Kees van Eeten wrote to mark lewis on Thursday June 28 2018 at 22:34:

KE>>> Why, isn't the US steel and aluminum industry going to jump in and
KE>>> supply equal quality goods within a fortnight for the same price?

ml>> the same price as what? the cheap chinese steel? why do you think it
ml>> is being imported instead of being purchased domesticaly?

This reminds me of the times Japanese products were regarded as cheap
knock-offs of American ones - like the ballpoint pens "Made in USA" (USA being
a newly named Japanese city where the imitations were made). That changed
pretty rapidly.

KE> Either the cheap Chinese steel or the special steel for the car
KE> industry that is imported from my country. Those are the materials
KE> that are being charged with extra import taxes. Whith that extra tax
KE> you local indutry should be able to compete. Either way the end
KE> product gets more expensive.

KE> My point is that it is not possible for your industry to just turn a
KE> nob and start producing. To continue production of produtcs that are
KE> base on this imported steel, you still have to import it.

KE> As Ward said in a previous message. Your end products will be more
KE> expensive. When these endproducs are for export, your competive
KE> position does not improove.

Who cares? Trump certainly doesn't, nor does he understand the economics of
international trade. But his precipitatious actions, based on emotion alone,
will soon be felt by American manufacturers. Poor guys, they may not have voted
for him, but now they HAVE him. They're welcome to him :-)

Cheers, Bob

--- GoldED+/W32 1.1.5-0613