Trump to enact $7.5 billion in tariffs on EU imports following WTO ruling

Posted by $ nickursis 4 years, 7 months ago to Government
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Boom! EU is hammered by Trump. Illegal subsidies finally recognized. Level the playing field.


All Comments

  • Posted by $ 4 years, 7 months ago in reply to this comment.
    "....forcing American manufacturers to adjust their supply chains."
    That is the issue, businesses need to constantly review their supply chains, and when costs change and there is a cheaper source, switch.

    ""The only tariffs that have been lifted, of all of the tariffs Trump has imposed, were the ones with Canada and Mexico as part of the (U.S.-Mexico-Canada Agreement). It really seems that a part of the overall strategy is that he really just likes tariffs," says Kimberly Ann Elliott,"


    Note, the tariffs on aluminum from Canada and Mexico were lifted.
    https://www.usnews.com/news/best-stat...

    "The tariffs have created more supply, but demand is down and the economy is slowing down," says Bill Reinsch, the Scholl Chair in International Business at the Washington-based Center for Strategic and International Studies. "I don't think there's anything (President Donald) Trump can do for steel beyond what he's already done, unless he gooses the economy up to 3% growth."
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    Go read the whole thread, and you can see why. Lots of materials and products are manipulated by all parties. As Dobrien pointed out, aluminium has dropped, so if you are paying more, then something else is at play, I do not recall it being a China specific item, I thought most was local.
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  • Posted by Dobrien 4 years, 7 months ago in reply to this comment.
    Aluminum prices have dropped steadily all year long. A year ago the index was at 93 today 83 that is down over 11%.

    Market Analysis
    Aluminum MMI: Global Demand Weakness Leads to Index Decline
    by Belinda Fuller on SEPTEMBER 13, 2019
    Style: Market Analysis Category: Metal Prices, Non-Ferrous Metals
    The Aluminum Monthly Metals Index (MMI) dropped again this month, falling by one point to 83.

    All but one of the prices tracked for the index dropped this month, with India’s primary cash price showing the biggest drop at 4.4%, followed by the LME primary 3-month price (down by 3.4%).
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  • Posted by LibertyBelle 4 years, 7 months ago in reply to this comment.
    Yes, there's some truth in that. As to China, I wish the United States government would simply embargo the place, not mess around halfway measures such as tariffs.
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  • Posted by Zero 4 years, 7 months ago in reply to this comment.
    That's not true at all.
    The company I work for buys lots of aluminum. Tariffs have made aluminum much more expensive. That has hurt our business.

    How can you have read Rand and not be opposed to tariffs.
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  • Posted by PeterSmith 4 years, 7 months ago
    "I am sorry you feel that way, I refrain from downvoting anyone, unless the post is really rude"
    Well someone does downvote me. By the hundreds. And only a triggered leftist would be doing that given what I post.
    "However, you and ewv seem predisposed to adopting a specific position"
    Yes it's called "Objectivism." It should be the position the majority of posters here share, but alas the majority of posters here are politically illiterate leftists, of the conservative variety.

    "A lot of us believe in the basics of the Objective viewpoint, but have been trying to make it fit the current reality"
    No that's not true. Most of you do not support Objectivism and are militantly opposed to it's ideas. Again, just look at my downvotes.
    Most of you here do not understand it and are trying to make it fight with your incorrect understanding of reality.

    "For example, to claim that all tariffs are simply statist imposition of theft is unreal and illogical"
    It is absolutely real and logical. It can be no other way if you understand the fundamentals.

    The rest of your points are equally 180 degrees wrong.
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    I am sorry you feel that way, I refrain from downvoting anyone, unless the post is really rude, I normally upvote every post in one of my threads, simply to recognize people to take the time to participate. However, you and ewv seem predisposed to adopting a specific position, and then beating it to the point of absurdity, as if the philosophical position over rides all reality. A lot of us believe in the basics of the Objective viewpoint, but have been trying to make it fit the current reality, and discuss things in that framework. We do not get completely dedicated to a specific view on an issue as to exclude all other logic, facts or arguments. For example, to claim that all tariffs are simply statist imposition of theft is unreal and illogical, since the country was founded on their use for 30 years, and it was the only source of government income. That is fact and will not change no matter what some may think. If they are used as weapons today, their excercise has to be viewed in that context, not simply as something bad. In a perfect world, there would be no government interferance or imposition, however, we are not in a perfect world, and Ayn Rand recognized that and her philosophy is a destination, not the current location. So, discussion on how something current can fit into it, or be changed to go that way, would be more welcome than just blanket statements that reality does not match Ayn Rand's philosophy. Many of us came to Ayn Rand through Atlas shrugged basically because we value freedom and individual responsibility and effort, and do not agree with government efforts to loot us to support their goals and aims.The downvoting is an expression of frustration with what appears to be a disconnect between the reality and the ideal, and the fact you seem to be locked into the ideal.
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    • PeterSmith replied 4 years, 7 months ago
  • Posted by PeterSmith 4 years, 7 months ago in reply to this comment.
    Galt's Gulch is a pretty good example of what I'm talking about. Objectivists and actual right wingers would never be downvoting any of my posts here.
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  • Posted by lrshultis 4 years, 7 months ago in reply to this comment.
    Why is it that so many look at what is easily seen and do not look at what is not seen, i.e., the future consequences of the action, in the case of tariffs, the decrease in standard of living of the consumer and the increase of tax money for the government to mess things up?
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    Capt, you are assuming that "govt" is a neutral entity, and the reason you see "The problem we have, and I know because I am invested in a small biotech. Is that the novelty of the research GETS Federal Aid $$$ (Millions) to help pay for the research. But none of this gets paid back. And our goal is to simply get snatched up by one of the big players as we think we have something... So the richest companies are USING Fed $$ indirectly to fund their R&D. LMAO." is that all those pharmas are connected back tot he deep state, and if you go do a little diiging, you will find they connect through most major industry. Since Clintons and Obama were brought to be politicos, they specialized in that, other families do Pharma, Entertainment, Manufactured goods like clothing and furniture, and hard goods. They all connect, they all feed each other. This is the root of the whole "Feds pay for" crap, they just steal the money, and redistribute tot he families, who then send it to the big banks, feeding the banker families. That is why, without killing the deep state itself, it will never end.
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  • Posted by CaptainKirk 4 years, 7 months ago in reply to this comment.
    I think you are misreading some people.
    I for one want the state to be "Controlled Opposition". ie, as the drug companies poison actual research, the job of the govt is to tax them (10% tax on drugs), and provide that money as RESEARCH grants for OPPOSING points of view.

