I suppose headlines like this don't encourage measured, gradual erection of a tariff wall, do they?
http://www.fox29.com/news/local-news/putin-shows-new-russian-nuclear-weapons-you-listen-to-us-now
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Trump's Steel and Aluminum Tariff Proposal
- Thread starter Veer_G
- Start date
I suppose headlines like this don't encourage measured, gradual erection of a tariff wall, do they?
http://www.fox29.com/news/local-news/putin-shows-new-russian-nuclear-weapons-you-listen-to-us-now
I would have hit like but I know it's true and I don't really like it.
Ask a guardsman in your state what's going on.
The question that is most important would probably be, Who are we getting ready to fight? and Is it a foreign power, or is it ourselves?
Not only have raw material prices gone up already, we were just notified of potential shortages and surcharges. Forget about increased prices for all Americans because of trumps short sightedness, you might not even be able to build bridges, buildings cars etc.
You mean his infrastructure improvement campaign promises are three day old dog doo without affordable steel to fulfill them?
Fuck bridges. I'll just buy snorkels for my trucks when they collapse.
I get where you are coming from looking out from inside.
This country built more steel structures prior to the sell out than since.
Using our own/mostly our own will benefit much more than one part.
If there is a profit to made people/businesses will fill the void and give competition to Nucor.
It may not be that way at first but it will happen.
The only thing outsourcing our industries has done is eliminate jobs and make CEOs rich.
It has been the walmart version of marketing. Keep low prices until you've eliminated the competition then raise them with an inferior product.
R
I have a feeling both sides of this tariff deal will be seen as knee-jerk....at least I hope so.
The government side of the equation should have slowly implemented and increased the tariffs over a couple of years. The shock to the system does no one any good. The other side of the equation (steel/aluminum mills) is likely overreacting.....it’s their MO. I can’t tell you how many times I’ve seen Nucor raise the base price $65 per ton on wide flange one month, tack on another $30 per ton the next month and then bring the price back down over the next 4 months to where it was.....for no reason that anyone (even our Nucor regional rep) could explain. It’s almost like a “let’s see what we can get away with”. I came into the industry straight out of high school back when steel was $0.25 to $0.30 per pound and you could hold your price indefinitely.....because it never really changed. Whatever happened in the GWB administration after 9/11 affected the steel industry and it has never really been the same....I’ve been told it had something to do with exporting domestic scrap overseas, but I’m not exactly sure if that’s what it was or not. I’m mostly plugged into the wide flange market, but the plate market is even worse and far more fluctuating.....even when wide flange is steady.
Back in 2003 or so the market went nuts and steel shot through the roof. The big fabricators like Havens took it the worst and it put them out of business. Havens was the most prominent company hurt....hundreds more never recovered. I thank the good Lord that my company survived, but it was really bad for a while.
I just hope that the smallish increases we’ve seen over the last few months (I think it was a net add around $110 per ton on wide flange) was Nucor’s way of gradually easing the industry into the “possible” price increase that was “possibly” coming once Trump made his decision. I hope they are doing their part to avoid another 2003 sledgehammer increase. That being said, just a $110 per ton increase has stalled project awards. Lots of jobs have bid and they are just sitting there.
One thing is for sure, I will know more next week and hopefully cooler heads will prevail. It would be amazing if Nucor even came out with a corporate statement release about things. The cloak and dagger manner in which they conduct business has always made the industry nervous. Good growth needs stability. Good stable growth would be in everyone’s best interest, including the mills.
I want all of us to be successful and prosperous....mills, warehouses, fabricators, machine shops, manufacturers, etc.....it just does no good when only one link in the chain prospers while all the others suffer.
TARIFFS ARE TAXES THAT ARE PAID BY AMERICANS.
That is the reality. The only reason a foreign entity pays a tariff is because there is an American who is going to pay the cost of the good, plus profit, plus the cost of the tariff. The final payer of the tariff is not in Europe or Asia. The final payer is YOU.
If you are celebrating these tariffs, you are celebrating a tax paid by American consumers.
Secondly,
TARIFFS ARE INEFFICIENT WELFARE PROGRAMS
Seriously. They're the worst welfare programs in existence. They typically cost American consumers $1,000,000 for each American job that is "protected".
FUCK.
THAT.
NOISE.
If you want to give some useless asshole $50k/yr, just tax me and give it to him. Don't do some bullshit that costs me 20x and forces him to pretend that the American widget industry is still thriving.
