Steel and aluminum tariffs...

[RandomGuy]

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!?

Interesting. Thanks for the inside info.

[boutons_deux]

Reagan-era budget director David Stockman viciously shreds ‘Neanderthal’ Trump for trade missteps



... asked what he makes of Trump so far, the former budget hawk smirked and proceeded to dismiss Trump’s moves.

“I don’t think it amounts to a hill of beans,”

he said of the replacement NAFTA deal.

“There was never a problem with NAFTA anyway,

and what he has done, basically, is

remove the name and complicated the machinery,

giving a big wage increase to Mexican workers.”

“This is a sideshow,”

he continued.

“And it is proof that Trump is an absolute Neanderthal on trade, and

has no idea what he is doing,

he is a complete ignoramus on fiscal policy and

the debt which is soaring.”

Stockman went on to say that

Trump’s actions likely will combine to “clobber a ten-year recovery and

is about to be knocked over by this nonsense.”

https://www.rawstory.com/2018/08/wat...rade-missteps/

... apart from that Mrs. Lincoln, how was the play?

[boutons_deux]

Trade talks with Canada collapse after off-the-record Trump insults leaked

Trump wanted some of his comments during a Bloomberg interview to be “off the record,” and

admitted that he is not making any compromises at all in the talks with Canada —

but won’t say so in public because “it’s going to be so insulting they’re not going to be able to make a deal.”
“Here’s the problem. If I say no — the answer’s no. If I say no, then you’re going to put that, and it’s going to be so insulting they’re not going to be able to make a deal…I can’t kill these people,”

Trump added, that he was “scaring the Canadians into submission by repeatedly threatening to impose tariffs.”

“Off the record, Canada’s working their ass off. And every time we have a problem with a point, I just put up a picture of a Chevrolet Impala,” Trump said, according to the source.

The report notes that the Impala is produced at the General Motors plant in Oshawa, Ontario.

https://www.rawstory.com/2018/08/trade-talks-canada-collapse-off-record-trump-insults-leaked-report/?utm_source=feedburner&utm_medium=feed&utm_campaig n=Feed%3A+TheRawStory+%28The+Raw+Story%29


Bombs leak to Toronto Star upends NAFTA talks: In secret ‘so insulting’ remarks, Trump says he isn’t compromising at all with Canada

https://www.thestar.com/news/world/2018/08/31/bombs -leak-to-toronto-star-upends-nafta-talks-in-secret-so-insulting-remarks-trump-says-he-isnt-compromising-at-all-with-canada.html

[RandomGuy]

..

[Winehole23]

Trump refuses EU offer to zero out tariffs, including auto tariffs.

"not good enough"

President Donald Trump rejected a European Union offer to scrap tariffs on cars, likening the bloc’s trade policies to those of China.




“It’s not good enough,” Trump said of the offer from Brussels during an Oval Office interview with Bloomberg News. “Their consumer habits are to buy their cars, not to buy our cars.”




Trump’s comments come just hours after Trade Commissioner Cecilia Malmstrom told European Parliament lawmakers that the EU would be “willing to bring down even our car tariffs to zero, all tariffs to zero, if the U.S. does the same.”

https://www.bloomberg.com/news/artic...ot-good-enough

[boutons_deux]

Apple says U.S. tariffs on China would hit 'wide range' of products

(Reuters) - A “wide range” of Apple Inc (AAPL.O) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials,

but gave no sign of an impact on its iPhone cash cow.

Apple laid out the impact on its products of the Trump administration’s proposed tariffs on $200 billion worth of Chinese goods

in an unsigned letter it submitted on Wednesday to U.S. officials as part of a public comment period.

https://www.reuters.com/article/us-apple-tariffs/apple-says-u-s-tariffs-on-china-would-hit-wide-range-of-products-idUSKCN1LN2JY?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

Did someone take the letter off Cook's desk before he could sign it?

[TDMVPDPOY]

Apple says U.S. tariffs on China would hit 'wide range' of products

(Reuters) - A “wide range” of Apple Inc (AAPL.O) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials,

but gave no sign of an impact on its iPhone cash cow.

Apple laid out the impact on its products of the Trump administration’s proposed tariffs on $200 billion worth of Chinese goods

in an unsigned letter it submitted on Wednesday to U.S. officials as part of a public comment period.

https://www.reuters.com/article/us-apple-tariffs/apple-says-u-s-tariffs-on-china-would-hit-wide-range-of-products-idUSKCN1LN2JY?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

Did someone take the letter off Cook's desk before he could sign it?

lol they apple dont even pay taxes, why they complaining?

