• Please be aware we've switched the forums to their own URL. (again) You'll find the new website address to be www.steelernationforum.com Thanks
  • Please clear your private messages. Your inbox is close to being full.

Tariffs

Stainless said:
The market selloff is starting to look yuge. I've been buying, but I'm starting to wonder if I should have waited until we're closer to the next election.
Click to expand...
You wait that long and you will miss everything. I fully expect things to settle down in the next few weeks, hell it’s already starting to with all the countries trying to get back in Trump’s good graces already.

I wouldn’t jump right in now at 100%, but you might consider buying a little each time it slides. You may not make as much as you would by perfectly timing the bottom but you won’t miss out completely.
 
Last edited:
I've made purchases the last two days. Monday might be the day people start jumping out of buildings.
 
Stainless said:
I've made purchases the last two days. Monday might be the day people start jumping out of buildings.
Click to expand...
I had about $40 grand sitting in cash from what I sold off In mid February. Friday I bought about $8 grand, if it slides again tomorrow, I will probably buy another $10 grand and hope we are nearing the bottom. I don’t think it will drop below 36-37K and will look to buy again @ 37K, I’ll save a bit to use if it hits 36K. If it looks to settle a couple days then I’ll get in then instead. I fully expect to see a 50K high before Trump’s term ends.
 
Ron Burgundy said:
It appears that the Eastern European countries that got away from Communism and don't let in illegal immigrants (Hi Tibs) are doing well and the Western Socialist countries are not.
George H.W. Boosh and Bill Clinton agreed on NAFTA so we were getting that regardless who won that election.
Ross Perot came across as a crackpot but he ended up being right.
Click to expand...
The main reason the Eastern European countries' growth rates are higher is because they are coming from a much lower base. If you look at their real GDP per capita (mostly under or around $50K) they are still significantly lower than most of the Western Socialist countries (mostly $65-80K) (https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=OE).
 
IndySteel said:
The latest that I heard, as of last week, from someone high up at corporate was that Nippon will invest and it will become a joint venture. Still called U.S. Steel and still headquartered in Pittsburgh.
Click to expand...
Perhaps this is a good. But what about so called Free Trade? Trump created a barrier that the business folks did not want. Other than national pride, why is this better for anyone?
 
MT~Forged said:
I think what is getting lost in all this is that Trump wanted to make radical changes the first time around. Where he erred was that he tried to make those changes from within with the “help” of those who opposed him every step of the way. He realized that he was going to have to scale that back if he wanted any chance to be re-elected, and signed the deal knowing it was not what he wanted, but slightly better than previous deals.

NOW, Trump finally sees how things work in politics and he has no re-election worries. He's not going to scale anything back this time. He is also FINALLY bringing in outsiders to assist him in making these much needed radical changes. He isn’t concerned with what other countries think. His knows that America is the largest market in the world and without being able to sell into it companies will suffer and the countries they operate in will too. He is putting a boot on every country’s neck, he is NOT trying to be fair, and he is not apologizing for it either. He is OPERATING from a position of exceeding strength, but will compromise to an equal position.

This is where Trump and myself differ, I don’t think he is going far enough. I would not accept any phone calls or changes for 6 months, just so these countries can start to feel how badly they need to be in America’s good graces. When I did take their calls they would be told they will eliminate EVERY opposition to trade with America AND they will pay a fee of 10% of the values (WE DETERMINE) of goods exported to America as a fee to do business here. The companies will not pay this, their country will pay the cumulative total. If they want to shake down those companies at home, I don’t care.
Click to expand...
So the strategy is:
Lets piss off everyone (enemies, friends, allies, trade partners) at once, let the dust settle and then re-do only what is in our best interests, when we choose.

Cuz, 'Murica!!!
 
Troglodyte said:
China. Adversary, population of 1.4 billion
Canada. Ally, population of 40 million.
McDonald Islands. Uninhabited, population zero.
Click to expand...
1744031587678.png
 
from Trump 47 this am:

“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” he wrote on Truth Social just before 7 a.m.

Its good to see the S&P bounce after the opening sell off!

Given the historic moves lower in the stock markets Thursday and Friday -- three times before in US market history has there been two bad days like that consecutively -- it is notable that the Fed stepped in each of the other three times (1987, 2008 and 2020 Covid) by lowering rates to ease market fears. Looks like Trump will need to fire Powell this week.
 
MT~Forged said:
I had about $40 grand sitting in cash from what I sold off In mid February. Friday I bought about $8 grand, if it slides again tomorrow, I will probably buy another $10 grand and hope we are nearing the bottom. I don’t think it will drop below 36-37K and will look to buy again @ 37K, I’ll save a bit to use if it hits 36K. If it looks to settle a couple days then I’ll get in then instead. I fully expect to see a 50K high before Trump’s term ends.
Click to expand...

 
Donald J. Trump


@realDonaldTrump



The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!
 
