/biz/ - Business & Finance

[Anonymous No.8050767]

What does this mean? Is manufacturing finally coming back?

[Anonymous No.8050949]

Anyone? Or does /biz/ only talk about cryptoshit?

[Anonymous No.8050973]

>>8050767
It means huge price inflation.
I'm guessing in Keynesian economy it's a good thing.... which means US citizens are going to get royally fucked by increasing prices and declining wages.

[Anonymous No.8051003]

>>8050973
Price won't inflate, unless your company loves imported steel for some reason.

[Anonymous No.8051040]

>>8050767
It means the very moment VEN releases a their mainnet and working product to the public shit is gonna go super ballistic

[Anonymous No.8051051]

>>8051003

Everyone loves CHEAP steel.

Imported steel is cheap.

When are government functionaries gonna learn that trade wars don't fucking work.

[Anonymous No.8051169]

>>8051051
Now imported steel won't be cheap. If domestic steel keeps it's prices the same or increases production due to increased demand things won't turn negative, if anything they will get better. Disclosure have family that works in the domestic steel industry. That's what I hate about lobergs, no national loyalty. I have no problem with people getting super rich even obnoxiously slow, but you aren't gonna fuck over the country you sell your wares in.

[Anonymous No.8051187]

>>8050767
There's going to be a commodities black market opening up with a major route being China to the US via SE Asia. The OmiseGO meme exchange will be one of the main tools to support this. Buy OMG for 1,000x returns.

[Anonymous No.8051192]

someone post the chinese steel stories, thanks

[Anonymous No.8051256]

>>8051003
It reduces competition. What does reduced competition mean?
Duopoly, monopoly?
It is never good for a low price of anything.
And inflated steel price means inflated price on nearly anything manufactured in the US.
The only short term profit are possible raises in manufacturing jobs, but even these will be eaten by inflation.
Steel is used in everything.
I need to do some more reading on the proposed changes to fully grasp what's comming, but from the snapshots I'm seeing now it does not look good.
I may change my opinion when I have the time to look into this, but if it really is any form of a tariff I'm telling you, right now, in the short and long run it's not food for the economy as a whole but it will inflate GDP-> and it won't do a jack shit for an average citizen. It will just make books look better for a moment.

[Anonymous No.8051275]

The reason China became such a huge economic power is due to its economic growth by employing central planning to utilise its most valuable resource: cheap human labour.
This worked because for the past 30 years it was cheaper to outsource your labour productions overseas, as machinery was too capital intensive and cheap chinese labour was, well... cheap.
To understand the following, you first need to understand two key terms:
capital expenditure - cost of investment. As in acquiring machinery that is more effective and efficient than labour
operational expenditure - the cost of keeping your operations running. As in paying your employees.
Now I want to introduce you to 'on-shoring'. Due to continuous downward pressure of prices on new machinery brought about my innovation, standardization and improvements in infrastructure, you no longer have to take a huge capital loss to invest in new machinery. The profit margins between operational expenditure (hiring cheap chinks) and capital expenditure (buying machinery to do the job) are growing ever closer and are soon going to flip.
How does this apply to western industry? Well, the USA in particular has huge deposits of natural resources and an even larger demand for them. Transportation costs from China to the USA, legal and bureaucratic hurdles, political pressure and many other factors all contribute to culminate in the miracle of on-shoring.
Within our lifetime industry will be brought back to the west, with robots doing the heavy lifting. Countries like China, India and Bangladesh, where cheap human labour is in abundance, will have to adapt or die. If they do not exponentially buff their infrastructure, economy and education then they will simply die. Yes, that's right. Hundreds of millions of them will have no employment and no skills. It'll be a glorious age for the Occident.

[Anonymous No.8051291]

Pfffft... As if we have any manufacturing plants left here to use that steel.

[Anonymous No.8051298]

>>8050767
BTC will skyrocket

[Anonymous No.8051330]

it means your about to get raped on consumer good prices

[Anonymous No.8051347]

>>8050767
Same thing that happened when he did Solar.

