (eg, bonds).]

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19 minutes ago, dgul said:

It certainly is an interesting development.

Trump is responding to almost certain dumping by China.

However, enough people (in the media and politics) hate Trump, so they'll dismiss his actions as raw protectionism. The people who know will be silenced by the ignorant majority baying for Trump's neck.

The interesting thing will be how China responds.  If there was acceptance that dumping was occurring then China's actions would be limited, beyond a simple tit-for-tat.  However, the press will be on their side -- I guess they'll use this to their advantage.

The other interesting thing is that China has been developing it's markets way beyond the USA and EU over the last 10 years -- they've increased home demand significantly and created new markets (albeit complex ones) in developing countries.  Could China afford to really muck about with the US now?  

[I have this pet theory that the next black swan will be the east rapidly developing a revulsion to the west's financial services industry, including moving to a Yuan standard.  That would probably break most of the west, as we're all so very dependent on them selling real stuff to us in exchange for financial products (eg, bonds).]

Genuine question how would that work ,as the Yuan is not a traded/floated currency  surely they would have to do that first 

 

 

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What is "dumping"..  I thought it was just propaganda language to justify restriction of free market trade?

Why would a company continuously sell at a loss?  If subsidised by the state..  better for us surely?  We get Chinese subsidised steel.   In that case we should just fund local producers just enough to keep them ticking over so we don't lose our infrastructure..  or is that dumb?

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Artivle on ft.

Attracting the usual collection of Trump is a buffoon, Does he not believe in fair trade...

Idiots.

Chinas the most bent, corrupt trading economy going. Try buying a noodle dhop in beijing, never mind a steel mill.

Steel us a strategic commodity. Chinas dumb fuck central planning and massive credit bubble is dumping tge stuff everywhere.

You really need hefty tariffs to stop being drsgged down chinas toilet.

Ypu had the same volection of morons disparing at trump and celebrationg Xi, when dl china pres did his free trade speech.

Absolutely no comment as Xi looks to power and empire for life move.

5 minutes ago, Libspero said:

What is "dumping"..  I thought it was just propaganda language to justify restriction of free market trade?

Why would a company continuously sell at a loss?  If subsidised by the state..  better for us surely?  We get Chinese subsidised steel.   In that case we should just fund local producers just enough to keep them ticking over so we don't lose our infrastructure..  or is that dumb?

Chinas doing something very insane, more do than Japan.

World needs protecting from it.

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37 minutes ago, dgul said:

It certainly is an interesting development.

Trump is responding to almost certain dumping by China.

However, enough people (in the media and politics) hate Trump, so they'll dismiss his actions as raw protectionism. The people who know will be silenced by the ignorant majority baying for Trump's neck.

The interesting thing will be how China responds.  If there was acceptance that dumping was occurring then China's actions would be limited, beyond a simple tit-for-tat.  However, the press will be on their side -- I guess they'll use this to their advantage.

The other interesting thing is that China has been developing it's markets way beyond the USA and EU over the last 10 years -- they've increased home demand significantly and created new markets (albeit complex ones) in developing countries.  Could China afford to really muck about with the US now?  

[I have this pet theory that the next black swan will be the east rapidly developing a revulsion to the west's financial services industry, including moving to a Yuan standard.  That would probably break most of the west, as we're all so very dependent on them selling real stuff to us in exchange for financial products (eg, bonds).]

Is the Yuan in any fit state to be a reserve currency? I thought it was just about the most fecked currency on earth. 

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9 minutes ago, Libspero said:

What is "dumping"..  I thought it was just propaganda language to justify restriction of free market trade?

Why would a company continuously sell at a loss?  If subsidised by the state..  better for us surely?  We get Chinese subsidised steel.   In that case we should just fund local producers just enough to keep them ticking over so we don't lose our infrastructure..  or is that dumb?

If the state has got deep enough pockets, then you can eventually bankrupt/buy out your competitors in the target country. At that point, you jack up prices and make a fortune.

"Keeping local infrastructure ticking over" is not really an option - for example, a lot of a industry's value is the expertise of the people working in it. You can keep the steel mills mothballed, but if the steel workers have gone away and become estate agents, they're generally not coming back.

Edited by DeepLurker

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1 minute ago, DeepLurker said:

If the state has got deep enough pockets, then you can eventually bankrupt/buy out your competitors in the target country. At that point, you jack up prices and make a fortune.

