On 3/8/2018 9:11 AM, Duane wrote:
On 08/03/2018 8:52 AM, AMuzi wrote:
On 3/8/2018 3:14 AM, John B. wrote:
On Thu, 08 Mar 2018 09:13:13 +0100, Emanuel Berg
wrote:
Today I read in the daily rag that the US
has/will impose import tariffs on steel!
Sweden exports some steel to the US, it is the
second biggest partner in this sense after
Germany. Apparently Bush Jr did something to
this extent in the early 2000s, only then the
Swedish companies (and probably many others as
well) got exceptions because what was
exported/imported wasn't "just steel" but
specialized steel products. Heh! How it will
end this time, only Jehovah knows.
The president has said that he will impose a 25% import
duty on Steel
and a 10% duty on Aluminum.
He has not yet said whether there will be any "side
deals" with any
country.
For you gullible types who think anything DJT says is
valid until the next day, the morning news now says he'll
exempt Canada & Mexico. Tomorrow? Your guess isĀ as good
as mine. Or his.
One bright aspect is that he does say a lot of crazy
things, and in butchered English too, but so far he has
done well.
http://www.datamyne.com/multisite/wp...016.jpg?x14874
Imports all together are something just under 30% of US
steel consumption, i.e., 70% domestic.
I don't follow you. Your chart is a comparison of Q1-3 of
2015 compared to Q1-3 of 2016. The election was 4th quarter
2016.
Anyway, it seems to show that our import of steel from China
dropped and the main import of steel in 2016 comes from
Canada rather than China.
Presumably DJT stopped buying Chinese steel when he decided
to run for Pres? But seriously isn't DJT's point to block
Chinese steel? Or am I missing something?
I just linked a typical steel import distribution[1]. I
don't think his tariff intent matches his desired results
very well.
[1]I'm not an expert on steel import distribution and yes
I'm sure it varies slightly over time. But the steel
industry, worldwide, has had deep and profound troubles,
barely improved if at all in any country despite frenetic
political interference for my entire adult life and this
won't change that.
--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971