I heard tonight that because one cow in Canada was found with Mad Cow
Disease that we have banned all Canadian beef for the next three years.
Beef is over a dollar a pound on the hoof right now. A historic high
and expected to go higher. Get ready for $20/pound steaks.
Randy Zimmerman wrote:
I can't say anything other than "It's about time" The worm is finally
turning. In my region of Canada we have been hung out to dry by
protectionist tariffs.
We have lumber we now cannot export. Canada never has the balls like
Europe to fight back with the steel thing.
We have to wait until the housing cost skyrocket in California and tariffs
are reduced when the population realizes they are being screwed by their own
countrymen in power.
Randy
"Glenn Ashmore" wrote in message
news:Rg4sb.15067$62.13280@lakeread04...
I heard on the news this AM that the WTO issued a final ruling that
declared the steel import tariff illegal and clears the way for other
countries to add almost any retaliatory tariff they want on any US
products. This is going to put the Dubya's tush in a crack again. If
he repeals it he gets the steel states upset and if he keeps it everyone
else gets ****ed.
Personally I say good riddance. The tax averaged about 8%-10% but
stainless prices have gone up almost 30% and CRS is up over 40%. I have
used only a few hundred dollars worth since the tariffs went on but I
can see how it has effected small manufacturers a lot worse.
The tariffs were a big mistake in the first place. They were supposed
to reduce imports give the US steel industry time and money to update
facilities but for the most part very little of the extra profit has
been used for any improvements. At the same time imports have not gone
down much. The increase in price has actually attracted more foreign
producers.
It was supposed to save jobs but it has cost more manufacturing and
construction jobs than the entire steel industry employees. Now with
the WTO ruling allowing punitive tariffs on US products farmers and high
tech workers get a chance to pay for the steel industries short
sightedness.
--
Glenn Ashmore
I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at: http://www.rutuonline.com
Shameless Commercial Division: http://www.spade-anchor-us.com
--
Glenn Ashmore
I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at:
http://www.rutuonline.com
Shameless Commercial Division:
http://www.spade-anchor-us.com