Happy with tariffs': Steel industry emerges as trade war winner - GoFuckYourself.com

8pt-buck · 07-30-2018, 03:47 AM

Quote:

JPMorgan CEO: A trade war could reverse economic growth

Blockbuster profits: The trade war has cast a shadow over parts of Corporate America, but it is bringing a bit of good fortune to the steel industry.

President Donald Trump's metal tariffs have sent steel prices surging and sparked blockbuster profits for steel manufacturers.

Reliance Steel & Aluminum (RS) hauled in record sales, thanks to an 18% spike in prices. Nucor (NUE) recorded the best second quarter in its history. Its profit more than doubled.

"All in all, we're very happy with tariffs," Nucor CEO John Ferriola told analysts earlier this month.

https://money.cnn.com/2018/07/29/inv...ade/index.html

Bladewire · 07-30-2018, 03:51 AM

As history has shown us and as we see now the consumer and small business always lose during a trade war and skyrocketing commodities price increases.

But OP is an alt-right hate fake nic who doesn't care about Americans suffering he's looking for wins for the multibillion-dollar corporations that control the Commodities Market. Fucking idiot

pimpmaster9000 · 07-30-2018, 04:15 AM

oh great prices going up! win for everybody

trump supporters are a special kind of stupid..."prices went up hoooooray!" kind of stupid

8pt-buck · 07-30-2018, 04:17 AM

Quote:

Originally Posted by Bladewire

As history has shown us and as we see now the consumer and small business always lose during a trade war and skyrocketing commodities price increases.

But OP is an alt-right hate fake nic who doesn't care about Americans suffering he's looking for wins for the multibillion-dollar corporations that control the Commodities Market. Fucking idiot

Some win as others suffer during this process. That's the way it's always been. 100% growth across the board is never possible in the beginning stages.
Of course Democrats have no patience unless it's the Democrats constructing the deal.

Time is 7:15am on the East Coast / 4:15am in California where Tommy Girl / Bladewire claims to live. Tom, you do not live in California. You're a early East Coast riser.
You need to pay attention to your time zone times if you're going to continue to lie of your location.

4:15am trolling and bumping his own threads to the top of the forum list.

The truth concerning Bladewire is beginning to surface :

Quote:

Originally Posted by american pervert

lol. you are too easy.

why don't you go to next webmaster show in hollywood, if you are a REAL person. I'll go and we can have a beer. People actually know me, no one I know in the biz has met you in real life.

Bladewire · 07-30-2018, 04:40 AM

Quote:

Originally Posted by crucifissio

oh great prices going up! win for everybody

trump supporters are a special kind of stupid..."prices went up hoooooray!" kind of stupid

Yeah OP is a complete moron, then again he acts like an Impala is a BMW so....

Only Trump supporters are happy all of us are paying more for anything steel & aluminum.

Gas prices are up 34% this year, I can see Trump supporters now.. "Oil companies winners happy with Trump!" Fucking idiots.

crockett · 07-30-2018, 06:00 AM

Quote:

Originally Posted by 8pt-buck

https://money.cnn.com/2018/07/29/inv...ade/index.html

So save about 300 jobs and kill 300,000

crockett · 07-30-2018, 06:20 AM

Seems you are misleading.. kinda like how you keep hiding from my questions about your 16 years programming experience as well as 14 years of military service as a 41 year old..

https://www.cbsnews.com/news/u-s-fir...face-backlash/

Robert Miller, president and CEO of NLMK USA, said objections raised by U.S. Steel and Nucor to his bid for a waiver are "literal untruths." He said his company, which imports huge slabs of steel from Russia, has already paid $80 million in duties and will be forced out of business if it isn't excused from the 25 percent tariff. U.S. Steel and Nucor are two of the country's largest steel producers.

"They ought to be ashamed of themselves," said Miller, who employs more than 1,100 people at mills in Pennsylvania and Indiana.

directfiesta · 07-30-2018, 07:14 AM

Funny how repubs are for tax breaks, but do not realize that tariffs are taxes that they pay ...

Who do you think collect those tariffs ...

BaldBastard · 07-30-2018, 07:37 AM

Quote:

Originally Posted by 8pt-buck

https://money.cnn.com/2018/07/29/inv...ade/index.html

When you read into that there's a fucking huge hole, Price of steel has gone up 50%. Companies have not kept prices the same, they've raised them 50% so even with 20% tariff the guy in China is still making 30% more than last year, the American companies have kept pace.

So all it means is the consumer is paying.. 30% more.

