America's steel companies are hurting

This is what happens when someone who doesn't understand economics or trade messes around with a trade war.

Link

Fedex also has a profit problem due to the trade war.

Link

Btw I thought Trump was going to save US coal but it's fallen almost 10% since last year.

So much winning.

 

The Democrats in Congress need to save the American steel industry by appropriating the money to build the Trump Wall that uses a whole lot of steel.

http://steelbenchmarker.com/files/history.pdf

With the Trump administration going after California's PC automobile emission standards, American automotive manufacturers can go back to making safer and heavier cars using larger gauge steel which results in manufacturing more steel.

 

Id rather drive a more fuel efficient care than go back to the rolling tanks we used to make here.

 

I myself miss the muscle cars with big internal combustion gasoline guzzling engines with two Holley quad carburetors or even three deuces and a four speed manual transmission with a lot of horsepower and torque too.

3,750 lbs of cold hard steel.

 

Or we could spend that wall money fixing bridges. Seems like that's a better use.
Of course Spanky could put the tariffs back on and scrap NAFTA 2.0, then the steel companies could sell back up on the bump in prices that your graphs show. I guess Canada didn't pay for those tariffs either. I feel a little sorry for the steel companies. They must feel a little bit like a yo-yo.

 

You obviously do not understand the situation. The trade war can only help US steel production.

It may be true Trump hasn't managed to deliver on his promise to help the steel industry, but it's not because of any detriment caused by a trade war.

Chinese factories would almost never import US steel, they can make their own for far cheaper. (The only exception might be in situations that require really high quality specialty steel, but that's an exception)

The US basically has no hope of exporting steel to China. In fact a trade conflict would only prevent cheap Chinese steel from entering the US market and displacing US steel factories.

 

I agree less steel and lighter cars are better, but the latest regulation standards have reached ridiculous levels.

You can't keep demanding more and more and require more weight taken off the car each year.

With the stupid safety regulations and feather weight designs, these days the slightest little crash will completely crush the car.
Big problem in areas with lots of deer on the road, with the newer cars it only takes one deer to make you have to buy a new car.

 

Theses safety regulations have literally saved thousands of lives per year. The technology behind crumple zones incorporated in car designs is amazing. There is a reason why it is preferable that a car front crumples instead of staying intact when colliding with objects such as deer or another car. It can be annoying that a car front crumples at 5mph when hitting a tow bar of a car in front which happened to me a while back in a traffic jam but if I had hit that tow bar at 20mph and the car did not crumple I may not be here to write this - I effectively hit a spike sticking out of the back of a heavy car

As for feather weight designs, people are choosing more economic cars and that is a fact of life - there is nothing stopping manufacturers making heavier cars AFAIK

 

NAFTA and I ended up with tinnitus by listening to that loud sucking noise.

 

So let me get this straight; one of their factories burnt down, they suffered restructuring costs and their European department (outside of America) had tough times and you blame Trump?

And to top it all off, mouth frothing Democrats want the cheap crap steel from China and not buy American steel.

The Dunning Kruger Effect springs to mind here.

I think this thread should have really gone in the humour and satire section.

 

So why did Trump give up on his tariffs?

Just for info.

 

This is a completely ridiculous statement. No automobile manufacturer is going to intentionally make a heavier and therefore more expensive car (to manufacture, buy and operate). Cars have never been safer, and road fatalities have never been lower, at any point in history than they are today. And steel weight has nothing to do with it.

Trump is a complete imbecile for making such ridiculous statements and suggestions.

 

Umm, maybe try reading the article?

 

My first car was a 71 Impala. I loved that car. But it was by no stretch of the imagination a safe car, and I would not drive a family around in one.

 

my first car was a dark blue Delta 88, I have to agree with you... plus I got more tickets in that thing it seemed, big cars do not handle as well - but it was built to last, sucked down the gas though

but I do miss the smaller cars that did not have all this electronic gizmo stuff that were cheaper to repair

 

It is quite possible to have a big meaty V8 or turbo/supercharged 6 pot that is reasonable on fuel.

I have one. Big modern fuel injected V8 turbo diesel on a car weighing 2.4 tonne from factory with many mods and a canopy I get 13l/100km (18mpg) in the city doing daily driving.

Fully loaded, canopy backed to the brim, 100kg drawers, 90kg roof top tent, 130kg quad bike on back half of the tray, front bar, two deep cycle batteries, big 35"x12.5" mud terrains, etc - WHILE towing a 4m dinghy filled to the top with ****. I get 16l/100km (14.7mpg).

Stock tyres fully unloaded I used to get 10l/100km on the highway.

In terms of modern sportscars you'll find a lot of reasonably efficient fun engines.

 

Dont miss understand me. I have a great love and appreciation for classic cars, and old school muscle cars. I have an old 96 mustang GT that I keep in great shape, but only drive on rare occasion. My every day car is a Suburu BRZ.

 

These were pretty cool back in the day during the Vietnam War.


The 1967 Mustang rolled off the Ford assembly plant in San Jose, California
(Yes... when California was business friendly Ford and GM assembled millions and millions of cars every year in California.)

Then the Ford Mustang was shipped down to Los Angeles where Carroll Shelby got his hands on it and fixed something that wasn't broken and you ended up with the Shelby GT 500.

It is based on the 1967 Mustang and is equipped with a 427 cu in engine with a aluminum mid-rise intake manifold with 2X4 barrel Holly carburetors producing 355 hp at 5,400 rpm and 420 lb⋅ft of torque at 3200 rpm.)

 

If it's any consolation China's steel companies are hurting too!!!

 

So your solution is "more Gov't" and more Gov't spending

 

Because China is both a very large customer and a big supplier of the US when they are hurting it's not helpful to America.

 

That government money (taxpayers money) will flow back into the private sector and stimulate the economy on Main Street.

 

With less Chi-Com cheap garbage on the store shelves the American consumer might have no choice but to discover quality products that can be manufactured in the USA.

If the American consumers were to demand quality over cheap stuff, American corporations and companies will have no choice but to return to the USA and start manufacturing goods that are of quality like back when America was great.

Think of a America where you don't need two different tool boxes one with SAE tools and the other with metric tools.
It would be like back when America was great.

 

That argument can be used to justify any and all Gov't spending.