[boutons_deux]

Trump Is Predictably Backstabbing Apple on Tariffs




Cook has along with other ans of industry sought huge corporate tax cuts, which Trump was more than happy to sign late last year.

That helped Apple avoid $50 billion in taxes, ... enabling its gluttonous stock buyback.

Cook also reportedly secured some kind of commitment that iPhones assembled overseas won’t be subject to tariffs in Trump’s brimming trade war with China.

it looks like Trump is preparing to dig a knife deep into his back on tariffs.

(apple) ... saying that $200 billion in proposed tariffs would hurt the U.S. much more than China.

on Friday Trump threatened an additional $267 billion in tariffs that “could cover virtually all Chinese-made goods entering the United States.”

Donald J. Trump


✔@realDonaldTrump

Apple prices may increase because of the massive Tariffs we may be imposing on China -

but there is an easy solution where there would be ZERO tax, and indeed a tax incentive.

Make your products in the United States instead of China. Start building new plants now. Exciting!


#MAGA


10:45 AM - Sep 8, 2018

==========

It’s not clear what Trump means by “ZERO tax”—presumably he’s referring to the tariffs, though who knows, really.

Trump is shifting the goalposts again, creating a situation in which Apple (or Trump, for all he cares) cannot win.

And he seems to be laying the groundwork for him to make the company into another of his numberless scapegoats in the future.


But it looks an awful lot like that campaign-trail grudge is firing up again, and

Trump is going to try to leave the Cook and crew with the bag for all those emptypromises that Apple will be shifting production stateside.

https://gizmodo.com/trump-is-predict...+%28Gizmodo%29

[boutons_deux]

The US-Canada fight over dairy exposes an inconvenient truth about free markets

These are some of the many downsides of a regulatory system in which the government tightly controls an industry.

The Canadian government limits the amount of dairy that farmers produce, sets the prices, and blocks most imports.

There’s a big upside to Canada’s cow-based command economy, however:

The stable dairy prices keep the industry consistently profitable and allow small farmers to thrive.

Whereas Canada limits supply, the US encourages a bounty of dairy.

It’s a land of milky excess:

fried butter balls,

$0.99 milkshakes,

four-cheese pizzas, and

iced mocha Frappuccinos.

A place where the people of certain Midwestern states compe ively sculpt butter.

Though US consumers clearly relish dairy, for farmers and processors, the dairy surplus has its drawbacks.

For instance, right now, the US makes so much milk that

farmers have poured forth lakes of the unwanted stuff (paywall).

Bankruptcies—and increasingly, suicides—among dairy farmers are on the rise.

These vastly different systems existed alongside each other in relative harmony for decades. Until recently, that is. Since taking office, Donald Trump has fanned the issue of dairy—and trade with Canada more broadly—into a 10-alarm firestorm.

But the bizarre US-Canada dairy trade spat is about way more than just milk.

The dispute reveals the defining conflict of this new era—the role of governments, markets, and free-trade agreements in creating thriving societies.

Canadian farmers—and, therefore, rural communities—have far less to fear from the market’s violent whims.

They might not get the upside of good times.

But they also don’t get bashed anywhere near as hard by the bad times.

Canadian farmers earn a higher price, on average, than those in the US do.

In 2016, they pocketed around 60% more per liter of milk, reports the Guardian.

https://qz.com/1385156/the-us-canada...-free-markets/

Another indication that neoliberal deregulation and economic consolidation benefits Capital/BigCorp, but screws Labor/SME.

so-called free market means financial precarity, instability for 10Ms

[CosmicCowboy]

Boo wants big government to regulate cows. Mandatory birth control for cows?

[RandomGuy]

Boo wants big government to regulate cows. Mandatory birth control for cows?

Trump told Gary Cohn to 'print money' to lower the national debt
https://www.cnbc.com/2018/09/11/trum...d-reports.html


Your favorite idiot wants to Mugabe the United States.

Let that sink in.

[RandomGuy]

I will predict this.

Ain't no ing way in that the Canadians agree to anything before November 6. They will not give Trump anything his failing party can campaign on.

[RandomGuy]

The Canadian negotiator is going to confer with the Prime minister, and I have no doubt she is being told to slow walk the negotiations.

Standing up to Trump is enormously popular move politically for Canadian politicians.

[boutons_deux]

The economic data don't show it, but many U.S. firms at home and in China are feeling the pain of tariffs

tariffs imposed by the Trump administration and retaliation by U.S. trading partners have begun to cause significant pain for a large and growing swath of U.S. businesses at home and abroad.