The tariff charge goes back to the government.. so effectively YOUR TAXES JUST GOT RAISED.

crockett · 07-30-2018, 08:11 AM

Quote:

Originally Posted by directfiesta

Funny how repubs are for tax breaks, but do not realize that tariffs are taxes that they pay ...

Who do you think collect those tariffs ...

More importantly, who do you think pays for them...

beerptrol · 07-30-2018, 08:18 AM

OP is a proud graduate of Trump University School of Economics taught by Rudy Giuliani

8pt-buck · 07-30-2018, 08:27 AM

Quote:

Originally Posted by crockett

So save about 300 jobs and kill 300,000

A lot more than 300 and a lot less than 300k.

Most of the % jobs lost will be in trade and distribution. We are in a trade war, what did you expect to happen.
Our Iron, steel, non-ferrous metals are currently thriving when prior to Trumps tariffs, they were hugely suffering.
Our farmers trade loss is being taken care of.

The days of freeloading off of the United States is over.
US economy draining illegals / DACA are slowly but surely being deported.
Make America Great Again.

BaldBastard · 07-30-2018, 08:40 AM

Quote:

Originally Posted by 8pt-buck

A lot more than 300 and a lot less than 300k.

Most of the % jobs lost will be in trade and distribution. We are in a trade war, what did you expect to happen.
Our Iron, steel, non-ferrous metals are currently thriving when prior to Trumps tariffs, they were hugely suffering.
Our farmers trade loss is being taken care of.

The days of freeloading off of the United States is over.
US economy draining illegals / DACA are slowly but surely being deported.
Make America Great Again.

You realise you only MAKE money via exports?

Which country is your biggest and fastest growing export market again?

8pt-buck · 07-30-2018, 09:07 AM

Quote:

Originally Posted by MrBaldBastard

You realise you only MAKE money via exports?

Which country is your biggest and fastest growing export market again?

Food / beverage and feed which is a $22 billion dollar export / $12 billion is strictly soy.
It would be a lot more than $22 billion as for why we are in a trade war.
Keep in mind, not every dollar of the the 22 billion is lost. On top of that, Trump has already financed our farmers with $12 billion out of the all around 22 billion - more on the way.

In the mean time, China's pork producers can continue using cotton seeds and bone powder, instead of the our soybean.

It's a numbers game. It's a business standpoint game. China will give in or that will be the end of China. Li know's that too as for why he's trying to conduct business with Germany and Brazil.
China, as usual is flipping around their numbers. Soon enough the world will see the impact on Beijing.

dyna mo · 07-30-2018, 09:14 AM

Quote:

Originally Posted by MrBaldBastard

You realise you only MAKE money via exports?

Which country is your biggest and fastest growing export market again?

are you really trying to claim [my] American business doesn't make money selling to Americans? Because my bank account thinks otherwise.

Bladewire · 07-30-2018, 09:53 AM

Quote:

Originally Posted by 8pt-buck

The days of freeloading off of the United States is over.

Fake news!

Everyone knows you can't survive without your disability payments

BaldBastard · 07-30-2018, 10:54 AM

Quote:

Originally Posted by 8pt-buck

Food / beverage and feed which is a $22 billion dollar export / $12 billion is strictly soy.
It would be a lot more than $22 billion as for why we are in a trade war.
Keep in mind, not every dollar of the the 22 billion is lost. On top of that, Trump has already financed our farmers with $12 billion out of the all around 22 billion - more on the way.

In the mean time, China's pork producers can continue using cotton seeds and bone powder, instead of the our soybean.

It's a numbers game. It's a business standpoint game. China will give in or that will be the end of China. Li know's that too as for why he's trying to conduct business with Germany and Brazil.
China, as usual is flipping around their numbers. Soon enough the world will see the impact on Beijing.

China will back down first but not for the reasons you state.

Trade war started by Trump is totally up to which leader want's to fuck over their population the most, and that's why Trump will win, but its very fucking short term win that ass fucks America for eternity.

Your next 30 year economic future depends on how much of your product the Chinese people want to buy.. same with most countries. Simply based on big numbers at sometime in the near future you will export more than you buy from China, how much of it they buy totally depends on the Chinese consumer. Screw China by the nuts now.. and forever pay the price. Trump is TRASHING brand USA internationally.

btw: Trump's not financing farmers... TAXPAYERS ARE, and the tariffs collected by your Government.. IS ANOTHER TAX that YOU pay

BaldBastard · 07-30-2018, 11:00 AM

Quote:

Originally Posted by dyna mo

are you really trying to claim [my] American business doesn't make money selling to Americans? Because my bank account thinks otherwise.