People will bitch about for a few months, and then the pressure is really on American Steel and Aluminium to become more efficient...

Who this hurts is Americans who NEED steel and aluminium like NOW, RN.

Other than that it’s not the dumbest thing for someone trying to even out trade inequities

[Anonymous No.8051355]

The USA becomes a third world country

[Anonymous No.8051356]

>>8051275
Just to clarify, on-shoring WILL happen because capitalists would rather purchase cheap domestic goods than import from overseas. Transportation costs, laws, regulations, etc. all factor into this.
Think occams razor.

[Anonymous No.8051422]

a shit ton of chinese "steel" products are chromed, brittle, tainted garbage anyway. look up laws on what can be called stainless steel esp re imports. compare with your own experience

[Anonymous No.8051444]

>>8050767
Hey guise, does that mean we should buy MTL coin?

[Anonymous No.8051469]

>>8050973
it means price inflation in europe. chinese steel will flood into the eu even more. this will fuck up our economies. :'(

[Anonymous No.8051481]

dear sir does mean this my turtlecoin going to stay at 2 satochi for next 2 decade sirs

[Anonymous No.8051735]

inb4 china regs ban burgers from all exchamges and owning their (regulated, controlled) cryptos

[Anonymous No.8051755]

>>8051169

No. It'll still be cheaper than domestic steel because American steel is fucking expensive.

On top of that now you have retaliatory tariff on other products. If you're gonna prop up an industry, fine. Don't swoop in under the guise of the betterment of the country's financials when in every way it's a worse financial decision.

[Anonymous No.8051777]

>>8051275
But China is also heavily investing in automation (like that company that assembles iPhones) and gets a lot of know how from the West practically for free. Also transportation costs are super cheap by the sea. During age of sails it was cheaper for British in India to transport ice for their drinks from Europe by the sea than transport it from inland sources, it's even cheaper right now. Legal is the real hurdle.

Don't get me wrong, the things you describe will manifest, I'm just not sure they will be strong enough to overcome other changes.

[Anonymous No.8052242]

>>8051777

It's shit though. Their robots are as shit as everything else they make. They spent too long as scammers - they forgot that underneath all the bullshit you still needs some sort of REAL product.

Chinks BTFO. They came close, but are too busy with their retarded Party politics and nepotism to fucking take the place at the head of the table.

[Anonymous No.8052317]

CHINKS

[Anonymous No.8052364]

KEK
this has to be the stupidest thing a president has done.
Although i think mexico does the same thing to chinese steel.

[Anonymous No.8052421]

>>8052242
Their robots probably build your phone, this or next one...

Agree about the social problems, I heard stories about how western company had to train them to report problems to boss instead of covering it up. They care about "the face" and workers bringing up problem causes management to loose "face". Junior finding something wrong with seniors work? Unthinkable.

[Anonymous No.8052491]

>>8052364
It started way before, just look at situation in aluminium, where someone probably wants to bring a lot of it to US pretending it's not from China.
https://mic.com/articles/153805/aluminum-stock-pile-nafta-free-trade-china-china-zhongwang-holdings#.KFtrwRnB9

[Anonymous No.8052628]

>>8050973
No, this may have triggered the inevitable deflationary bust. Credit deflation the likes of which we have not seen for generations.

[Anonymous No.8053016]

>>8051469
<- you

[Anonymous No.8053037]

>>8050767
yeah manufacturing is coming back. it's just gonna be $300 for a toaster

[Anonymous No.8053065]

>>8050767
fucking good chinese make shitty steel.

[Anonymous No.8053078]

>>8052421
>Their robots probably build your phone, this or next one...
iphones are built at foxconn buy a bunch of underpaid chinks

[Anonymous No.8053110]

>>8051192
>Chinese are the Jews of the orient, never trust them
Cliff notes version. You're welcome.

