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On June 01 2018 03:50 Plansix wrote:
Just don’t go to NYC and you will be fine. Unless you like paying way to much for pretty much everything. Then move to NYC.
Also we need that steel from Canada to do things in this economy. Its not like there is a second Canada sized steel market our companies can just go to. So for now this means US companies will pay more taxes for steel.
You mean we aren't going to suddenly employ hundreds of thousands of steel workers, each of which will be able to support a family of 4 on a single income?
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On June 01 2018 02:03 Lmui wrote:What the fuck. http://www.cbc.ca/news/politics/trump-steel-deadline-1.468524225% tariffs on steel, 10% on aluminum starting midnight tonight. This is stupid as all hell. Hello brinksmanship and pissing off every allied country in the world. Edit:: The justification is "National Security Reasons" What do Canadian metals, and German cars have to do with national security?...
Perhaps you should be using the term allied in scare quotes. Chinese companies are getting Iran sanctions relief.
Reuters and The Wall Street Journal, citing unnamed officials, reported early on May 22 that the deal might include China removing tariffs on U.S. agricultural products, as well as buying more U.S. farm goods.
ZTE, hit by a seven-year ban in April that effectively crippled its operations and was threatening to put the giant phone company out of business, would get a major reprieve under the deal.
https://www.rferl.org/a/us-china-reported-near-deal-lift-iran-sanctions-tech-giant-zte-trade-war-mnuchin/29241581.html
Hmm ... I wonder who will get hurt by Trump's Iran sanctions.
Well before Pompeo spoke, European leaders suggested that the U.S. approach won’t work. The European Union is studying ways to protect its companies from the sanctions and keep intact the 2015 accord, known as the Joint Comprehensive Plan of Action, without the U.S. The EU’s foreign affairs chief, Federica Mogherini, said Monday that “there is no alternative” to the agreement.
https://www.bloomberg.com/news/articles/2018-05-21/pompeo-details-demands-on-iran-after-trump-kills-nuclear-accord
And who will benefit?
Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market.
Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a record 250,000 lots last Wednesday, and the share of yuan contracts in global trading jumped to 12 percent compared to eight percent in March.
https://www.rt.com/business/426637-china-petroyuan-oil-trade-iran/
Another thing, I never heard talk of a US Military pullout from the Korean penninsula ... until manchurian donald got into office.
U.S. troop withdrawal could be up for negotiation if North Korea and South Korea can solidify a lasting peace deal, Defense Secretary Jim Mattis said Friday.
Mattis was cautious in his response to a question on the potential for withdrawals foll
https://www.military.com/daily-news/2018/04/28/troop-withdrawal-table-if-korea-peace-deal-solid-mattis.html-0
Damn, all these things keep going China's way. Weird. Or is it weird?
The Chinese government is extending a $500 million loan to a state-owned construction company to build an Indonesian theme park that will feature a Trump-branded golf course and hotels.
A subsidiary of Chinese state-owned construction firm Metallurgical Corporation of China (MCC) signed a deal last week with the Indonesian firm MNC Land to build an “integrated lifestyle resort,” as part of Beijing’s global influence-expanding “Belt and Road” infrastructure initiative.
https://www.nationalreview.com/news/china-contributing-500-million-trump-linked-project-indonesia/
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In theory the US steel industry could seek to expand to fill the potential gap made by the tariffs (providing its worth it financially even with the increased tariff cost) but that would require long term trust in these tariffs staying up for it to become financially viable.
And I would doubt anyone believes that will happen.
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On June 01 2018 03:55 Mohdoo wrote:Show nested quote +On June 01 2018 03:50 Plansix wrote:
Just don’t go to NYC and you will be fine. Unless you like paying way to much for pretty much everything. Then move to NYC.
Also we need that steel from Canada to do things in this economy. Its not like there is a second Canada sized steel market our companies can just go to. So for now this means US companies will pay more taxes for steel.
You mean we aren't going to suddenly employ hundreds of thousands of steel workers, each of which will be able to support a family of 4 on a single income?
We might have a bunch of unemployed construction workers as projects are canceled due to increased steel costs. Who knows? We haven’t done stuff this stupid since the before the 1930s.
