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President Trump is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners — Canada, Mexico and the European Union.
The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday.
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
Perhaps other nations should lower their taxes on US goods, which could also spur US manufacturing.
Or is there some reason why US manufacturing should not be productive?
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
Perhaps other nations should lower their taxes on US goods, which could also spur US manufacturing.
Or is there some reason why US manufacturing should not be productive?
Absolutely no reason it should not be productive, but raising costs won't make it competitive.
originally posted by: ufoorbhunter
a reply to: ScepticScot
Some people don't mind paying a little more if it means jobs go to local people rather than one job for the CEO and the others for people the other side of the world.
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
Perhaps other nations should lower their taxes on US goods, which could also spur US manufacturing.
Or is there some reason why US manufacturing should not be productive?
Absolutely no reason it should not be productive, but raising costs won't make it competitive.
Raising costs on foreign goods would.
Hence the "trade war".
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
Perhaps other nations should lower their taxes on US goods, which could also spur US manufacturing.
Or is there some reason why US manufacturing should not be productive?
Absolutely no reason it should not be productive, but raising costs won't make it competitive.
Raising costs on foreign goods would.
Hence the "trade war".
Tarrifs are on raw materials. That makes goods requiring those materials more expensive when made in the US.
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
originally posted by: ScepticScot
originally posted by: DBCowboy
The way the trade is set up now, it benefits the consumer market in the states but inhibits the manufacturing market in the states.
We've been a consumer society for too long, in my opinion.
We need to get back to manufacturing. Only way to do that is to renegotiate trade agreements.
Tarrifs that increase the cost of raw materials are unlikely to help US manufacturing.
How does it benefit the US manufacturing market to flood the US with cheaper goods from elsewhere?
The tarrifs seem to be targeted against materials rather than finished goods. Pushing up the cost of raw materials will make US manufacturing less competitive.
Perhaps other nations should lower their taxes on US goods, which could also spur US manufacturing.
Or is there some reason why US manufacturing should not be productive?
Absolutely no reason it should not be productive, but raising costs won't make it competitive.
Raising costs on foreign goods would.
Hence the "trade war".
Tarrifs are on raw materials. That makes goods requiring those materials more expensive when made in the US.
Then the focus shifts to raw materials available in the US.
Enabling more internal growth and opportunity.