Companies and establishments from a broad range of industries — manufacturers, farms, construction firms, retailers, rail yards and airports — report that they are feeling the effects of

higher prices or

supply disruptions and

putting new projects and investments on ice.

“For those firms already impacted,

contacts often cited double-digit price increases;

some typical responses were that

tariffs ‘have put us out of business’ on certain products and

‘are a cloud on every facet of our business planning,’”

More than 60% of the firms surveyed in August and September said that the tariffs, taxes on imports, levied on $50 billion of goods already by the U.S. and China

have cost them business.

One in four firms reported their profits were down more than 10% as a result.

they’ve experienced an increase in other barriers in China in recent months,

including stepped-up inspections and slower customs clearances.

Executives at many U.S. firms fear those sorts of non-tariff barriers will spread

president of the American chamber in Shanghai, where about 6,000 U.S. businesses and investments operate, was

stunned by the widespread nature of the new barriers.

“The tariffs are damaging and we want to avoid more serious damage,” he said.

http://www.latimes.com/business/la-f...12-story.html#

Brilliant Trash brings so much WINNING! and hiccups that businesses are SICK OF IT

[RandomGuy]

Boo wants big government to regulate cows. Mandatory birth control for cows?

I note you have not commented on how tariffs are helping your business. Why is that?

[CosmicCowboy]

I note you have not commented on how tariffs are helping your business. Why is that?

I disagree with the tariff war.

I also didn't vote for Trump and don't particularly like him despite your constant accusations of me being a "Trumper".

I just disagree with your "blame everything on Republicans" "Red team does no wrong" bull .

[RandomGuy]

I disagree with the tariff war.

I also didn't vote for Trump and don't particularly like him despite your constant accusations of me being a "Trumper".

I just disagree with your "blame everything on Republicans" "Red team does no wrong" bull .

Your party is responsible for Trump. Period. You can either stand up to him, or shrug and do nothing. Despite the damage he is doing, he gets you a few things you want. A useful idiot.


To sin by silence, when we should protest, makes cowards out of men.
--Ella Wheeler Wilcox.

[RandomGuy]

The ends do not justify the means.

[CosmicCowboy]

Your party is responsible for Trump. Period. You can either stand up to him, or shrug and do nothing. Despite the damage he is doing, he gets you a few things you want. A useful idiot.


To sin by silence, when we should protest, makes cowards out of men.
--Ella Wheeler Wilcox.

All thing will pass. I'm not sure how I am supposed to "stand up to Trump" except for voting against him in the 2020 Repblican Primary. That's how politics in the US works.

[RandomGuy]

All thing will pass. I'm not sure how I am supposed to "stand up to Trump" except for voting against him in the 2020 Repblican Primary. That's how politics in the US works.

Until then your party is actively shielding him, and quietly going along with him. The silence is deafening.

A of a lot more you can do other than just voting against him in the primary.

Noticed you didn't say "general". smh

[CosmicCowboy]

Until then your party is actively shielding him, and quietly going along with him. The silence is deafening.

A of a lot more you can do other than just voting against him in the primary.

Noticed you didn't say "general". smh

whining on a sports forum is not a viable solution.

[RandomGuy]

whining on a sports forum is not a viable solution.

Not by any means. Donating money to candidates, blockwalking, registering new voters, becoming an election judge, phone banking, writing postcards for turn out, putting up signs, marching in parades, and an occasional protest, might do it though.

You have, at this point, known me for over a decade at this point. That you think this is the only thing I do... keep underestimating. Please.

[RandomGuy]

whining on a sports forum is not a viable solution.

https://vimeo.com/265798976

Short film, worth watching. Low key, and in her own words.

[TDMVPDPOY]

so why arent the american manufactures who have factories in china, either shift their factory to another thats not on the tariff lists?...chinas already ahead of teh curve shifting most factories to neighboring countries, but the catch is those monkeys only hire or reallocate chinese workers to these new factories, instead of hiring new people....

[boutons_deux]

Trash is WINNING, SO EASY, to screw your own citizens and companies

China: We won't surrender to US over trade

“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged.”

China Daily also warns that Beijing “will not hesitate to take countermeasures”, if Donald Trump decides to unleash fresh tariffs.

Currently, Trump is weighing up whether to impose $200bn of tariffs on Chinese goods, on top of the existing $50bn.

https://www.theguardian.com/business...b0543ecbf2cac1