Yep.

See Hunt brothers silver

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2 minutes ago, DeepLurker said:

If the state has got deep enough pockets, then you can eventually bankrupt/buy out your competitors in the target country. At that point, you jack up prices and make a fortune.

👍

what he says... 

also the cost to us is that we have people who should be productive sucking up the production of those in work through the benefit system. 

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2 minutes ago, Great Guy said:

Why should steel workers in the developed world lose their jobs because China doesn't have environmental regulations?

Well that is a massive problem as in we have priced our self out of the game when you are not competing on a level playing field 

IMO this is why Trump would not sign the kyoto treaty ?

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Trump has an open goal here. He's not shy. We build factories to make stuff in the US and it gives us jobs etc etc and it may cost you a bit more but would you rather have that than slightly cheaper cars and a Detroit that's booming or a Detroit that's a cesspit. 

Lots of flags , national anthem. Easy. 

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25 minutes ago, spygirl said:

Chinas doing something very insane, more do than Japan.

World needs protecting from it.

What?  They have a steel surplus because construction has dipped and they are over producing?

To play devils advocate,  should the world impose anti dumping tariffs on the US for flooding the market with shale gas and driving less viable off shore projects into closure?

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1 minute ago, Libspero said:

What?  They have a steel surplus because construction has dipped and they are over producing?

To play devils advocate,  should the world impose anti dumping tariffs on the US for flooding the market with shale gas and driving less viable off shore projects into closure?

Us consumes its shale gas. Petrol is not exported in any volume. Exports are banned.

2 minutes ago, ccc said:

Trump has an open goal here. He's not shy. We build factories to make stuff in the US and it gives us jobs etc etc and it may cost you a bit more but would you rather have that than slightly cheaper cars and a Detroit that's booming or a Detroit that's a cesspit. 

Lots of flags , national anthem. Easy. 

Indeed esp. Considering how fucked over joe 6pack has been the last 20 years.

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26 minutes ago, Great Guy said:

Why should steel workers in the developed world lose their jobs because China doesn't have environmental regulations?

Pretty ironic when we've spent the last few decades offshoring all of our pollution to China..  but in the context of this debate,  yes your argument has some merit,  though China are very rapidly becoming environmentally aware.  They have quite major pollution problems so it's in their interest.

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2 minutes ago, spygirl said:

Us consumes its shale gas. Petrol is not exported in any volume. Exports are banned.

Would you support anti dumping tariffs on what they do export given the global market distortion it caused?

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4 minutes ago, Libspero said:

Would you support anti dumping tariffs on what they do export given the global market distortion it caused?

Us tradeable petrol is nothing.

They only affect market by not importing rather exporting.

Edited by spygirl

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32 minutes ago, DeepLurker said:

"Keeping local infrastructure ticking over" is not really an option - for example, a lot of a industry's value is the expertise of the people working in it. You can keep the steel mills mothballed, but if the steel workers have gone away and become estate agents, they're generally not coming back.

Specialty metals, perhaps..  I'm not sure that regular stainless steel production is especially difficult.  I'm pretty sure we could resurrect any mothballed heavy industry in the UK if we invested the money.   No one will invest the money though because we are not globally competitive when it comes to low skill manufacturing.

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7 minutes ago, spygirl said:

Us consumes its shale gas. Petrol is not exported in any volume. Exports are banned.

Indeed esp. Considering how fucked over joe 6pack has been the last 20 years.

Yes. He already has 50% voting for him.  

A few real tangible successes and the next term is a shoe in. If even a tiny number of democrat voters start thinking - fuck this guy may actually have the odd decent idea - then it's game over for the next election. 

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1 minute ago, spygirl said:

Us tradeable petrol is nothing.

They only affect market by not importing rather exporting.

Ok..  let me try from a different angle..     US aircraft,  developed using money from state funded defence research makes it very difficult for other nations to compete in civil aerospace manufacture.  Should we impose anti dumping tariffs on US civil aircraft exports?

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He is certainly a doer.

Not being a politician means he can side-step some of the idiocies globalists have persued. Imagine his progress without all the crap he's had to put up with from butthurt Democrats, hostile media and SJWs.

Edited by Alonso Quijano

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