Masterstroke!
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Indicating that a steel/aluminum tariff is in the offing, suggesting that a trade war would be easy to win. This guy is not just playing 4D chess, he's making moves well into his 2nd term. Heck, I didn't need that money in my 403b anyway. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I moved more money into the market yesterday.....I like his moves. We all thought hell was raining down when we got away from middle East oil....and look what happened. Let's get our steel mills rolling again!!! I'm for build and buy American!! |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Have to think for the long ball. The US economy has been declining for decades as a result of the imbalanced trade. There's no question there will be some short term pain, but it will be far better in the long run to balance things out. |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I know, it's amazing. I do not understand why ALL of the world markets and business leaders reacted negatively. We pretty much dropped trade tariffs back in the 40's and Lordy how the economy of this country has suffered during those years. Trump will show those snooty free market capitalists how this economying thing is done. Besides, he said it would be easy! (ff493d601ac99f7eb2f173c7d8b20a01.jpg) Attachments ---------------- ff493d601ac99f7eb2f173c7d8b20a01.jpg (75KB - 0 downloads) |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() You will need this graph to show just how much the US economy suffered during that era of laissez faire tariff policy. Mr.Trump will straighten that right out very quickly. 4D chess indeed! Edited by Oysterboy 2018-03-02 9:57 PM (djiahist1945.png) Attachments ---------------- djiahist1945.png (3KB - 0 downloads) |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Oysterboy You will need this graph to show just how much the US economy suffered during that era of laissez faire tariff policy. Thank you Mr. Trump. heavy handed with the misleading graphs are we tonight? |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() OB........that was some seriously misleading crazy liberal shiznit you posted tonight. I'm gonna guess you've been getting your grape drank on. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Oysterboy I do not understand why ALL of the world markets and business leaders reacted negatively. Seriously, you don't? LMAO
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() DP, sorry. D@mn Obama. Edited by Oysterboy 2018-03-03 6:41 AM |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() So free-market, free-trade based capitalism is a liberal idea? Of course it is, Mr. Trump will fix that liberal hoax. Tony, we did indeed lose a lot of manufacturing jobs, that is unequivocal; however, as an economy we offset those losses with tremendous growth in energy (fracking mostly, but renewables as well), technology (computer, biotech, pharma), and financial sectors. You can see this is GDP growth over time, really pretty steady except for that recession in 2008, d@mn Obama. What we need to do is find a way to re-develop those lost manufacturing jobs and, most-importantly, the middle-income wages earned by low-to-mid skill workers that come with these types of jobs. Changing some tax policies may help drive this (still a bit early to judge that), but as the above graphs show, tariffs have never accomplished this and neither have trade wars. Actually the opposite, and the markets reacted accordingly, but Trump knows stuff that the business and economics minds don't. 4D chess. (Canada-and-US-GDP-growth-1900-to-2016-Graph-T2-e1484771756645.png) Attachments ---------------- Canada-and-US-GDP-growth-1900-to-2016-Graph-T2-e1484771756645.png (82KB - 0 downloads) |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Queen's Own: Note that GDP graph shows how Canada has suffered under laissez faire trade policy, you guys need to get your own Trump so you can fix that quick! |
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Champion ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I have no idea if the new tarrifs will start a trade war but I think that will be short lived. Saving our aluminum and steel industries are critical.....to national security....which is how the president is able to do this without congress. At least that is my understanding. The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. This is Trump’s hard core opening bid....on NAFTA and other trade deals. He is doing exactly what he said he’d do if elected, make America competitive on a level playing field. Edited by Rogillio 2018-03-05 7:02 AM |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I agree, Rog......all he is doing is what he promised to do in his campaign. I've seen a lot of that in his first year. I think it's refreshing. I'm sick of politicians and all their bullshine......THIS IS WHY I VOTED FOR TRUMP. |
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Veteran ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Trump has our metrosexual Prime Minister over an I beam... All our PM can do in response to Trump is make passive agressive threats, and pander to him to see what he can get... Strange days for Canada. Manufacturing is dying in Ontario anyways..so this wont have as much as an effect as it would have a decade ago...but it will still hurt... |
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![]() | ![]() Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Synon Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. Better tell CNN. LMAO |
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Champion ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Synon Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. Are you telling me Trump worked the system?! I am appalled. ;-) We’ve been taken advantage of for years running trade deficits. About time someone has the balls to start to rectify the ship. |
