Steel and aluminum tariffs...

[RandomGuy]

I would note the above boycott is specifically targeted to Paul Ryans state, and Mitch McConnel's state. They are not dummies, and the rest of the world will keep targeting red states.

The rest of the world is generally doing the same, as noted. The longer this drags on, the more lasting the damage will be to the US "brand image".

[KenMcCoy]

China might not be able to sustain this fight...

BEIJING—As China girds for an escalating trade fight with the U.S., it is facing increasing trouble on the home front from a slowing economy.


Spending on so-called fixed assets such as factory machinery and public works projects cooled to the lowest point in nearly two decades, the government reported Tuesday.

Other data also pointed to economic challenges. Retail sales grew, but not as sharply as analysts had expected. And unemployment ticked up to 5.1% last month, from 4.8% in June, the National Bureau of Statistics said.

Taken together, the data suggest that China can’t go toe-to-toe in retaliating against U.S. trade levies, said Shuang Ding, an economist with Standard Chartered Bank in Hong Kong.

https://www.wsj.com/articles/chinas-...uly-1534214209

[RandomGuy]

China might not be able to sustain this fight...

BEIJING—As China girds for an escalating trade fight with the U.S., it is facing increasing trouble on the home front from a slowing economy.


Spending on so-called fixed assets such as factory machinery and public works projects cooled to the lowest point in nearly two decades, the government reported Tuesday.

Other data also pointed to economic challenges. Retail sales grew, but not as sharply as analysts had expected. And unemployment ticked up to 5.1% last month, from 4.8% in June, the National Bureau of Statistics said.

Taken together, the data suggest that China can’t go toe-to-toe in retaliating against U.S. trade levies, said Shuang Ding, an economist with Standard Chartered Bank in Hong Kong.

https://www.wsj.com/articles/chinas-...uly-1534214209

"unable to sustain this fight" is wishful, and dangerous, thinking.

They will get to blame the US for any problems they face. We then become a convenient scapegoat, as always happens.

The rest of the world, meanwhile, is more than happy to sign trade agreements and commitments to trade more with each other. The US as a percentage of global GDP has declined, and will continue to do so.

This will mitigate the damage, and efforts have ben undertaken already to negotiate just that among allies and adversaries.

Dunno. I do not see a government concerned with saving face backing down.
.

[boutons_deux]

Illinois manufacturer says it will close its doors and move to Mexico because of Trump tariffs

manufacturers like Stack-On Products, a storage safe manufacturer, begin to close up shop and head on down to Mexico.

“The operation is really not profitable,” Fletcher said.

He said the decision to relocate operations to Juarez, Mexico, was made about two months ago when President Donald Trump announced tariffs on numerous goods and materials from China as well as other countries,

to reduce what the president has called an unfair trade deficit.

“Mr. Trump is part of this,” Fletcher said.

So far, the United States has imposed tariffs on $34 billion of Chinese technology goods and $3 billion of Chinese steel and aluminum, and has proposed another $16 billion.

The Chicago Tribune says that about 153 people will be laid off in the Chicago area as a result of Stack-On’s closures.

But wait, there’s more!

There are at least “885 coming job cuts that Illinois employers reported last month to the state’s Department of Commerce and Economic Opportunity.”

Those numbers come from an act that forces businesses planning on laying off more than 75 workers to give 60 days notice.

https://www.dailykos.com/stories/201...tail=emaildkre

[boutons_deux]

In soybean country, Trump's trade war with China tests patience and nerves

thanks to President Trump’s trade war with China, which has pummeled soybean exports and prices.

Increasingly anxious about his family’s livelihood, the 44-year-old has taken small steps to save money,

such as canceling satellite television and buying a used combine harvester rather than a new one.

One thing hasn’t changed:

his support for Trump, whom Saathoff credits for taking China to task for its unfair trading behavior.

He and some of his fellow farmers are willing to give the president more time to win concessions,

betting that Trump won’t let things get really bad for American soybean farmers,

who export about one-fourth of their crops to the Chinese market. But

he also warned that their patience won’t last forever.
“He’s probably the only president who knew soybean farmers exist,” said the soft-spoken Saathoff.

“I don’t know if we’re ready to rebel or not. But let’s just get the trade policy done.”

http://www.latimes.com/business/la-f...16-story.html#

[boutons_deux]

It’s becoming impossible to import US lobster in China



Island Seafood, a $40 million in annual sales lobster wholesaler that’s been operating on the Maine coast for over 20 years,

got a distressing message from a long-time Chinese customer at the end of July.

“I don’t think there is way to import US lobster,” he wrote.

