Originally posted by @mott-the-hoople explain how tariffs placed on Canadian steel is going to make US produced steel prices rise.
Here's some economic reality for ya, Mott:
The price of U.S. hot-rolled coil steel, a bellwether product for the industry, is up about 40 percent since the start of this year due to a combination of Trump's tariffs and strong economic demand, said Joe Innace, the metals content director in the Americas at S&P Global Platts.
Prices also have been rising for specific transportation-related products, such as fabricated metal for bridges.
Originally posted by @no1marauder Here's some economic reality for ya, Mott:
The price of U.S. hot-rolled coil steel, a bellwether product for the industry, is up about 40 percent since the start of this year due to a combination of Trump's tariffs and strong economic demand, said Joe Innace, the metals content director in the Americas at S&P Global Platts.
Prices also have been r ...[text shortened]... ce.yahoo.com/news/trumps-own-tariffs-harder-rebuild-140502570.html?.tsrc=daily_mail&uh_test=1_04
No wonder Schumer and Bernie are supportive of the tariffs.
After all, they never met a tax they did not like.
Originally posted by @whodey No wonder Schumer and Bernie are supportive of the tariffs.
After all, they never met a tax they did not like.
They are?
Link please.
EDIT: "Donald Trump’s haphazard and reckless plan to impose tariffs on Canada and the European Union is an absolute disaster that will cause unnecessary economic pain to farmers, manufacturers and consumers in Vermont and throughout the country.
Originally posted by @no1marauder ECO 101. If a competitor raises their price, you can raise your price thus increasing your margin without losing market share.
Thus allowing a trade dumping country to underbid both of them.....
Originally posted by @mott-the-hoople explain how tariffs placed on Canadian steel is going to make US produced steel prices rise.
It may not make the price of US Steel go up, but it will cost the buyer (thus the consumer) more because the cheaper Canadian product is not cheaper anymore.
Originally posted by @tom-wolsey It may not make the price of US Steel go up, but it will cost the buyer (thus the consumer) more because the cheaper Canadian product is not cheaper anymore.
Originally posted by @tom-wolsey It may not make the price of US Steel go up, but it will cost the buyer (thus the consumer) more because the cheaper Canadian product is not cheaper anymore.
It already did make the price of US steel go up. Let's try this again:
The price of U.S. hot-rolled coil steel, a bellwether product for the industry, is up about 40 percent since the start of this year due to a combination of Trump's tariffs and strong economic demand, said Joe Innace, the metals content director in the Americas at S&P Global Platts.
Prices also have been rising for specific transportation-related products, such as fabricated metal for bridges.
Originally posted by @no1marauder It already did make the price of US steel go up. Let's try this again:
The price of U.S. hot-rolled coil steel, a bellwether product for the industry, is up about 40 percent since the start of this year due to a combination of Trump's tariffs and strong economic demand, said Joe Innace, the metals content director in the Americas at S&P Global Platts ...[text shortened]... ce.yahoo.com/news/trumps-own-tariffs-harder-rebuild-140502570.html?.tsrc=daily_mail&uh_test=1_04
Steel production is shifting back to the US...as more producers get underway prices will level out. But you know that, you are just a liberal lying by omission.
Originally posted by @tom-wolsey It may not make the price of US Steel go up, but it will cost the buyer (thus the consumer) more because the cheaper Canadian product is not cheaper anymore.
what do you think will happen when US producers ramp up production?
Originally posted by @mott-the-hoople Steel production is shifting back to the US...as more producers get underway prices will level out. But you know that, you are just a liberal lying by omission.
IF steel production increases in the US, it will only be in anticipation of higher prices for their product. And you can't just build a steel factory in a week and doing so requires a substantial capital investment which must be recouped and you don't do that by slashing your price.
You really do need to read something beyond right wing propaganda and coloring books.
Manufacturing is never going to "come back" to the US on a scale remotely near what it used to be. Due to geographical happenstance, at the end of World War II the industrial base of nearly every major industrialized country on Earth except the US was smashed or badly decimated. This allowed the US to become, for a few decades, the foremost supplier of manufactured goods to the world outside the East Bloc. I don't know exact figures off-hand, but needless to say it was a honeymoon period that will never be repeated.
Originally posted by @no1marauder IF steel production increases in the US, it will only be in anticipation of higher prices for their product. And you can't just build a steel factory in a week and doing so requires a substantial capital investment which must be recouped and you don't do that by slashing your price.
You really do need to read something beyond right wing propaganda and coloring books.
24 Jun '18 04:05
something more for liberals to hate on...
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