Steel maker JSW to build new plant, invest $500M after Trump tariffs

[The Irish Ram]

From this:

To this:

Weirton Steel. Employed half the Valley. Slick Willy promised them he'd make sure they kept working. Signed a picture of himself for them and everything! They used it for a dart board, right up to the day they shut down.

Here is Mingo Junction... now:

Talk to me about fair trade.

Tell Steubenville about it:

Sit down, shut up for the next 2 years and then ask yourself, are these people better off now than they were? If so, vote for Trump, because we have a long way to go...

 

[danielpalos]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

Just one Firm? Even our own allies are in a trade war with us. Here is the recent movements in the market. The DOW Jones average.

 

[The Irish Ram]

No, not just one. One more...

 

[BluesLegend]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

Throwing bad money after bad money.

Soon orange turd will be gone and with him all of his batshit 'policies' including tariffs. Then all the idiotic companies like this will go belly up and all the jobs will be gone.

But stupidity knows no bounds.

Yup, sure sounds like a winning strategy for dems.

View attachment 200542

Lib please we will stomp the shit out of you people again.

 

[The Irish Ram]

farmers, who own small businesses, who fight every day to get access to Asian markets, to India, to Canada, to Mexico, want a trade policy that protects their interests.

Trump is failing to provide that leadership

No, they do not fight for access, they are fighting against tariffs so high they cannot compete in places like Canada:

Canada has long maintained a high tariff wall on most dairy products. The duty on milk is 270 per cent. That keeps most imports from the United States and elsewhere out of Canada, while helping to prop up higher domestic prices. One notable exception is ultrafiltered milk and other protein-rich dairy ingredients used to make dairy products such as cheese and yogurt. North American free-trade rules do not cover these ingredients, so they enter Canada duty-free. And in recent years, U.S. dairies have developed a booming business selling these low-cost products to dairies in Canada ($133-million last year). That all changed about a year ago, when Canadian dairy farmers and producers moved to close the breach in the tariff wall with a new "ingredients strategy." They persuaded regulators to create a new lower-priced class of industrial milk as an incentive to get dairies to produce protein substances in Canada, using Canadian milk. The result was predictable: U.S. imports fell in 2016, and are declining sharply so far this year.

 

[danielpalos]

No, not just one. One more...

and our own allies?

 

[danielpalos]

farmers, who own small businesses, who fight every day to get access to Asian markets, to India, to Canada, to Mexico, want a trade policy that protects their interests.

Trump is failing to provide that leadership

No, they do not fight for access, they are fighting against tariffs so high they cannot compete in places like Canada:

Canada has long maintained a high tariff wall on most dairy products. The duty on milk is 270 per cent. That keeps most imports from the United States and elsewhere out of Canada, while helping to prop up higher domestic prices. One notable exception is ultrafiltered milk and other protein-rich dairy ingredients used to make dairy products such as cheese and yogurt. North American free-trade rules do not cover these ingredients, so they enter Canada duty-free. And in recent years, U.S. dairies have developed a booming business selling these low-cost products to dairies in Canada ($133-million last year). That all changed about a year ago, when Canadian dairy farmers and producers moved to close the breach in the tariff wall with a new "ingredients strategy." They persuaded regulators to create a new lower-priced class of industrial milk as an incentive to get dairies to produce protein substances in Canada, using Canadian milk. The result was predictable: U.S. imports fell in 2016, and are declining sharply so far this year.

And, there are no other markets? The methodology works.

 

[Moonglow]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

It is a company from India which is building it..

 

[Moonglow]

The money for labor is in automation mostly, very little for workers.

When is manufacturing coming back?

After the fall of the robots, yeah they'll corrupt themselves and start having an interest outside of the factory..

 

[Dragonlady]

bs

FOX = FAKE NEWS

I know it is frustrating for my friends on the left to watch good things happen for American and Americans

muh blue wave

NOTHING has happened yet, other than Trump has announced tariffs. Announcements aren’t actions.

What if the tariffs end tomorrow? Will the Indian company still invest? Why would they?

What guarantee is there that once the pain of 150,000 manufacturing jobs being lost due to the tariffs hits home?

 

[danielpalos]

What happened to the fine capital plans, the right wing alleged to have?

The Trade War’s First Casualties

Why a major trade war could mean a ‘full-blown recession’

 

[JakeStarkey]

If the tariffs all go into effect in the next few weeks, as it has been said they would, the loss of jobs and the 10 to 20% hike in prices will be felt by mid-September.

Trump may be working to put the dems deliberately back in power.

 

[danielpalos]

Trump’s trade war on Canada is just dumb
https://nypost.com/2018/06/15/trumps-trade-war-on-canada-is-just-dumb/

EU slaps revenge tariffs on US as trade war erupts

 

[danielpalos]

What ever has the right wing, gotten us into?

 

[dcbl]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

Just one Firm? Even our own allies are in a trade war with us. Here is the recent movements in the market. The DOW Jones average.

markets are doing fine

our demands that trade tariffs be equal is good for American workers

 

[JBvM]

markets are doing fine

our demands that trade tariffs be equal is good for American workers

which ones? We need to know which we are choosing to win and which we are choosing to lose

 

[busybee01]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

What about the jobs that were lost when Harley Davidson closed their facility and moved their overseas production overseas. You don't seem to care about them.

 

[busybee01]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

Just one Firm? Even our own allies are in a trade war with us. Here is the recent movements in the market. The DOW Jones average.

markets are doing fine

our demands that trade tariffs be equal is good for American workers

Not when we do the same thing. The US has a huge number of tariffs as well. That is okay I suppose.

 

[danielpalos]

we have the best trade wars, don't we folks?

FOX Bidnezz

quote:
Trump tariffs drive $500M investment in a new Ohio steel plant

JSW Steel USA CEO John Hritz says the company is investing $500M to build a steel plant in Ohio instead of India during a First on FOX Business interview with Edward Lawrence.

A major investment is kickstarting America’s steel industry.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a total investment of $1 billion after President Trump’s tax reform and tariffs on imported steel.

“The Trump administration was the driver behind giving us in the U.S. the ability to compete for capital,” JSW Steel USA CEO John Hritz said during a First on FOX Business interview with Edward Lawrence on Thursday.

Just one Firm? Even our own allies are in a trade war with us. Here is the recent movements in the market. The DOW Jones average.

markets are doing fine

our demands that trade tariffs be equal is good for American workers

when charts don't matter, trade on news.

Trump’s Trade War Spooks Markets as White House Waits for China to Blink

Analysis | Trump’s trade war makes no sense

Donald Trump’s Trade Wars Could Lead to the Next Great Depression