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US slaps 522% import tax on Steel

 
Anonymous Coward
User ID: 72235009
United States
05/18/2016 05:40 PM
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Re: US slaps 522% import tax on Steel


oh lookie the president wants a trade war with china


China doesn't make anything we can't live without.
Those electronics ... the components are almost all of them made elsewhere and china just puts them together.
Anonymous Coward
User ID: 17028059
Costa Rica
05/18/2016 05:42 PM
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Re: US slaps 522% import tax on Steel
[b"How in the hell does it help them if they kill us off?"

just an observation…

I have been wondering the same thing for a while...

In Nature you see a lot of examples of humanity… natural selection, murder between species sometimes… and parasites.

This concept is "foreign" to the working populace. This concept is "foreign" to most of the plant kingdom… most species struggle to survive, thrive, and reproduce. The parasite has a different "ideology". It will GROW, usually at a very quick rate, SURPASS it's host, ROB NUTRIENTS, SUNLIGHT, and literally STRANGLE it's HOST. It could care less…. it is a different species. It is just a FACT of Nature. It IS.

Man is the only species that if a large amount of the HERD could embrace the same principals, the PARASITE could be CAST OFF. That is the reason for MIND CONTROL of the COLLECTIVE…. but that is another topic entirely.
Ron Bananas

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Costa Rica
05/18/2016 05:45 PM
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Re: US slaps 522% import tax on Steel
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen
 Quoting: B@Z


Oh yes it will.
 Quoting: Anonymous Coward 7560996


Hard to say, remember we still have business expenses like OSHA, unemployment, SS, workers compensation, not to mention liability insurance for the people who sue the company when they get their feelings hurt.
Anonymous Coward
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Costa Rica
05/18/2016 05:47 PM
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Re: US slaps 522% import tax on Steel
WOW!!! The U.S. is showing some balls finally. Let's see how the Chinese retaliate...but I like it so far.
 Quoting: Anonymous Coward 34166608


Retard! Wait til you need to build something using steel… or rent the office space. You idiots are so short sighted and stupid it is astounding. SOCIALISM means you MUST PAY MORE… and where do you think the money goes????

The infrastructure for producing steel was removed from us, and what is left is in the hands of foreigners…. You MAD ENOUGH YET????
Madmacs

User ID: 70368693
United States
05/18/2016 05:50 PM

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Re: US slaps 522% import tax on Steel
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen
 Quoting: B@Z


yup because Americans would have to go to REAL WORK -

imagine getting millennials to work in a steel mill !!


epiclol
Anonymous Coward
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United States
05/18/2016 05:52 PM
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Re: US slaps 522% import tax on Steel
They did the same thing with aluminum 5 years ago, but it had a lot more to do with Goodman Sachs getting in to the commodity business than it did about bringing jobs back to the U.S. It actually did more to hurt US jobs, because the higher duty was only on aluminum extrusions used to manufacture other products. The duty didn't apply to finished good that used the extrusions, so it led to more manufacturing in China and less jobs here. It only helped a handful of large US extrusion companies and allowed Goldman to fix the price on raw aluminum.
Billxam

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United States
05/18/2016 05:52 PM

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Re: US slaps 522% import tax on Steel
War.

One of the first signs.
 Quoting: eyeDR3


Stoopid is as stoopid does.

Humankind is a shitstain in this cnr of the galaxy.
 Quoting: Anonymous Coward 72234948


And you know this because.....?
Proud to be UnV'd

There is one constant in life: If you build something worth having, someone will try to take it or destroy it.

Proud member of A Brotherhood Against Totalitarian Enactments, Americans Who Hate Aging, proud supporter of attractive women.
GUAM USA

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Guam
05/18/2016 06:18 PM
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Re: US slaps 522% import tax on Steel
Want to know the fucked up part? Much of that Chinese steel is recycled from American scrap that's been exported back over there because our politicians are clueless assholes.

If Trump never came along...this issue would never have been addressed.
 Quoting: Anonymous Coward 72234808


trumpright
 Quoting: ScrumpTheTexan


rockon
ChvyV8Bldr

User ID: 21517811
United States
05/18/2016 06:30 PM

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Re: US slaps 522% import tax on Steel
Thank god I already bought the metal roof materials for my house while the price was low. We are in the installation process now.
 Quoting: catnahalf


Your house has a steel roof?
Will we even know we were alive when we're dead? Me

Kingdoms were run by kings
Empires were run by Emperors
Countries are run by.....
Dumps were almost fixed by Trump
Anonymous Coward
User ID: 71251994
United States
05/18/2016 06:32 PM
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Re: US slaps 522% import tax on Steel
Imagine you setup a mill pressing cold steel sheets and you start buying all the scrap that normally goes to China. There are investment groups already ramping these ops up and the second the law changed.