This shit is one of my hot buttons. Democrats have been ramping down their tariff idiocy, and now Republicans are ramping theirs UP. It's ludicrously stupid. The ONLY value created by these tariffs is that it they separates fiscal conservatives from idiotic, self-destructive cult members.
That is the reality. The only reason a foreign entity pays a tariff is because there is an American who is going to pay the cost of the good, plus profit, plus the cost of the tariff. The final payer of the tariff is not in Europe or Asia. The final payer is YOU.
If you are celebrating these tariffs, you are celebrating a tax paid by American consumers.
Secondly,
TARIFFS ARE INEFFICIENT WELFARE PROGRAMS
Seriously. They're the worst welfare programs in existence. They typically cost American consumers $1,000,000 for each American job that is "protected".
FUCK.
THAT.
NOISE.
If you want to give some useless asshole $50k/yr, just tax me and give it to him. Don't do some bullshit that costs me 20x and forces him to pretend that the American widget industry is still thriving.
This shit is one of my hot buttons. Democrats have been ramping down their tariff idiocy, and now Republicans are ramping theirs UP. It's ludicrously stupid. The ONLY value created by these tariffs is that it they separates fiscal conservatives from idiotic, self-destructive cult members.
Not on board with private public partnership but any government infrastructure trump does will have a impact on supplies, unlike what was promised during the fleecing by Obama and Bush back in 2008 when they took the money and transferred it to their friends and donors without the actual work getting done. The only shovel ready was them shovelling my money to their donors. This time there will be actual resources and commodities being used so you will see a spike in prices, this is a good thing, but I dont want my money going to any public private partnership at all.
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Everybody hates cinamart till someone does something about all the Chinese shit flooding this country for no benefit of our people. Kissinger (fucked spelling) and his kind made the China that's now a mortal threat to us. This globalist bullshit is designed to enslave us and make kings of shysters.
That was clinton letting them into the wto and allowing them to manipulate their currency.
Typical racist dem, cant stand the black man thinking for themselves. hateful hateful people.
Q
QuickNDirty
Guest
I have a lot of experience in your country, thus some of my snide Canuckistani barbs, fact is your country is the most protectionist country I ever did business in, worse than Japan and China. You guys taught the Japanese how to do japanese customs at the border. I really do want a wall and I want the auto factories back in Detroit, You all are polite when you don't have skates on though.
Down stream is......me. Commercial construction is just now starting to come back for real from budgets that were so thin that everybody had holes in their jeans and packed a lunch. My company is a Butler metal building dealer and we have been put on notice. Name a structural phase of construction that doesn’t involve steel....there isn’t one. I do agree that we need to produce again but this needs a serious plan behind it and I’m not convinced there is one. We live in interesting times gentleman.
in todays edition of "Myron talks you off the ledge...."
good heavens. every day i have to point out that you guys are overreacting. he hasnt done shit. all he is doing is making them think he will/is going to impose tariffs. it's a bargining tactic.
and yes, the markets took a hit. big deal. he's playing the long game....and it's about time someone did. yes, there will be bumps in the road. but long term, we'll be better off, and i'll bet ya no tariffs get imposed.
good heavens. every day i have to point out that you guys are overreacting. he hasnt done shit. all he is doing is making them think he will/is going to impose tariffs. it's a bargining tactic.
and yes, the markets took a hit. big deal. he's playing the long game....and it's about time someone did. yes, there will be bumps in the road. but long term, we'll be better off, and i'll bet ya no tariffs get imposed.
I wish (sarcasm) you guys in and around the building trades would stop making sense ...
In the 1970s I was told that the US has no oil and that we should go back to fueling our cars with steam or just surrender to Saudia Arabia and accept their domination of our economy.
And today who is the world's leading oil exporter?
America used to have some sack and tackled challenges.
Many here are crying "Oh woah is me"
How about looking at some opportunity and saying "Fuck yeah, lets put some workers to work and have a little independence from getting shitty steel off our potential enemies. Lets build up or modernize what is undeniably a strategic industry and if in the future we get agreeable trade parity from these countries we can readdress the issue"
All I hear from people in America these days is "I cant", "We can't".
We need more "Fuck yeah!, Lets do this!"
And today who is the world's leading oil exporter?
America used to have some sack and tackled challenges.
