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The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?What would your solution have been? Status quo? Keep allowing China to steal from us?Well you democrats want to lose lol but we are not losing. China is losing more then is, so is Iran.. if you don’t suooort America just renounce your citizenships.. heheyep and losing.
Both sides losing doesn’t mean we win. Are you really that dense?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
What would your solution have been? Status quo? Keep allowing China to steal from us?Both sides losing doesn’t mean we win. Are you really that dense?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
Address it how? Everyone knows they aren't abiding by their agreements as part of the WTO. We going to threaten to stop trading with them entirely and force them out of the WTO? Do you think the weenie little countries in Europe whose economies are already in the tank would agree? Get real. We have the most powerful economy in the world. We can call the shots. We may have a few pains, but we can outlast China, that is, unless a Dumbocrat gets elected and raises taxes on corporations and high wage earners and kills our economy. We would then be forced to go back to the Chinese and let them have their way. The Chinese know this and are hoping beyond hope that one of the wackadoos on the left gets elected.
If I was an adversary of the US, I would plant a politician in this country who promised a bunch of free stuff and alll the things the Democrats are proposing. There is a segment of our population that are dumb as stumps and/or gullible and would go for it. Easy win.
Good to see you’re acknowledging the failure of your blob. Oh...how is our trade deficit with China looking?
Are you a millennial? Instant gratification? Trade war = long game.
The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?What would your solution have been? Status quo? Keep allowing China to steal from us?Well you democrats want to lose lol but we are not losing. China is losing more then is, so is Iran.. if you don’t suooort America just renounce your citizenships.. hehe
Both sides losing doesn’t mean we win. Are you really that dense?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
What would your solution have been? Status quo? Keep allowing China to steal from us?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
Address it how? Everyone knows they aren't abiding by their agreements as part of the WTO. We going to threaten to stop trading with them entirely and force them out of the WTO? Do you think the weenie little countries in Europe whose economies are already in the tank would agree? Get real. We have the most powerful economy in the world. We can call the shots. We may have a few pains, but we can outlast China, that is, unless a Dumbocrat gets elected and raises taxes on corporations and high wage earners and kills our economy. We would then be forced to go back to the Chinese and let them have their way. The Chinese know this and are hoping beyond hope that one of the wackadoos on the left gets elected.
If I was an adversary of the US, I would plant a politician in this country who promised a bunch of free stuff and alll the things the Democrats are proposing. There is a segment of our population that are dumb as stumps and/or gullible and would go for it. Easy win.
Good to see you’re acknowledging the failure of your blob. Oh...how is our trade deficit with China looking?
Are you a millennial? Instant gratification? Trade war = long game.
And long pain
Trump policy at its best.Everything Donald Trump has touched since January 2017 has turned brown and smelly.
Donald Trump levied tariffs on steel to create more jobs in the steel industry. However, the steel industry has lost jobs and is closing steelworks.
On top of that, steel prices went up to other US manufacturers who are now paying more for steel which has contributed to the downturn in US industries that use steel.
The negative effects of Donald Trump's tariffs prove that tariffs do not create jobs, they just raise prices and reduce demand.
"Trump repeatedly promised he would revive the steel industry through trade war measures primarily aimed at imports from China and Europe. The expectation of the tariffs and the tariffs themselves sent stock prices up in anticipation of huge profits. However, the protectionist measures have had the opposite effect."
Let us pray that Donald Trump's damage to the US and world economy is only temporary and will recover after Donald Trump's impeachment and expungement.
Steel layoffs in US mount due to falling production and trade war
Steel layoffs in US mount due to falling production and trade war
By Samuel Davidson
11 November 2019
Growing layoffs at major steel producers in the United States over the past three months point to a further slowdown in manufacturing and the impact of Trump’s trade war measures. All the major steel producers in the US have reduced production this year and this is now translating into a series of job cuts.
United States Steel (USS), the second largest steel producer in the US and once the symbol of US domination of industrial production, is facing a major crisis. The company’s stock has lost over 75 percent of its value since reaching a high of $45 per share in February 2018 when the Trump administration imposed a 25 percent tariff on steel imports. Today USS stock is trading at less than $11.
