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The problem is, you can create jobs and still hurt the economy as a whole. I don't think adding some aluminum jobs in Kentucky outweighs aluminum prices going up for everyone here.
If you want to take it to its logical conclusion, why wouldn't it benefit a single state, or city, or family, or individual to produce their own aluminum? They're creating jobs for themselves...
The problem is that it would cost more, so it's a net negative. If companies in other states can produce aluminum more cheaply than one here in Wisconsin, we could put tariffs on aluminum and that would create jobs here....but why do that? Same applies to countries.
^
Good point. The logic of the OP and others supporting the tariffs amounts to saying that raising prices is good. Why don't we raise the tariffs to, say, 500%? Surely that will create lots of jobs in the steel industry! Too bad it would kill a whole lot of steel consumers.
OP doesn't realize this, but it is likely to send some manufacturing jobs overseas. Some manufacturers will decide it's cheaper to make something in another country and export it here than to pay ridiculous prices for steel.
The announcements you speak of are pure speculation made to sound good to trump cultists, there are at the moment no new jobs or aluminum factories just one guy on FOX making the claim.
These tariffs are only going to drive up the cost of imports to overcome these tariffs, everything made of steel or aluminum will cost more and then theres the retaliatory nature of protectionism. these tariffs are a really dumb idea.
I don't think it will be that bad for steel consumers either. Production will shift back to the United States or to those countries that the USA does not have a tariff with - that is why countries like the EU are threatening tariffs themselves, this is all part of a negotiating process so eventually they don't have a tariff put on them. But the Europeans are not the main ones dumping steel and aluminum on the World market so a deal can be worked out with the USA.
Prices will come down. In order for a steel plant to make it in Pennsylvania, Illinois, Indiana, Ohio, Alabama etc., it still needs to be cost competitive and they will do it by using new technology and automation. Automation will provide less jobs then in the past but it still better for the USA to have say 300 jobs in Kentucky than 1,000 jobs somewhere in Asia.
I agree. I believe overall this will strengthen our steel and aluminum industry and be better for both consumers and producers.
And give credit where its due, Trump wanted to bring back manufacturing jobs at least he is making an effort. I do not support Trump on many of his policies and ideas, but this is one of the few things we should support.
So trump announces that he is going to add tariffs and within days a manufacturer adds 300 new jobs without waiting for it to be finalized? Sounds pretty stupid and/or premature to me.
Last edited by blktoptrvl; 03-07-2018 at 11:30 AM..
Following new jobs coming to Tennessee due to LG announcing a new Washing Machine plant in Tenn, now USA AL manufacture announces 300 new jobs coming to Kentucky. Average salary is $90K
Would that be because it proves that Trump's tariffs are immediately working?
Quote:
Originally Posted by jambo101
Fake news
It actually IS fake news! While Trump did announce his ill-conceived plans to start a trade-war, the tariffs have not gone into effect, and in fact, he has not yet signed the order yet, so it truly is FAKE NEWS. Waldo Kitty screams fake news about everything, only to be proven time and time again that she is wrong (by someone posting video evidence), but here she is posting fake news herself. Too ironic.
And to put a point on how rediculous this claim is: It assumes that companies are investing millions (if not billions) to build new plants and reopen old ones, based on a statement from the President who is known to flip-flop based on the highest bidder. Just from a due-diligence point of view, they are not going to build plants based on something he says he'll do, especially something that is illegal in WTO rulings, and highly subject to being overruled or overturned, or influenced due to reciprocation.
In a word, NO BUSINESS PERSON in their right mind is making decisions based on this unfulfilled statement. PERHAPS they are using the opportunity to make press releases about plans already in the works, but the thought that they are investing billions based on a single statement is well beyond laughable.
Trump is using this to get a better trade deal with mexico and canada. He's 2 steps ahead of the liberal media. They'll never catch up, they aren't smart enough to figure it out.
Don't what media you are reading, but it's all over the news.
First off, it's a non-starter. Canada has said as much. Trump can threaten all he wants, but the tariffs will not be used as a bargaining chip in the NAFTA talks.
What Canada has said, and WILL do is retaliate against the US. It also won't be just Canada.
So trump announces that he is going to add tariffs and within days a manufacturer adds 300 new jobs without waiting for it to be finalized? Sounds pretty stupid and/or premature to me.
Quote:
Originally Posted by Natnasci
Don't what media you are reading, but it's all over the news.
First off, it's a non-starter. Canada has said as much. Trump can threaten all he wants, but the tariffs will not be used as a bargaining chip in the NAFTA talks.
What Canada has said, and WILL do is retaliate against the US. It also won't be just Canada.
Nobody wins.
That is a decent point Blktop. Lots of people getting numbers out of the blue to sway public opinion.
Natnasci, all sides are trying to maximize their negotiating position here. The reality for Canada is that the USA is the best option, with the possible exception of the EU. With the USA, Canadian businesses gets access to a nearby market of 320 million people while only offering a market of 37 million in return. And the EU? After negotiating with the USA, I think they will follow and work with the USA in order to save their own steel and aluminum industries. They have the same problem with the dumping of steel and aluminum that the US has.
I assume, at the least, the Japanese. I never touch bourbon. Nasty stuff.
Anyway, give an example of what a shot of good bourbon in the US costs, and what the same shot costs in Europe. I would be interested to know.
Here was something I found quickly. It was a UK only released bottle of Blanton's. It sold in the UK for $75 US. A regular off the shelf bottle of Blanton's , at least here in Michigan is roughly $69.
Funny thing is collectors where buying the UK bottle and shipping it back for an added cost of $30. Crazy.
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