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rump's trade wars

(32 Posts)
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gillybob Sat 02-Jun-18 16:16:49

It’s a pity none of our political parties give a monkey’s toot about our steel workers and infact most other heavy industry . Oh yes silly me , they tend to be Northern and therefore don’t count .

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gillybob Sat 02-Jun-18 16:14:44

I really can’t blame him for keeping his ejection promise and getting a better deal for the US steel workers. I think maybe some people just look for reasons to dislike him. The US economy is booming at the minute so he must be doing something right .

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petra Sat 02-Jun-18 13:32:55

We are always complaining that politicians never keep their word when campaigning. He said he was going to do something for the steel workers: well now he has.
I believe that once we are out of the eu, trade tariffs between us and the US will change.

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lemongrove Sat 02-Jun-18 12:49:50

This is disappointing....thought the rump may indicate an interesting thread! grin
It gets people looking anyway Varian.
Good analysis Nfk I think you are very likely right.

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NfkDumpling Sat 02-Jun-18 10:40:25

Apparently he’s not starting a trade war, it’s just a step in a renotiating process. His idea of getting better terms seems to be to go to the last, final threat first and then changing his mind. Only he doesn’t just threaten it, he does it and then changes back. His style of business to keep everyone on their toes and nervous. It may have worked with North Korea - changing his mind about a meeting just to show he can, and then changing it back again to try to get a better deal - but I think he may have misjudged this one.

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varian Sat 02-Jun-18 10:33:10

Trump's not rump's - perhaps a freudian slip!

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varian Sat 02-Jun-18 10:32:19

Donald Trump is imposing a 25% tariff on imported steel and 10% on auminium.

A Newsweek report published in 2016 found Trump used cheap Chinese steel and aluminum in two of his recent construction projects and went to great lengths to cover his tracks. Donald Trump turned his back on the U.S. steel and aluminum industries but, somehow, is claiming to be its savior. -

"Donald Trump used Chinese steel and aluminum. The United States has a long history of producing high-quality steel and aluminum, but Trump chose Chinese manufacturers in at least two of his recent construction projects. The Trump International Hotel Las Vegas and the Trump International Hotel & Tower Chicago both used tons of Chinese metals. The origin of the steel used was obscured. The origin of the steel used to build the Trump hotel in Las Vegas was hidden through a tangle of “various corporate entities, including holding companies registered in the British Virgin Islands," a popular location for offshore entities who place a premium on, ahem, discretion.

Trump spent at least $350 million on Chinese aluminum. Newsweek estimated Trump used 207,000 feet of Chinese aluminum for the Trump hotel in Chicago. Conservative estimates based on pound per foot means at least $350 million in sales went to a subsidiary of a Chinese aluminum manufacturer. This, when the American aluminum industry is collapsing. In the past two years, “more than half of the country’s aluminum smelters in states like Ohio, West Virginia and Texas have closed as a result of being undercut on price by competition from overseas.”

aflcio.org/2016/10/12/six-facts-donald-trumps-use-chinese-steel

This report was published before the presidential election, and yet huge numbers of "rustbelt" voters still chose Trump!!!

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