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An increase of steel/aluminum prices will also reduce the competitiveness of American producers using such metals -resulting in net job losses in those sectors. Just look at how many people the auto, aviation and whatever else industries employ, what kind of jobs they offer to Americans, and their impact on American tech competitiveness, these tariffs become hard to fathom. ...
Quote:
Originally Posted by 2sleepy
...There are around 140,000 steel workers but there are many, many more people who work in industries that use steel in production, as the price of steel increases those industries will react in some way, either by raising prices, moving production to another country or reducing output.
2Sleepy & CloudReader, tariffs consequences are similar to “bait and switch” sales. The consequences due to enacting a tariff on steel and aluminum could be to increase importation of foreign vehicles and other products that are price affected by the cost of those metals.
Import Certificate policy is applicable to beef, mutton, wine, grapes, electronics, trucks, locomotives and almost all other tangible products. It doesn't determine what will or will not be imported, but it will very significantly reduce if not eliminate USA's chronic annual trade deficits of goods. It cannot prevent importation of a product for which there's effective demand.
Tariffs help developing, bourgeoning sectors. Not mature ones. It makes sense for India or Brazil to have some tariffs on manufacturing. It makes little sense for the U.S. or Western Europe to have them.
You only want tariffs for industries that are small and trying to establish themselves. ...The vast majority of manufacturing jobs have been lost to technological innovation.
RedGuard, I'm a proponent of Import Certificates rather than tariffs. Annual trade deficits are always detrimental to their nation's GDP. It is nonsense to contend GDP per capita is less economically critical to a more developed nation. Anything that reduces USA GDP is a similar drag upon our number of jobs. GDP is reflected upon and also reflects at our numbers of jobs.
Producers of goods generally require production support from other production supporting enterprises. The automated production you may be referring to requires technicians to maintain and update those automatic devices. The devices themselves become obsolete and require replacement. The production facility has to be maintained. Importing finished goods because we cannot compete with lesser foreign wage rates is not a good thing.
RedGuard, I'm a proponent of Import Certificates rather than tariffs. Annual trade deficits are always detrimental to their nation's GDP. It is nonsense to contend GDP per capita is less economically critical to a more developed nation. Anything that reduces USA GDP is a similar drag upon our number of jobs. GDP is reflected upon and also reflects at our numbers of jobs.
Producers of goods generally require production support from other production supporting enterprises. The automated production you may be referring to requires technicians to maintain and update those automatic devices. The devices themselves become obsolete and require replacement. The production facility has to be maintained. Importing finished goods because we cannot compete with lesser foreign wage rates is not a good thing.
Respectfully, Supposn
No magic in the world will make $20 a day = $20 an hour. We shouldn't want those production jobs. They're crap, low pay, unhealthy, and bad for the local environment. Why people want to take us back to the 19th century is beyond me.
Brazil processes it's steel with coal bought from the US, so of course they will tariff that if we do not give them exemptions.
So with everyone petitioning for an exemption, do those who support the tariffs become unhappy if we provide exemptions to multiple countries?
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No magic in the world will make $20 a day = $20 an hour. We shouldn't want those production jobs. They're crap, low pay, unhealthy, and bad for the local environment. Why people want to take us back to the 19th century is beyond me.
RedGuard57, what's the point of your post?
Who's advocating or contending a $20 a day equates to $20 per hour?
Why shouldn't we want jobs?
Why should we prefer they not be productive jobs?
A job that produces or contributes to the production of goods or service product is a productive job. If not productive jobs, what non-productive jobs do you prefer our government promote?
Why should government be promoting some jobs and not others?
Who's attempting to “take us back to the 19th century” and how do they intend to do that?
Republican Senators Lisa Murkowski and John Cornyn, who represent two of the largest oil-producing states, are not big fans of the Trump administration’s plan to impose tariffs on imported steel and aluminum.
Murkowski said the tariff decision yesterday took her by surprise. The move “sends a confusing message to our friends and allies” who are just starting to buy U.S. energy exports, the Alaska senator told attendees of the CERAWeek by IHS Markit conference in Houston on Friday.
This may hurt my neck of the woods if it's serious tariffs, hopefully it's Trump's impulsive, don't know any better tariffs.
It's still just taxing self -- artificially making steel and aluminum US domestic market prices higher -- economically, that's never a winner -- Rust Belt factories will become more inefficient, more projects will be cancelled due to over run budgets. Inflation and higher interest rates, stock market crash may follow.
Trump has a privileged life and is someone who does not know better and will not listen to others.
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