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Thread: Steel Tariffs-- Doing the Same Thing Over and Over

  1. 03-07-2018, 07:30 PM #1
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    Steel Tariffs-- Doing the Same Thing Over and Over

    And expecting different results is defined as insanity.

    If I remember correctly President Bush attempted to play around with tariffs back in 2002.

    A lot more jobs were lost than saved.

    Lamar Alexander, the Republican Senator from Tennessee, recently told the President that there were more than 10 times as many workers in steel-using industries than in steel-producing ones and that during President Bush's experiment with tariffs the steel using industries in the US lost more jobs than exists in steel producing industries.

    President Trump is not a very good historian.


    ( I can't get TxMusky's topics to open to respond there)
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  2. 03-07-2018, 08:13 PM #2
    TxMusky
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    I cant either, I asked Mike to delete them
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  3. 03-07-2018, 08:14 PM #3
    TxMusky
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    The article was about a steel factory in Granite Falls, Illinois going to reopen and recall 500 workers that were laid off in 2015.
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  4. 03-07-2018, 08:22 PM #4
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    Pissing off the world to save 500 jobs?
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  5. 03-07-2018, 08:27 PM #5
    TxMusky
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    Oh would you be happier with the rest of the world screwing us? SO we just take it in the shorts so the world does not get upset with us? Screw them, they can learn to live with treating our products fairly or pay the price. You ever wonder why so many are upset here? Maybe they are getting some under the table cut, to make sure we stay deaf and dumb.
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  6. 03-07-2018, 09:36 PM #6
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    How much steel do we produce? Very little?
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  7. 03-07-2018, 10:11 PM #7
    TxMusky
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    Yes very little because the regulations and unfair trading had killed the steel industry.
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  8. 03-07-2018, 11:19 PM #8
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    Go back and study the effect President Bush's steel tariffs had on all the steel using industries here in America and the number of jobs that were forever lost because of them.

    Recalling 500 that were laid off in 2015? Before the tariffs are even put into effect?

    Why would the manufacturing here in America not move offshore and enjoy a 25% decrease in steel costs and then import their products into America?
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  9. 03-17-2018, 05:38 PM #9
    Kevin
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    What killed the steel industry?

    https://www.seattletimes.com/busines...ot-from-trade/

    Tariffs are a feel good policy. It won't address the underlying problem.
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  10. 03-17-2018, 09:04 PM #10
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    Same as our lumber industry, eco wackos. Trump is cleaning up some of this, but were still waiting here for a new mill.
    Old redneck hillbilly borned and raised on a redwood stump.
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  11. 03-17-2018, 09:09 PM #11
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    Quote Originally Posted by Kevin View Post
    What killed the steel industry?

    https://www.seattletimes.com/busines...ot-from-trade/

    Tariffs are a feel good policy. It won't address the underlying problem.
    Damn!! I get shown the door the same week Kevin shows back up.

    Excellent article Kevin.

    That was the problem with the lack of competition within the steel industry. The whole "shareholder value" is a problem in all industries today and will get even worse as years go by.

    The loss of jobs due to tariffs are mostly felt in the steel using industries such as heavy equipment and automobiles that can be made outside the US and imported with a 25% savings in material.

    Good to see you back Kevin. It is always informative to see your posts and your outlook is spot on.

    Ok, OK I'm out of here.
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  12. 03-17-2018, 09:24 PM #12
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    You were not shown the door, Don. Cautioned would be a better term.
    The only way of discovering the limits of the possible is to venture a little way past them into the impossible - Arthur C. Clarke
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  13. 03-17-2018, 09:27 PM #13
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    Quote Originally Posted by Mike View Post
    You were not shown the door, Don. Cautioned would be a better term.
    If Kevin is back I will be content to lurk and learn.
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  14. 03-17-2018, 10:09 PM #14
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    Quote Originally Posted by Kevin View Post
    What killed the steel industry?

    https://www.seattletimes.com/busines...ot-from-trade/

    Tariffs are a feel good policy. It won't address the underlying problem.
    Then the rest of the world must be having a good feel good because they use the hell out of them all the time
    OPINION....a view or judgment formed about something, not necessarily based on fact or knowledge.
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  15. 03-17-2018, 10:25 PM #15
    Dork
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    Quote Originally Posted by Kevin View Post
    What killed the steel industry?

    https://www.seattletimes.com/busines...ot-from-trade/

    Tariffs are a feel good policy. It won't address the underlying problem.
    Forbes says "vertically integrated production" otherwise known as recycling....

    While Bloomberg says

    Considered in the context of the evolution of steel intensity, it's clear that U.S. metal output isn't declining because of overseas competition, but because as America gets richer, it's buying different stuff.

    Employment is also suffering because the steel the U.S. does still produce is being made more efficiently: Labor productivity in the U.S. primary metal sector has risen from 54 in 1987 to 115 in 2016, according to the Bureau of Labor Statistics.

    And my brother in law who lives in Pittsburgh, who was born there and who's parents/siblings worked in the steel mills....say it was Unions that killed the Pittsburgh steel industry.....
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