Many here are crying "Oh woah is me"
How about looking at some opportunity and saying "Fuck yeah, lets put some workers to work and have a little independence from getting shitty steel off our potential enemies. Lets build up or modernize what is undeniably a strategic industry and if in the future we get agreeable trade parity from these countries we can readdress the issue"
All I hear from people in America these days is "I cant", "We can't".
We need more "Fuck yeah!, Lets do this!"
There is this thing called the "Defense Industrial Base". It is why Russia and China subsidize certain industries. It is a lesson we continually forget. It is why we won the Cold War.
-Rick Jones
Green Beret, MBA
-Rick Jones
Green Beret, MBA
It isn't that we don't want to see the results of actions that help certain domestic industries. It's just that, if you're going to boil a bunch of frogs, you don't telegraph your intentions in a grandiose manner by saying, "Hey, frogs, guess what? We're gonna boil you big league!" Instead, you turn the heat up, notch by notch, until it takes some frog government economist to say, "Hey, let's leap, we're being boiled!" In my opinion there's a complete lack of subtlety and finesse going on here, and that's a big part of the issue.
You think WalMArt gets the best prices by being subtle? I think Walmart gets the best prices by saying fuck you, you make all your money off me, this is what we will pay for it. I don't think being subtle in foreign trade negotiations has benefited the American worker in my lifetime.
Apples to oranges comparison. The subtlety is in raising them slightly and ruffling feathers, and then raising them slightly again once the bird calms down, and so on, and so on. You can't always get everything that you want done in four years, and sometimes, not even in eight. Unfortunately, things can get a bit hung up trying to earn rep right then and there.
Sorry but you are not fully understanding the situation. This will not help the domestic steel industry at all. No more mills will be built and even if they are it's a 5 year process. To give you the benefit of the doubt, it MAY help 125K of Steelworkers at the expense of 5mm workers who use the steel and 300 million US consumers. It was tried before and failed miserably and lasted less than a year!
Read what Walmart did to Vlassic pickles...
Almost put them out of business by becoming their only customer than when they couldnt squeez any more blood from the stone and Vlassic was asking for just a little bit of help to remain profitable walmart told them to fuck off.
Never only have one customer.
American steel manufacturers should not be able to compete in global markets? Fuck that. We should be a huge steel exporter. Look what china did when Trump cut the corporate tax rate. They dropped theirs to nothing. Now, apple moved their shit to china and are full blown commies.
You are admitting that our steel industry is not able to supply our needs.
Do you want to wait that 5 years at the start of the war or get ahead of the ball and start building capacity now?
How about this perspective? I tell you exactly what I'm going to do, in this case smack a 30% tariff on your steel and aluminum. You let all the hoopla die down and then you raise it 3%. Now you get all the hoopla about you didn't have the guts to do what you said, more hand wringing about how it's going to destroy the economy by MSM followers, and you let that noise die down.
Every so often, you raise it another 3% or so. You will have a couple of things start to happen. You will uncover who your enemies are because they are always telling you how this is the wrong path to go down, however some smart business people will start to be able to put together plans for expansion into the steel and aluminum industry because the numbers start to make sense for this economically.
Kiosks in McDonald's didn't make sense when starting wages were in the $7 to $8 dollar range, but you move it up to $15 and hour and all of the sudden the numbers start to work.
I think we have a guy in office that is very unconventional and he knows it. He also knows how the 'system' is rigged because he had to work with and around it as a businessman.
I've always told people that I don't make threats, sometimes I extend the courtesy of telling you exactly what I intend to do.
This is just my two cents.
How about no tariffs at all????? that was the promise 40 years ago in the Reagan era, then Bush 1 started the NAFTA negotiations, at that point I think both parties started getting payoffs trough AMCHAM, foundations like the Clinton foundation, the Ford foundation, other "charities" etc etc. Then Bill Clinton signed what the Bush globalists started, America got sold out. trust me, we were sold down the river by both these parties. Seen Amcham at work with my own eyes, and not here in the USA either. When these agreements are negotiated they are not negotiated by business people or even anyone on our side that ever had to make payroll or earn a profit, we have corrupt apparatchiks negotiating with foreign entities who send their Warren Buffets and Gordon Gekkos.
Bernie was right, America was sold out by DC, for very little at that, unbelievable as it is, its true.
Luckily when it comes to trade, Trump got elected and seems to know what to do.
Keep this in mind, a Harley Davidson sells for 30 - 35 % more across the border in Toronto vs Buffalo, same with every American made product in Canada, and Mexico. This is not free trade. Time to hit back and hit hard, the money we save can be used for deportations and walls on both borders.