[Anonymous No.8053123]

>>8053078
>underpaid
is there actually a price ceiling on labor there?

[Anonymous No.8053136]

>>8050767
buy VEN NOW

[Anonymous No.8053156]

Tariffs hurt us more than they help us imo

We cuck all the us companies that use steel (destroying jobs) to create different jobs

Breaking windows does not make society better

[Anonymous No.8053159]

>>8051275
>hundreds of millions will die
My penis can only get so erect.

[Anonymous No.8053200]

>>8053037
the only toaster you will ever need!

[Anonymous No.8053247]

>>8053078
soon
https://futurism.com/apple-manufacturer-foxconn-to-fully-replace-humans-with-robots/

[Anonymous No.8053301]

It means that industries relying on cheap Steel Will get cucked

[Anonymous No.8053302]

>>8052628
Give me a solid proof that reducing competition brought on deflation and I'll reconsider.
And I mean solid proof or tariffs (or other taxes) bringing on reduced prices or a proof of monopoly(duopoly etc) doing so.
It can even be a proof of government regulations bringing on deflation in the long term.
I'm asking without the malice, I would really like to understand your thinking here.

[Anonymous No.8053340]

>>8051040
...just off yourself the rebrand was a fail what do you expect from mainnet

[Anonymous No.8053360]

>>8053302

https://www.economicshelp.org/blog/glossary/tariffs/

[Anonymous No.8053365]

>>8051169

Smith and Ricardo must be turning on their graves..

[Anonymous No.8053423]

>>8051755
you are competing with state run enterprises that don't have profit and loss considerations and almost infinite funding, not even close to free trade

in addition China has stolen unknown trillions of intellectual property from the west

[Anonymous No.8053526]

>>8053360
Yeah.
I outlined for you my points from your example.
Since when higher prices for consumers = deflation?
Part 1

[Anonymous No.8053563]

>>8053360
Part 2
I really asked for an example. I was not trying to be mean, just to understand something that I might be missing.
You send me econ101 link and proof nothing

[Anonymous No.8053761]

Will this affect aluminium? I am about to start a small side business that imports a certain aluminium product.

[Anonymous No.8053798]

>>8053301
Like construction, car manufacturing and power ?

[Anonymous No.8053863]

>>8051422
i work as a longshoreman in LA/long beach and occasionally go to the terminals that unload gook metals. i've never been impressed with their steel but i'm not a scientist. i don't have to be to recognize poor quality though. a ching chong trade war would mean less ships and less work for me. if it's not the chinks then it's automation so i'm fucked either way.

[Anonymous No.8053918]

>>8050767
it means chinas manufacturing party is over. now they will get a little taste of what we have been going through the last 20+ years.

[Anonymous No.8054011]

Jetfuel can’t melt steel beams.

[Anonymous No.8054121]

>>8053761
Yep. Your pres don't care about small businesses. Only the big boys donating to him.

[Anonymous No.8054159]

>>8051777
I acknowledge that the Chinese would follow this trend, but I doubt that they would be able to implement it as efficiently as the west. First of all there would be the huge social and political upheaval that such changes would naturally cause, which the west has largely dealt with due to deindustrialisation and the rise of the service economy. Secondly, although I can't say for certain, I doubt China has the institutions or business culture in place to create anything, on a national scale, resembling what the west will in the coming decades. Thirdly, central planning is too frigid and I have a feeling that the Chinese political elite would maintain the status quo for as long as possible in order to maintain power, at the expense of their economic progress in the coming decades. To be sure, they have the potential to quickly pivot from existing circumstances and usher in a new age of innovation, but the challenges are simply too great in my opinion. One worrying trend is that while the complexity of economics has increased in the past few centuries the complexity of our minds has not increased in parallel. The free market will decide in the end, and it doesn't look too good for Mr. Chang.

[Anonymous No.8054200]

>>8050767
This means stock market goes downnnn.

