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Re: Teamsters President Supports Trump's New Tarriffs

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@GailL1 wrote:

 

What do you think about his rationale for this support?

 

PBS 05/14/2019 - Why the Teamsters president supports Trump's new tariffs

 

 


It is easy enough for Hoffa and Trump to say buy American, made by Americans, BUT does the U.S. have the manufacturing infrastructure to compete with China?  It would take time and money to open/revive manufacturing plants, not to mention the export of steel and aluminum which U.S. manufacturers heavily rely on.

 

China has invested heavily in its manufacturing infrastructure building a complex network of suppliers and trade agreements with neighboring nations, Latin America, and Africa to become the global leader in exports.  Meanwhile, the U.S. has shut down its domestic plants.

 

China's Economy and Its Effect on the U.S. Economy



    

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Re: Teamsters President Supports Trump's New Tarriffs

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I saw that yesterday, and my reaction was So, now we see the son of a crook that really did more harm to the unions than I know. The son of  that man, defending Trump.  no surprise there, Trump has always surrounded himself with those types of shady Characters. I do hope that he donesn't really trust him..

Who knows who he is really  going to support ?  that will be the question.

 

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Re: Teamsters President Supports Trump's New Tarriffs

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: Teamsters President Supports Trump's New Tarriffs

 

Let the consumer decide what the best product is at the best price.

 

 

That's called the " market " 

 

 

Competition is good for the market, and good for the consumer. 

 

 

 

 

 

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Re: Teamsters President Supports Trump's New Tarriffs

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@GailL1 wrote:

 

What do you think about his rationale for this support?

 

PBS 05/14/2019 - Why the Teamsters president supports Trump's new tariffs

 

 


Of Course He Does - Unions Make Money From Union Members - If the US Government Starts Picking Winners & Losers - US Increases Union Manufacturing Jobs - More Money in Union Coffers

 

Hoffa is a Hood & Trump is a Idiot - China has Billions of Consumers - if the US is Competitive - they will buy our Stuff

 

If we can't Compete - Globally and we can't in many areas - Every American Loses because we are all consumers - only some of us work in Manufacturing and 40% of those jobs are all going to be replaced by AI within 15 years

 

The Top 10 US Exports to China

1.    Soybeans: $15 billion
2.    Civilian aircraft: $8.4 billion
3.    Cotton: $3.4 billion
4.    Copper materials: $3 billion
5.    Passenger vehicles (small engines): $3 billion
6.    Aluminum materials: $2.4 billion
7.    Passenger vehicles (large engines): $2.2 billion
8.    Electronic integrated circuits: $1.7 billion
9.    Corn: $1.3 billion
10.  Coal: $1.2 billion

 

US goods exports to China continue to outpace export growth to the rest of the world. In 2017, the United States exported more goods to China than ever before—more than $127 billion. US exports of goods to China have grown by 86 percent over the last decade, while exports to the rest of the world grew by only 21 percent.

 

China is the third-largest market for US goods and services exports. China was a top market for US goods exports in 2017, with only NAFTA partners Canada and Mexico buying more goods last year. It was also the third-largest market for US services exports, following the United Kingdom and Canada.

 

Exports to China support 1 million American jobs. States across the country have jobs that are supported thanks to US exports to China, making trade important to not only US companies and consumers, but also US workers. US goods exports to China come from a wide range of industries including transportation equipment, agriculture, computers and electronics, and oil and gas, sustaining logistics jobs in America’s ports and throughout the country. US services exports to China included travel and education, transportation, financial, business and professional services, among other industries.

 

Most states have seen significant increases in exports of goods and services to China in the past decade. Forty-nine states have increased their goods exports to China in this time period, with 17 states experiencing triple-digit growth since 2008. Every US state had triple-digit services export growth to China in the decade between 2007 and 2016; 31 states had export growth of more than 300 percent.

 

Another huge industry for US exporters is recycled scrap materials. US companies exported $9.5 billion of scrap last year, the two biggest of which were copper materials ($3 billion) and aluminum materials ($2.4 billion). Scrap includes a wide range of commodities including metals, paper, and plastics.

 

Exports of services to China are significant, and largely drive growth in US services exports. In 2016, the most recent complete year of available data, US services exports to China surpassed $50 billion for the first time, totaling more than $52 billion--only slightly less than what we sold that year to Canada. In the decade from 2007 to 2016, US services exports to China increased more than 300 percent, while services exports to the rest of the world increased about 50 percent. US services exports to China grew by 12 percent in 2016, while US services exports to the rest of the world contracted by 0.6 percent.

 

 

 

“As China’s economy has evolved and their industrial output has taken off, we’ve seen a voracious appetite from China for commodities demand in general, and that’s spilled over to scrap as well,” says Joe Pickard, chief economist at the Institute of Scrap Recycling Industries in Washington, DC. “If you take a look at all commodities together, China accounts for about 40 percent of our scrap exports in recent years.”

 

Some of the raw materials China needs to assemble and manufacture finished goods come from the United States. “By virtue of the fact that we’re such a developed economy here, we have a large supply of scrap on hand,” Pickard says. “As [China’s] infrastructure gets built out, they will have a bigger stock in place.”

 

While a great deal of America’s exports to China consist of raw materials, the two largest high-value products US companies ship to China are civilian aircraft and passenger vehicles. Last year, US companies shipped $8.4 billion worth of planes to China and more than $5 billion worth of automobiles to China. Since 2003, exports to China of both aircraft and vehicles are up $5.6 billion, behind only soybeans.

 

More than half of the commercial jetliners operating in China today are Boeing airplanes. Over the next 20 years, Boeing Co. forecasts that China will need 5,260 new airplanes, worth more than $670 billion, which will make China its largest commercial airplane customer.

 

The top two states for exports of vehicles are South Carolina and Alabama. Together, the two states exported about $3 billion worth of vehicles to China. (Michigan ranks as the second-largest vehicle exporter if you include auto parts.) BMW has a plant in Spartanburg, SC that exclusively manufactures some of its sport-utility vehicles and crossovers.

 

Alabama is home to a handful of car manufacturers, but the only plant currently exporting belongs to Mercedes-Benz, which also manufacturers SUVs and crossovers, according to Hilda Lockhart, director of international trade at the Alabama Department of Commerce in Montgomery. “When Mercedes came to Alabama, they thought they would be servicing mostly the North American market,” Lockhart says. “It turns out their exports just kept going up.”

 

Source - https://www.uschina.org/reports/us-exports/national

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Teamsters President Supports Trump's New Tarriffs

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What do you think about his rationale for this support?

 

PBS 05/14/2019 - Why the Teamsters president supports Trump's new tariffs

 

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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