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Next Up In The China Trade War: US Duties On China Pipe?

Tyler Durden's picture




<p>Just crossing the DJ newsires: US Commerce Considers Imposing Import Duties On China Pipe</p>
<p>Will update as we get more</p>




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Wed, 10/07/2009 - 14:47 | Link to Comment jdun
jdun's picture

Obama is sure doing his best to destroy the US economy.

Wed, 10/07/2009 - 15:13 | Link to Comment Anonymous
Wed, 10/07/2009 - 16:23 | Link to Comment Dont Taze Me Bro
Dont Taze Me Bro's picture

How does slowing down China from dumping their crappy products in this country will destroy our economy?

Trade war? Bring it on baby!!!!

 

 

Wed, 10/07/2009 - 16:46 | Link to Comment jdun
jdun's picture

You assume the avg American is capable of producing a finial product out of raw materials. How many of you can operate a milling machine, sewing machine, etc. How can the US produce competitive products when the majority of Americans can't pass basic math? It is one of many requirements in skill trades.

Top it off the manufacture business is hard dirty work with a lot of manual labor. How many Americans are willing to do that kind of work without whining? And then you have the Unions.

Wed, 10/07/2009 - 16:53 | Link to Comment Dont Taze Me Bro
Dont Taze Me Bro's picture

Why wouldn't I assume the average American is capable of this work?

We became a superpower without China's help. We were building aircraft carriers when the Chinese were still living in mud huts and raising chickens.

We became the best country on earth with our own talent and resources. 

 

FYI, I don't mean to single out China. My point applies to every other country out there. i.e. The French would be speaking German right now had we not saved their asses in WWII.  

Wed, 10/07/2009 - 17:10 | Link to Comment Veteran
Veteran's picture

nah, the cheese eating surrender monkeys would very likely be speaking Russian were it not for our involvement

 

 

Wed, 10/07/2009 - 17:24 | Link to Comment jdun
jdun's picture

Skill trades mean just that you must have skills.

Americans that have skill trades are either old, about to retire, or have retired. You ever been into a metal manufacturing product plant? How many young people you see in there? Almost none. It is made out of old or late middle age men. These people came from a time where they were taught skill trades in high schools. This is not the case today.

It doesn't matter if you ban every products that China made. It will not help the US manufacturing industries because there is an absolute almost empty pool of skill trade workers in America.

There was a thread few months back where a gun manufacture that is seeing unprecedented growth complain that he can't hire more people to meet the demand because the lack of skill trade workers. What he stucked with are the people that work for him for over 20 years. He would like to see younger face in the plant but he realized that is not going to happen.

Wed, 10/07/2009 - 17:47 | Link to Comment Dont Taze Me Bro
Dont Taze Me Bro's picture

No argument there. I agree, but you got the cause and effect relationship backwards. Globalization wiped out the American manufacturing base. It wasn't lack of young eager workers that made companies go overseas. It was lack of manufacturing jobs that discouraged young workers from getting into these fields.

The same thing is currently happening in the high tech sector. American engineers are losing their jobs to younger Indians. I bet in 10 years, someone will come along and say, look, there are no young and eager Americans with the skills to do engineering work, so that's why Indians are doing this work. BS!

 

Thu, 10/08/2009 - 00:02 | Link to Comment Anonymous
Thu, 10/08/2009 - 06:24 | Link to Comment Bob Dobbs
Bob Dobbs's picture

The manufacturing jobs are not that hard to learn.  Even an educated person could learn to  operate a lathe or mill.  I usually ask my kids "Are you lazy enough to go to college."  I worked as a machinist while I was in college, making bridge parts, and bomb casings.  The folks I worked with were not all that bright.  Some of them had serious substance abuse problems . . .  Now these same people, in another age cohort, are living in mom and dads basement.  There is no work for them that they can do.

 

"Let them make pipe," say I. 

Wed, 10/07/2009 - 20:22 | Link to Comment Missing_Link
Missing_Link's picture

"We" are no longer the "we" to which you refer.

