WTO rules against U.S. steel tariff

[Imran Siddiqui]

Yeah, Jamestown.. for like 15 years.

Remember, the New England colonies weren't really under direct British rule at that time.

[Kuciwalker]

/me points out the "[nit-picking]"

[LoneWolf]

Imran, you seem to be young and impressionable. Look, Chrysler is GONE. It is owned by the Germans. Ford's stock is a tenth of what it was just ten years ago.
You are not listening. Free trade works only if everyone does it.
Don't give me bull about 17th century Britian. That was another world. Colonies, trade wars, privateers, etc. Free trade means we buy, we don't sell. Again, this is your idea of beneficial? I'd hate to see what you think is bad.

[DanS]

LoneWolf: $41 billion doesn't leave the US every month--there are no fewer dollars in the American economy because of it. This is because the trade deficit has to be made up by overseas investment in the United States.

If the US isn't covering its trade deficit with investment in the US, then value of the dollar declines until the US does cover its trade deficit. Eventually, a falling dollar will make American goods cheaper at home and overseas, which will result in a lower trade deficit.

As for cars, our companies still have a lot to learn from the likes of Toyota. Of course, most car companies do. Sometimes especially Japanese car companies.

Free trade means we buy, we don't sell.

This situation is unsustainable for anything but a short period. Japan now buys a lot of goods from us, for instance.

[Berzerker]

We have all sorts of trade barriers, from tariffs to corporate subsidies just as much of the industrialised world. I do find it humorous how people lament the state of Africa while supporting protectionist policies here.

[GePap]

Hey Imran, the corn laws were repealled in 1832, not 1632. Big difference. After all, King Charles the first was not in a big, "call on parliment" mood.

[Kidlicious]

Right. Imran had me going in the other thread so I didn't catch that until now.

[Urban Ranger]

FWIW, a lot of foreign cars sold in the US are made in the US.

[notyoueither]

You want a ***** fest? I'll give you a ***** fest.

The US PACs got the powers that be in Washington to agree that Canada subsidises lumber by not charging sky high stumpage for logging on Crown lands. Meanwhile, they ignored that Canadian law requires the logging companies to pay for reforestation on Crown lands. Net result? The pointy heads in Washington levy a tarrif on Canadian lumber so that a few US lumber owners can get a higher price for their timber. Meanwhile, every Ameican pays more for any house built because the lumber costs more. What, you thought the guys who paid the PACs would keep the price where they had to to compete with the massive pile of timber that is British Columbia after they got a 20 or 40% tarrif? (it has varied with time) More meanwhile, the labour force in British Columbia has been thrown into chaos and there are people losing homes.

Now, get this. Canadian farmers are the odd lot out. Europe subsidises farming. The US subisdises farming. The both of them do it massively. Canada does not. The farmers here live or die based on how well they can compete. Sound familiar? Well, the US has recently placed a tarrif on a certain variety of Canadian wheat. Yes, that right, folks. The jackasses that pay farmers to throw away productivity seem to think that a strain of Canadian wheat is a threat to American agriculture with our predatory practice of not subsidising farmers!

I really think that some things need to change south of the 49th. People who would stand by you are unemployed and embittered by the idiotic policies of your government spurred on by PACs. The *****ing up here is growing. How could it not when fracking wheat gets tarrifed? Remember, we have a finger on the energy switch. There is an alramingly large amount of talk based on using that switch to get the attention of our southern neighbours that what Washington has been doing is not cricket.

Now, where is that EU application?

[notyoueither]

Oh, btw. The conclusion up here is that the one, lone, mad cow was imported from the US (most likely) or the UK (less likely). The border remains closed to beef, and yet more people are getting pissed off.

How many of them critters you got running around down there? Now, don't worry. So long as your burger contains no brain or spinal tissue, you are at very low risk.

What exactly does MickyD's use for their burgers?

[C0ckney]

yeah i was gonna say about the corn laws, i think it was later than 1832, it was after the irish famine IIRC.

[Kramerman]

Originally posted by LoneWolf


Not more belligerent than other such organizations. All such entities form the purpose to "reign us in", because that is why other nations support them. The French, for example, don't really give a damn about "international institutions". They just know that it is the only weapon they have. Ultimately, these nations realize (correctly) that the best way for them to oppose us is to ensnare us in "international institutions"."

i agree with this much. the UN and otehr such entities are just political weapons nations use to be passive aggressive against one another

[blackice]

notyoueither

You must add in all the Nafta lawsuits, UPS for instance...

On the other hand trade to the states is up to 51% exported:

Since NAFTA's implementation, Canada's exports to the U.S. have increased by 51%; and among all NAFTA partners, trade has risen by 65%.

[HershOstropoler]

Originally posted by LoneWolf

THe Euros, for example, subsidize Airbus obscenely, in order to keep unemployment a little less than catastrophic, and steal contracts from Boeing because they pay only a small portion of their true labor costs.

Did you overdose on Bush weed?

The US dones out loads of pork projects to Boeing. It is heavily subsidized, too. Btw, if we were breaking the rules without you having dirt on the stick, why is it that you never took the case to the WTO?

"HAH! If we really were, every other economy in the world would completely collapse."

Total EU exports to the US are what now, 2-3 % of GDP. Not enough to collapse us.

"We are bleeding out $41 Billion each month."

That's a result of your bubble economy and your own fault. And btw, when that corrects, you'll suffer more than us.

"Overall, our markets are THE most open in the world."

You are roughly as protectionist as the EU. Stop believing your own propaganda.

"All such entities form the purpose to "reign us in", because that is why other nations support them."

Well the WTO came about because Washington found out that the usual trade games don't work against the EU because we can hurt you just as much as the other way round. You are still playing this with eg Canada, as NYE has pointed out. Although the US usually follows WTO rulings, but only after a lot of delays.

[Q Classic]

gatekeeper:

How many developed nations don't have domestic steel industries? Any who are dependent on foreign sources for their steel? Japan, perhaps?

both our allies in east asia have their own native steel industries.
korea has posco, which apparently is the largest and most efficient steel producer right now. it was set up by korea at a time when every bank in the world said it wouldn't work out. some other steelmakers include KOSTEEL and dongbu steel.
japan has nippon steel, nkk, and kawasaki steel, to name a few.