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![]() | ![]() Originally posted by Rogillio Originally posted by Synon Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. Are you telling me Trump worked the system?! I am appalled. ;-) We’ve been taken advantage of for years running trade deficits. About time someone has the balls to start to rectify the ship. Make no mistake, I want to see our economy prosper too. Am I missing something? I don't see how this will give us an advantage, now our exported finished goods will be less competitive because the raw materials cost more. do you really think these countries are going to pay the tariff and not raise the price of steel to cover their additional expenses? |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Synon Originally posted by Rogillio Make no mistake, I want to see our economy prosper too. Am I missing something? I don't see how this will give us an advantage, now our exported finished goods will be less competitive because the raw materials cost more. do you really think these countries are going to pay the tariff and not raise the price of steel to cover their additional expenses? Originally posted by Synon Are you telling me Trump worked the system?! I am appalled. ;-) We’ve been taken advantage of for years running trade deficits. About time someone has the balls to start to rectify the ship. Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. No, they're going to deal, because they have no choice. All this will end up being is renegotiation of existing deals. About damn time. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Rogillio I have no idea if the new tarrifs will start a trade war but I think that will be short lived. Saving our aluminum and steel industries are critical.....to national security....which is how the president is able to do this without congress. At least that is my understanding. The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. This is Trump’s hard core opening bid....on NAFTA and other trade deals. He is doing exactly what he said he’d do if elected, make America competitive on a level playing field. The American consumer pretty much drives the world economy. We have a very big "stick" when it comes to trade wars (if it comes to that). We buy a lot of goods from overseas and they buy very little (comparatively). Anyone who tries to retaliate will be shooting their own foot. (economically speaking) |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Synon Originally posted by Rogillio Make no mistake, I want to see our economy prosper too. Am I missing something? I don't see how this will give us an advantage, now our exported finished goods will be less competitive because the raw materials cost more. do you really think these countries are going to pay the tariff and not raise the price of steel to cover their additional expenses? Originally posted by Synon Are you telling me Trump worked the system?! I am appalled. ;-) We’ve been taken advantage of for years running trade deficits. About time someone has the balls to start to rectify the ship. Originally posted by Rogillio The idea that we can exist as a strong nation having to rely on China for our aluminum and steel is dangerous. Fake news. China barely makes the top 10 of our steel imports at 2.9%, most of our major suppliers are allies. Our largest is Canada at 16.7%. Sorry, I don't buy the "national security" BS the administration is using. Do we really think all our friends are going to stop selling us raw materials all of a sudden? Domestic steel producers are being chosen as the winners, and all the industries who depend on lower cost steel for finished goods (MUCH larger than the steel industry) are the losers. Seems like it will make us less competitive. I think it's a matter of looking at the bigger picture rather than the narrow picture. When we look at tarrifs on a particular product you're absolutely right that it raises the price of that material and/or makes US based companies look more appealing from a price standpoint. This in turn employs more people and increases the overall GDP and those employees spend more money. All the additional economic growth leads to wage increases and on and on. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Oh no!! The world is being served notice that our country will no longer be patsy's on world trade. Too damn bad. |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I think the real question is what do we need to do to make our steel and aluminum industries competitive. If other countries are able to produce goods at a more competitive price then we should buy their goods, that just makes sense. If they manipulate markets to game the pricing then no, we should not buy their goods and call them out on unfair trade practices. But establishing tariffs to benefit one industry to the detriment of others sounds... like picking a winner. This is something that the right railed on Obama about. |
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Pro ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() Originally posted by Oysterboy I think the real question is what do we need to do to make our steel and aluminum industries competitive. If other countries are able to produce goods at a more competitive price then we should buy their goods, that just makes sense. If they manipulate markets to game the pricing then no, we should not buy their goods and call them out on unfair trade practices. But establishing tariffs to benefit one industry to the detriment of others sounds... like picking a winner. This is something that the right railed on Obama about. One word.............Middle Eastern Oil Industry. We'll be just fine. |
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Expert ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | ![]() I'm telling ya, it's like cats and dogs sleeping together: http://www.businessinsider.com/trump-steel-aluminum-tariffs-blowbac... https://www.cnbc.com/2018/03/04/trumps-steel-tariffs-are-earning-him... Edited by Oysterboy 2018-03-05 3:20 PM |
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