Thats how efficient our system is. Strike where the iron is hot.
 Quoting: Anonymous Coward 70784965


Bingo!

All metals will rise as a result as well.
Anonymous Coward
User ID: 15016098
United States
05/18/2016 06:38 PM
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Re: US slaps 522% import tax on Steel
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen
 Quoting: B@Z


Except the part where foreigners now own most of the steel production in this country. What exactly do you think will be exported elsewhere through TPP and the rest of the secret trade deals? They are about sending materials and goods from this country overseas while importing the crap materials and goods from them. Raw materials to build up third world countries while cheap foreign workers are imported to work in those mills. All the while, wages for Americans stagnate while prices rise from less dollar usage around the world. The profligate debt spending is starting to come home to roost.
Term Limits

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United States
05/18/2016 06:48 PM
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Re: US slaps 522% import tax on Steel
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen
 Quoting: B@Z



You're right, won't happen. What will happen is the cost of vehicles spiking again.

10 years ago I bought a fully loaded Z71 Suburban for $40k new. The2016 version is $68k. Next year will probably be closer to $90k.

Inflation is alive and well in America, and auto prices are a good indicator while gasoline is a poor indicator.

People inherently use gas as a metric of inflation, just like bread and milk because most people buy these products at least once a week and are very in tune with the prices.
If they keep the costs of common items under control then people are slow to realize inflation creeping up around them. They watch the price at the pump like a hawk and think all is well when gas hits a 10 year low, meanwhile they didn't realize the cost of a new model of the car they drive has nearly doubled while their wage has only risen a fraction of that.
Term Limits for EVERY elected and appointed office. An end to career politicians for real change.
Anonymous Coward
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Italy
05/18/2016 06:50 PM
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Re: US slaps 522% import tax on Steel
Step 1 in TPTB's plan: De-industrialize the U.S.
Step 2: Slap huge tariffs on imported goods that are no longer produced in the U.S.

Result: Americans can no longer afford to purchase the products in question, which helps to destroy the middle class even faster.
Troogie
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New Zealand
05/18/2016 06:53 PM
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Re: US slaps 522% import tax on Steel
Thank god I already bought the metal roof materials for my house while the price was low. We are in the installation process now.
 Quoting: catnahalf


You are building your roof from chinese steel??
The Årtist

User ID: 68617607
United States
05/18/2016 06:54 PM
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Re: US slaps 522% import tax on Steel
 Quoting: Anonymous Coward 72235009


oh lookie the president wants a trade war with china


China doesn't make anything we can't live without.
Those electronics ... the components are almost all of them made elsewhere and china just puts them together.


The TPP shifts a lot of that imported Chinese manufacturing into Vietnam, Cambodia, Thailand, and Laos. Much cheaper than China. China is about to see it's labor costs skyrocket. And learning from historical Chinese culture, they will cut even more corners to remain competitive. Many of their products are downright dangerous. Cracked steel for our bridges I've heard rumors of, lead painted toys, dangerous chemical storage facilities, bad food products, etc.
RAGE
Useless Cookie Eater

User ID: 29696048
United States
05/18/2016 06:55 PM
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Re: US slaps 522% import tax on Steel
[link to www.bbc.co.uk]

The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices.

The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.

The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.

Steel is an especially sensitive issue.

US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.

The Commerce Department also levied anti-dumping duties of 71% on Japanese-made cold-rolled steel.
 Quoting: Alatucher



Proof yet again.....Trump is right with China and these corrupt trade deals.

Obama does not have an original thought in his head.

trpright

Last Edited by Useless Cookie Eater on 05/18/2016 06:56 PM
Anonymous Coward
User ID: 72228247
United States
05/18/2016 07:02 PM
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Re: US slaps 522% import tax on Steel
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen
 Quoting: B@Z


Oh yes it will.
 Quoting: Anonymous Coward 7560996


I buy American made steel all the time and I don't mind paying more for it.
Anonymous Coward
User ID: 70819465
Puerto Rico
05/18/2016 07:05 PM
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Re: US slaps 522% import tax on Steel
[link to www.bbc.co.uk]

The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices.

The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.

The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.

Steel is an especially sensitive issue.

US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.

The Commerce Department also levied anti-dumping duties of 71% on Japanese-made cold-rolled steel.
 Quoting: Alatucher


all in an effort to drive up the prices of guns
~~sIcKaNdTwIsTeD~~

User ID: 71654930
United States
05/18/2016 07:35 PM
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Re: US slaps 522% import tax on Steel
Good. China finally getting a taste of their own medicine.
 Quoting: Cade


Yep. Time to fire up our steel plants again WhooHoo!!!!!
“Politicians and diapers must be changed often, and for the same reason.”
Mark Twain
Anonymous Coward
User ID: 36603518
United States
05/18/2016 07:37 PM
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Re: US slaps 522% import tax on Steel
Including chicken parts? Baahaaahaaahaaaha

Please tell me that was a typo. Please!!!!