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On June 01 2018 03:49 Mohdoo wrote:Show nested quote +On June 01 2018 03:44 JimmyJRaynor wrote:On June 01 2018 03:28 Mohdoo wrote:On June 01 2018 03:28 JimmyJRaynor wrote:
it looks like i'm moving to the USA. I love new york. Did I miss something? i live near Toronto, Ontario. Over the last 12 years Ontario's hydro production costs went from the lowest in NA to the highest in NA. This has decimated the private sector. We now have a trade war that harms the synergies between the New York and Ontario economies. http://www.cbc.ca/news/politics/trump-steel-deadline-1.46852421/2 of Canada's steel production is exported directly to the USA. Ontario's economy relies on selling stuff to New York state. The trade war will hurt Ontario and Canada a lot more than the USA and New York. So I'm heading to New York. Welcome!
thx man. i will try to be a good new yorker. i love the buffalo bills. Jerry Seinfeld and Andy Kaufman are my 2 favourite comedians. imo, Ayn Rand is my favourite fiction writer and the most important intellectual of the 20th century. Barry Scheck is a real life super hero. These people are all new yorkers.
i really need to work on getting some non-jewish heroes... my bias is showing.
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On June 01 2018 04:02 Gorsameth wrote:
In theory the US steel industry could seek to expand to fill the potential gap made by the tariffs (providing its worth it financially even with the increased tariff cost) but that would require long term trust in these tariffs staying up for it to become financially viable.
And I would doubt anyone believes that will happen.
A steel mill isn't just something you open up because you feel like the situation is getting better. It's not like this is someone opening up a small shop somewhere.
We're probably talking about a billion dollars or more here and I just don't see anyone (who has that kind of money) thinking to themselves that steel, made in the US, is the way to invest that money.
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On June 01 2018 03:50 Plansix wrote:
Just don’t go to NYC and you will be fine. Unless you like paying way to much for pretty much everything. Then move to NYC.
good point. i really like upstate new york; to me, upstate new york feels a lot like western ontario.
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On June 01 2018 04:07 Toadesstern wrote:Show nested quote +On June 01 2018 04:02 Gorsameth wrote:
In theory the US steel industry could seek to expand to fill the potential gap made by the tariffs (providing its worth it financially even with the increased tariff cost) but that would require long term trust in these tariffs staying up for it to become financially viable.
And I would doubt anyone believes that will happen. A steel mill isn't just something you open up because you feel like the situation is getting better. It's not like this is someone opening up a small shop somewhere. We're probably talking about a billion dollars or more here and I just don't see anyone (who has that kind of money) thinking to themselves that steel, made in the US, is the way to invest that money.
And there is an election coming up where all the industries harmed by this could push to end these tariffs, rather than rebuild the steel industry over the next decade due to high priced steel.
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On June 01 2018 04:04 JimmyJRaynor wrote:Show nested quote +On June 01 2018 03:49 Mohdoo wrote:On June 01 2018 03:44 JimmyJRaynor wrote:On June 01 2018 03:28 Mohdoo wrote:On June 01 2018 03:28 JimmyJRaynor wrote:
it looks like i'm moving to the USA. I love new york. Did I miss something? i live near Toronto, Ontario. Over the last 12 years Ontario's hydro production costs went from the lowest in NA to the highest in NA. This has decimated the private sector. We now have a trade war that harms the synergies between the New York and Ontario economies. http://www.cbc.ca/news/politics/trump-steel-deadline-1.46852421/2 of Canada's steel production is exported directly to the USA. Ontario's economy relies on selling stuff to New York state. The trade war will hurt Ontario and Canada a lot more than the USA and New York. So I'm heading to New York. Welcome! thx man. i will try to be a good new yorker. i love the buffalo bills. Jerry Seinfeld and Andy Kaufman are my 2 favourite comedians. imo, Ayn Rand is my favourite fiction writer and the most important intellectual of the 20th century. Barry Scheck is a real life super hero. These people are all new yorkers. i really need to work on getting some non-jewish heroes... my bias is showing.