Chinese customs officials have begun to strictly inspect US lobster, requiring “all kinds” of new do ents, wrote the importer, who represents hotels in major Chinese cities.

Making matters worse, Chinese importers are now being forced to pay tariffs for the lobsters based on a price set by Beijing, not the price agreed with US distributors.

These measures are the Chinese government’s way of fighting back “against the Trump tariff policy,” he explained, “and

we fully support our country since all human being are face challenge [sic] for free trade from Trump government.”

I hope you can understand, he wrote in closing, adding

“I hope the world trade will resume soon, which seems impossible with reign of Trump.”
https://qz.com/1354619/lobster-is-th...ar-backfiring/

[boutons_deux]

Trashs fellators of the tiny orange ( is alleged)

We await your rebuttal:

https://www.youtube.com/watch?v=etkd...Vz-bmzwYCz%3A6

[KenMcCoy]

It’s becoming impossible to import US lobster in China


Island Seafood, a $40 million in annual sales lobster wholesaler that’s been operating on the Maine coast for over 20 years,

got a distressing message from a long-time Chinese customer at the end of July.

“I don’t think there is way to import US lobster,” he wrote.

Chinese customs officials have begun to strictly inspect US lobster, requiring “all kinds” of new do ents, wrote the importer, who represents hotels in major Chinese cities.

Making matters worse, Chinese importers are now being forced to pay tariffs for the lobsters based on a price set by Beijing, not the price agreed with US distributors.

These measures are the Chinese government’s way of fighting back “against the Trump tariff policy,” he explained, “and

we fully support our country since all human being are face challenge [sic] for free trade from Trump government.”

I hope you can understand, he wrote in closing, adding

“I hope the world trade will resume soon, which seems impossible with reign of Trump.”
https://qz.com/1354619/lobster-is-th...ar-backfiring/

Increased supply in the US will lower prices here. I'm all for cheaper tasty lobster!

[boutons_deux]

Companies SICK of SO MUCH WINNING!

Companies Warn More China Tariffs Will Cripple Them and Hurt Consumers

executives from American companies flocked to Washington on Monday to warn the Trump administration that imposing tariffs on an additional $200 billion worth of Chinese goods

would cripple their businesses and raise prices on everything from bicycles to car seats to refrigerators.

Dozens of companies voiced concerns to trade officials during the first of six days of hearings on the administration’s plan to impose tariffs of as much as 25 percent on a wide array of Chinese imports.

The length of the hearing by the United States Trade Representative,

initially scheduled for just three days, was doubled to accommodate the leaders of nearly 400 companies and trade groups who will testify in hopes that they can influence the final list of products subject to tariffs.

their concerns struck a similar theme:

The United States is no longer equipped to produce many materials that they depend on for their products.

The rise of global supply chains has shifted

the bulk of manufacturing and production outside the United States,

leaving companies no choice but to rely on foreign materials, including those from China.

companies that rely heavily on Chinese imports say that approach will destroy many of the American businesses the president has said he is trying to help.

“China remains a vital and not easily replaceable link in our industry’s supply chain,” Mr. Cove said.

“Shifting manufacturing to other countries is simply not feasible in real time or to scale.”

The White House is “unwavering in their view that the U.S. will ‘win’ this trade war and that the Chinese government will have to capitulate,”

“We can’t make wedding gowns and prom dresses in the United States,”

“Nobody wants to do this work.”

“I shouldn’t be put out of business because of an ill-placed attempt to balance the books between these two countries,”

https://www.nytimes.com/2018/08/20/u...er=rss&emc=rss

[boutons_deux]

Head of largest shipping company says Trump tariffs will hurt United
States the most

Soren Skou runs the world’s largest shipping company, AP Moller-Maersk.

Donald Trump’s insistence on applying tariffs could greatly hamper global trade growth by .1 to .3 percent annually,

but that the results for the U.S. economy would be the worst, “perhaps 3 or 4 percent.”

https://www.dailykos.com/stories/1789572

[boutons_deux]

U.S.-China trade talks end with no breakthrough as tariffs kick in

https://www.reuters.com/article/us-u...2F+Top+News%29

Trash is such a up.

[boutons_deux]

North Dakota Farmers Condemn GOP Senate Candidate For Telling Them to Suck It Up on Trump's Tariffs

That comment has angered many farmers in the state.

Rep. Kevin Cramer, the Republican candidate for Senate in North Dakota, is less than sympathetic.

"The problem is,

when you have a long game plan and there's short term,

potential short term pain,

we don't have a very high pain threshold in the United States of America,"

Cramer said of the Trump tariffs in June.

