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Especially when steel and aluminum production in the US was gutted over 30 years ago with the death of the rust belt. There isn't the capacity in the domestic supply to insulated manufacturers and consumers of steel and aluminum.
Agree on this part Top, but trump scares me enough to have him want this permanently. Also what will his followers think once it changes again.Topper wrote: ↑Thu May 31, 2018 12:36 pmEspecially when steel and aluminum production in the US was gutted over 30 years ago with the death of the rust belt. There isn't the capacity in the domestic supply to insulated manufacturers and consumers of steel and aluminum.
This is pressure added to the NAFTA negotiations. Screw turning.
No, but for eg American consumers, builders and car manufacturers as they will have to pay more for inferior products.
He can't hear you Ratski...Reefer2 wrote: ↑Thu May 31, 2018 11:34 amThe perfect - he can impose tariffs on everything coming into his country and that will allow every other country to impose tariffs on items coming from the USA. You do know that this will just increase and it will have a negative impact on Canada as the USA is our largest trading partner. This is not just about steel and aluminum.
I’m not sure if you intentionally are being silly or your reading comprehension is that bad. I think you have selective reading syndrome.Strangelove wrote: ↑Thu May 31, 2018 1:04 pmHe can't hear you Ratski...Reefer2 wrote: ↑Thu May 31, 2018 11:34 amThe perfect - he can impose tariffs on everything coming into his country and that will allow every other country to impose tariffs on items coming from the USA. You do know that this will just increase and it will have a negative impact on Canada as the USA is our largest trading partner. This is not just about steel and aluminum.
Trump wouldn’t understand, too many words and it doesn’t fit on Twitter.ukcanuck wrote: ↑Thu May 31, 2018 7:17 pm At what point does the rest of the free world give trump the swinging middle finger in the air and start excluding Americans from trade deals?
I mean if the US is slapping tariffs on everyone else who are in the same businesses, why not a Canada/ Mexico/ EU deal on steel and aluminum in a combined retaliation?
Seems logical to me that if trump keeps pushing away trade partners, he is also pushing those same trade partners together?
If it is all about Nafta, why include China and the EU?Topper wrote: ↑Thu May 31, 2018 12:36 pmEspecially when steel and aluminum production in the US was gutted over 30 years ago with the death of the rust belt. There isn't the capacity in the domestic supply to insulated manufacturers and consumers of steel and aluminum.
This is pressure added to the NAFTA negotiations. Screw turning.
http://bruegel.org/2018/05/the-eu-shoul ... -on-trade/The game of chicken predicts that as the opponent becomes more aggressive, retaliation is the only way to stay in the game – and all the more so as the opponent becomes more aggressive. Indeed, by being more aggressive itself, the EU gets either 1 (10 out of 22) or 2 (10 out of 22). Most of the time therefore, (20 out of 22) the EU gets a good outcome.
This implies that as the US threatens to impose sanctions, the EU must effectively match the threat with actions! And this is true irrespective of whether the US actually has less to lose (in fact, the rhetoric will have us believe that this number (-1) should even be positive – not negative all all), or if it is just bluffing. It is the only way for the EU to avoid ending up in the position of having 0 all the time, as the US claims 2, and instead occasionally claiming the 2 for itself. In the process, however, free trade is in very real danger of collapsing.
This is actually why the rhetoric that is coming out of Washington is not just an act of protectionism that distorts bilateral trade; it is a threat to the world multilateral system, as it induces retaliatory aggression.
And this is why the EU has important reservations: it wants to act as a defender of the multilateral system. To this end, it is adopting an attitude of appeasement, containment and negotiation. And it is a reasonable (in the first instance, at least) reaction, to a game that effectively should never be played. But here we are, forced into an aggressive game of chicken, in which the effort to appease also amounts to admitting defeat.
So, what should be the EU’s reaction?
First, be prepared to act. Adopting measures that can impact the US economic interests in Europe need to be prepared, and in place to be used.
Yup. There are voices declaring that as the US is becoming increasingly unreliable as a partner; not living up to its commitments, withdrawing from signed treaties, etc, the EU should instead try to increase trade and cooperation with China.ukcanuck wrote: ↑Thu May 31, 2018 7:17 pm At what point does the rest of the free world give trump the swinging middle finger in the air and start excluding Americans from trade deals?
I mean if the US is slapping tariffs on everyone else who are in the same businesses, why not a Canada/ Mexico/ EU deal on steel and aluminum in a combined retaliation?
Seems logical to me that if trump keeps pushing away trade partners, he is also pushing those same trade partners together?
Senator Orrin Hatch (R-UT), the President Pro Tempore of the United States Senate and Chairman of the Senate Finance Committee“My position remains unchanged: Tariffs on steel and aluminum imports are a tax hike on Americans and will have damaging consequences for consumers, manufacturers and workers. We should build on our success in overhauling the nation's tax code with complementary trade policies that, rather than favoring one narrow industry, make all sectors of the US economy more competitive. In light of the mounting evidence that these tariffs will harm Americans, I will continue to push the administration to change course.”