Fiction indeed
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5930 Posts
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On June 01 2018 04:38 kollin wrote:Show nested quote +On June 01 2018 04:04 JimmyJRaynor wrote:On June 01 2018 03:49 Mohdoo wrote:On June 01 2018 03:44 JimmyJRaynor wrote:On June 01 2018 03:28 Mohdoo wrote:On June 01 2018 03:28 JimmyJRaynor wrote:
it looks like i'm moving to the USA. I love new york. Did I miss something? i live near Toronto, Ontario. Over the last 12 years Ontario's hydro production costs went from the lowest in NA to the highest in NA. This has decimated the private sector. We now have a trade war that harms the synergies between the New York and Ontario economies. http://www.cbc.ca/news/politics/trump-steel-deadline-1.46852421/2 of Canada's steel production is exported directly to the USA. Ontario's economy relies on selling stuff to New York state. The trade war will hurt Ontario and Canada a lot more than the USA and New York. So I'm heading to New York. Welcome! thx man. i will try to be a good new yorker. i love the buffalo bills. Jerry Seinfeld and Andy Kaufman are my 2 favourite comedians. imo, Ayn Rand is my favourite fiction writer and the most important intellectual of the 20th century. Barry Scheck is a real life super hero. These people are all new yorkers. i really need to work on getting some non-jewish heroes... my bias is showing. Fiction indeed
Zack Snyder’s next work will be a movie adaption of the Fountain Head, because that is the only logical progression of his career. Maybe Jimmy will get lucky and it will be filmed in NYC.
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It's gonna be really weird if we start buying a ton of steel from Russia.
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Two pardons connected with attorney Patrick Fitzgerald and one from Comey so far.
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Blogojevich pardon is just downright messed up. The others can be almost somewhat argued as fair, but there is no ethical argument to pardoning Blogojevich. The dude is recorded with zero ambiguity trying to sell a senate seat. He is so beyond guilty, and guilty of something extremely terrible that the idea of a pardon is downright incorrect.
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We gave him the keys to the oval office and Trump is just seeing how fast it can go. It turns out it can go real fast if congress doesn’t force him to slow down.
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So, looks like Canada's counter-tariffs are extremely targeted. Would be interesting to see some overview of which states produce most of this shit.
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On June 01 2018 05:26 WolfintheSheep wrote:So, looks like Canada's counter-tariffs are extremely targeted. Would be interesting to see some overview of which states produce most of this shit.
I expect it to resemble the kind of retaliatory tariffs the EU slapped on the U.S, especially the Red State areas. I see whiskies that probably hit like Kentucky, and Orange juice for Florida I presume.
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It is extremely important that North America and Europe don't blink and have absolute resolve. Allowing Trump to win a game of chicken will empower him politically and allow him to drastically increase this behavior. This needs to be strongly punished and NA/EU need to be willing to bleed for this. Protectionism needs to be shut down immediately.
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On June 01 2018 05:28 PhoenixVoid wrote:Show nested quote +On June 01 2018 05:26 WolfintheSheep wrote:So, looks like Canada's counter-tariffs are extremely targeted. Would be interesting to see some overview of which states produce most of this shit. I expect it to resemble the kind of retaliatory tariffs the EU slapped on the U.S, especially the Red State areas. I see whiskies that probably hit like Kentucky, and Orange juice for Florida I presume.
Sugar is also in there, and that's FL.
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Gotta say, i don't think i could find a way to ruin the US more efficiently if i was president. Then again, that usually shouldn't be the goal of the president either.
Trump just strikes at all fronts at the same time. Internally, increase strife between population groups and destroy trust in the system through obvious corruption and nepotism. Externally, pissing off every ally, making sure everyone knows that any contract with you cannot be trusted and getting into a trade war. Economically, getting into a trade war to ruin the industry.
I don't know if Trump is the main problem you guys have, i have heard good points that a lot of underlying issues are maybe more important. But Trump is basically doing anything within his power to make stuff worse. One could ask whether it is because of incompetence or malice (i tend towards incompetence), but that isn't the most important question either. The main question is how one can stop the senile guy from doing any more harm in the future.
What i am wondering is if it is possible to effectively tailor countertariffs in such a way that they hit Trump personally in a way that hurts.
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EPT
