Archived material Access restricted Article

Today's Front Page   View All of Thu 03/08/2018 View Wed 03/07/2018 View Tue 03/06/2018 View Mon 03/05/2018 View Sun 03/04/2018 View Sat 03/03/2018 View Fri 03/02/2018
2018-03-08 Economy
500 Granite City, IL U.S. Steel employees to get call back notice
Archived material is restricted to Rantburg regulars and members. If you need access email with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Besoeker 2018-03-08 00:00|| E-Mail|| Front Page|| [651 views ]  Top

#1 Good news for some, not so good news for others.

Posted by European Conservative 2018-03-08 00:10||   2018-03-08 00:10|| Front Page Top

#2 We've been in a bloody 'trade war' since Dick Nixon left office, possibly before. The problem is we're losing the fok'in war.

Take a trek around your local Bauhaus (home improvement center) and tell much how much non-German, non-Swiss, non-Austrian merchandise you come across. Make a point to try and find as many Chinese, Paki, and Indian made items as possible.

Hat tip to the Germans, at least they know how to protect their working man.

Posted by Besoeker 2018-03-08 02:13||   2018-03-08 02:13|| Front Page Top

#3 Oh by the way, next time you need a replacement part for your Mercedes, Porche, or BMW, just drop by your local O'Reilly's or NAPA store. I'm sure they'll have it readily at hand, and at a very competitive price.

[sarc off]
Posted by Besoeker 2018-03-08 02:43||   2018-03-08 02:43|| Front Page Top

#4 We still have a lot of medium-sized companies that produce quality products. Apprenticeship system is first class. This helps a lot. Youth unemployment is very low.

The U.S. has given up far too much production. The service sector is doing much better.

Actually the German trade surplus is above all to do with machinery and plants which America buy in order to rebuild its economy. The trade surplus is reversed in the services sector, where the Americans have a significant surplus over Germany.

We are not the right target to attack.

Posted by European Conservative 2018-03-08 03:57||   2018-03-08 03:57|| Front Page Top

#5 We are not the right target to attack.
Posted by European Conservative

Target? Debatable, and beyond my knowledge of economics. Model to emulate? Without question.
Posted by Besoeker 2018-03-08 03:59||   2018-03-08 03:59|| Front Page Top

#6 Not going to hop around celebrating for any unionista....
Posted by M. Murcek 2018-03-08 09:11||   2018-03-08 09:11|| Front Page Top

#7 No hoping here either. Unions were never part of the solution.
Posted by Besoeker 2018-03-08 10:07||   2018-03-08 10:07|| Front Page Top

#8 Good news for some, not so good news for others.

It takes time - if you want everything right now, you get nothing (you also, IMO, deserve nothing).
Posted by g(r)omgoru 2018-03-08 10:20||   2018-03-08 10:20|| Front Page Top

#9 500 recalled jobs and a 1.4 millions tons of new steel vs Concerns = Winning!!

This is an example (of many) why import duties must be increased and NAFTA blown to bits:
Chinese billionaire 'hid $2bn aluminium pile in Mexican desert and then sold it across the border to America to avoid costly tariffs', claim US rivals
Posted by Phineque Grumble2226 2018-03-08 12:17||   2018-03-08 12:17|| Front Page Top

#10 And those 500 jobs will turn into 2000 when suppliers like coal and ore mining hire to supply the mill and business picks up to supply the new workers from everything from housing to entertainment.
Posted by Phineque Grumble2226 2018-03-08 12:20||   2018-03-08 12:20|| Front Page Top

#11 The dumping of cheap aluminum on the U.S. market has decimated domestic production with only five aluminum smelters left in the U.S. down from 23 in 2000.
Posted by Phineque Grumble2226 2018-03-08 12:23||   2018-03-08 12:23|| Front Page Top

#12 We are not the right target to attack.

The "right" targets, top 5:
China - $636 billion traded with a $375 billion deficit.
Mexico - $557 billion traded with a $71 billion deficit.
Japan - $204 billion traded with a $69 billion deficit.
Germany - $171 billion traded with a $65 billion deficit.
Canada - $582 billion traded with an $18 billion deficit.

The trade surplus is reversed in the services sector, where the Americans have a significant surplus over Germany.

Even that has flipped.
US-Germany Services trade:
. . . . . . . . . . . . . . . . . . . 2014 .. 2015 .. 2016
Exports of services . . 28,217 29,983 31,638
Imports of services . . 32,456 31,777 33,395

What cannot continue, will not continue.
Posted by Phineque Grumble2226 2018-03-08 12:55||   2018-03-08 12:55|| Front Page Top

#13 Europe has had it far too good for far too long and now takes it for granted that they will profit handsomely by screwing over American workers. That time is at an end. Time to move out of your parent's basement, Europe, and find your own way in the world.

Don't worry, nobody is saying you need to stop saying sneering, vile, hateful things about America. You'll never have to stop looking down on us. This is just business.
Posted by  Herb McCoy7309 2018-03-08 13:52||   2018-03-08 13:52|| Front Page Top

#14 @#3; Please don't put O'Reilly's and NAPA in the same category; at one you get cut rate pars, at NAPA you can actually get answers on how to fix your Rollskinardly sedan, plus the part to do so.
Posted by USN, Ret. 2018-03-08 18:13||   2018-03-08 18:13|| Front Page Top

#15 My apologies USN Ret. NAPA is my personal choice as well. The Newly expanded NAPA in Butler, GA is quite unique and a frequent visit.

