I hadn't heard that one yet, that's pretty funny.
steel tariffs
- Thread starter Jkloc420
- Start date
MAKAVELI
Well-Known Member
Carl Icahn, a former special adviser to Donald Trump, sold $31.3m of shares in a company heavily dependent on steel imports last week, shortly before Trump’s announcement of new tariffs sent its shares plummeting.
Hope this helps
refineryworker05
Well-Known Member
Well, trade protectionism is not a simple left right issue among average American citizens.
I know plenty of Americans who think the government should “protect” American industries and whom feel that other nations protect their industries against US products. This was a consistent theme of the Trump campaign.
Usually the political leadership and economists in both America’s political parties are not in favor of protectionist trade policies.
But republican presidents seem to be much more willing to actually go against their party’s orthodoxy around trade protectionism. GWBush did some trade protectionism with steel when he was president. President Obama did not. And now Trump does it again.
I don’t think this stuff helps the overall American economy. But unless it leads to a serious trade war that hurts the economy, my guess is this kind of stuff does not hurt Trump politically.
I know plenty of Americans who think the government should “protect” American industries and whom feel that other nations protect their industries against US products. This was a consistent theme of the Trump campaign.
Usually the political leadership and economists in both America’s political parties are not in favor of protectionist trade policies.
But republican presidents seem to be much more willing to actually go against their party’s orthodoxy around trade protectionism. GWBush did some trade protectionism with steel when he was president. President Obama did not. And now Trump does it again.
I don’t think this stuff helps the overall American economy. But unless it leads to a serious trade war that hurts the economy, my guess is this kind of stuff does not hurt Trump politically.
Catatonic
Nine Lives
I posted this earlier ... the final aspects of the tariff restrictions (if any) are not known at this time.
A tariff against China, Vietnam, Iran, etc. while not imposing on our allies will have a different effect than a blanket tariff.
I'll wait until making my opinion on the tariffs until their details are known.
I have always been against tariffs but 'tit for tat' tariffs against the Chinese might be appropriate.
Fair enough, but I responded to the report he sold steel stocks. Steel stocks went up on the announcement, the only sector that did.
Catatonic
Nine Lives
This is what I heard yesterday but I don't feel like investigating what happened last week.
Steel stocks (i.e. - US Steel was up 10% yesterday).
Maybe if someone can post a link, I will read.
Sportello
Well-Known Member
Had you actually read the article you might not have sounded so stupid.
Doubtful, though.
Sportello
Well-Known Member
Post #54 is a link.
No, saying he sold "steel stocks" is stupid. The stock market has sectors that move in concert. There is a steel sector. Calling a company that is dependent on steel a steel stock is incorrect. Doubling down by calling others stupid for pointing it out is, as Forrest Gump used to say, stupid is as stupid does.
Sportello
Well-Known Member
FFS, read the article.
I responded to you saying he sold steel stocks. Not steel stocks. FFS.
Catatonic
Nine Lives
Last edited:
Catatonic
Nine Lives
Worth looking into but a person worth $16+ Billion would not take this risk on Insider Information to save $6 Million.
Catatonic
Nine Lives
Helps to identify @Sportello's skulduggery (I like that in a person).
Her link said he sold shares of a steel company.
Sportello
Well-Known Member
@Monkey Butt sure did pick himself clean of nits to defend fraud.
Catatonic
Nine Lives
And ticks too!
Sportello
Well-Known Member
Good for you. Ticks are worse than nits. Nits are edible, as you well know. Ticks, not so much.
Keep an eye on that rash.
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