The Greatest Generation crossed the Atlantic, defeated Hitler, recsued Europe, invented nuclear weapons, won the war for the Pacific, and secured the blessings of peace and liberty for future generations.

My generation can no longer lift itself off the Goddamned couch.

This country is a mishmash of foreign nationalities that universally despise the founding principles, and what few Americans still understand what this country once stood for are now rotting away in nursing homes.

There is no basis for thinking we have anywhere near the motivation, unity, maturity, or organizational skills to compete with the Chinese.

Pass the Doritos and the Xbox controller.

 

Wed, 10/07/2009 - 17:04 | Link to Comment chumbawamba
chumbawamba's picture

I can and do.  Without the Union, thank you.

Nothing against the Union, but like any political structure it has grown bloated, incompetent, and superfluous.

I am Chumbawamba, and I proudly wear a blue collar or white collar depending on the occasion.

Wed, 10/07/2009 - 18:19 | Link to Comment Miles Kendig
Miles Kendig's picture

Or no collar.

Thu, 10/08/2009 - 12:01 | Link to Comment Slewburger
Slewburger's picture

Or no sleeves.

Sometimes I like to party after work.

Wed, 10/07/2009 - 20:45 | Link to Comment Anonymous
Wed, 10/07/2009 - 14:52 | Link to Comment Deficient Market
Deficient Market's picture

China Pipe? Is that the one people use to smoke green shoots? If so, we should see this all over the MSM shortly.

Looks like it's going to bring us $2.6 billion, or 0.15% of our deficit, yay I guess

Wed, 10/07/2009 - 14:59 | Link to Comment TumblingDice
TumblingDice's picture

The best pipes come from Santa Cruz anyway; no big loss.

Wed, 10/07/2009 - 15:25 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:51 | Link to Comment Deficient Market
Deficient Market's picture

Actually scratch that last comment, this could actually be a huge boon to us if deployed correctly thanks to our new economic model where 4th grade math majors need not apply:

We start with 2.6 billion from our nice manufacturers that use these pipes that now have to pay higher prices for them (GDP +2.6 billion)

After our customs department gets their cut we can probably expect 1.5 billion to reach the treasury. This then gets given back to a bank that is too big to fail, and after bonuses, plus some kickback to those making it all possible, $1billion gets deployed to new mortgages. With the new paradigm of 100/1 fractional reserve banking, this is 100 billion worth of new mortgages issued (GDP +102.6). Now our nice bank has 100 billion in scary mortgages on it's books, so naturally it goes to the fed window and puts them up as collateral at par value and gets 100 billion in nice new bills back. It pays out it's bonuses (GDP +112.6), and now needs to do something with 90 billion. Well gee, a lot of those original borrowers have foreclosed on their homes and now need to buy new ones, and they just happen to have an inventory of foreclosed homes to sell them, so they go back into the mortgage business and lucky for them, the tax credit has just been expanded to cover everyone and is now 15k, so they issue 1800 billion worth of mortgages (GDP +1912.6). They've been running this business so well, they have an extra nice bonus this year (GDP +1932.6 billion).

Hey this just fixed our whole economic decline thanks to our suspension of laws and financial imagineering. This really deserves a "YAY!". Just rince and repeat till we're in uber prosperity, there's no one watching, trust me...

Wed, 10/07/2009 - 14:54 | Link to Comment Daedal
Daedal's picture

This is getting better by the day.

Anyone see the show "Sliders"? I feel like I slid into an absurd parallel universe, and can't get out. Jerry O'Connel, save me!

Wed, 10/07/2009 - 15:05 | Link to Comment RagnarDanneskjold
RagnarDanneskjold's picture

Professor Arturo just told me that I should be shorting the euro. In every world they've been to, the euro fails. 

Wed, 10/07/2009 - 14:59 | Link to Comment pigpen
pigpen's picture

Mr. Smoot meet Mr. Hawley - you guys get to know one another in the 21st century. Instead of talking tariffs may I suggest you talk about currency manipulation and beggar thy neighbor policies.

Trade is for suckers. Last one to the bottom is a rotten egg.