[Anonymous No.8054231]

>What does this mean
It means a trade war with EU and China or nothing will happen. Bush tried this in 2002 and EU threated to retaliate which caused him to back down.

The fact that most powerful backers of both US parties means that either A. Trump pushes this through and loses his big backers while triggering a trade war with EU and China or B. Plan is dropped

Given how A. is a political and economical suicide even Trump with his pride on the line wont pick it. No fucking way

[Anonymous No.8054268]

>>8054231
Get ready to get BTFO anime nigger.

[Anonymous No.8054340]

>>8054268
Btfo by what? Either this spirals into both sides restricting and taxing imports or nothing will happen. We know that that is the general direction of things by having witnessed it countless times

[Anonymous No.8054397]

>>8054121
Fml man. It's tough to find aluminium products in the States because if a company is manufacturing them they slap their brand on it and sell it full MSRP. Tough to break into any business where the product needs to be manufactured.

[Anonymous No.8054517]

Will those import taxes apply to all countries? NAFTA probably won't be included if they would pass that law. Since Canada and Mexico are responsible for a big chunk of the steel the US imports.

[Anonymous No.8055103]

>>8054159
Sure I too acknowledge that there is huge cultural gap to be closed and hey also suffer from typical communist problem of skilled/rich people running away... But I cant't help but rememberer that less than a decade ago our media were publishing funny propaganda stories about how China is building empty cities for lulz. Now most of them are already inhabited, some with population over a million.There are also huge infrastructural investments all over China, big bridge here, huge damp there, super computer over there... these are all in world top10. China can't be like the West, but West also can't play the game like China can. The officially published plan for China for next couple decades is moving people to big cities from country side increasing life standards and refocusing part of its industry to service growing middle class. Knowing them there will be corner cutting, but there is a chance to actually succeed...

[Anonymous No.8055177]

It means the US steel industry will stop being competitive, prices of steel will rise, exports of steel will decline.

So basically bigger trade deficit.

[Anonymous No.8055212]

>>8055177
Also say bye to jobs that needs steel as a resource and is intended to be exported (typically to Europe mainly).

[Anonymous No.8055221]

>>8050767
My fucking ATI stock somehow dropped

[Anonymous No.8055229]

>>8054517
according to the press briefing today that haven't thought that through yet, kek.

[Anonymous No.8055230]

>>8055103
Wumao qian has been deposited into your SinaWeibo account. Keep up the good fight comrade.

[Anonymous No.8055347]

>>8050767
well if chinese make quality steel cheaper than americans, this means every manufacturer in the world that doesn't put such heavy tariffs on chinese steel will be able to produce products cheaper than american companies

i don't see how this helps anyone beside american steelmakers? it's a different thing to put heavy tariffs on a consumer-product, because people will actually resort to american-made stuff which can be good for the overall economy of the us, but how will a tariff like this not royally fuck over exporters that consume steel?

if trump believes the us steel industry has better potential than the chinese, just need room to grow, why not subsidize the industry instead until they prove themselves? seems a lot less invasive toward other industries

[Anonymous No.8055365]

>>8054517
Probably only china and russia. Maybe brazil.

[Anonymous No.8055405]

>>8050767
Noooo I get a lot of work from steel ships

[Anonymous No.8055411]

>>8055347
>Chinese
>quality steel
>quality
You don’t know much about the steel industry do you

[Anonymous No.8055418]

Hey look! Free markets! Loooool

[Anonymous No.8055455]

>>8051169
>If domestic steel keeps it's (sic) prices the same

it won't, it has no competition now, you brainlet

they're 100% correct to raise prices to the level where they have the same price as imported steel or only slightly cheaper

[Anonymous No.8055474]

>>8053423
>unironically believing in intellectual property

kek

[Anonymous No.8055536]

Trump wants to ramp up domestic steel production for WAR

[Anonymous No.8055571]

>>8051275
America just can't stop winning!

[Anonymous No.8055635]

Please tell me which country is going to fill the spot the US currently holds for consuming goods. Nobody ever talks about the fact that there is no one else for china to go sell their cheaply made shit to.