Everyone worried about their jobs, I understand you, I had the same worries when my siblings were getting laid off 25-30 years ago, I didn't hear MSM hand wringers or anyone else except Ross Perot worrying , so keep this in mind when you are bitching. Also keep in mind, what I mention above is actual fact, not some trade theory and pie in the sky sales pitch put forward by the Wall Street and DC swamps.
Bernie was right, America was sold out by DC, for very little at that, unbelievable as it is, its true.
Luckily when it comes to trade, Trump got elected and seems to know what to do.
Keep this in mind, a Harley Davidson sells for 30 - 35 % more across the border in Toronto vs Buffalo, same with every American made product in Canada, and Mexico. This is not free trade. Time to hit back and hit hard, the money we save can be used for deportations and walls on both borders.
Everyone worried about their jobs, I understand you, I had the same worries when my siblings were getting laid off 25-30 years ago, I didn't hear MSM hand wringers or anyone else except Ross Perot worrying , so keep this in mind when you are bitching. Also keep in mind, what I mention above is actual fact, not some trade theory and pie in the sky sales pitch put forward by the Wall Street and DC swamps.
I'll also add that while the price is considerably higher (than the identical item offered below the border) the selection is greatly reduced as well.
We used to be the largest aluminum producer in the world. Now, China has 50% of the market and we have 1.5% Why is that? Unfair tariffs imposed by other countries and dipshits like Clinton negotiating "free" trade deals.
When you look at trade with China, you have to start back looking a couple hundred years ago.
The British found this out the hard way and had to resort to war & drug pushing to keep from going bankrupt.
The Chinese are smart, way smarter than people understand.
The Chinese culture is based on playing the long game and since their leaders are now basically for life, they don't have to appease the masses / donors / shareholders on a regular basis.
The Chinese WILL try to bleed you out in trade and make sure that trade with you winds up emptying your pockets and both enriching them & advancing them.
The Chinese have done an excellent job at using the short sighted greed of corporate CEOs, the greed of our short sighted politicians & the stupidity of our citizens for wanting cheap garbage to in a 50 year period go from an also ran status to a huge industrial production powerhouse, a well funded military, financial powerhouse & world power broker, all with money that they have taken from the US and Europe.
In the end it doesn't matter what Trump does, the greed of get rich quick CEOs, the greed of politicians and the stupidity of western consumers will ensure that China continues it's plan at our expense till one day we are looking at a powerful, well funded, enemy with a very large industrial base & access to production plants for the latest technologies, feeling confident enough to dictate global terms to us, that we have built up and paid for.
This is all just a side show as far as the Chinese plan is concerned.
The British found this out the hard way and had to resort to war & drug pushing to keep from going bankrupt.
The Chinese are smart, way smarter than people understand.
The Chinese culture is based on playing the long game and since their leaders are now basically for life, they don't have to appease the masses / donors / shareholders on a regular basis.
The Chinese WILL try to bleed you out in trade and make sure that trade with you winds up emptying your pockets and both enriching them & advancing them.
The Chinese have done an excellent job at using the short sighted greed of corporate CEOs, the greed of our short sighted politicians & the stupidity of our citizens for wanting cheap garbage to in a 50 year period go from an also ran status to a huge industrial production powerhouse, a well funded military, financial powerhouse & world power broker, all with money that they have taken from the US and Europe.
In the end it doesn't matter what Trump does, the greed of get rich quick CEOs, the greed of politicians and the stupidity of western consumers will ensure that China continues it's plan at our expense till one day we are looking at a powerful, well funded, enemy with a very large industrial base & access to production plants for the latest technologies, feeling confident enough to dictate global terms to us, that we have built up and paid for.
This is all just a side show as far as the Chinese plan is concerned.
All this gnashing of teeth makes me think back to the Reagan years. I recall how everyone called him (Reagan) nuts on the SBI, and how could he do possibly spend that much money to do that? He ended up bankrupting the Russians in their pursuit for (perceived) parity. Makes me think, "Now what would a country do if they thought our industrial base was gearing back up?". And if they thought that, what would their political, economic and military reactions be?
Now Trump is notorious for chumming the waters with big talk, just to see reactions, so it begs the question...why this? And why now?
Being aware of some things that are not public knowledge, it makes his (Trump's) chumming quite interesting, and displays a level of subtlety and cunning most in the MSM are unwilling to credit him with having. I'm not saying I know this for fact; only that a lot of little pieces fit together too nicely to be coincidence.