Again, I like the idea of bringing manufacturing back home. But I don't see a lot of Americans hankering for factory jobs. Maybe if they pay steep union wages and benefits but that's going to drive inflation through the roof. Do I like relying on Chinese slave labor? No. But we are not talking about short term pain for fabulous gains in quality of life here. We're talking long term pain for modest gain at best.

I'm just hoping the world does cave, and new trade deals get done fast. Otherwise we're in for a long, hard slog. Trump's recent comment was about not just imposing tariffs, but making countries pay for the past. That doesn't fill me with optimism.
 
Boss move...

Donald J. Trump


@realDonaldTrump



Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!


6.92k

ReTruths
30.6k

Likes
Apr 07, 2025, 11:14 AM
 
IndySteel said:
Boss move...

Donald J. Trump
@realDonaldTrump



Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!


6.92k

ReTruths
30.6k

Likes
Apr 07, 2025, 11:14 AM
Click to expand...
20% of everything just got twice as expensive.
 
Confluence said:
So the strategy is:
Lets piss off everyone (enemies, friends, allies, trade partners) at once, let the dust settle and then re-do only what is in our best interests, when we choose.

Cuz, 'Murica!!!
Click to expand...
That is a very good, dumbed down explanation for even the dumbest liberal, leftist and non-Americans to understand.
 
oneforthebus said:
Again, I like the idea of bringing manufacturing back home. But I don't see a lot of Americans hankering for factory jobs. Maybe if they pay steep union wages and benefits but that's going to drive inflation through the roof. Do I like relying on Chinese slave labor? No. But we are not talking about short term pain for fabulous gains in quality of life here. We're talking long term pain for modest gain at best.

I'm just hoping the world does cave, and new trade deals get done fast. Otherwise we're in for a long, hard slog. Trump's recent comment was about not just imposing tariffs, but making countries pay for the past. That doesn't fill me with optimism.
Click to expand...
I’d like to see medication manufactured here in America. China provides roughly 90% (I think) of the medication Americans take. That’s not good. Just imagine if they said “Nah, we’re not doing that anymore at any price.” It would be a disaster. As far as the rest, millennials and Gen Z don’t strike me as the kind of people that would enjoy slogging in a factory 12 hours a day making transmissions, engines or car parts. Maybe if they could make TikTok videos about it.
 
Confluence said:
from Trump 47 this am:

“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,” he wrote on Truth Social just before 7 a.m.

Its good to see the S&P bounce after the opening sell off!

Given the historic moves lower in the stock markets Thursday and Friday -- three times before in US market history has there been two bad days like that consecutively -- it is notable that the Fed stepped in each of the other three times (1987, 2008 and 2020 Covid) by lowering rates to ease market fears. Looks like Trump will need to fire Powell this week.
Click to expand...
What you continue to try and do is compare the Stock Market to the economy. They are completely different pieces in the puzzle.
 
Sarge said:
I’d like to see medication manufactured here in America. China provides roughly 90% (I think) of the medication Americans take. That’s not good. Just imagine if they said “Nah, we’re not doing that anymore at any price.” It would be a disaster.
Click to expand...
This issue is actually a national defense problem, and NEVER should have been allowed to happen in the first place.
 
Sarge said:
I’d like to see medication manufactured here in America. China provides roughly 90% (I think) of the medication Americans take. That’s not good. Just imagine if they said “Nah, we’re not doing that anymore at any price.” It would be a disaster. As far as the rest, millennials and Gen Z don’t strike me as the kind of people that would enjoy slogging in a factory 12 hours a day making transmissions, engines or car parts. Maybe if they could make TikTok videos about it.
Click to expand...
I mentioned previously and perhaps in another thread that this began during Obamas administration, so really not that long ago.
It was a WTF moment for me when I picked up a bottle of losartan to dispense and saw this on this on the label.
 
ZonaBurgh said:
Year to date the Dow is down 10%, however it's also 10% higher than it was on this date 3 years ago.
Anyone selling now will only lose more money as the market resets.
Just ride it out and hope, and I think that they will, China blinks first.
Click to expand...

**** china... there should be 99% tariffs on that hellhole till they start treating human beings like human beings...

I just read a fairly encouraging item saying that almost all of the tariff displaced market is expected to relocate to the US, Canada, and primarily Mexico... this will create a job boom in mexico and severely reduce the amount of people needing to relocate to the US while still keeping prices reasonably down

For all the bitching Mexico and Canada have done about tariffs, they remain exempt on a metric **** ton of Industries that the rest of the world will not be...

It will really improve their economies...


As for this concern about raw materials the libs suddenly have... most of those we will still have access to in north america... we are resource heavy.. our one big flaw is rare earths just because it isnt economically reasonable to recover those in an environmentally sound way here... which is why Trump is ridiculously yapping about trying to annex Greenland and strong-arm the Ukraine... its a weak point that needs addressed.. especially for future endeavors.
 
You must log in or register to reply here.
Top