[Anonymous No.8055653]

>>8055536
this

[Anonymous No.8055698]

>>8055411
The American buyer doesn't care about quality. Have you walked into a Walmart in the last 20 years? I'll give you 1 ETH if you find something made in America.

[Anonymous No.8055763]

>>8053365
>16 century economists relevant in any shape and form
Ancap kiddies need to go

[Anonymous No.8055776]

>>8055635
This

[Anonymous No.8055787]

The entire EU combined doesn't consume as much as America, so please tell me where china is going to go?

[Anonymous No.8055805]

>>8055698
You mean those American organic wood "handmade with love" phone cases for Asian phones are not actually American? But... they were supposed to bring the jobs back!

[Anonymous No.8055836]

It means that we don't lose shit. Chinese steel is of wildly inconsistent grade and is fraudulently sold as being something other than what it is. Hitting it with a heavy tariff plays better than enforcing tighter regulations on steel quality domestically, but has some nasty repercussions internationally.

I don't like Trump, but the Chinese have only themselves to blame on this one.

[Anonymous No.8055865]

>>8055635
China domestic market in like 10 years from now if everything goes according to plan.

[Anonymous No.8056017]

>>8053247
>https://futurism.com/apple-manufacturer-foxconn-to-fully-replace-humans-with-robots/
>hopes to achieve 30% automation by 2020
saying something and doing something are two totally different things

[Anonymous No.8056018]

Most of the US steel industry is currently operating at about 75% capacity today.

In the short term, we'll see a spike in pricing beyond the $700-800/ton coil pricing we're seeing now. Most mills have already implemented pretty extreme efficiencies in processing to lower costs. Long term, we should see a spike in mothballed facilities/equipment in the US coming back online to cope with the additional demand with more jobs and higher wages.

As a side note, this might have a pretty large environmental impact just from rising scrap value for mini-mills and recycling. And if they do any sort of infrastructure package we'll be riding US Steel stock to the moon.

[Anonymous No.8056122]

>>8055474
found the china man who doesnt see value in ideas.

[Anonymous No.8056278]

>>8055698
Im not American so...

[Anonymous No.8056507]

>>8050767
why the fuck do we need more steel jobs when theres a shortage of highly skilled labor?

[Anonymous No.8056518]

>>8055230
Heh, if I only had such account.

Seriously thou, according to media the next big emerging economies are the BRICS countries. Brazil, Russia, India, China, South Africa. Now tell me, out of those, who do you think have the most chances to actually make it?

[Anonymous No.8056591]

>>8051051
>>8051169

This, it will only fuck over any domestic industry that uses steel and give us unskilled labor jobs we don't need.

it's like the Govt never took a basic international economics class

[Anonymous No.8056607]

>>8055455
>>8051755
hello brainlets

[Anonymous No.8056625]

>>8051469
Your biggest steel manufacturer Arcelormittal was sold to Pajeets years ago Europoor cuck.

[Anonymous No.8056665]

>>8055347
>if trump believes the us steel industry has better potential than the chinese, just need room to grow, why not subsidize the industry instead until they prove themselves?
US has had steel infrastructure for nearly 2 centuries. The reason it's leaving is since it's a labor intensive industry and we are abundant in capital NOT labor

[Anonymous No.8056677]

>>8053526
>>8053563

I was proving your point, numbskull. I'm not the poster.

Do you even pay attention to IDs?

[Anonymous No.8056709]

>>8056607
not an argument

lower competition from abroad guarantees higher prices

[Anonymous No.8056714]

>>8056518
>the media says
Anon, I ...

[Anonymous No.8056874]

>>8056714
Yeah, I know, was trying to add weight to my question, yeah that was silly.

But still who has bigger potential to move up a league? Certainly not Russia, Brazil is doubtful.

[Anonymous No.8056918]

>>8056709
which means lower profits from domestic firms that purchase steel as well as increase market efficiency overall

if US steel could produce more efficiently now, they would.

