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originally posted by: hounddoghowlie
a reply to: crazyewok
with the cost of building the mills,just a guess i'd say at least 10 plus years to to rebuild the industry. in the mean time all products that are built with steel price will increase cause many consumers not to buy.
originally posted by: 3daysgone
a reply to: olaru12
I wonder what Trump will build his wall with if not Chinese steel. Perhaps Bull Sh!t, Trump has plenty of that... The Chinese won't sell with a high tariff.
Did you say in another thread that you had plans to help build the wall? You may be right, he might build it with Bull Sh!t.
Tax abatements were approved in March for the company's $230 million investment in the new EAF for the Fairfield Works. That is in addition to a second capital investment project at Oilwell Services, where it will create a Fairfield-based manufacturing facility for tubular products with a capital investment of $47.5 million.
What U.S. Steel's new electric arc furnace could mean for Fairfield Works
Fear monger much?
In 1930, Congress slapped tariffs on all countries that shipped goods to America in an effort to shield U.S. workers. It was called the Smoot-Hawley Act, named after two Republicans Congressman, Reed Smoot and Willis Hawley. And it is widely accepted that it made the Great Depression worse than it would have been.
originally posted by: allsee4eye
Everything in China is nationalized. There is no private steel industry in China. Steel industry, like defense industry, is government owned in China. China government subsidizes its steel industry to unfairly bankrupt other country's steel industries and control other countries national security. America should not be held hostage by a Communist country that jails and kills dissident journalists.
perhaps we should start using the same tricks.