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Hope this is a bluff
10 months ago  ::  Feb 27, 2018 - 9:00AM #1
louisiana_lightning
Posts: 13,151
money.cnn.com/2018/02/16/news/economy/st...

Trump made campaign promises to impose tariffs and now is being encouraged to on steel.  These protectionist policies would be as destructive to the economy as the regulations of the Obama administration.  The tariffs don't work, they protect our industries from having to innovate and raise the prices of all goods made with steel.  Hopefully if they go through with it we will see composites eat into a larger portion of the steel industry's customers.  Tariffs on imported sugar along with subisides on corn replaced sugar with corn syrup in most US mass produced recipes wiping out much of the sugar industry in Florida, Texas, and Hawaii.

Trump already did the tariff on solar panels and washing machines which I hope harms those industries here.  It is unethical economic warfare that embargoes your own people and if there is any justice never works as planned because we have free will and alternatives.


10 months ago  ::  Feb 27, 2018 - 1:08PM #2
MajorYankFan
Posts: 30,138

 destructive to the economy as the regulations of the Obama administration


Now that is funny.


Image result for people laughing gif



Generally, regulations are opposed by spoiled brats,


supply-side socialists, who are too lazy to clean-up their


own rooms and want others to do it for them.

10 months ago  ::  Feb 27, 2018 - 4:04PM #3
NW
Posts: 13,046

We should be imposing tarrifs on foreign steel to help rebuild the steel industry in this country.  Kudos to Trump for supporting it.

10 months ago  ::  Feb 27, 2018 - 5:46PM #4
louisiana_lightning
Posts: 13,151

Feb 27, 2018 -- 4:04PM, NW wrote:


We should be imposing tarrifs on foreign steel to help rebuild the steel industry in this country.  Kudos to Trump for supporting it.




Why will it work now?  This will be inflationary for American made goods and make our products less competitve as exports.  The Republicans should have learnt their lessons with tariffs in the 30s and 80s.

10 months ago  ::  Feb 28, 2018 - 1:31PM #5
Max
Posts: 40,898

I agree with Trump. Tariffs are worth a try if they will create more manufacturing jobs in the US. 

.
10 months ago  ::  Feb 28, 2018 - 1:44PM #6
louisiana_lightning
Posts: 13,151

Feb 28, 2018 -- 1:31PM, Max wrote:


I agree with Trump. Tariffs are worth a try if they will create more manufacturing jobs in the US. 




They don't, they just make us less competitive globally.

10 months ago  ::  Feb 28, 2018 - 3:34PM #7
Max
Posts: 40,898

Feb 28, 2018 -- 1:44PM, louisiana_lightning wrote:


Feb 28, 2018 -- 1:31PM, Max wrote:


I agree with Trump. Tariffs are worth a try if they will create more manufacturing jobs in the US. 




They don't, they just make us less competitive globally.




I said they were worth a try because if you're right and Trump is wrong he can always end the tariffs. 

.
10 months ago  ::  Feb 28, 2018 - 4:18PM #8
NW
Posts: 13,046

If you don't like tariffs, how about surcharges for companies that don't use American steel?

10 months ago  ::  Feb 28, 2018 - 4:38PM #9
louisiana_lightning
Posts: 13,151

Feb 28, 2018 -- 4:18PM, NW wrote:


If you don't like tariffs, how about surcharges for companies that don't use American steel?




The world makes about 95 million cars annually and the USA makes about 12 million of them or about 13%.  How do we make our cars more competitive by making it more expensive to build them here?  I understand there are about 9 countries that provide us more steel than China.  How are we helping the steel industry by shielding them from competitors that are cheaper even with added shipping costs?   Steel tariffs punish companies that make products from steel.  We purchase about 17.5 million cars annually as a nation.  It is my belief that tariffs temporarily shield industries from competition making needed innovations less of a priority but for an industry that produces a production material it makes their customers, the manufacturers less competitive than those  using cheaper materials.  I believe that the last wave of steel tariffs hurt the steel industry because we became globally less competitive with finished products made of steel like cars, appliances, and electronics.

10 months ago  ::  Mar 01, 2018 - 10:06AM #10
ArtVandelay
Posts: 31,096

sounds like it's time for Cash for Clunckers II! 

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