[Anonymous No.8056928]

fuck you, silly americans
china will simply devalue its currency even more to fuck up your export markets
you will become a western north korea
no more international trade for you
silly americans

[Anonymous No.8056959]

>>8056928
We'll see

[Anonymous No.8056998]

>>8056928
That reminds me, USA is owning China like what a trillion USD? If you own someone that much money its them who have a real problem, not you.

[Anonymous No.8057011]

which means lower profits from domestic firms that purchase steel as well as increase market inefficiency overall in the US market, if US steel could produce more efficiently (lower price) now, they would.

Not to mention China will likely raise tariffs on American services/goods in return

seriously anybody who has taken a simple international economics course knows this is dumb, especially for a shrinking industry like Steel.

[GoldShillAnon !!7ClGXzN9tDV No.8057021]

>>8056959
how can anyone still be on the trump train in current year

[Anonymous No.8057034]

>>8057011
meant for >>8056709

[Anonymous No.8057087]

>>8057011
Sometimes politicians make decisions for non-economical reasons.

[Anonymous No.8057101]

>>8056998
No, china holds billions in treasury bills, they can offload them onto the market at any time fucking up the US bond market and essentially turning the US into greece

[Anonymous No.8057135]

>>8053159
>hundreds of millions will die
hundreds of millions will flood Europe

[Anonymous No.8057162]

>>8057011
Yeah, because the chinese are buying billions of dollars worth of cheaply made goods manufactured in America.

[Anonymous No.8057261]

>>8057011
I'm sure they can just go sell their goods to another country right?
They have nowhere else to go. Nobody comes close to what America consumes.

[Anonymous No.8057316]

>>8055411
no i don't.
but if the quality of imported steel is too low manufacturers wouldn't use it. if the quality of steel american manufacturers need is so low american steel producers just can't make it, those tariffs are still going to have a bad impact on them.

>>8056665
so imported steel is cheaper due to foreign labor being cheaper.
i still believe an issue like this is better solved by subsidies (let steelmakers pay competitive wages, and let the state pay the workers the rest) than tariffs, as the former gives a much more transparent picture about how much keeping up the steel industry actually costs to the state, and the cost is much better distributed through society rather than just hitting a narrow area, like steel-consuming exporters.

it leads to a disorted market either way though. there are plenty of jobs americans will actually do that much better than foreigners that it's worth the higher wages. likely not enough to cover every (future) steel-worker, but still a lot of people would end up doing work that is actually more valuable than what the chinese can do, if the market was kept open.

more people will be trained to be good steel workers than a healthy economic model would dictate, which will surely have cost. either through a sudden impact when the tariffs are lifted, or a subtle cost the people actually doing more valuable work than foreigners have to pay to keep the steel-industry domestic.

[Anonymous No.8057337]

>>8051275
Cheep human labor from china is actually cheaper then keeping slaves would hypothetically in the west (and only slightly more ethical).
Its interesting to think of how much the west's adventure with china has cost us, not only have we made a near superpower out of a country subjugating its workforce and polluting and destroying its environment we have also caused technological stagnation.
Automation research has been put on the back-burner for sure due to access to this slave bug-man army and potential research offshoots such as AI and better prosthetic implants ect..
Like many of our "trade partners" like saudi and qutar the would would have been better off if we sanction these countries or just annexed them, China is the closest thing to an actual fascist state at this point. The west lost a long time ago due to moral cowardice.

[Anonymous No.8057345]

>what does this mean
It means that the US steel industries are going to massively spike their prices in the near future because their main source of competition just vanished.

>muh american made goods
>muh bringing the industry back
It's not going to happen in the meme perfect utopian way trump supporters delude themselves into beliving. The American steel companies have no more morals or scruples than the chinese ones, I wouldn't be surprised if you even saw a decrease in American steel quality from this now that they know they can get away with anything because everyone has to buy from them.

