Trump’s tariffs are already backfiring
- Thread starter mentalfloss
- Start date
He used them to get the US back into the game what is wrong with that? Why should Canada benefit from the weaker dollar to flood the US market with cheap Steel and Aluminum? Just like now JT wants to stave off cheaper steel from other nations and raised tariffs, so what makes Trudeau in the right while Trump is in the wrong?
The US worker is "out of the game" because of automation (and a sub-standard educational system in which American worker's skill sets fall steadily behind) and not because of foreigners. Blaming outsiders for your own shortcomings is a classic tactic of fascist leaders.
Yeah well they have mills coming out of mothballs and churning out steel again so something must have happened
They have mills in moth balls because they are no longer efficient. Making America less efficient will not help her.
True enough. I've seen all this before when Japanese products were pushing American made goods to the side. Prior to the 1970s the US actually manufactured most of its appliances and automobiles. Japanese products which were cheaper and often better made began to push US-made products aside. The US attempted to resist this by placing tariffs on the imports, tariffs that the Japanese evaded by simply improving their production methods and lowering their price even more. Eventually, as we all know, many American companies simply disappeared or moved their factories out of the country.
The same thing seems to be happening with China. Rather than attempting to compete with the Chinese the Americans are once again trying the same failed tactic. I expect they will have the same success as they had with the Japanese.
Exclusive: U.S. Steel workers set to get biggest pay raise in years - sources
CHICAGO (Reuters) - United States Steel Corp (X.N) workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump’s clampdown on foreign imports are finally trickling down.
https://www.reuters.com/article/us-...gest-pay-raise-in-years-sources-idUSKCN1MQ2Q3
BUSINESS
Steelworkers, U.S. Steel Reach Tentative Contract Agreement
Workers for Pittsburgh-based steelmaker have been pushing for raises amid 25% tariffs on steel imports implemented by the Trump administration
https://www.wsj.com/articles/steelworkers-u-s-steel-reach-tentative-contract-agreement-1539635429
Gee, a total failure of the democrats to wreck the us economy...or even discuss such economic subjects rationally - I blame schools.
CHICAGO (Reuters) - United States Steel Corp (X.N) workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. President Donald Trump’s clampdown on foreign imports are finally trickling down.
https://www.reuters.com/article/us-...gest-pay-raise-in-years-sources-idUSKCN1MQ2Q3
BUSINESS
Steelworkers, U.S. Steel Reach Tentative Contract Agreement
Workers for Pittsburgh-based steelmaker have been pushing for raises amid 25% tariffs on steel imports implemented by the Trump administration
https://www.wsj.com/articles/steelworkers-u-s-steel-reach-tentative-contract-agreement-1539635429
Gee, a total failure of the democrats to wreck the us economy...or even discuss such economic subjects rationally - I blame schools.
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Let's finish than thought ...
"... to make everything else as inefficient as the obsolete, protected industries."
Trump Wins Trade Battle With China
https://dailycaller.com/2018/12/02/trump-scores-trade-victory-with-china/
MAGA I notice Analfloss has given up on losing.
https://dailycaller.com/2018/12/02/trump-scores-trade-victory-with-china/
MAGA I notice Analfloss has given up on losing.
So basically China and the US will continue buying from one another in the same way they did prior to Trump's deal. It looks very similar to the great deals Trump made with North Korea and the NAFTA renegotiation - in other words pretty much nothing.
China continues to displace America in terms of global influence.
https://www.cbc.ca/news/world/g20-china-latin-america-1.4929316
https://www.cbc.ca/news/world/g20-china-latin-america-1.4929316
It's been the strongest economy of the G20 nations since WWII but they are getting weaker. China will pass them in just a couple of years thus ending a rein going back to 1944.