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  1. #21
    Niall996 Niall996 is offline
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    Quote Originally Posted by former wesleyan View Post
    The largest single exporter of steel to the US is Canada– which in fact has stronger labor laws. By contrast:

    Although China is the world’s largest steel exporter, it is only the 11th-largest source country to the U.S., accounting for just 2 percent of total U.S. imports last year.

    China is exporting to the US via third party proxy countries.
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  2. #22
    gleeful gleeful is offline

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    Quote Originally Posted by Niall996 View Post
    China is exporting to the US via third party proxy countries.
    Canada?
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  3. #23
    Sync Sync is offline
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    Quote Originally Posted by Niall996 View Post
    China is exporting to the US via third party proxy countries.
    Canada? Mexico? The EU?

    Like so much Trump tries (health care and gun control are good examples), he promises or takes action in fits of pique without really thinking about what endgoal he wants.

    The problem is China dumping goods. They do it everywhere. It is a shared problem they you can unite your trade partners on and take action. But no, his desire to do “something” because he had a bad week results in him declaring economic war on those partners.
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  4. #24
    smitchy2 smitchy2 is offline

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    We all support the buy irish campaign and the eu impose tarrifs of agri products for our benefit.
    But when trump does it for america its terrible?
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  5. #25
    Old Mr Grouser Old Mr Grouser is offline
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    Quote Originally Posted by Dame_Enda View Post
    There is a legitimate national security argument for protecting steel in case of a war ...
    This isn't about steel, or about trade.

    It's about jobs.

    In recent decades these trade agreements have enabled other countries to export their unemployment problems to the USA.


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  6. #26
    Sync Sync is offline
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    160k people employed in steel industry.

    6 million people employed in steel utilising industries.
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  7. #27
    Dame_Enda Dame_Enda is offline
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    Quote Originally Posted by Sync View Post
    160k people employed in steel industry.

    6 million people employed in steel utilising industries.
    In 1900, the US produced 37% of the world's steel. Now China produces 50% of it. Thanks in part to unwise trade liberalisation that helped turn China into a superpower. For example in 1990 China produced 66.4 million metric tonnes of steel, compared to 831 million metric tonnes now. Clinton pushed free trade with China.
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  8. #28
    Old Mr Grouser Old Mr Grouser is offline
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    Quote Originally Posted by Sync View Post
    160k people employed in steel industry.

    6 million people employed in steel utilising industries
    .

    So stick on more tariffs and protect more jobs.

    When it comes down to it Long Term Unemployment is a far more serious issue than the Standard of Living or "Progress".

    The USA could servive very comfortably as an Isolationist nation.

    And if it wasn't so deeply involved in International Trade then it wouln't be so deeply enslaved to International Financiers - and it wouldn't be fighting all the little wars on the other side of the world.


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  9. #29
    Lumpy Talbot Lumpy Talbot is offline

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    Fantastic in a way. The US has been touting for free trade through the World Trade Organisation for decades and yet when the consumer of steel does the natural thing in an open market and buys from the seller with the lowest price (which doesn't happen to be the US) suddenly the seller is some kind of cheat and can be redefined as someone who is attacking American interests.

    In a free market system which has been the US political religion if other countries are undercutting the US then it is up to the US to either find a way to undercut that price or withdraw from a less than profitable market.

    Seems to me that the US wants it both ways- open access to markets for its goods and protectionist barriers against anyone else.

    Otherwise, somehow, it is 'unfair'.

    Bottom line is that if China has managed to secure 50% of the world's steel market it is because they are offering customers a better deal.
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  10. #30
    gleeful gleeful is offline

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    Quote Originally Posted by Sync View Post
    Canada? Mexico? The EU?

    Like so much Trump tries (health care and gun control are good examples), he promises or takes action in fits of pique without really thinking about what endgoal he wants.

    The problem is China dumping goods. They do it everywhere. It is a shared problem they you can unite your trade partners on and take action. But no, his desire to do “something” because he had a bad week results in him declaring economic war on those partners.
    China dumps goods. Firms get cheap state loans to make goods and then sell them abroad below cost. The aim is to wipe out competition and eventualy jack up prices.

    Silicon Valley's business model is service price dumping. They use cheap VC funds to wipe out local competition around the world and then jack up the price. Google did this successfully with the advert industry. Uber is doing it now with taxis - Uber loses money on every sale but their investors keep pouring in cash.
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