[Anonymous No.8057367]

>>8057345

Yeah, but if an American company says that their steel is at such and such grade it probably is. If a Chinese company says that then it probably isn't.

[GoldShillAnon !!7ClGXzN9tDV No.8057374]

>>8057162
how does the world look in black and white?

[Anonymous No.8057393]

>>8057367
but i mean steel isn't bought buy end consumers. if a chinese company lies about the quality of their steel, industrial consumers will not order steel from them anymore.

[Anonymous No.8057443]

>>8057367
>if a company says x its probably true because they are located in x nationality
Companies exist to create a profit, if you think they're any more reliable than a Chinese one in the end just look at the history and corruption cases over the past 20 years in heavy industry in the US and how substandard it generally is.

The brutal honest truth is that this tariff is nothing different than what Obongo did with the banks and auto industries in 2008. Trump is propping up companies that failed to adapt, failed to innovate and failed to deal with foreign competition even when said competition was of shit quality. One of the biggest ironies in this is that his supporters over on /pol/ in /ptg/ will probably keep badmouthing the former for his shitty bailout and then turn around and praise Trump for doing essentially the same thing, but under the disgusise of a tariff.

[Anonymous No.8057484]

>>8057393
The Chinese steal suppliers change name on a monthly basis, very few overseas buyers can tell what supplier is good or not.

[Anonymous No.8057489]

>>8057443
this. not being able to compete with cheap foreign labor is worse than repackaging and selling home mortgages.

[Anonymous No.8057494]

>>8050767
Paying "Made in America" prices without the "Made in America" jobs. Honestly, it's amazing. Everytime he talked about this his Campaign he was told it was a stupid idea. In your first year of an economics degree, you'll probably learn within the first week that protectionism / mercantilism is bad for the conomy.

Everytime he raised this idea, people said he was stupid but I don't think people thought he'd be dumb enough to actually do it and instead would just keep it as a campaign promise.

rip the tendies of all those who lost big yesterday.

[Anonymous No.8057505]

>>8057484
if it was so they just wouldn't buy from china. don't tell me there isn't a single reliable chinese steel producer that hasn't "changed names" for over a decade.

[Anonymous No.8057598]

>>8057393

>perfect information exists

Not in China bucko.

>>8057443

Go do business in China. We'll see if you come back thinking that Chinese and American companies operate by the same standards and principles.

[Anonymous No.8057622]

>>8057316
>more people will be trained to be good steel workers than a healthy economic model would dictate

Any country would pick to have skilled workers making 100$/h in services/design/etc over unskilled steal mill workers making way less. It's natural trend.

> But as Steve Jobs of Apple spoke, Obama interrupted with an inquiry of his own: What would it take to make iPhones in the United States? Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

> Why can't that work come home? Obama asked.

> Jobs' reply was unambiguous. "Those jobs aren't coming back," he said, according to another dinner guest.

[Anonymous No.8057678]

>>8057598
I'll freely admit that a good chunk of Chinese manufacturing is of terrible quality, but again, if you think that the entire steel industry in the US would not be on that level if the government wouldn't kick them for it, you are wrong.

[Anonymous No.8057711]

>>8057505
From what I've heard there is obviously reliable steel suppliers but the scammers always have a fresh supply of suckers and offer lower prices.

[Anonymous No.8057721]

>>8057678

Mate, businesses in China are run by Oligarchs with ties to the CPC and their immediate family. You do business with them because they are the only ones you can do business with if you're greedy enough to try and source your supplies that cheaply.

[Anonymous No.8057831]

>>8056918

> which means lower profits from domestic firms that purchase steel as well as increase market efficiency overall

DECREASE of market efficiency, because domestic firms that buy steel have fewer choices

[Anonymous No.8057838]

I hope you neets are ready to man those blast furnaces hehe

[Anonymous No.8057869]

>>8057162
>>8057261
so you're saying china is thinking with money while america isn't?