Cramer is challenging in bent Democratic Sen. Heidi Heitkamp,

who has warned that one study from the conservative Chamber of Commerce estimates

Trump's tariffs could cost North Dakota

$61 million in exports and

threaten up to 111,000 jobs in the state.

https://www.alternet.org/north-dakot...over-trade-war

[boutons_deux]

How One Firm Got Tariffs Imposed To Hurt US Newspapers, Bolster Own Business

A private-equity firm called One Rock Capital

got the Commerce Department to

levy tariffs on imported newsprint over the objections of the U.S. press, Canadian government and bipartisan lawmakers,

The company reportedly approached Commerce Secretary Wilbur Ross about how Canadian newsprint imports were hurting its business, resulting in tariffs that lifted newsprint prices by 30 percent.

For U.S. newspapers, the cost of newsprint is usually the second-greatest expense after personnel, making

this increase a significant burden that could lead to layoffs and closures.
“This whole play by Norpac basically disrupted an entire industry,”

Paul Boyle, senior vice president at the News Media Alliance, told the Wall Street Journal.

“My cynical side says you’ve got

an administration that happens to be not a big fan of the print publications generally,”

https://talkingpointsmemo.com/news/h...+%28TPMNews%29

The corruption is unPresidented.

[RandomGuy]

Increased supply in the US will lower prices here. I'm all for cheaper tasty lobster!

... and fewer jobs, as producers with marginal profit margins are squeezed out of business.

You really don't know how economics works, do you?

[boutons_deux]

WALL STREET BRACES ITSELF FOR TRADE WAR WITH CHINA

there is a growing expectation that collateral damage could spill onto Wall Street, disrupting U.S. banks’ plans to expand in mainland China.

Since the Chinese authorities lifted the cap on foreign ownership of securities trading and fund management companies from 49 percent to 51 percent in April,

many of the world’s biggest banks have been scrambling to take full control of their operations in China.

Bankers view the ability to own more than 50 percent of their Chinese ventures as important because it gives them full management control, including hiring staff, IT systems and compliance checks.

However, several bank executives say they fear U.S. banks may find themselves at a disadvantage because the

trade war between Washington and Beijing could delay or prevent them obtaining approval to increase their Chinese stakes.

“If the trade war and tariffs escalate, it will be interesting to see how regulators allow liberalization to tie in with the trade rhetoric,”

says Carsten Stoehr, CEO of Greater China at Credit Suisse.

“Getting management control and a 51 percent stake is a very appealing opportunity from a strategy perspective,

especially if it ultimately leads to an opportunity to raise to 100 percent.”

https://www.ozy.com/fast-forward/wal...a04bf10a595031

[CosmicCowboy]

WALL STREET BRACES ITSELF FOR TRADE WAR WITH CHINA

there is a growing expectation that collateral damage could spill onto Wall Street, disrupting U.S. banks’ plans to expand in mainland China.

Since the Chinese authorities lifted the cap on foreign ownership of securities trading and fund management companies from 49 percent to 51 percent in April,

many of the world’s biggest banks have been scrambling to take full control of their operations in China.

Bankers view the ability to own more than 50 percent of their Chinese ventures as important because it gives them full management control, including hiring staff, IT systems and compliance checks.

However, several bank executives say they fear U.S. banks may find themselves at a disadvantage because the

trade war between Washington and Beijing could delay or prevent them obtaining approval to increase their Chinese stakes.

“If the trade war and tariffs escalate, it will be interesting to see how regulators allow liberalization to tie in with the trade rhetoric,”

says Carsten Stoehr, CEO of Greater China at Credit Suisse.

“Getting management control and a 51 percent stake is a very appealing opportunity from a strategy perspective,

especially if it ultimately leads to an opportunity to raise to 100 percent.”

https://www.ozy.com/fast-forward/wal...a04bf10a595031

LOL

Boo loves big banks

[boutons_deux]

China Won't Share Its Samples of a Deadly Flu Virus. Here's Why That's a Problem.

the Chinese government appears to be withholding samples of the dangerous bird flu virus H7N9 from the United States,

For more than a year, China has not provided samples of H7N9 to the United States, despite persistent requests from officials and research ins utions, according to The New York Times.

Experts say samples of H7N9 are needed to develop vaccines against the virus and treatments for it.

"Jeopardizing U.S. access to foreign pathogens and therapies to counter them undermines our nation's ability to protect against infections which can spread globally within days,"

Although Chinese officials originally provided timely information about H7N9 when the virus first appeared in 2013,

communication on the topic has gradually worsened,

with the country also refusing to share data from human patients infected with the virus,

https://www.livescience.com/63448-ch...revention.html

[boutons_deux]

U.S. energy companies fume over rejected steel tariff exemptions

The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.