The company has announced that it will idle its tin mill in East Chicago, Indiana. The company claims that half of the 297 workers being laid off will be transferred to its other northwest Indiana steel mills, the Gary Works and the Midwest Plant in Portage. It gave no date for reopening the mill and most industry analysts expect it to permanently close because of falling demand for tin.
Earlier this year, USS shut down one of its blast furnaces at its Great Lakes Works near Detroit. Fifty workers were laid off at the time and another 200 lost their jobs at the end of September.
US Steel recently announced plans to buy a minority stake in Big River Steel for $700 million with the option to buy the rest of Arkansas-based steelmaker over the next four years. The buyout is part of USS’s cost-cutting measures. Big River uses an electric arc furnace to melt scrap metal instead of a blast furnace that produces new steel from iron ore.
Blast furnaces need to run at near peak capacity in order to be profitable while electric arc furnaces in so-called “mini-mills” can remain profitable at lower capacities. US Steel is also building new electric arc furnaces, but the decision to buy a competitor signals that the company needs to get into that market faster.
US Steel is not the only steelmaker slashing jobs. AK Steel has announced the closing of its mill in Ashland, Kentucky by the end of the year throwing all 260 employees out of work.
Earlier this year, TMK Ipsco Tubulars Inc. announced it was laying off 159 workers at its tubular plant in Wilder, Kentucky due to dropping demand from the oil and gas industry. Only 20 workers will remain, mainly for maintenance at the plant.
NLMK steel in Farrell, Pennsylvania laid off 100 workers over the summer citing the higher costs of steel imports. NLMK imported steel slabs from Russia and rolled them into finished products. The layoffs took place in the hot mill. About 300 workers are still working in other sections of the mill.
Last month, United Structures of America closed its plant in Portland, Tennessee, putting 45 employees out of work. The company blamed the layoffs on falling demand for steel from the construction industry.
Barber Steel Foundry in Rothbury, Michigan is closing this month, laying off all 61 employees. The foundry is part of Pittsburgh-based Wabtec Corporation, which manufactures locomotives and freight cars. Wabtec (Westinghouse Air Brakes Technology Corporation), which merged with GE Transportation, provoked a strike by 1,700 locomotive workers in Erie, Pennsylvania earlier this year that was isolated and betrayed by the United Electrical (UE) union.
Bayou Steel in Louisiana filed for bankruptcy October 1 and announced it was closing, putting 367 people out of work. Another 72 workers at its Harriman, Tennessee operations were also laid off. Bayou executives said they only had $50,000 in cash and were unable to secure credit.
Charlotte, North Carolina-based Nucor Corporation, the largest steelmaker in the United States, and Luxembourg-based ArcelorMittal, the largest steelmaker in the world, have both seen their stocks fall drastically this year and are under pressure to cut costs and jobs.
Nucor, which is also the largest mini mill operator, has seen its share value fall by nearly 25 percent since its high in 2018. ArcelorMittal’s stock has fallen nearly 60 percent, from a high of $36 in January 2018 to just $15.00. Like US Steel, ArcelorMittal relies primarily on blast furnaces to produce steel from iron ore.
During his election campaign, Trump repeatedly promised he would revive the steel industry through trade war measures primarily aimed at imports from China and Europe. The expectation of the tariffs and the tariffs themselves sent stock prices up in anticipation of huge profits. However, the protectionist measures have had the opposite effect.
US Steel, Nucor and ArcelorMittal all brought additional capacity online in anticipation of greater demand. While demand rose modestly, the additional capacity put online quickly led to a crisis of overproduction in the US market and falling steel prices. While there is a vast need for steel to repair and improve the infrastructure in the US and around the world, under the capitalist system of production for profit and the division of the world into rival nation-states workers now face the irrational prospect of being thrown into poverty because they have produced “too much” steel.
While most analyses point to tariffs as the cause of the crisis for steel producers, the general slowdown in production in the US and world economy is a major factor. US manufacturing has declined for the past three months while world demand is also down. ...
What company ever stopped trading with China because they steal trade secrets?The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?What would your solution have been? Status quo? Keep allowing China to steal from us?Both sides losing doesn’t mean we win. Are you really that dense?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
What company ever stopped trading with China because they steal trade secrets?The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?What would your solution have been? Status quo? Keep allowing China to steal from us?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
China will implode like japan...Trump used to rant and rave about Japan in the 80s. He was wrong then, too.
