were the 500% obama steel tariffs good or bad

the reason china makes "cheap" steal is because their government subsidizes the cost

This post was edited by majorblood on Mar 10 2018 09:17pm

Mein neger watches stefan memeleux

maybe 1/20 videos at most

about fucking time...tired of made in china bullshit without all the smog

Yep, that is the ideal to go to. In a way, we'd be benefiting from the Chinese government to pay for our steel. However, I can also see it as unfair competition and subsidies on products can be used to deal a final blow towards industries in other countries, gaining a larger market share with it. So, I do understand the protectionism, if China would not subsidize its steel, it would not get its factories on he prospected needed volume of cheap steel, a key product needed to sustain growth. And if I were to be the US: I don't want to build my army with lower grade Chinese steel and become dependable on their export, a weakness when the relations with China are worsening.

Most subsidized and protected products in the western world, at this time, is food (agriculture) and oil. For whenever or whatever reason we going towards isolation, we can at least be self reliable. The ideal is that these measures become obsolete as well.



When it comes to the EU: yes, partially even splitting up countries in the block. The Uk did bite, Brexit plays a role there. Most others want to be deal with it as a block.

The thing is, we only export steel to the US and import no steel at all. Quite similar to the weapon industry, but the other way around. Having to impose similar changes in regulation as repercussion, is gonna be shit for both our economies.
ie: For now we're in the progress of buying ~35 F-35's, while we could have also invested in the Eurofighter. Equivalent to buying a car for 1% of your population (as a government)

/e:

Was that only against China or for the whole world? Cause I only remember Reagan and Bush imposing steel tariffs on the whole world..


I meant we don't import steel from the US. edited.

This post was edited by Knoppie on Mar 11 2018 05:00am

The last time the US imposed steel tariffs was in 2002. So Obama wasn't involved.
They failed, but not solely because of the steel tariffs. There were other pressures involved then as there is now.

I think this time it will succeed, for reasons I've already stated. One reason they failed last time was coal. In 2002 we were shutting coal production down, while imposing steel tariffs. Not a wise move.
That is just one example, there are others.

As for the EU, in case you haven't checked, you import food from the US, among other things.

Coal is easily minded more if the need arises. So that's not a plausible reason for the situation to change.

Maybe where ever you call home. LOL

*mined