However, I could see kfc lobbyists pushing hard so the $5 fillups seem like a dream.
-GLP-Christian-

User ID: 71919887
Sweden
05/18/2016 07:41 PM
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Re: US slaps 522% import tax on Steel
Chinese steel is noodle strength.
Get saved wretch: [link to biblebelievers.com]
Everything you need to know about islam: [link to prophetofdoom.net]
The Jihad Triangle: [link to www.youtube.com (secure)]

FRANCE IS TEH GHEY!
-GLP-Christian-

User ID: 71919887
Sweden
05/18/2016 07:42 PM
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Re: US slaps 522% import tax on Steel
[link to www.bbc.co.uk]

The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices.

The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.

The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.

Steel is an especially sensitive issue.

US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.

The Commerce Department also levied anti-dumping duties of 71% on Japanese-made cold-rolled steel.
 Quoting: Alatucher



Proof yet again.....Trump is right with China and these corrupt trade deals.

Obama does not have an original thought in his head.

trpright
 Quoting: Useless Cookie Eater


I've noticed, Magic Negro is taking tried and failed policies from Swedish socialists all the time.

Last Edited by -GLP-Christian- on 05/18/2016 07:45 PM
Get saved wretch: [link to biblebelievers.com]
Everything you need to know about islam: [link to prophetofdoom.net]
The Jihad Triangle: [link to www.youtube.com (secure)]

FRANCE IS TEH GHEY!
Ziconic

User ID: 63875496
United States
05/18/2016 07:42 PM
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Re: US slaps 522% import tax on Steel
Including chicken parts? Baahaaahaaahaaaha

Please tell me that was a typo. Please!!!!

However, I could see kfc lobbyists pushing hard so the $5 fillups seem like a dream.
 Quoting: Anonymous Coward 36603518


No. It's not a typo unfortunately.

But it is a disgusting topic that probably should have it's own thread.

You didn't know China is now processing a lot of our chicken meat?

yak
“Luck is what happens when preparation meets opportunity.” ~Seneca

You can lead the Democrats to knowledge, but you can't make them think.
KIT
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05/18/2016 07:43 PM
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Re: US slaps 522% import tax on Steel
Want to know the fucked up part? Much of that Chinese steel is recycled from American scrap that's been exported back over there because our politicians are clueless assholes.

If Trump never came along...this issue would never have been addressed.
 Quoting: Anonymous Coward 72234808


:trumpright:
 Quoting: ScrumpTheTexan


DING!! WE GOT A WINNER

clappa
Anonymous Coward
User ID: 72060084
United Arab Emirates
05/18/2016 07:44 PM
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Re: US slaps 522% import tax on Steel
Quote:
Ok...this is a great test.
If all the tarifftards are right....we'll see Steel mills popping up in the good ol' USA hiring murikans to do murikan work.

hint: this won't happen


Yes it will...but it takes 3-4 years for the businesses to get up & running.

So don't be bitching when it all didn't play out in the first month of the Trump presidency!
Anonymous Coward
User ID: 44110959
United States
05/18/2016 07:45 PM
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Re: US slaps 522% import tax on Steel
God bless Donald Trump.
Corosive

User ID: 71360469
Canada
05/18/2016 07:51 PM
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Re: US slaps 522% import tax on Steel
Building up for war. Only way to truly fight the Chinese is to get our production and manufacturing out of their country. This is all the beginning, I suppose.

No one realizes though that if production/manufacturing ends up being done in the West, then we will suffer from the same pollution as China does. Remember that China agreed to host all these facilities in the first place. They sacrificed health and clean air for a fortune.
¯\_(..)_/¯

"If it can be destroyed by the truth, it deserves to be destroyed by the truth."
Anonymous Coward
User ID: 72235949
United Kingdom
05/18/2016 07:54 PM
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Re: US slaps 522% import tax on Steel
Steel is in BIG demand in the US, because about half your population are in prison, and you need steel pants.
tyrone1
Anonymous Coward
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United States
05/18/2016 07:58 PM
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Re: US slaps 522% import tax on Steel
[link to www.bbc.co.uk]

The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices.

The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.

The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.

Steel is an especially sensitive issue.

US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.

The Commerce Department also levied anti-dumping duties of 71% on Japanese-made cold-rolled steel.
 Quoting: Alatucher


clappa
Anonymous Coward
User ID: 67714598
New Zealand
05/18/2016 08:10 PM
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Re: US slaps 522% import tax on Steel
Good job USA. China fucked Australia with the iron ore, Us with the milk powder and tried it on with you guys with steel.





GLP