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China is one of the largest steel suppliers on the planet. If China sells steel to Mexico, who then ships it into the U.S. tariff free via NAFTA, it's still Chinese steel. If China buys a Canadian steel plant & then ships it's steel into the US tariff free using NAFTA, it's still Chinese steel.
For the past 30 years Democrats understood this, understood the damage caused by NAFTA & pledged to end it. Now that Trump is doing precisely that, you're against it. Just like lowering taxes on the middle class. Just like enforcing our borders. Just like allowing the terminally ill to try experimental drugs. It's really that simple.
There's not a single Canadian owned steel plant in Canada. They're ALL foreign owned. Every single one. I haven't gone through the Mexican steel plants, but I'd bet it's a similar situation. Don't you see how this flam-flam game is played?
Like how Mercedes Benz owns manufacturing plants in the US? That's still US production. Ownership does not define country of origin. If that is the case, Budweiser is Belgian.
If a Chinese plant makes the steel in Canada, it's Canadian. If they own a plant in the US, it's American production.
Don't you see how the actual world works? Secondly Canada's main product in this fight is aluminum, and we're screwed there.
Here's an interesting article on the effects of the aluminum tariff. $600M to Canada so far, and estimated 20,000 lost US jobs over time. MAGA. MAGA. MAGA. Can't stand this level of winning all the time...
First, the tariffs are not in place yet, so how have they made $600M due to the tariffs? Second, none of that is Canadian aluminum. It's all multinational corporations and conglomerates using NAFTA to avoid paying import tariffs to the U.S.
Furthermore, look at the explanation of why the U.S. needs Canadian aluminum:
"U.S. electricity rates are much higher. The price differential for this critical input far outweighs the cost of a 10 per cent tariff.
That's why U.S. industry buys half of its aluminum from Canada — nearly four times as much as it buys from its own producers.
The 14 U.S. aluminum smelters are typically older, smaller, and less cost-efficient than their counterparts in Canada, not to mention the ones in China and Russia. More than half of them are either closed or operating well below capacity."
Solution: Lower electric costs, modernize & reopen the smelting plants.
You run a trade deficit with your grocery store. How's that working for you?
I bring the pancakes I "manufactured" with the raw materials I bought from Shoprite to Stop and Shop to sell them to the store so I can be flat on my trade with supermarkets.
Doing my part to ease trade deficit and bring back manufacturing jobs...esp since SnS is a dutch company- I'm sticking it to the EU.
Also working on a new bilateral trade agreement with PF Changs....
Last edited by Metsfan53; 06-01-2018 at 10:29 AM..
The world is a lot smaller these days. Not many products of any kind are exclusively made anywhere. American products have components from all over the world. Products from other countries have American components.
Tariffs on other countries just do not make much sense because in many cases, the tariffs end up being on your own countries products.
Steel and aluminum are prime examples. Several "American" cars made by Ford, GM and Chrysler are made in Canada, Mexico, Korea, China, Africa and Europe.
Putting tariffs on products only end up costing the American consumer. That extra cost is going in someone's pocket. It may or may be surprising whose pocket that is.
Only logical comment in 5 pages.
I want to add something else. This is not just stupidity on the part of the president. It is done by design (the real people in control). The u.s. is becoming number 2 in the world stage, china number 1.
Most people are proud americans but what made america number 1 is the military and the dollar. Invest enough in china and soon enough it would take american's place. We're almost there.
First, the tariffs are not in place yet, so how have they made $600M due to the tariffs? Second, none of that is Canadian aluminum. It's all multinational corporations and conglomerates using NAFTA to avoid paying import tariffs to the U.S.
Furthermore, look at the explanation of why the U.S. needs Canadian aluminum:
"U.S. electricity rates are much higher. The price differential for this critical input far outweighs the cost of a 10 per cent tariff.
That's why U.S. industry buys half of its aluminum from Canada — nearly four times as much as it buys from its own producers.
The 14 U.S. aluminum smelters are typically older, smaller, and less cost-efficient than their counterparts in Canada, not to mention the ones in China and Russia. More than half of them are either closed or operating well below capacity."
Solution: Lower electric costs, modernize & reopen the smelting plants.
Clearly you didn't read the article. Let me Fox news it for you.
They've made $600M because Canadian suppliers increased their prices by the tariff amount in March when Cheeto vonTinyhands came up with his grand plan. The increased price has already amounted to $600m in additional profits.
Ownership of Canadian smelters is primarily Alcoa (American) Rio Tinto (Australian) or Quebec investment firms.
Solution, lower electric costs and reopen plants. That's awesome. Fixing healthcare is easy too, right?
Did you skip the part where 100% of all these costs are going to be passed on to American consumers? i.e. you and me?
Like how Mercedes Benz owns manufacturing plants in the US? That's still US production. Ownership does not define country of origin. If that is the case, Budweiser is Belgian.
If a Chinese plant makes the steel in Canada, it's Canadian. If they own a plant in the US, it's American production.
Don't you see how the actual world works? Secondly Canada's main product in this fight is aluminum, and we're screwed there.
No, not like that at all. Mercedes Benz building a factory in North Carolina benefits the U.S. because they pay taxes, hire workers, build infrastructure & have to us 75% U.S. made components in the cars they produce.
NAFTA was designed to facilitate trade between US, Canadian & Mexican companies. That's why we have the tariff exemption, not so that the multinational corporations (that the left bizarrely has adopted to defend) can build satellite plants in order to avoid paying the agreed upon import tariffs. It's mind boggling how you will defend these multinational corporations to the end, even at the expense of the US worker, middle class & unions. This has been one the main planks of the liberal/democratic platform for the past 30 years. Bernie Sanders & Elizabeth Warren both campaigned on renegotiating NAFTA and even they support Trump on this issue.
No, not like that at all. Mercedes Benz building a factory in North Carolina benefits the U.S. because they pay taxes, hire workers, build infrastructure & have to us 75% U.S. made components in the cars they produce.
NAFTA was designed to facilitate trade between US, Canadian & Mexican companies. That's why we have the tariff exemption, not so that the multinational corporations (that the left bizarrely has adopted to defend) can build satellite plants in order to avoid paying the agreed upon import tariffs. It's mind boggling how you will defend these multinational corporations to the end, even at the expense of the US worker, middle class & unions. This has been one the main planks of the liberal/democratic platform for the past 30 years. Bernie Sanders & Elizabeth Warren both campaigned on renegotiating NAFTA and even they support Trump on this issue.
Is there a Chinese owned steel or aluminum company in Canada?
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