Cheers,

Pigpen

Wed, 10/07/2009 - 15:01 | Link to Comment Zro
Zro's picture

'US duties on China pipe' -- Thought it was some kind of scat porn.

Wed, 10/07/2009 - 15:10 | Link to Comment chumbawamba
chumbawamba's picture

Yeah, based on what the ladies report we really have nothing to worry about.

I am Chumbawamba.

Wed, 10/07/2009 - 15:18 | Link to Comment phaesed
phaesed's picture

So now we're going to charge them while they give us their pipe? Damn, we really are hos. I think someone was mentioning KY in the last thread...

Wed, 10/07/2009 - 15:04 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:08 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:16 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:19 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:20 | Link to Comment Anonymous
Thu, 10/08/2009 - 09:06 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:39 | Link to Comment Anonymous
Wed, 10/07/2009 - 15:49 | Link to Comment koaj
koaj's picture

smoot hawley part deux. good work washington. this will definitely help

Wed, 10/07/2009 - 15:51 | Link to Comment Whizbang
Whizbang's picture

Anyone seen the list of american products that are either banned or heavily tarriffed in china. I couldn't care less if we tarriff a couple of low cost import items.

Wed, 10/07/2009 - 16:02 | Link to Comment Daedal
Daedal's picture

America makes products? Ah, it appears they do. The only thing on my desk that is made in USA is my pen holder and an aerosal can of compressed air for dust cleaning -- brilliant.

Wed, 10/07/2009 - 17:10 | Link to Comment Whizbang
Whizbang's picture

Most of the worlds music, and many of the movies. Americans also heavily export cars, weapons, and especially agricultural products like beef, pork, cotton, sugar, tobacco, and corn.

Wed, 10/07/2009 - 16:46 | Link to Comment jdun
jdun's picture

What a joke. You assume the avg American is capable of producing a finial product out of raw materials. How many of you can operate a milling machine, sewing machine, etc. How can the US produce competitive products when the majority of Americans can't pass basic math? It is one of many requirements in skill trades.

Top it off the manufacture business is hard dirty work with a lot of manual labor. How many Americans are willing to do that kind of work without whining? And then you have the Unions.

Wed, 10/07/2009 - 17:07 | Link to Comment Whizbang
Whizbang's picture

you forget that during WWII, women who hadn't made anything other than delicious pies we able to design and manufacture the gears of war that destroyed 1/3 of europe and most of developed asia. Don't underestimate the american desire for success. Also, with real unemployment at 17.5% a lot of americans would consider these jobs. It beats the current McJobs many people have been forced into.

Wed, 10/07/2009 - 18:33 | Link to Comment cougar_w
cougar_w's picture

many of those women had husbands, brothers and/or fathers who worked in industry. Those were good jobs, lots of people had them, and there was lots of work. So they just moved into the vacant positions and got busy.

Fast forward 50 years; anyone reading this blog know anyone holding down a meaningful job in manufacturing?

I write software during the week, but have always been an inventor/builder. I welded together what might be the coolest bicycle currently on the road over the summer in my spare time from raw materials and without plans. I ride it 60 miles a day to work. People stop me on the street and take pictures of it with their cell phone cameras. My kids watched the whole thing and learned a lot. But we are by far the exception, and most people wouldn't know a wire welder from a soda can. Most people don't think anything is actually made, but comes from some magical place, grown on trees or something.

It would take a LONG time to get any kind of a workforce ready to fill the factories. Certainly years. People have zero skills and worse -- have no clue.

cougar

Wed, 10/07/2009 - 23:11 | Link to Comment glenlloyd
glenlloyd's picture

For many years the population moved totally away from actually doing things, like building and at the very least repairing. People lack fundamental knowledge and skills about even simple things like how automobile engines work, even how to do simple tasks like changing oil. Cars in particular are treated as throw away objects to be abused and then tossed and another purchased.

Self sufficiency comes by being able to take care of yourself and your things. If the car is broken you learn how to fix it or at the very least how to properly take care of it.