>>8057316
>i still believe an issue like this is better solved by subsidies
who pays for the subsidies? oh right the taxpayer

steel is a DECLINING industry not an EMERGENT industry.

[Anonymous No.8057897]

>>8055411
This.
Tradesman who works in a global manufacturing company.

We get our steel from American sources and occasionally Japan. And Japan just fucked us. It will be business as usual for me.

Fuck Kobe BTW.

[Anonymous No.8057904]

>>8057494
welcome to the republican America where coal and steel are the economic focus in 2018

[Anonymous No.8057926]

>>8057831
it was a typo, I fixed it here >>8057011

[Anonymous No.8057957]

>>8057831
Will it matter much? According to >>8054517 China is not even in top 10 sources.

[Anonymous No.8057960]

>>8050767
It means that America can finally start being self-reliant and secure. Russia can hack our information technology, but they can't hack our steel

[Anonymous No.8057968]

>>8050767
>>>162402928 Trump knows world war is about to break out and is trying to get America set to build weapons again.

[Anonymous No.8058073]

>>8052364
This is what happens when you elect a fucking meme. The man is completely retarded and barely manages to even be a conservative ("take the guns away without due process!!") despite watching fox news most of his day.

[Anonymous No.8058116]

>>8058073
>Trump complains about the deficit his entire campaign
>manages to increase it 33% his first year wheile the economy is doing great
bravo

[Anonymous No.8058119]

>>8051169
brainlet detected

have fun into your country turning into a third world shithole like venezuela because you FAGGOTS have these meaningless vendettas against everyone because some rich spraytanned fuck told you it was the right thing to do

hahahahahaha

[Anonymous No.8058146]

>>8058119
the worst part is that there's actually a shortage of labor in the US, no idea where this cheeto got his business degree.

[Anonymous No.8058148]

>>8058073
>not knowing Rupert Murdoch is a left leaning gun grabber

[Anonymous No.8058199]

>>8058146
is cheeto supposed to be pejorative? everyone loves cheetos, they're delicious.

[Anonymous No.8058228]

>>8058199
they might be delicious but they are not something you'd ask to run a country

[Anonymous No.8058231]

>>8058119
American here. this is accurate.

[Anonymous No.8058553]

>>8050767

As a manufacturing engineer I have to say that the good old "made in America" quality manufacturing isn't coming back. Why? Because "American made" has been dilluted by all the dipshit boomers failing to adapt their businesses. Who wants to pay double for something that is just as shitty as it's Chinese competitor but with an American flag sticker slapped on it. At my last job we were just pumping out garbage after garbage. Why? Because the plant manager was some old boomer dipshit who wouldn't think more than 1 week into the fucking future and then try to make up for the dumpster fire by doing stupid shit like firing solid guys on the shop floor.

Fuck em. They did it to themselves.

[Anonymous No.8058788]

>>8058553
>Because the plant manager was some old boomer dipshit who wouldn't think more than 1 week into the fucking future and then try to make up for the dumpster fire by doing stupid shit like firing solid guys on the shop floor.

Thats what you get when you promote the dude who kept hitting those monthly targets, but no one ever checked for quality.

He was tought to compete with the japanese he had to think like the japanese. But his version of the Japanese is a world war 2 propaganda poster.

Its all come full circle.

[Anonymous No.8058971]

>>8058788
>Thats what you get when you promote the dude who kept hitting those monthly targets, but no one ever checked for quality.
I live in that reality. It's ridiculously discouraging.

[Anonymous No.8059072]

>>8050767
It's about fucking time we got in a trade war with China. It had to happen at some point. Better now than later when they've developed even more.

[Anonymous No.8059107]

>>8058788

It's ironic too because one of our guys(deming) taught a lot of what Japan used to become such a manufacturing power house of quality. Our colleges are even teaching us their methods but like you said all the managers and executives are where they are because they sucked enough dick or made an irrelevant number look good. The Peter principal is fucking real and it's dragging us all down.