Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Tariffs: Saving American Jobs Since...Wait, What?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Dave70968" data-source="post: 3139357" data-attributes="member: 13624"><p>Incidentally, one of the reasons the US lags in steel production--not just against China, but even against Europe--is WWII. During WWII, the Allies bombed the daylights out of Axis steel mills (and Japanese), and the Axis similarly bombed European Allied mills. The US mainland, however, was generally untouched by the war, so our twenties-vintage steel mills survived. Europe, Japan, etc. had to build new, so their stuff is fifties- and sixties-vintage. While we've had some incremental upgrades since then, they're still fundamentally three decades older.</p><p></p><p>Tearing down the old mills and building new ones would be a dramatic leap forward, but it'd be incredibly expensive, and the new mills would still have to compete with the cost of Chinese steel. There's just no level of tariff that would pay for brand-new mills at any significant scale that wouldn't send the economy into a tail spin. The best we can hope to see is more incremental upgrades, and increased utilization of the mills we already have. <em>Maybe</em> a few new small-scale mills, but certainly nothing of the size to constitute an industrial base.</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3139357, member: 13624"] Incidentally, one of the reasons the US lags in steel production--not just against China, but even against Europe--is WWII. During WWII, the Allies bombed the daylights out of Axis steel mills (and Japanese), and the Axis similarly bombed European Allied mills. The US mainland, however, was generally untouched by the war, so our twenties-vintage steel mills survived. Europe, Japan, etc. had to build new, so their stuff is fifties- and sixties-vintage. While we've had some incremental upgrades since then, they're still fundamentally three decades older. Tearing down the old mills and building new ones would be a dramatic leap forward, but it'd be incredibly expensive, and the new mills would still have to compete with the cost of Chinese steel. There's just no level of tariff that would pay for brand-new mills at any significant scale that wouldn't send the economy into a tail spin. The best we can hope to see is more incremental upgrades, and increased utilization of the mills we already have. [I]Maybe[/I] a few new small-scale mills, but certainly nothing of the size to constitute an industrial base. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Tariffs: Saving American Jobs Since...Wait, What?
Search titles only
By:
Top
Bottom