The Briefing Room

General Category => Economy/Business => Topic started by: ABX on April 13, 2018, 06:19:50 pm

Title: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: ABX on April 13, 2018, 06:19:50 pm: Quote
Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month - after the seller raised the price 5 percent in a day. The reason: steel prices jumped right after U.S. President Donald Trump announced tariffs.
Throughout U.S. farm country, where Trump has enjoyed strong support, tariffs on steel and aluminum imports are boosting costs for equipment and infrastructure and causing some farmers and agricultural firms to scrap purchases and expansion plans, according to Reutersâ€™ interviews with farmers, manufacturers, construction firms and food shippers. ....

https://www.reuters.com/article/us-usa-trade-steel-agriculture/trade-war-backfire-steel-tariff-shrapnel-hits-u-s-farmers-idUSKBN1HK0GV (https://www.reuters.com/article/us-usa-trade-steel-agriculture/trade-war-backfire-steel-tariff-shrapnel-hits-u-s-farmers-idUSKBN1HK0GV)
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: DB on April 13, 2018, 06:23:03 pm: We were assured that this little bump in the cost of things was nothing... All these little nothings that make us poorer by the day...
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: ABX on April 13, 2018, 06:23:54 pm: Quote from: DB on April 13, 2018, 06:23:03 pm
We were assured that this little bump in the cost of things was nothing... All these little nothings that make us poorer by the day...

I can't think of a time in recent history that government interventionism didn't hurt in the long run.
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: Applewood on April 14, 2018, 05:45:48 pm: But...But...But..these tariffs are going to bring back JOBS!

*****rollingeyes*****
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: IsailedawayfromFR on April 14, 2018, 09:43:10 pm: Why just farmers mentioned in this? Any industry that uses steel is similarly impacted, whether cars, pipelines or windturbines.
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: Frank Cannon on April 14, 2018, 09:51:04 pm: Quote from: DB on April 13, 2018, 06:23:03 pm
We were assured that this little bump in the cost of things was nothing... All these little nothings that make us poorer by the day...

I love you guys who suckle on the policies of Clintoon/Bush/Obama that put us in this terrible position with these Communist enemies. Let's just keep going with the same old same oldwithout doing anything so that this trade problem gets really effed up, right?

BTW this whiny farmer can stuff it up his fat lazy subsidized ass. Steel prices were through the roof in December before any of this tariff chatter got started. Right now, even with the 5% bump, it is as cheap as hit has been in a while.....

(https://d3fy651gv2fhd3.cloudfront.net/charts/commodity-steel.png?s=steel&v=201804130720v)
Title: Re: Trade war backfire: Steel tariff shrapnel hits U.S. farmers
Post by: Smokin Joe on April 15, 2018, 10:18:41 am: Hey, if I order something at one price, and after doing so, someone jacks the pride, I'm done doing business with them, too. A deal is a deal.