On Friday, August 10, 2018 at 2:41:18 AM UTC-4, Bod wrote:
President Trumps tariffs on imports of steel and aluminum are so
ill-conceived that even those meant to benefit from them are crying out
for relief. Citing a lack of domestic supply, Alcoa this week requested
that the Trump administration grant the company an exemption from
tariffs on aluminum imports from Canada.

Theyre going to have to get in line. The Commerce Department says that
it has already received over 20,000 such requests to be excluded from
steel and aluminum tariffs.

http://thehill.com/opinion/finance/4...h-of-a-problem
--
Bod

Interesting that as part of this I didn't see Alcoa saying that this need
is temporary, because they will be using money from the big corp tax cut
to build three new plants and hire 3000 workers either. They said that
even if the US returns to full aluminum capacity, we still will need to
import more than half of our aluminum. Kind of a stunning statement,
sounds like maybe we've found the real source of that part of the trade problem.
Fat, dumb and lazy?

It's kind of what you'd expect. If you were a young bright MBA 10, 20
years ago, would you go to pursue a career in making steel and aluminum?
So, those industries probably don't have the sharpest, most aggressive
tools in the shed. It would be interesting to see someone like Elon Musk
start a new company in steel or aluminum and what he could do.