Trump move to correct China trade imbalance

j.p.
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Trump move to correct China trade imbalance

Post by j.p. » Mon Mar 05, 2018 1:48 pm

By slapping tariffs on steel imports from Canada

k.d.
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Re: Trump move to correct China trade imbalance

Post by k.d. » Mon Mar 05, 2018 3:34 pm

What is this? More fake news.
“Everything government touches turns to crap.”

― Ringo Starr

j.p.
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Re: Trump move to correct China trade imbalance

Post by j.p. » Mon Mar 05, 2018 4:24 pm

k.d. wrote:
Mon Mar 05, 2018 3:34 pm
What is this? More fake news.
No

k.d.
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Joined: Wed Sep 20, 2017 12:19 pm

Re: Trump move to correct China trade imbalance

Post by k.d. » Mon Mar 05, 2018 5:21 pm

I've seen nothing even remotely close to this headline. Besides, it absolutely makes no sense.
“Everything government touches turns to crap.”

― Ringo Starr

j.p.
Posts: 378
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Re: Trump move to correct China trade imbalance

Post by j.p. » Tue Mar 06, 2018 7:37 am

k.d. wrote:
Mon Mar 05, 2018 5:21 pm
I've seen nothing even remotely close to this headline. Besides, it absolutely makes no sense.
This is a great example of why running for political office is cool. You can say anything you want and Americans will forget. Trumps gets an extra boost right out of the gate given that most of his supporters are not very smart.

His said a lot of shit, but the brunt of his trade policy was China. Tariffs will not affect China at all, especially since China is a very minor exporter of steel to the US. Canada is the largest exporter.

This tariff is almost universally expected to cause us to lose jobs, raise prices and increase inflation. But it's all about the base.

k.d.
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Re: Trump move to correct China trade imbalance

Post by k.d. » Tue Mar 06, 2018 10:25 am

Did you miss his constant yapping on the campaign trail about lousy trade agreements the government had made and his promise to correct them to make better deals? Did you miss his yapping about NAFTA and the Chinese? The only surprise should be that a politician is doing what he said he was gonna do.
“Everything government touches turns to crap.”

― Ringo Starr

j.p.
Posts: 378
Joined: Wed Sep 20, 2017 1:40 pm

Re: Trump move to correct China trade imbalance

Post by j.p. » Tue Mar 06, 2018 10:36 am

k.d. wrote:
Tue Mar 06, 2018 10:25 am
Did you miss his constant yapping on the campaign trail about lousy trade agreements the government had made and his promise to correct them to make better deals? Did you miss his yapping about NAFTA and the Chinese? The only surprise should be that a politician is doing what he said he was gonna do.
How could I miss it ? It was one of his most spectacular lines of deplorable fluffing bullshit.

Steel tariffs do not affect China. He said we were dropping out of NAFTA during the campaign, we are not. If he cared about MAGA he would drop all of this crap. No worries, his base would forget.

k.d.
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Re: Trump move to correct China trade imbalance

Post by k.d. » Tue Mar 06, 2018 11:32 am

Let's be honest here. What Trump said is that if NAFTA couldn't be renegotiated we would drop out. He has threatened China with tariffs but none have been imposed. Relax, dude.
“Everything government touches turns to crap.”

― Ringo Starr

k.d.
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Re: Trump move to correct China trade imbalance

Post by k.d. » Tue Mar 06, 2018 2:21 pm

And then there is this by Tyler Durden at Zero Hedge:

As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind.

On Tuesday, as China was trying to define its future trade relations with the US, it was delivered a broadside from the European Commission after Brussels announced it had renewed tariffs on Chinese steel imports, some as high as 71.9%, saying producers in France, Spain and Sweden face a continued risk of imports from China at unfairly low prices. Ironically, that's the same thing that Trump is saying.

The original measures, imposed last April, saw Europe setting anti-dumping duties on imports of hot-rolled flat steel products from China at a higher rate than the preliminary tariffs already in place. The European Commission explained it had set final duties of between 18.1% and 35.9% for five years for producers including Bengang Steel Plates, Handan Iron & Steel and Hesteel. This compared with lower provisional rates in place of 13.2 to 22.6%, following a complaint by EU producers ArcelorMittal, Tata Steel and ThyssenKrupp.

Fast forward to today when Bloomberg reported that the European Commission reimposed for another five years the duties, which punish Chinese exporters including Huadi Steel for allegedly dumping pipes and tubes in Europe; the levies range from 48.3% to 71.9%, depending on the Chinese exporter.

"The repeal of the measures would in all likelihood result in a significant increase of Chinese dumped imports at prices undercutting the union industry prices," the commission - the 28-nation EU’s executive arm in Brussels - said in the Official Journal; the five-year renewal will take effect on Wednesday.

And even though China’s share of the EU market for stainless steel seamless pipes and tubes has been negligible, and hovering at around 2% since 2013, Brussels had no problem with pursuing what it thought was fair remedies, oblivious of the blowback. And now we turn our attention back to Washington, and whether Trump will do the same.
“Everything government touches turns to crap.”

― Ringo Starr

k.d.
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Re: Trump move to correct China trade imbalance

Post by k.d. » Thu Mar 08, 2018 3:28 pm

All countries hit by US metals tariffs can negotiate exclusions: AP report
https://www.reuters.com/article/us-usa- ... SKCN1GK2VA
Looks like you started this thread off with some Fake News.
“Everything government touches turns to crap.”

― Ringo Starr

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