Trump shaken, not stirred

[Yssup Rider]

LOLLING!

As I recall, Nixon was sucking up to Chynah in the 70s.


How did we let those bastards get away with it????

[lustylad]

Here are some interesting facts for yinz, pertaining to a single product - steel.

Since 1980, China's crude steel production has soared as follows, in million of metric tons:

1980 - 37.1
1990 - 66.4
2000 - 128.5
2010 - 626.7
2020 - 1,064.8


Here's what US crude steel output has done over the same timeframe:

1980 - 101.4
1990 - 89.7
2000 - 101.8
2010 - 80.6
2020 - 72.7

Last year (2024), China accounted for a whopping 53% of global output of crude steel. For every ton produced here in the good old USA, China churned out 12.6 tons. If you think all of that state-mandated over-production isn't being dumped world-wide, severely depressing industry prices and profits everywhere, then I have a dozen bridges here in Pittsburgh that I want to sell you!

And this is just ONE PRODUCT, albeit a critical one from a national security standpoint.

Hmmm... does anyone still want to argue tariffs and protectionism should play no role in our trade policies?


https://en.wikipedia.org/wiki/List_o...eel_production

[Tiny]

Originally Posted by lustylad

Here are some interesting facts for yinz, pertaining to a single product - steel.

Since 1980, China's crude steel production has soared as follows, in million of metric tons:

1980 - 37.1
1990 - 66.4
2000 - 128.5
2010 - 626.7
2020 - 1,064.8


Here's what US crude steel output has done over the same timeframe:

1980 - 101.4
1990 - 89.7
2000 - 101.8
2010 - 80.6
2020 - 72.7

Last year (2024), China accounted for a whopping 53% of global output of crude steel. For every ton produced here in the good old USA, China churned out 12.6 tons. If you think all of that state-mandated over-production isn't being dumped world-wide, severely depressing industry prices and profits everywhere, then I have a dozen bridges here in Pittsburgh that I want to sell you!

And this is just ONE PRODUCT, albeit a critical one from a national security standpoint.

Hmmm... does anyone still want to argue tariffs and protectionism should play no role in our trade policies?


https://en.wikipedia.org/wiki/List_o...eel_production

Hey LustyLad,

Here's consumption of finished steel from World Steel Association data, in million metric tons

China,

1980 - 37
1990 - 108
2000 - 124
2010 - 588
2020 - 937

USA,

1980 - 86
1990 - 120
2000 - 120
2010 - 80
2020 - 81

Recall that China flushed tons of money down the drain overbuilding real estate, and that requires lots of steel. The USA has migrated to more of a services and tech oriented economy that doesn't require as much steel as it once did.

Here's where U.S. steel comes from,

USA 77%
Canada 6%
Brazil 4%
Mexico 3%
South Korea 2%
Vietnam 1%
Rest of the world 7%

Those countries are mostly friendly, and if supplies from one are shut off, the others will take up the slack. I wouldn't worry about steel.

What's a travesty is U.S. dependence on imports from China of rare earth elements, products made from rare earths, and certain pharmaceuticals. I'd never argue that tariffs and protectionism (and even government subsidies) for those products shouldn't play a role in U.S. policy.

[VitaMan]

Originally Posted by farmstud60

The problem is you know nothing about markets, much of the info is behind pay walls on sites, you believe every lie that is spoon fed you, and you don't question anything that Democrats tell you.

Again you provide nothing useful to the discussion. Here is what you have posted:


Trump did not create the problem

Nope, you really don't have a clue what was going on since you only listen to Marxist Democrat news sources.

There has always been a tariff war going on, I don't know that there ever was time there wasn't one.

Most countries replaced true tariff wars with other types of bans based on things based on safety etc.

Most of this never gets covered by major news sourcess as they don't think it effects most people or they don't understand the situation and are too lazy to research facts


I don't have time search and access all that crap from the last 30 years

WRONG, you don't have a freaking clue about the soybean market. You just believe the lies of Democrats

The problem is you know nothing about markets, much of the info is behind pay walls on sites, you believe every lie that is spoon fed you, and you don't question anything that Democrats tell you.

[lustylad]

Originally Posted by Tiny

Hey LustyLad,

Here's consumption of finished steel from World Steel Association data, in million metric tons

China,

1980 - 37
1990 - 108
2000 - 124
2010 - 588
2020 - 937

USA,

1980 - 86
1990 - 120
2000 - 120
2010 - 80
2020 - 81

Recall that China flushed tons of money down the drain overbuilding real estate, and that requires lots of steel. The USA has migrated to more of a services and tech oriented economy that doesn't require as much steel as it once did.

Here's where U.S. steel comes from,

USA 77%
Canada 6%
Brazil 4%
Mexico 3%
South Korea 2%
Vietnam 1%
Rest of the world 7%

Those countries are mostly friendly, and if supplies from one are shut off, the others will take up the slack. I wouldn't worry about steel.

What's a travesty is U.S. dependence on imports from China of rare earth elements, products made from rare earths, and certain pharmaceuticals. I'd never argue that tariffs and protectionism (and even government subsidies) for those products shouldn't play a role in U.S. policy.

Thanks, Tiny. Great stats! You should be a steel industry analyst at Standard & Poors. Either steel or energy.

What jumps out at me is the huge volume of China's over-production (output less demand) - 128 million tons in 2020 alone. That means their EXCESS was 76% more than our ENTIRE US INDUSTRY OUTPUT for the year! Holy Bessemer! What happens to all that surplus (crude/finished) steel? That's why we need to keep worrying about it.

I'll comment on rare earths over in the other thread, when I find time.

[Precious_b]

Originally Posted by Why_Yes_I_Do

Last time The Chyyyyyna inked a trade deal with us, they reneged and never fulfilled it.
And then what happened?

Guess donny meant China got a 12 out of 10 on this deal than.
Guess that's why he passed on seeing his boy Kim since North Korea is notorious for doing the taking and never the giving. I'm sure that brings a tear of joy to donnys eye.