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Why is it OK for the EU to place tariffs, but not the US?
Europe is stepping up its fight against cheap Chinese steel imports in an attempt to save thousands of jobs.
The European Union announced Friday that it would impose new tariffs of up to 13% on Chinese imports. Chinese companies have been accused of selling unwanted steel in Europe for less than it costs to produce and export, suffocating local rivals.
China produces half of the world's steel, more than the United States, European Union, Russia and Japan combined.
In terms of environment it is crazy to ship giant amounts of steel across oceans. I know it may be cheaper, but still, it is a symptom of our sick economic system based on nigggard (had to misspell it, the silly forum software didn't accept the correct spelling) consumers, greedy companies and shareholders etc.
Well, someone got out in time...hmmmm. Almost like he knew what was coming. "...President Trump’s decision Thursday to impose crippling tariffs on the imports of steel and aluminum took many by surprise — particularly investors, as the Dow Jones Industrial Average closed the day’s trading down more than 400 points, or 1.7 percent, at 24,608.
But one billionaire investor and former Trump adviser, Carl Icahn, was seemingly unvexed, having dumped a million shares tied to the steel industry a week before the president announced 25 percent tariffs for foreign-made steel..".
China is on the way to be the worlds top economy, but not by playing by the rules. Countries, mostly us, want cheap goods, cheap more ways than one. They produce inferior products with questionable materials, and with very little quality control. The world eats this chit up. Countries want it, they will produce it, cheap. Be careful what you ask for.
Years ago I worked for a company that was owned by two Chinese guys. Every so often one of them would go over to China to check on their stuff being manufactured. On return they would tell us what to pay close attention to as for quality, saying QC over there was just about non non existent.
Remember years ago when just about everything was made here. You didnt get something because it cost too much, and you lived with that. Not now. Peoples values and morals have changed. People feel entitled, well you got it. Live with it. Read again my last sentence of the first paragraph.
That's not true anymore. Like in every other respect, the Chinese are constantly and rapidly improving.
There are top Chinese products these days.
Cheap stuff is usually crappy, no matter in which country it is made.
The problem is that for importers in the West, importing stuff from China is only lucrative when it is cheap in China. Importing quality products from China is not lucrative.
And China can't be blamed for exporting the stuff the West wants.
It is a bit like with Japan decades ago. Made in Japan was a kind of stigma originally, but over time it became a seal of quality, often higher quality than in the West.
You forgot that things will ultimately cost more for you to buy.
Quote:
Originally Posted by cuebald
Tariffs on steel and aluminum have been assiduously avoided by ALL of Trump's predecessors, however, except for W who tried it in 2002 and killed 200,000 jobs here in just over a year. Trump just raised the prices on almost all of the consumer goods in America with this bonehead stunt to draw attention to himself.
And it still won't make Bob Mueller forget about Russia.
here on CD there was a poll... and even you Cue, said you were willing to pay more for American made
Why is it OK for the EU to place tariffs, but not the US?
Europe is stepping up its fight against cheap Chinese steel imports in an attempt to save thousands of jobs.
The European Union announced Friday that it would impose new tariffs of up to 13% on Chinese imports. Chinese companies have been accused of selling unwanted steel in Europe for less than it costs to produce and export, suffocating local rivals.
China produces half of the world's steel, more than the United States, European Union, Russia and Japan combined.
Why is it OK for the EU to place tariffs, but not the US?
Europe is stepping up its fight against cheap Chinese steel imports in an attempt to save thousands of jobs.
The European Union announced Friday that it would impose new tariffs of up to 13% on Chinese imports. Chinese companies have been accused of selling unwanted steel in Europe for less than it costs to produce and export, suffocating local rivals.
China produces half of the world's steel, more than the United States, European Union, Russia and Japan combined.
The U.S. does place anti-dumping tariffs. Google is your friend. Examples:
From an article dated February 4, just 3 weeks ago:
Quote:
The US Commerce Department announced earlier this week it would impose punitive tariffs ranging from 63.86 per cent to 190.71 per cent on China’s stainless steel products after concluding anti-dumping and anti-subsidy probes.
The Commerce Department said Friday it would impose preliminary import duties in the range of 96.81 percent to 162.24 percent on Chinese aluminum foil, saying the goods are being sold at unfairly low prices. China disagreed with the U.S. move.
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The U.S. does place anti-dumping tariffs. Google is your friend. Examples: