Unions praise Trump on steel tariffs

Yes but the worst thing the US can do is retaliate with tarrifs which will damage our own economy. The threat of tariffs is enough and IMO this is what Trump is doing to serve as a base for reducing/eliminating trade restrictions which other countries have with the US as well as gov subsidies of industries resulting in artificially low prices. On the other hand it benefits US consumers if Russia for example wanted to sell natural gas at 10% of the market price.

 

What are you even talking about? So the tariff was higher than what was recommended, what’s your point?

 

“General Motors isn't concerned either. "We purchase over 90 percent of our steel for U.S. production from U.S. suppliers”

Why are we doing trying to “protect” steel manufacturers, then if all of these companies for the vast majority of their products, use American steel?

 

That illustrates the comparative advantage that Florida has for growing oranges. It's a perfect example.

 

Tariffs will damage the economy.

Tariffs will disadvantage part of your economy and advantage other parts of it.
They are a policy tool. Levers of the economy.

 

Bash Trump??? I think Bernie Sanders and his supporters are going to protest Trump for "Cultural Appropriation".

 

Canada is the biggest supplier of steel to the USA.

we have a free trade agreement with Canada.

unless Canada is exempt from these new tariffs, Trump is violating NAFTA and could be brought before the World Trade Court

 

When has Donnie ever concerned himself with the law?

 

Of course it’s a violation of WTO agreements, you can’t just instigate a trade war against member nations for no reason.

 

every American product that is exported will now be hit with massive tarrifs.

Americans will lose millions of jobs due to Trump's trade war.

 

Wages will go up and we will generate lots of good paying industrial jobs to replace the low paying service jobs free trade brought.

Sounds awesome to me. I can understand why businesses are upset they are going to have less profit and pay higher wages.

 

True, but Bernie hasn't thought through the consequences of a trade war either.

It's sad that free trade results in winners and losers, which both Trump and Sanders recognise; but what is their solution other than restricting free trade in ways presumed advantageous to their own nation's interests?

Thereby losing the positives of free trade (lower prices) in the attempt to overcome the negatives (loss of higher-paid local jobs).

That's why a global approach is needed, which Keynes recognised back in 1944 with his Bretton Woods proposals for a new world trading and financial system.

[Back then, with the catastrophe of war only too evident all around the globe, some serious thinkers, like Keynes, were turning their minds to a new world trading environment, with managed competition, that would allow growth in all nations, but the ensuing cold war swept any such vision aside. So now we have the OP of this thread calling for a trade war ... which we know tend to result in economic depressions ....and real wars ......]

 

Reagan and Bush 1 were right and Trump is a buffoon.

 

I asked for an example that has worked better than the free market, and you chose a second world country that is still developing into becoming a capitalist economy. If you're satisfied with your answer I find that pretty funny

 

Right. And with the steel industry employing so few Americans, due in large part to automation, how much sense does it make to tariff steel?

 

It's pretty unbelievable how many can't connect the dots - even when you rub their noses in history. Most of these nitwits were even staunch Reagan supporters. smh...

 

And then the easter bunny will come and hide lots of pretty colored eggs. I like the purple ones. Oh and the candy.

 

The free market works but that's not what we have. We have bad trade deals that give other countries a leg up.

 

So your not interested in debate.
Noted.

Good day.

 

What you fail to realize is we have been in a trade war for decades and have been hunkering down taking incoming without fighting back. Our casualties have been enormous as the rust belt shows. Trump's is not starting anything he's just shooting back for a change.

 

That could be true. This all could be a threat as part of negotiations in new trade deals

 

GM says they use very little foreign steel but I'm not sure about other manufacturers. If they don't this will encourage them to switch to US steel though. As for your "vast majority of US companies" use US steel already claim I'd ask for your source for this and if it was true which I doubt I'd ask why the concern over tariffs on steel then? It would have no effect on US companies if your right. Can't have it both ways.

 

And Florida will be under water and old people will starve and blacks will be back in chains. LOL

 

Is there any doubt that China with it's controlled economy has grown exponentially while America with it's bad trade deals has lost jobs and entire industries to China? You asked for an example of where a controlled economy worked better than ours and I gave it to you. If you can't see the relevance in this extreme example I find that pretty funny.

 

IMO, working Democrats are not following the hard left turn DC Democrats have taken to adopt the objectives and agenda of the Progressives, who are taking over the party.