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Re: Caught in yet another lie ... ?
Posted by MikeC/TX of TX on 7/2/18 4:14pm Msg #71764
I suspect that his company is the exception rather than the rule.

Think about it - there are a lot more buyers of steel in the US than there are producers, and users started going offshore when the US producers couldn't compete on price. Now with the tariffs, foreign steel is becoming more expensive, and users are scrambling. But the US no longer has the manufacturing capacity to keep up with the demand, and you don't start up a steel mill by just walking in and flipping a light switch on. So while the remaining US steel producers are going to see a boost in domestic business, they'll have no choice but to turn customers away because their capacity is limited. That's what's happening to that large nail manufacturer in the midwest - they can't source the steel they need locally, and they're quickly being driven out of business.

The surge in business is probably temporary because the tariffs are not going to be there forever - eventually, someone will get through to Trump and explain the difference between a trade deficit and a budget deficit, and why a trade war is not a good thing for anyone.
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Messages in this Thread
 Caught in yet another lie ... ? - Yoli/CA on 6/29/18 2:46pm
 Re: Caught in yet another lie ... ? - MikeC/TX on 6/29/18 5:21pm
 Re: Caught in yet another lie ... ? - bagger on 6/30/18 1:22pm
 Re: Caught in yet another lie ... ? - shooterclay on 6/30/18 8:54pm
 Re: Caught in yet another lie ... ? - MikeC/TX on 7/2/18 4:14pm
 And, what is the precise reason we could not compete? - bagger on 7/3/18 7:49am
 Re: And, what is the precise reason we could not compete? -  JanetK_CA on 7/3/18 7:34pm
 In his own words n/m - bagger on 7/5/18 10:29am
 Re: In his own words - bagger on 7/5/18 10:30am
 Typical... n/m - shooterclay on 7/5/18 1:40pm
 Re: And, what is the precise reason we could not compete? - bagger on 7/6/18 2:47pm
 Re: Caught in yet another lie ... ? - shooterclay on 7/4/18 8:06pm
 Re: Caught in yet another lie ... ? - MikeC/TX on 7/6/18 6:26pm
 Re: Caught in yet another lie ... ? - shooterclay on 7/6/18 6:54pm
 Re: Caught in yet another lie ... ? - MikeC/TX on 7/7/18 5:42pm
 Did someone jump the gun? Jerk the knee? n/m - bagger on 7/2/18 6:55am
 Re: Did someone jump the gun? Jerk the knee? - bagger on 7/2/18 6:56am



 
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