There's been a tendancy in the US to treat those who do repair work as lesser people when in fact they will be very important in the future.

my .02

Thu, 10/08/2009 - 12:56 | Link to Comment Slewburger
Slewburger's picture

"My kids watched the whole thing and learned a lot. But we are by far the exception, and most people wouldn't know a wire welder from a soda can. Most people don't think anything is actually made, but comes from some magical place, grown on trees or something."

 

I agree.

Nobody seems to encourage their kids to pursue these types of technical endeavors.

They're happy if their kids graduate with a degree in psychology, live at home and only have 25k of debt.

I don't agree about the long time to fill a factory. If those jobs became available, they would be filled. People would learn anything if its the difference between eating and starving. But I will say as the skilled workforce ages and eventually retires, the knowledge gained over decades will leave with it.

Do you think the Chinese are born with an innate knack for using a milling machine, a lathe, or a TIG machine. No more than we are.... the difference is the country's attitude toward it.

If being technical is not fostered at a young age it is lost. It is a mind set of logic and progression, both things that seem to be lost on our society as a whole.

 

 

Wed, 10/07/2009 - 19:12 | Link to Comment cbxer55
cbxer55's picture

Its all I have done all of my life, work in manufacturing. Just try and find a job there nowadays! From Feb. 2005 to Jan. 2009 I worked in a factory building railcars. Hot dirty work, now we are all layed off. Most everyone I know who worked there has been out of work since the plant closed in January. And there are no manufacturing jobs available to go to now, so we all collect unemployment.

I was offered a job at Tinker as a Sheet Metal Mechanic, but am still waiting on a start date as they are giving me a hard time on my hearing, which is a result of working on aircraft for 22 years. Ironic is it not? 22 years experience doing the work, and they give me a hard time because of bad hearing, which resulted from doing that work!

I thought the Federal Government was an equal opportunity employer?

Wed, 10/07/2009 - 15:56 | Link to Comment Miles Kendig
Miles Kendig's picture

Weak attempt at laying the lead pipe to China.

Wed, 10/07/2009 - 16:05 | Link to Comment sethstorm
sethstorm's picture

Fine enough to keep on going, but be sure to account for any redirection to any other Third World countries.

Peddling junk has its consequences, China. Perhaps you should start addressing those in a way that isn't circumvention.

Wed, 10/07/2009 - 16:43 | Link to Comment ShankyS
ShankyS's picture

Just so there are no tarrifs on Peter North's pipe is all I care. RedTube would die.

Wed, 10/07/2009 - 17:07 | Link to Comment deadhead
deadhead's picture

I'm pretty shcoked. The folks in washington d.c. and at the Fed are smoking so much phucking crack that they will regret the fact that they cannot purchase more pipes. They will be squishing soda cans and poking little holes in them......

edit: I was going to fix the spelling error on "shcoked" then realized it was a pretty ironic error.....

Wed, 10/07/2009 - 17:40 | Link to Comment Anonymous
Wed, 10/07/2009 - 20:14 | Link to Comment Anonymous
Wed, 10/07/2009 - 21:36 | Link to Comment Anonymous
Wed, 10/07/2009 - 21:49 | Link to Comment Anonymous
Wed, 10/07/2009 - 22:58 | Link to Comment Anonymous
Wed, 10/07/2009 - 23:03 | Link to Comment glenlloyd
glenlloyd's picture

Darn, I thought it said PIES, I'm hungry!

Thu, 10/08/2009 - 00:28 | Link to Comment Market_Terminator
Market_Terminator's picture

That's right China!  Fuck you, tariff the dog crap out of you we will. You will pay through the nose to lay your pipe on US.  (Whispering...now in a low voice) Oh and pretty please show up to our Treasury auctions next week, we have some 7, 10 and 30 year bills we need to lay on you.  Gosh darn thanks for buying our craptastic debt, without your money we are doomed.  Your friends, USA.

Thu, 10/08/2009 - 01:56 | Link to Comment Anonymous
Thu, 10/08/2009 - 03:27 | Link to Comment Anonymous
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