Will it hurt the people? Possibly, even likely (to some extent). But given the alternative, is he just choosing the least painful option, to achieve the most viable result?
My main point here is this; there's a metric shit ton of pieces being moved on the chess board right now, and none of us are privy to all of them. I think we (as a society) have become deluded in thinking that we have access to all the data points, just because we have 24/7 news and a smart phone glued to our collective heads. Maybe, just maybe, we should take a step back and see where this goes, instead of back seat driving in a car where we can't see all the road in front of us....
Now Trump is notorious for chumming the waters with big talk, just to see reactions, so it begs the question...why this? And why now?
Being aware of some things that are not public knowledge, it makes his (Trump's) chumming quite interesting, and displays a level of subtlety and cunning most in the MSM are unwilling to credit him with having. I'm not saying I know this for fact; only that a lot of little pieces fit together too nicely to be coincidence.
Will it hurt the people? Possibly, even likely (to some extent). But given the alternative, is he just choosing the least painful option, to achieve the most viable result?
My main point here is this; there's a metric shit ton of pieces being moved on the chess board right now, and none of us are privy to all of them. I think we (as a society) have become deluded in thinking that we have access to all the data points, just because we have 24/7 news and a smart phone glued to our collective heads. Maybe, just maybe, we should take a step back and see where this goes, instead of back seat driving in a car where we can't see all the road in front of us....
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I agree with many of your points, but do feel compelled to mention a data point you have left out regarding the Chinese. They have (until now) as society taken the long view, but also have repeatedly gone through cycles of isolationism.
What has changed that is altering their behavior? BTW, do you know they are facing a huge population decline? In an environment that has more and more demand for workers? That there is also a great divide between those that live along the coast, and those that live inland, which is largely financial and educational?
China's resurgence on the world stage (and it's continued presence) communicates a change that has occurred. Culturally as well as politically. This generation of Chinese are more like early industrial Americans than the communist Chinese of the past. That scares the world, as well as the Chinese government. The Chinese government has a tiger by the tail, so I think we need to quit thinking of China from a perspective of how it can hurt the us (the US), and think more of "The Chinese are vulnerable, how can we take advantage of that vulnerability?". Greed is a universal fault of all men; Chinese, US, European, etc. China is beginning to see that as well, only their culture suffers from it much more so than we do.
I'm taking an even strain on all of this. There will be adjustment, but once again, the screeching is way out of proportion to the actual numbers.
The sky is NOT falling...
Stay the course; MAGA.
Greg
The sky is NOT falling...
Stay the course; MAGA.
Greg
YOu say the Chinese are smart, I am not so sure, they had 3 million die of famine in 1975, and many tens of millions between 1930 and today, starvation mostly, but cultural warfare also, these issues are still there, and will surface with any economic interruption, they call it civil unhappiness. eventually their currency will be forced to float and they will have to deal with what that brings, it will be harder than if they let it float from the beginning, Clinton should have insisted. But again he was on the payroll.
Always remember this about China, there are 300 million Chinese, and 1 billion people of other tribes that have been enslaved by the Chinese, never forget this, this has bought China down every time in their history. The Han will tell you this, the other billion will tell you this.
One ore thing, according to the charts posted earlier, China aint even in the top 10 that will be impacted by this tariff.
Always remember this about China, there are 300 million Chinese, and 1 billion people of other tribes that have been enslaved by the Chinese, never forget this, this has bought China down every time in their history. The Han will tell you this, the other billion will tell you this.
One ore thing, according to the charts posted earlier, China aint even in the top 10 that will be impacted by this tariff.
Yes China fucked up, at least regards their form of Govt and its long term health.
They allowed a middle class to build.
For the same reason this is a danger to China the establishment has spent the last twenty years trying to destroy the health of our middle class, turning them into uneducated, drug addicted, dependents.
Granted they have an interest but I think they are right.
In the best of times our industry is screwed by govt regulation.
Every country uses Al Gores religion against us in order to steal our lunch.
To a certain extent I agree with that regulation.
If that regulation is good here than we should boycott any countrys product that does not meet the standard our manufacturers comply with. No tariff a 100 percent boycott. That applies to EPA, OSHA, ADA you name it. All this shit comes with a cost and if it matters here it matters in China. I truly think this shit was passed not out of concern for our citizens but as a means to hamstring our business.
