Trade wars - shooting yourself in the foot.

[JimC]

Full of gristle, though...

[laklak]

You fry young chickens, but stew the old hens.

[Tero]

2.5 Billion Pounds of Meat Piles Up in U.S. as Production Grows, Exports Slow
https://www.wsj.com/articles/meat-piles ... _lead_pos3

[Scot Dutchy]

Pay wall.

[Svartalf]

yeah, it's a bother

[Scot Dutchy]

What I did read it what Trump seems to forget. Trade wars are double edged.

[Svartalf]

well, remember that the country ran under the Monroe doctrine for more or less a century... territorial expansion is more important than foreign trade... of course, the US no longer have half a continent to colonize.

[Tero]

Our "centrist" Democrat is running this ad

[Tero]

One mill opened in Illinois, but the bulk of them are long gone:

No matter what policies President Donald Trump pursues, it’s not coming back, and neither are the thousands of jobs lost over the decades at the nation’s remaining steel mills. The competition from overseas producers that is at the heart of Mr. Trump’s proposed 25 percent tariff on steel and 10 percent tariff on aluminum is part of the reason for declining steel mill employment, certainly, but the bigger story is technology, innovation, automation and productivity gains. Just like Mr. Trump’s promise to bring back the coal industry, his planned steel and aluminum tariffs are based on a naive nostalgia, and they could come at a tremendous cost.

About 80 times more Americans work in industries that rely heavily on steel or materials made of steel than do in steel production, according to researchers from Harvard and the University of California, Davis. Tariffs raise their costs and could consequently cost jobs. How Mr. Trump’s tariffs will play out in that regard remains to be seen, as he has offered few details. But previous attempts to address dumping of low-cost foreign steel on the market have had a mixed impact at best; an analysis of President George W. Bush’s 2002 targeted steel tariffs found that more people in steel consuming industries lost their jobs (about 200,000) than worked in American steel production altogether (187,500).

...and the related supply chain needed to produce steel for critical infrastructure and national defense,” the Commerce Department recently concluded. That is a complete canard. Although the Department of Defense officially endorsed the president’s action, it also acknowledged that its needs for steel and aluminum amount to approximately 3 percent of domestic production capacity. Moreover, although President Trump has focused his rhetoric about steel on China, it ranks 11th among nations in steel exports to the U.S. Canada is, by a substantial margin, our largest source of foreign steel, and the top 10 is populated mainly by other close allies, including Mexico, South Korea, Japan and Germany. We are not at risk militarily.

Mr. Trump takes a simplistic view of international trade — if we import more from a country than we export to them, we’re getting ripped off and have been foolish not to retaliate. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big,” he tweeted Friday morning. “It’s easy!” That has never been the history of trade wars, and it won’t be this time, either. Thursday’s announcement of the tariffs came after months of back-and-forth within the White House, with rival factions of ideological protectionists and economic realists dueling for Mr. Trump’s attention.

http://www.baltimoresun.com/news/opinio ... story.html#

[Tyrannical]

No matter what policies President Donald Trump pursues, it’s not coming back, and neither are the thousands of jobs lost over the decades at the nation’s remaining steel mills.

Silly Trump haters just don't get it. Trump is making domestic steel production a national security issue. Sort of like a weee little bit of socialism, where the government will dictate and set policies so that steel production does come back. Maybe some nice tax breaks..... since he's saving so much cash not renewing the silly solar industry subsidies.

[Tero]

Which it is not. Unlimited steel from Canada.

[Scot Dutchy]

For Trump steel is steel. Americans have not invested for years in their industries. America needs specialist steel which it does not make so now it is costing them a fortune to import it.

[Tero]

No matter what policies President Donald Trump pursues, it’s not coming back, and neither are the thousands of jobs lost over the decades at the nation’s remaining steel mills.

Silly Trump haters just don't get it. Trump is making domestic steel production a national security issue. Sort of like a weee little bit of socialism, where the government will dictate and set policies so that steel production does come back. Maybe some nice tax breaks..... since he's saving so much cash not renewing the silly solar industry subsidies.

Why do you wish to support a president who puts out dumpster fires he started himself? To shock liberals? It only worke for a year. We are numb from Trump assault by now. For you this is just comedy for 4 years at our expense.

[Tyrannical]

Why do you wish to support a president who puts out dumpster fires he started himself? To shock liberals? It only worked for a year. We are numb from Trump assault by now. For you this is just comedy for 4 years at our expense.

Trump gets stuff done. Somehow his brash crude attacks work.

He's sitting large amounts of conservative judges.
Unprecedented thawing with North Korea. There's a long way to go still.
Renegotiating trade deals. A lot of them were unfair, the US has the economic might and Trump the will to get concessions.
Trying to secure the border.
Oil and gas industry are doing good under Trump.
Trump is getting NATO partners to spend more, some of that cash on US made military goods.
Trying to thaw relations with Russia.
Ending Iran's nuclear aspirations, thus stabilizing the middle east more long term.
Defeat of ISIS.

[Scot Dutchy]

Eating too much Trumpian soup.

He has not done any of those things you claim. It is pure Trump propaganda. Hard facts? You dont have any nor does Trump.