But the department rejected a similar request from Borusan Mannesmann Pipe to exclude 4.5-inch steel pipes imported from Turkey for casing used to line new oil wells.

The reason:

multiple U.S. steelmakers objected to Borusan’s application, arguing they could supply the product,

according to the department.

Chevron drew no such objections.

the process for seeking relief is proving slow and controversial as

a deluge of applications has buried the small staff of course! MISgovernance rules, ok!

initially assigned to the task, prompting the department to hire dozens of extra contract workers.

The limited number of decisions made so far are drawing protests from rejected applicants and

sparking disputes between U.S. steel mills and importers of products from their foreign compe ors.
Commerce has received more than 37,000 exemption requests,
far more than it planned to handle. Plan?

Although 130 employees and contractors are now evaluating the applications, the agency had only ruled on 2,871 of those requests as of August 20.

The department has so far approved 1,780 of the applications and denied 1,091.

Separately, the department turned back more than 6,000 requests for what it called “filing errors” by applicants, who can fix and resubmit their requests.

Rejected applicants have criticized the department for taking sometimes misleading objections by domestic suppliers at face value and

for not allowing importers a chance to rebut their arguments.

https://www.politicususa.com/2018/08...iticus+USA+%29

granting exemptions is OBVIOUSLY ripe for politically rewarding Big(gest)Donors

[boutons_deux]

China's solar subsidy cuts erode the impact of Trump tariffs

A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market -

pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports

https://www.reuters.com/article/us-usa-solar/chinas-solar-subsidy-cuts-erode-the-impact-of-trump-tariffs-idUSKCN1LF18K?feedType=RSS&feedName=topNews&utm_so urce=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%2 9

[TDMVPDPOY]

China's solar subsidy cuts erode the impact of Trump tariffs

A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market -

pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports

https://www.reuters.com/article/us-usa-solar/chinas-solar-subsidy-cuts-erode-the-impact-of-trump-tariffs-idUSKCN1LF18K?feedType=RSS&feedName=topNews&utm_so urce=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%2 9

these mofos undercut the compe or at losses they can absorb just for market share, till theres no compe ion thats when they become the only person in the market...then they start to increase prices

those compe ors either pulled out and stop or u can still buy them knowing they produce their in china...so i dunno how products made in china stack up even with todays standards...

but im looking for a 6kw system

[boutons_deux]

International Trade Commission decision reverses Trump tariffs on newsprint

The U.S. International Trade Commission ruled Wednesday that imports of Canadian newsprint do not threaten or materially harm the U.S. newsprint industry, a decision that reverses tariffs put in place by the Trump administration this year.


The commission’s 5-0 ruling comes after the Commerce Department had put in place two sets of duties levied on producers and exporters of uncoated groundwood paper — the material on which most newspapers are printed — from Canada.

http://www.latimes.com/business/la-f...s=mcnewsletter

[johnsmith]

Just thought I’d drop in and give you guys an update on what the steel industry is going through because of these tariffs.....so the big companies like CMC, Nucor, Etc, are just killing it in their mills. They’re making money hand over fist. Smaller downstream companies on the other hand are dying (way more people employed at these smaller places in total than the big guys) quickly. No money is being made because they can’t compete with domestic steel prices and they’re going to start filling the unemployment line very soon. We’ve already laid off two people (only 75 in the company).

But yeah, we should definitely keep it up because .....ummmm....China!?

[boutons_deux]

I posted an article here where BigSteel got Trash to deny tariff exemptions to the little guys.

BigSteel will certainly be contributing heavily to Trash in yet another corrupt quid pro quo "transaction"

tariffs are excellent opportunities to corruptly play favorites

[johnsmith]

I posted an article here where BigSteel was got Trash to deny tariff exemptions to the little guys.

BigSteel will certainly be contributing heavily to Trash in yet another corrupt quid pro quo "transaction"

“Bigsteel” is literally leading the tariff charge from inside the whitehouse and will bankrupt many many fine small business owners by the time this is done.

[RandomGuy]

“Bigsteel” is literally leading the tariff charge from inside the whitehouse and will bankrupt many many fine small business owners by the time this is done.

Little doubt.

You have glommed onto something basic taught in economics classes.

Tariffs and protectionism narrowly help ONE group greatly, but overall are a loss for wider society because everybody else outside that industry has to pay more. The country is worse off.

To put some arbitrary numbers on the board to flesh out an abstract concept: it's like one person gets a $50,000 year job, while 300,000,000 people have to pay an extra penny for something, costing everybody $3,000,000.

Not a good trade off.