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SpaceNut,
Did you not read the article you linked to? That type of info was noted in the article.
Sure, tax the hell out of them. Our products are already non-competitive with so many less expensive products made overseas, so let's make sure we're universally non-competitive. That's the exact opposite approach that other countries take, with respect to domestically-made goods and services, but I'm sure doubling-down on something that's already a failure will "work better" when we do it to the n-th degree.
You can't tax a corporation. Sure, you can do it "on paper", but then the corporation makes their products more expensive to cover the taxes, to the point of not being competitive, because it turns out that you can't get blood from stone. Consumers pay taxes. Corporations don't pay taxes. A corporation doesn't care if it lacks operating income. A corporation goes out of business when there's no more operating income. The corporation doesn't need to eat, it doesn't need shelter, it doesn't need health care, it has no children to raise, and it can't actually pay taxes. No matter what weird nonsense the Supreme Court asserts in its opinion, a corporation is NOT a person. A corporation is an organization of people and resources that's been committed to paper, in order to give lawyers jobs.
Protectionism, the idea that you favor your own corporations operating in your own country, was the specific policy that President Trump instituted, because that's the same policy that European and Asian corporations are protected by, when operating in their own countries. There's no such thing as a "free market" over there, because their governments have made sure there isn't a free market.
If foreign countries don't like that protectionism, then they can quit practicing it themselves, and we will reciprocate.
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EU was reprocessing china low cost materials for these with high carbon content use.
You tax that business that tries to avoid taxation by moving out of the US either in the us tax or in its import tariff which makes there products if they raise the price no longer competitive...Fair trade is always based on like kind value and that is where that cheap labor, no environmental rules, lower cost energy that pollutes come in to the company greed which is why they play the game.
When I buy a product and can not buy the parts for a lesser cost then I know that is subsidized.
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SpaceNut,
That's what the Biden administration is doing, and again, it's duly noted in the article you provided a link to.
Tariffs remain in place on metal that was not "melted and poured" in the EU.
Iron ore / pig iron comes from so many different places that it would be functionally impossible to track it. You get iron ore from the US / Canada / EU / China / India / Australia. A lot of China's ore comes from Australia, for example. Ore is taken from different places around the world, it's all mixed together at the foundry based upon metallurgical analysis / chemical composition, melted, and then turned into various cast iron or steel products. 80%+ of the Iron ore that China uses to make things is imported from other countries.
If China imports ore from Australia, casts an engine block in Shanghai, that block is then shipped to and machined in Europe, imported into the US, and subsequently assembled into a working engine using American-made pistons with a crank and cam forged in Mexico and machined in the US, then where would you say that said engine was made?
As crazy as that sounds, automotive manufacturers actually do stuff like that.
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Decades of leaning on Russia forces Germany into a perilous decision
https://www.businessinsider.com/germany … ade-2022-4
Japan grapples with higher electricity bills as Ukraine war forces rethink of Russia energy links
https://www.scmp.com/week-asia/economic … war-forces
Japan announces expulsion of 8 Russian officials, imposes new sanctions
https://www.pbs.org/newshour/world/japa … -sanctions
Germany is accused of fuelling Vladimir Putin's war in Ukraine by opposing ban on Russian gas imports
https://www.dailymail.co.uk/news/articl … raine.html
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Against Quad? China launches satellite-based Earth observation initiative with BRICS nations
https://spacenews.com/against-quad-chin … s-nations/
Representatives of space agencies of China, Russia, India, Brazil and South Africa attend online meeting, during which the BRICS Joint Committee on Space Cooperation was officially launched.
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Borrow and spend or save and change the rates?
88 cents bought a Euro, now the Dollar is the same
Yen gains against dollar after Fed decision
https://www3.nhk.or.jp/nhkworld/en/news/20220728_26/
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Some see the recession coming most however see a vanishing 401k that is stock based....
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What Is Actually Still Made in America? Not as much as there once was as companies are being bought up for the brands.
Most if not, all are not made in America but are being sold as if they are.
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China has imposed restrictions on the exports of gallium and germanium, ratcheting up trade tensions with Western allies.
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Russia says JPMorgan stops processing its grain payments
https://www.reuters.com/world/europe/ru … 023-08-04/
India dismisses "basesless" reports that it opposes BRICS expansion
https://economictimes.indiatimes.com/ne … 411286.cms
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White House could detail plans restricting some US investments in China
https://www.cnbctv18.com/technology/whi … 474881.htm
,
https://www.wsj.com/articles/u-s-to-ban … a-71f519d6
Last edited by Mars_B4_Moon (2023-08-09 10:49:08)
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seems they have it wrong as I worked nearly 40 years ago that did just that... make ships.
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US to impose tariffs on tin mill steel from Canada, China, Germany
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Biden opposes bill to impose sanctions on ICC
https://thehill.com/video/biden-opposes … c/9741408/
Cuba’s entrepreneurs could open U.S. bank accounts soon. Here’s a look at how it would work
https://www.miamiherald.com/news/nation … 50435.html
Biden White House rejects ICC sanctions proposed by lawmakers after Israel warrant requests
https://www.yahoo.com/news/biden-white- … 08110.html
Culture War?
How wars, invasions and policy are splitting the world
Adverts on Brics 'art' or 'music' the International Festival of Theatre Schools of the BRICS an addition of UAE or art schools from Belarus, Uruguay and Armenia also guests.
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