I'm not saying that the reduction of the workforce was a bad thing per say. It was necessary to become more competitive. That is something completely different than China dumping cheap and inferior quality steel into our market, directly and indirectly through other countries. There are plenty of steel producers in this country that can compete among themselves for that infrastructure work. There will of course need to be oversight to make sure they don't fix prices in some backroom deals, and steel from other countries can be delivered, if it is of the same quality and the same lead times can be met.
America To "Lose" In A Trade War?
- Thread starter Scataphagos
- Start date
Former Reagan budget director: 'Steel industry are crybabies' and Trump is their 'biggest sucker yet'
http://thehill.com/homenews/media/3...eel-industry-are-crybabies-and-trump-is-their
http://thehill.com/homenews/media/3...eel-industry-are-crybabies-and-trump-is-their
And so it begins. Well done Mr. President.
http://www.chicagotribune.com/busin...ty-illinois-plant-restart-20180307-story.html
U.S. economy adds 313,000 jobs in February, crushing expectations.
Most important, good jobs being added.
By industry, construction was a standout as 61,000 jobs were created in the sector in February, the most since 2007. Manufacturing payrolls were also a bright spot, as 31,000 jobs were added to the sector in February.
http://www.chicagotribune.com/busin...ty-illinois-plant-restart-20180307-story.html
U.S. economy adds 313,000 jobs in February, crushing expectations.
Most important, good jobs being added.
By industry, construction was a standout as 61,000 jobs were created in the sector in February, the most since 2007. Manufacturing payrolls were also a bright spot, as 31,000 jobs were added to the sector in February.
Trump's steel tariffs are nothing compared with the looming war over intellectual property theft with China
https://finance.yahoo.com/news/trump-apos-steel-tariffs-nothing-103759882.html
After tweeting that he had asked China to come up with plans to reduce the US trade deficit, Trump brought up the separate but even more important issue of intellectual property theft.
"The U.S. is acting swiftly on Intellectual Property theft. We cannot allow this to happen as it has for many years!" Trump tweeted.
Trump asked China to cut the trade deficit by $1 billion, but two retired senior Department of Defense officials wrote in The New York Times last fall that Chinese intellectual property theft cost the US as much as $600 billion a year, calling it "the greatest transfer of wealth in history."
(More at above url)
https://finance.yahoo.com/news/trump-apos-steel-tariffs-nothing-103759882.html
- US President Donald Trump's proposed steel tariffs have caused China to warn of trade wars and potential damage to the US economy, but steel tariffs are nothing compared with the coming fight over intellectual property theft.
- Two former senior Defense Department officials said Chinese intellectual property theft cost the US as much as $600 billion a year, calling it possibly the "greatest transfer of wealth in history."
- But with Trump angering the international community in pursuing protectionist practices like tariffs, experts question how he will rally sufficient support against intellectual property theft.
After tweeting that he had asked China to come up with plans to reduce the US trade deficit, Trump brought up the separate but even more important issue of intellectual property theft.
"The U.S. is acting swiftly on Intellectual Property theft. We cannot allow this to happen as it has for many years!" Trump tweeted.
Trump asked China to cut the trade deficit by $1 billion, but two retired senior Department of Defense officials wrote in The New York Times last fall that Chinese intellectual property theft cost the US as much as $600 billion a year, calling it "the greatest transfer of wealth in history."
(More at above url)
The U.S. has always looked after itself and based its decisions on self-interest! What makes you think it hasn't.
Reality Intrusion Time:
The U.S. has always looked after the interests of wealthy corporate business owners and their lobbyists - and based its decisions on their self-interest. What makes you think it hasn't.
I wish.
The reality is that policies are the lowest common denominator of a shake and bake bag filled with legislators/presidents acting in their self-interest.
Job creation momentum began under Obama; my memory was something like 10 million jobs created since the bottom. There is a big difference between taking over a country when it's in a huge US financial crisis ( the worst in our lifetime ) and years into a recovery. The true test of Trump and his policies begins in roughly 2019 and 2020. Trump and his supporters can claim all these victories as theirs, but it's as pointless as claiming the stock market went up because he's President. If the stock market deeply corrects in 2019 or 2020, does that mean Trump is a terrible President ? Was Obama a great President because the stock market went up huge ? The answer is no on both counts, but so is thinking Trump is somehow the reason the jobs were added.
My opinion that I stated a year ago is the real problem with Trump is his ideas on international trade. If he gets his way, and is genuine about his ideas, it could be real bad for your country. It could put the brakes to all this positive economic growth in the US and Canada. Guess we'll see.
Apparently Bush implemented steel tariffs in 2002 and it was a disaster and repealed in 2003. I'm not a Trump fan but I thought how he presented the steel tariffs was ok except for the grandstanding with the steel industry employees brought in. However, I'm waiting for the NAFTA shoe to drop to see if he can act in a reasonable fashion or just do something stupid in the end.
And it is clear that experts in the field think the tariffs miss the mark on the real problems and will do more damage then good , especially if he lumps Canada ( and other "allies" ) in eventually.
Of course, everyone is savvy enough here to see that what he is really saying is that it could be real bad for Canada. Therein lies his real worry.