In times of national emergency the scrubbers come off and we pump pure coke directly into the sky to defeat the existential threat.
I totally agree with you on there being an adjustment and that this isn’t the end of the world. T-totally agree. The problem isn’t the tariff. The problem is the mills and their “get while the getting is good” mentality when it comes to pricing. They likely have a plaque in their offices that quotes Rahm Emanuel “never let a crisis go to waste”. ANYONE in the steel industry has experienced this before. We all have our hands over our bottoms right now, becasue we think “it” is coming....and they won’t be gentle. I hope we are wrong. Again, the issue isn’t the tariffs per se; it is the mills using the tariffs to artificially raise the price to make a few bucks in the short term at the expense of the downstream manufacturer.
The post a few pages above (not yours Greg) about being proactive and finding a way to capitalize on the poor business practices of the mills is naive/extremely simplified. And I don’t mean that as a derogatory statement, so please don’t take it as such (whoever it was that said it). Seeing an opportunity and opening a brand new steel mill to “stick it to the big mill” is not going to happen. Call me a “we can’t” American all you want. Putting a dent in Nucor’s market share enough to “keep them in line” would take billions upon billions in investment. Thinking some company will start a business to stick it to Nucor is like thinking someone will start a company and stick it to Verizon Wireless or Google; sure there are alternatives out there, but Google or Verizon Wireless couldn’t care less about them becasue they are inconsequential. When it comes to wide flange, Nucor nearly has a de facto monopoly. How it happened, I can’t say for sure. Don’t believe me, just watch Nucor’s price announcement and then watch the other mills fall in line within days....they are the tail that wags the dog. Nucor is like the Pied Piper of the steel industry (at least in respect to wide flange, I cannot comment in other types of steel mills like plate, etc.). The bad news for Nucor is that I have already been invited to an industry dinner hosted by Nucor at the NASCC in Baltimore next month. I have a feeling it will not be the most pleasant dinner they have ever hosted. A fine dining restaurant full of angry (and likely drunk) steel workers will probably lead to conversations that they will not like. If their knee jerks hard this next week, that dinner next month will be something to behold.
I’d be lying if I said that I understood all the factors that go into the steel market (I certainly know zilch about the aluminum market).....and I’ve been doing this for 20 years. Most of it is “cloak and dagger” and I think that’s why those of us in this thread that actually have experience in the steel industry are skittish or pessimistic right now. We’ve been through this before and you can never get an explanation why prices increase. When you do get a reason from someone at the mill, it makes absolutely no sense....as in like when you ask a follow up question, they simply repeat the original statement over and over.
My only hope in all of this is that the mills “come to their senses” quickly and don’t overreact. We will see, but history does not give me a positive outlook for the immediate future. The short term will likely go like this: The mills will freak out and jack prices and spread rumors about either real or perceived shortages. It will cause our already shaky market to slump. Eventually the mills will get tired of not selling any steel and they will lower their prices. The problem is that they typically are their own worst enemy. They create a storm and then bitch about why it won’t stop raining.
Life does go on, like Greg alluded to. Things will normalize and I hope the decision by the president will be the right call in the long run, I really do. I just hope the long run doesn’t take too long to get here....not only for my sake and my company’s sake, but for the sake of the entire steel industry.
Nucor and he other companies got strong in the segments they are in because of consolidation at the front end of the free trade movement, basically there were no profits so the best companies gobbled up the weakest, even though they were all weak at the time, I suspect you will see that same thing happen in Mexico and Canada in fairly short order now. This happened in every commodity industry we had in the past 30 years and longer for Steel. Remember though, just because there will e tariffs does not mean a foreign company cant set up shop to compete with Nucor and others. I am guessing you will see quite a bot of that, we enjoy a 15 % energy advantage and with the tariffs we will compensate for the manipulated currency by some of the competition. Our steel industry is world class and competitive right now, this will be a shit in the arm to grow larger, especially on the pipe side, we cant even source seamless pipe here its a goddamn shame.
Either way I dont think this will be a earth shattering move that sparks a trade war or escalates the war we been losing without knowing for the past 30 - 40 years, it will be out of the headlines tomorrow, I suggest you buy stocks on this dip, I am duping all in tomorrow.
Either way I dont think this will be a earth shattering move that sparks a trade war or escalates the war we been losing without knowing for the past 30 - 40 years, it will be out of the headlines tomorrow, I suggest you buy stocks on this dip, I am duping all in tomorrow.
