U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-08-2018, 01:37 PM
 
865 posts, read 645,121 times
Reputation: 1672

Advertisements

There's already a fairly active thread debating the merits of the Trump Tariff. I'd like to establish a place to discuss what products are actually covered and how the tariff will be implemented.

My primary question is what is the proposed tariff on a $100 product (for example a piece of furniture) has $10 worth of raw steel, $20 worth of steel after the machine time for welding and bending is applied? Is it 25% on the $100, $20 or $10 or is there some threshold that exempts finished goods?

My second question is how has anyone started debating this issue without even establishing the most basic understanding of it?
Reply With Quote Quick reply to this message

 
Old 03-08-2018, 02:14 PM
 
5,603 posts, read 4,214,284 times
Reputation: 10567
Quote:
Originally Posted by Pfalz View Post
There's already a fairly active thread debating the merits of the Trump Tariff. I'd like to establish a place to discuss what products are actually covered and how the tariff will be implemented.

My primary question is what is the proposed tariff on a $100 product (for example a piece of furniture) has $10 worth of raw steel, $20 worth of steel after the machine time for welding and bending is applied? Is it 25% on the $100, $20 or $10 or is there some threshold that exempts finished goods?

My second question is how has anyone started debating this issue without even establishing the most basic understanding of it?
It seems you have no clue and somehow think others are in the same situation.


The proposed tariffs are on steel and aluminum, not products made with those metals. Much of the metals used in US made products are imported. So if a US manufacturer makes a steel folding chair, they will need to pay more for the metal. The customer will need to pay more. In addition if the company tries to export, they will be at a disadvantage because they paid more for the steel.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 05:28 PM
 
Location: Aurora Denveralis
3,078 posts, read 1,040,161 times
Reputation: 3930
What you'd be debating now is whatever DJT meant by a series of tweets and offhand comments. Have fun.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 06:30 PM
 
865 posts, read 645,121 times
Reputation: 1672
Quote:
Originally Posted by jrkliny View Post
It seems you have no clue and somehow think others are in the same situation.
So there is a consensus that the tariff is only going to apply to raw materials? Can anyone provide something official that confirms this?

It also seems like there is a pretty vast continuum of what might be considered "raw" steel - where do you draw the line? For example there are steel sheets (clearly 100% steel) and preemptively subject to 25% tariff; to powder-coated steel (an intermediate product with 98% steel) or a steel pipe (100% steel but a finished good - and if you added a PVC fitting to make it only 95% steel, would you avoid a tariff?).

Since you are in the know (and I admittedly am not), please link to some detailed facts.

Last edited by Pfalz; 03-08-2018 at 06:44 PM..
Reply With Quote Quick reply to this message
 
Old 03-09-2018, 09:29 AM
 
3,530 posts, read 2,178,194 times
Reputation: 2636
Quote:
Originally Posted by Pfalz View Post
So there is a consensus that the tariff is only going to apply to raw materials? Can anyone provide something official that confirms this?

It also seems like there is a pretty vast continuum of what might be considered "raw" steel - where do you draw the line? For example there are steel sheets (clearly 100% steel) and preemptively subject to 25% tariff; to powder-coated steel (an intermediate product with 98% steel) or a steel pipe (100% steel but a finished good - and if you added a PVC fitting to make it only 95% steel, would you avoid a tariff?).

Since you are in the know (and I admittedly am not), please link to some detailed facts.
There is no person on Earth, including Donald Trump, who can confirm the details at this time.
Reply With Quote Quick reply to this message
 
Old 03-09-2018, 10:32 AM
 
5,603 posts, read 4,214,284 times
Reputation: 10567
Quote:
Originally Posted by FrankMiller View Post
There is no person on Earth, including Donald Trump, who can confirm the details at this time.
I guess you did not notice but the order instituting the tariffs was signed yesterday.
Reply With Quote Quick reply to this message
 
Old 03-09-2018, 11:08 AM
 
Location: 5,400 feet
2,209 posts, read 2,277,145 times
Reputation: 2865
Here are the orders:
https://www.whitehouse.gov/president...united-states/
https://www.whitehouse.gov/president...united-states/
Reply With Quote Quick reply to this message
 
Old 03-09-2018, 03:42 PM
 
Location: Ohio
18,045 posts, read 13,258,699 times
Reputation: 13867
Quote:
Originally Posted by Pfalz View Post
So there is a consensus that the tariff is only going to apply to raw materials? Can anyone provide something official that confirms this?

It also seems like there is a pretty vast continuum of what might be considered "raw" steel - where do you draw the line? For example there are steel sheets (clearly 100% steel) and preemptively subject to 25% tariff; to powder-coated steel (an intermediate product with 98% steel) or a steel pipe (100% steel but a finished good - and if you added a PVC fitting to make it only 95% steel, would you avoid a tariff?).

Since you are in the know (and I admittedly am not), please link to some detailed facts.
With respect to aluminum, it clearly states:

(1) For the purposes of this proclamation, “aluminum articles” are defined in the Harmonized Tariff Schedule (HTS) as: (a) unwrought aluminum (HTS 7601); (b) aluminum bars, rods, and profiles (HTS 7604); (c) aluminum wire (HTS 7605); (d) aluminum plate, sheet, strip, and foil (flat rolled products) (HTS 7606 and 7607); (e) aluminum tubes and pipes and tube and pipe fitting (HTS 7608 and 7609); and (f) aluminum castings and forgings (HTS 7616.99.51.60 and 7616.99.51.70), including any subsequent revisions to these HTS classifications.

With respect to steel, it states:

(1) For the purposes of this proclamation, “steel articles” are defined at the Harmonized Tariff Schedule (HTS) 6‑digit level as: 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90, including any subsequent revisions to these HTS classifications.

You'll have to refer to https://hts.usitc.gov/current and specifically Section XV for iron and steel.
Reply With Quote Quick reply to this message
 
Old 03-10-2018, 08:27 AM
 
Location: Boston
5,097 posts, read 1,462,732 times
Reputation: 3735
effects 9 billion dollars, a small percentage (much less than 1%) of our economy. Hardly a blip on the screen.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top