    The problem we have, and I know because I am invested in a small biotech. Is that the novelty of the research GETS Federal Aid $$$ (Millions) to help pay for the research. But none of this gets paid back. And our goal is to simply get snatched up by one of the big players as we think we have something... So the richest companies are USING Fed $$ indirectly to fund their R&D. LMAO.

    The govt should be more like Police than participants. Keeping the rules applied evenly, PREVENTING the Soros kind of interference we have.

    Unfortunately, even our forefathers couldn't predict HOW the MONEY would be used to attack our politics and the people who run the various governmental schemes. They just knew it would!

    .
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    Well, you will be glad to know that is echoed on a lot of levels, in a lot of places, and what we hear in media is nothing near reality. Exactly what you posted is what I heard a couple people say on Lars Larsen today.
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  • Posted by CaptainKirk 4 years, 7 months ago in reply to this comment.
    Thank you for pointing out WHY We NEED TRUMP!

    When the left is in power, they corrupt EVERYTHING, the judges, the rules, the education system.

    Then, when conservatives get power, they "Must follow the rules" so they look like proper conservatives.

    And we get our Arses Kicked ALL DAY LONG! On the corrupted RINOs stick around. And they BEAT UP Other Non-Leftists with the Conservative Values.

    Finally, just give me someone who is going to fight for the American PRODUCER, and the American People.

    I will GLADLY PAY MORE to help Trump remove the Tariffs that DONT SEEM to be punishing Japanese people when we can't sell our cars there, etc. etc. etc.
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    Tariffs enacted on our side should not be an impact on an American producer, retaliatory ones imposed will be, though. If the EU does do that, they will have legitimatized the whole WTO system and so companies that have been "punished" by the WTO and EU (Microsoft and Intel come to mind) should be able to sue them.
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  • Posted by CaptainKirk 4 years, 7 months ago in reply to this comment.
    What have you bought lately that felt PUNITIVELY Priced?

    The Theory behind absorbing these is based on all things being equal. When ONE side effectively tariffs your goods, to promote their sellers...

    In reality. Lets use higher labor costs to pick CA vegetables if all were legal. Yep, the consumer would have to absorb higher prices. NET effect is a WIN, because we don't have to provide BILLIONS in healthcare, food stamps, housing, etc. etc. etc.

    So, it is a LOT more complicated than "OMG we will pay more". I will GLADLY PAY MORE temporarily to get an even playing field!

    Where is the COURAGE in Conservatives these days?

    Apparently the tariffs don't seem to be hurting European people as much as American Producers!
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  • Posted by $ 4 years, 7 months ago in reply to this comment.
    You must be speaking to a weird tribe of conservatives. My experience is 90% of the people I speak with are NOT wanting government to do anything but its expected responsibilities in providing serivces used by all. The do not endorse any social systems, engineering, dogma or restrictions. You need better samples.
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  • Posted by minister-liberty 4 years, 7 months ago in reply to this comment.
    I think you are right about Trump. I think the goal is fair trade and tariffs are a tool for negotiation. I don't like the tariffs, but it may be an effective tool.
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  • Posted by $ Thoritsu 4 years, 7 months ago in reply to this comment.
    I get olive oil from CA (as distasteful as that is). The olive oil from Italy, and perhaps other spots down there was overwhelmingly fake. Not sure if they addressed this after the new piece on it.
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  • Posted by mccannon01 4 years, 7 months ago in reply to this comment.
    I have made no demands to frame what your solution might be, political or otherwise. You've wasted a lot of verbiage not saying what your solution to the problem may be. With all that avoiding, evading, deflecting and dodging you still haven't answered the question. I figure you just don't know and have nothing to offer.
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