No visible sign on the outside, only NAPA Parts.
Posted by Besoeker 2018-03-08 18:34||   2018-03-08 18:34|| Front Page Top

#16 #12

I don't get it. What's "unfair" about a trade surplus per se? Please explain how Germany uses unfair practices in order to achieve that?

Germany has always had a trade surplus, even when the Deutsche Mark was strongest. Germany never competed with prices, but with quality.

Other countries with a “security relationship” to the United States may seek exemptions by opening talks with the administration on “alternative ways” to address the threats the administration alleges their products pose to national security.
“Our industries have been targeted for years and years, decades in fact, by unfair foreign trade practices leading to the shuttered plants and mills, the laying off of millions of workers, and the decimation of entire communities. And that’s going to stop. It’s going to stop.”

Well, you may accuse China of doing that with a state-sponsored steel industry. But please tell me what the German steel industry did?

I'm sorry to say that but you currently have a president who may know about real estate and running TV shows, but who doesn't have a clue about global economy issues.

And we will all pay for it. That includes the U.S.

My company trades with the U.S. We export a lot, but we also import from the U.S. Neither side has ever felt ripped off.

The current tariffs won't affect us but who knows what will happen next.
Posted by European Conservative 2018-03-08 19:14||   2018-03-08 19:14|| Front Page Top

#17 Let's taker a recent item in the news. The German Air Force's readiness is a joke. In addition, the Tornadoes (that also handle the nuke delivery role) are clapped out and will need to retire. The German Air Force staff very much want a modern attack fighter that can penetrate Russian air defenses and is nuclear capable.

The F-35 fits the requirement perfectly, is the most capable fighter in the world and is also the cheapest at about $90M each flyaway. The German government has said under no circumstances (including firing the chief of the German Air Force) that the F-35 will be selected to replace the Tornado. The Germans will instead want more obsolete Eurofighters at $120M+ each made in Germany that cannot fulfill the mission requirements and then collaborate with the French so in 20 years you may have a fighter that approaches the F-35 capabilities today.

Well, Germany doesn't didn't compete on price that is for sure. They also didn't compete on quality, capability, delivery, or solidarity with the rest of NATO. Thanks for nothing.
Posted by Herb Platypus5804 2018-03-08 21:34||   2018-03-08 21:34|| Front Page Top

#18 I'm pleased to inform you that nothing has been decided yet and the F-35 is still very much in play.
Posted by European Conservative 2018-03-08 21:52||   2018-03-08 21:52|| Front Page Top

#19 Germany's nuclear participation is currently ensured by the Tornado squadron in Büchel. In addition, the Bundeswehr has undertaken to provide NATO with interference aircraft such as the Tornado ECR. In the USA, the EA-18G Growler is available for this purpose. In general, there is also the question of how long the tornadoes can be used in a meaningful way. While the manufacturer still sees plenty of flight time reserves and upgrade possibilities, the Air Force believes that the risks and costs of Tornado flight operations towards the end of the next decade will be "unpredictable and unacceptable". In order to ensure a smooth transition, it is therefore necessary to introduce a successor from 2025 and not ten years later.
Posted by European Conservative 2018-03-08 21:59||   2018-03-08 21:59|| Front Page Top

#20 Formally speaking, the F-35 is only one of the aircraft currently being investigated by the Ministry of Defence as a possible purchase solution for replacing the tornadoes. Berlin currently wants to get an overview of available samples. In this context, Germany received a detailed briefing on the F-35, but also information on the F-15 Eagle and the F/A-18E/F Super Hornet as well as on further developments of the Eurofighter. The U.S. Department of Defense is expected to respond to an official request for pricing and availability by March.
Posted by European Conservative 2018-03-08 22:04||   2018-03-08 22:04|| Front Page Top

#21 European Conservative #4.

No one is attacking Europeans on these trade sanctions. These tariffs are a defensive measure to protect the American industrial base. Your problems are not a consideration. Defense verses offense -- learn the difference.

European Conservative #18.

Y'all don't deserve the F-35. Buy Gripens from Sweden or your own silly eurofighter plane. Your military cannot keep them maintained anyway. Providing F-35s is like giving linux boxes to teenagers (c.f. They will never work for you.

European Conservative #16.

Trump's tariffs are a real thing. Cope with it. Diffuse the issue. Trust me when I tell you that no one in America cares about your European trade surplus problems. The more the issue is highlighted, the more Americans are going to be unhappy about the current trade imbalances. This is how you got Trump. Bitching about it is how you get more Trump.
Posted by rammer 2018-03-08 23:11||   2018-03-08 23:11|| Front Page Top

23:11 rammer
22:38 Zenobia Floger6220
22:04 European Conservative
22:01 Blackbeard Bumble5724
21:59 European Conservative
21:52 European Conservative
21:34 Herb Platypus5804
21:11 Jack Salami
21:05 swksvolFF
20:47 swksvolFF
20:17 Anguper Angearong6845
19:47 Bright Pebbles
19:28 Besoeker
19:19 SteveS
19:14 European Conservative
18:51 DarthVader
18:51 DonM
18:34 Besoeker
18:31 Anomalous Sources
18:29 Anomalous Sources
18:27 Regular joe
18:25 JohnQC
18:19 USN, Ret.
18:13 USN, Ret.

Rantburg was assembled from recycled algorithms in the United States of America. No trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.


Search WWW Search