Tariffs: Saving American Jobs Since...Wait, What?

[jfssms]

Americans just want a living wage...and a couple other things.

 

[rc508pir]

Im betting prices for scrap steel wont get any better though

 

[264killer]

Saw a ad $150.00 per ton for short iron

 

[rlongnt]

I had to laugh my arse off the first time I saw Showa forks on a Harley, I guess they go with the Nippondenso starters etc... Heck the same goes for Fender guitars with Ping tuners and Korean plastics which don't even say Made in USA anymore, just Corona, CA. Sad

 

[Shadowrider]

Nope. Like another poster mentioned, now US steel just adjusted their price up too.

****

I addition to the "I want it for less" attitude, you have the "I want everything" attitude. The idea being that everyone should have high speed internet, fancy smart phones, tablets, big screen TVs with cable, new cars, etc etc.

If left alone it'll work itself out. Markets are funny that way as long as the playing field rules are level.

 

[ignerntbend]

Shadow has the right attitude. Things work themselves out. Entropy exists. Eventually, I mean, in the long run, it all falls back to coldness. To say otherwise is vanity. Vanity of vanities. Nothing new under the sun.

 

[donner]

If left alone it'll work itself out. Markets are funny that way as long as the playing field rules are level.

tariffs are kinda the opposite of 'if left alone', though. And even if you feel a tariff is meant to level a field, it has consequences for other industries (which was already pointed out. Target steel and lose in the auto industry).

 

[donner]

also, keep in mind that this might be costing YOU (all of us) more. Many local projects have had issues with cost increases because of the fluctuations in steel prices because of the threats of tariffs. Our county is building a new complex for the courts, offices and outdoor venue, but they saw increases in costs because they hadn't already placed their steel order. Overall cost to the county increased, which of course means the cost to us.

I haven't been following enough to know if it's also impacted our city parking garage we are building.

 

[rlongnt]

Trane AC unit pricing just went up do to the cost of imported steel so yes, it's already hit home.

 

[okierider]

Largest US nail producer says tariffs driving it out of business




Louisville, Kentucky (Platts)--21 Jun 2018 540 pm EDT/2140 GMT



The largest nail manufacturer in the US, Mid Continent Nail Corp of Poplar Bluff, Missouri, says it is being driven out of business because of the Trump administration's tariffs on imported steel and aluminum.

Since the tariffs -- 25% on steel and 10% on aluminum -- took effect June 1, the plant has lost about 50% of its business and has been forced to lay off 60 of its 500 employees, company spokeswoman Elizabeth Heaton told S&P Global Platts Thursday.