It doesn't make "Amercika" money, its just an internal paper shuffle, money is made from taking wealth from one country and bringing it to your own... Exports

dyna mo · 07-30-2018, 11:03 AM

Quote:

Originally Posted by MrBaldBastard

It doesn't make "Amercika" money, its just an internal paper shuffle, money is made from taking wealth from one country and bringing it to your own... Exports

you should do stand-up with onwebcam!

baddog · 07-30-2018, 11:42 AM

Quote:

Originally Posted by MrBaldBastard

It doesn't make "Amercika" money, its just an internal paper shuffle, money is made from taking wealth from one country and bringing it to your own... Exports

Okay then

Bladewire · 07-30-2018, 12:02 PM

Quote:

Originally Posted by baddog

Okay then

Nothing intelligent to offer. He only posts hate & sarcasm.

xClips Jim · 07-30-2018, 12:24 PM

Quote:

Originally Posted by dyna mo

you should do stand-up with onwebcam!

Yeah, that one was right up there with thommy...

8pt-buck · 07-30-2018, 03:08 PM

Quote:

Originally Posted by MrBaldBastard

China will back down first but not for the reasons you state.

I agree - Li / China will back down - Trump already knows this.

Quote:

Originally Posted by MrBaldBastard

Trade war started by Trump is totally up to which leader want's to fuck over their population the most, and that's why Trump will win, but its very fucking short term win that ass fucks America for eternity.

I disagree to a certain extent. You've seen the trade %. It is insane. The world has been milking the cow - including NATO for way to long.
Trump is a business man. His actions today will be extremely difficult to reverse in the future.

Quote:

Originally Posted by MrBaldBastard

Your next 30 year economic future depends on how much of your product the Chinese people want to buy.. same with most countries. Simply based on big numbers at sometime in the near future you will export more than you buy from China, how much of it they buy totally depends on the Chinese consumer. Screw China by the nuts now.. and forever pay the price. Trump is TRASHING brand USA internationally.

He may be 'trashing it' on the political level - US goods and services will always be in international high demand.
Lets not fool each other. You know as well as the world knows, China produces massive slave labor quantity over quality - That's why mostly all of the World businesses rely on China to produce their goods. Trump too. Low cost per / High margin - It's smart business.

Quote:

Originally Posted by MrBaldBastard

btw: Trump's not financing farmers... TAXPAYERS ARE, and the tariffs collected by your Government.. IS ANOTHER TAX that YOU pay

Sorry, allow me to rephrase. Trumps APPROVAL is financing our US farmers.

Putting a end to financially supporting 3rd world countries infastructures where we have no business being involved in to begin with will greatly benefit ALL aspects of the United States infrastructure.

07-30-2018, 04:15 AM	#3
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	oh great prices going up! win for everybody trump supporters are a special kind of stupid..."prices went up hoooooray!" kind of stupid __________________ Report a suspicious cracker: Click Here

07-30-2018, 06:20 AM	#7
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Seems you are misleading.. kinda like how you keep hiding from my questions about your 16 years programming experience as well as 14 years of military service as a 41 year old.. https://www.cbsnews.com/news/u-s-fir...face-backlash/ Robert Miller, president and CEO of NLMK USA, said objections raised by U.S. Steel and Nucor to his bid for a waiver are "literal untruths." He said his company, which imports huge slabs of steel from Russia, has already paid $80 million in duties and will be forced out of business if it isn't excused from the 25 percent tariff. U.S. Steel and Nucor are two of the country's largest steel producers. "They ought to be ashamed of themselves," said Miller, who employs more than 1,100 people at mills in Pennsylvania and Indiana. __________________ In November, you can vote for America's next president or its first dictator.

07-30-2018, 08:18 AM	#11
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	OP is a proud graduate of Trump University School of Economics taught by Rudy Giuliani __________________ “If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.” -- Ulysses S. Grant

07-30-2018, 03:51 AM	#2
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,229	As history has shown us and as we see now the consumer and small business always lose during a trade war and skyrocketing commodities price increases. But OP is an alt-right hate fake nic who doesn't care about Americans suffering he's looking for wins for the multibillion-dollar corporations that control the Commodities Market. Fucking idiot

07-30-2018, 07:14 AM	#8
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,654	Funny how repubs are for tax breaks, but do not realize that tariffs are taxes that they pay ... Who do you think collect those tariffs ...