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Old March 8th 18, 03:11 PM posted to rec.bicycles.tech
Duane[_2_]
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Posts: 401
Default US steel trade war

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?
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