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Post by leexrayshady on Feb 21, 2018 7:28:29 GMT -6
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Post by MoBuckChaser on Feb 21, 2018 8:24:47 GMT -6
After the announcement came out beans are up. Tariff or not, people got to eat, people need tires and fuel. Beans will be fine, calling for $12 beans this summer. I have sold many a soybean for under $6!
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Post by sd51555 on Mar 5, 2018 6:54:41 GMT -6
This tariff deal is very interesting. Lots of power going to battle to protect their interests, and it looks like there is a serious chance this actually gets addressed in America's favor. What does that mean from producer to producer? Don't know yet. Is it worth fighting? You bet it is. I ran the numbers this morning, the 2017 trade deficit was 2.9% of GDP, or rather, a drain on GDP of 2.9%. If the gap would close, 2nd Qtr GDP could be as high as 7-8%. Hold onto your tits if that ever happens. I didn't realize NAFTA was on the table for renegotiation as we speak. Then these tweets came out this morning. Classic "Art of the deal" at work here.
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Post by wiscwhip on Mar 5, 2018 8:06:50 GMT -6
Freakin' MAGA, baby!!!! ^^^^^^^
For the record, China will throw a tantrum over the tariff's, but they can suck it and so can the rest of the world! Slow down the damn over-production for a bit and watch the field level out. Last year the world produced more than 10 times the amount of steel that the US(worlds largest yearly user of steel tonnage by a good margin) needs, and most of it was done in countries that have no regulations on environmental controls like we have, they prop up the steel producers with bogus "contracts" from their governments to keep the plants operating so their workers don't revolt, and pay pennies on the dollar for wages compared to the US mills.
The one drawback is that the US mills already started price increases 2 months ago and they are continuing to go up. I just hope the mills realize that yes, they deserve to make some money given the slim margins they have had to live with for years, but increasing the cost of steel will definitely slow down the expansions and refurbishment projects that many companies in this country need on their internal infrastructure and capital improvements. The mills raise prices too far and it will have a detrimental effect on the economic expansion that "could" really turn shit around in this country. I just hope they use common fucking sense in their decisions instead of letting all out greed drive their decisions, as they could really put the hurt on a chance for the economy to boom.
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Post by wiscwhip on Mar 6, 2018 11:22:48 GMT -6
Well, in doing a bit more research into this whole tariff thing, I am quickly starting to turn away from it's apparent benefits to the majority of Americans. Since the steel and aluminum tariff's only cover raw materials, every manufacturer is going to suffer because of this. I am personally going to be affected in a very negative way. The cost of raw materials will go up for US businesses, thus causing our fabricated products to cost more for the consumer. With no tariffs in place to protect "finished goods", it will be WAAAAYYYYY cheaper for companies wanting to erect new buildings to just source their whole project from China or Canada. We have already been dealing with this for some time, given that every fucking time Cargill does an expansion or builds a new facility, they get their steel already fabricated from China, shipped here in containers ready to be erected, at pennies on the dollar, and they have been doing it for years now. This will only get worse with the current iteration of the tariffs as they now sit. Less than 200,000 people are employed by the steel mills, millions are employed by fabrication shops that produce finished goods with that steel. I don't see how the tariffs are going to create all the jobs they are saying, accept for those in other countries that will now start producing more finished goods to ship here tariff free while driving up the cost of domestic and imported steel for US fabricators, thus pricing "homemade goods" out of the marketplace. I'm really beginning to hope this is just one of Trump's "knee jerk suggestions" to illicit a favorable international response to our trade deficits, because if it isn't, he will put FAAARRRR more folks out of jobs than he could ever begin to create.
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Post by kabic on Mar 6, 2018 11:28:06 GMT -6
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Post by sd51555 on Mar 6, 2018 11:58:33 GMT -6
You found an explanation out there? I’ve been trying to find one myself, and haven’t been able to. I’m a number weirdo, and our journalists have failed me so far.
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Post by Bwoods11 on Mar 6, 2018 12:21:08 GMT -6
Ag was terrible under Obama. Low prices and he tripled farmers health insurance...
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Post by wiscwhip on Mar 6, 2018 12:34:20 GMT -6
Those would be considered raw materials and be subject to tariffs and the subsequent domestic price increases I have been seeing in the last 2 months. Whatever you make out of them are finished goods and are not, as of right now, covered under the current tariff deal. So if I want the "best deal" on those items, I am buying them from overseas, as they are not subject to the tariffs on the raw materials used in their country of origin and are not subject to the raw materials tariffs when imported to this country. < This is how I understand it as of right now.
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Post by wiscwhip on Mar 6, 2018 12:35:49 GMT -6
You found an explanation out there? I’ve been trying to find one myself, and haven’t been able to. I’m a number weirdo, and our journalists have failed me so far. I have not found this information anywhere online, it was explained to me by one of our steel reps from one of the largest steel distributors in the country.
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Post by wiscwhip on Mar 6, 2018 12:39:37 GMT -6
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Post by wiscwhip on Mar 6, 2018 12:44:03 GMT -6
Here's the issue from a company that everyone will recognize.............
"Last week, Caterpillar’s director of investor relations, Amy Campbell, said the majority of the steel that Caterpillar uses for manufacturing comes from the United States.
The tariffs would pose a “challenge” as they would cause domestic steel prices to rise along with prices of imported steel, putting Caterpillar at a competitive disadvantage vis-à-vis their non-U.S. competitors."
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Post by wiscwhip on Mar 8, 2018 12:28:27 GMT -6
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Post by sd51555 on Mar 8, 2018 13:16:42 GMT -6
I heard on the radio late this morning, the president is already working on an exemption for Mexico and Canada which probably means they've gotten a new deal hammered out. I was curious how much our trade balance impacts our economies, so I got to digging. If Mexico's surplus with us went away, they'd fall into major league economic depression. I was surprised how small Canada's was, but I bet that has shrank thanks to our domestic energy boom.
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Post by Sandbur on Mar 9, 2018 2:56:11 GMT -6
Do you guys see what I suspect???
The USA is used to career politicians as President who usually only speak hen things are a done deal. Businessmen make statements as though they are true and settled, but in reality it is only a way of bargaining.
True or false??
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