They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?The WTO has known about Chinas thievery for 20+ years. Nothing has been done. What is your other solution other than insults?
continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
Trump used to rant and rave about Japan in the 80s. He was wrong then, too.
They steal what we send them. If companies valued what is being stolen they would stop sending it to them.They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
They purchase electronics and steal IP. I read somewhere that 90% of MSFT licenses in China are stolen.
Size isn’t going to be a good thing. Soon they will have huge population of non workers. Throw in terrible pollution and way more males than females and they are doomed.Trump used to rant and rave about Japan in the 80s. He was wrong then, too.
Bot - Ignore.
Japan is a lot smaller than China
I thought you said you were for small government? You actually think big gov trying to manipulate trade is a good thing?They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?continue the same successful course we were on before your blob arrived. WTO actions are not cure all’s but the result of the trade war is layoffs and bailouts. It’s like complaining about the cops not coming to your home and proceeding to burn down your home because of it
So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
They purchase electronics and steal IP. I read somewhere that 90% of MSFT licenses in China are stolen.
I thought you said you were for small government? You actually think big gov trying to manipulate trade is a good thing?They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?So you would be OK with China stealing our trade secrets and trying to replace the USD as the major currency in the world? Status quo. That is your solution. I recommend college. Once there I recommend taking a few classes in economics and finance.
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
They purchase electronics and steal IP. I read somewhere that 90% of MSFT licenses in China are stolen.
If they lose $1Bn people they would still be ~3x the size of the US...Size isn’t going to be a good thing. Soon they will have huge population of non workers. Throw in terrible pollution and way more males than females and they are doomed.Trump used to rant and rave about Japan in the 80s. He was wrong then, too.
Bot - Ignore.
Japan is a lot smaller than China
What would your solution have been? Status quo? Keep allowing China to steal from us?Well you democrats want to lose lol but we are not losing. China is losing more then is, so is Iran.. if you don’t suooort America just renounce your citizenships.. heheyep and losing.
Both sides losing doesn’t mean we win. Are you really that dense?
One solution is to address the alleged foul play in the WTO instead of spending billions to fight a trade war unsuccessfully.
but blob supporters crave confrontation and simple solutions...it comes from being dumb and immature.
Address it how? Everyone knows they aren't abiding by their agreements as part of the WTO. We going to threaten to stop trading with them entirely and force them out of the WTO? Do you think the weenie little countries in Europe whose economies are already in the tank would agree? Get real. We have the most powerful economy in the world. We can call the shots. We may have a few pains, but we can outlast China, that is, unless a Dumbocrat gets elected and raises taxes on corporations and high wage earners and kills our economy. We would then be forced to go back to the Chinese and let them have their way. The Chinese know this and are hoping beyond hope that one of the wackadoos on the left gets elected.
If I was an adversary of the US, I would plant a politician in this country who promised a bunch of free stuff and alll the things the Democrats are proposing. There is a segment of our population that are dumb as stumps and/or gullible and would go for it. Easy win.
Free trade is the only fair trade. Being held accountable would mean companies would stop doing business with them. So far companies seem quite ok with the thievery.I thought you said you were for small government? You actually think big gov trying to manipulate trade is a good thing?They aren’t buying much from us. Sounds like the companies don’t value what is stolen very much. Nobody is forced to do business in China.What company ever stopped trading with China because they steal trade secrets?
China is doomed. Pollution and messed up population. Soon they will have too many dependants.
Tough to stop trading with a partner who has 300mil middle class people with $$$. Interesting dilemma.
They purchase electronics and steal IP. I read somewhere that 90% of MSFT licenses in China are stolen.
I am not. This is a very tough situation and one I am not very well versed in unfortunately. I agree with both free trade and fair trade but I am unsure how to attain both. I do believe that China needs to be held accountable for the thievery.
Which in their case means lots of none workers needing care. Not a good thing.If they lose $1Bn people they would still be ~3x the size of the US...Size isn’t going to be a good thing. Soon they will have huge population of non workers. Throw in terrible pollution and way more males than females and they are doomed.Trump used to rant and rave about Japan in the 80s. He was wrong then, too.
Bot - Ignore.
Japan is a lot smaller than China
