Unhappy Canada Vows Retaliation For Steel Tariffs – NAFTA, Steel, Tariffs and An Introduction To Liu Zhongtian…

I think we’ve figured out why President Trump is doing the Steel and Aluminum tariffs ahead of the NAFTA withdrawal.  Perhaps, the wolverine administration is using Steel and Aluminum to draw attention to the NAFTA fatal flaw.

Earlier today Canadian Foreign Minister Chrystia Freeland stated:

“Should restrictions be imposed on Canadian steel and aluminum products, Canada will take responsive measures to defend its trade interests and workers,” Foreign Minister Chrystia Freeland said in a statement, calling any trade restrictions“absolutely unacceptable.”  (link)

The key word in that statement from Freeland is “products”. Why? because Canada doesn’t make more than a boutique amount of raw Steel.  (Top 40 List)  The Canadians, like the Mexicans, import the vast majority of their raw steel from China.  Canada then fabricates products from the Chinese steel.  This nuanced point is almost always lost on people who discuss trade.  This point of origination is also the fatal flaw within NAFTA.

In essence Canada is a brokerage for Chinese manufactured material, and NAFTA is the access trade-door exploited by China for entry into the U.S. market.  More on that in a moment.  First watch Justin from Canada explain his country’s position. (prompted, just hit play):

.

See, that verbal parseltongue twisting is what happens when you attempt to walk the precarious fine-line of talking points on trade.  Canada doesn’t manufacture steel, they purchase steel and manufacture ‘products’.  A considerable difference.

Now, here’s where I think President Trump is using the steel example to highlight the NAFTA flaw and awaken people to the larger hidden issues within the heavily manipulated North American Free Trade Agreement.

There’s always that vocal group of GOPe Wall Street defenders, the professional political and purchased republicans, who attempt to hide the NAFTA flaw.  So for those who are dismissive, and for the purpose of intellectual honesty, allow me to introduce the example of Chinese Billionaire Mr. Liu Zhongtian.

Mr. Liu Zhongtian is one of the Chinese billionaires who are extremely skilled at exploiting the NAFTA loophole, generating profit and hiding the reality of NAFTA from the American people.  Mr. Liu is not alone, he is simply one of many – Mr. Liu is also the Deputy Secretary of China’s communist party.

Mr. Liu has imported over one million metric tonnes of aluminum ingots into Mexico, that’s over 6% of the world supply, and he stores them there in order to avoid tariffs from the United States.

Chinese billionaire Liu Zohgtian uses Mexico’s NAFTA backdoor access to avoid any U.S. tariff.

2016 […]  The pile, worth $2 billion and measuring one million metric tons, represents six per cent of the world’s aluminum.

It was discovered two years ago after a California aluminum executive sent a pilot over San José Iturbide, a city in central Mexico, the Wall Street Journal reported in an investigative piece Friday.

Trade representative Jeff Henderson believes Chinese billionaire Liu Zhongtian, an aluminum magnate, routed merchandise through Mexico to avoid paying US tariffs.

Liu controls China Zhongwang Holdings Ltd, the world’s second largest aluminum producer in its category. His current fortune is estimated at $3.2 billion according to Forbes.

Aluminum manufacturers receive subsidies in China. This means Chinese companies could be able to sell aluminum at a lower price than American firms.

The United States protected domestic trade by enforcing tariffs, which have to be paid when aluminum is imported.

Bringing in merchandise through Mexico would enable a Chinese manufacturer such as Zhongwang to avoid paying those tariffs.  (read more)

A photograph of Mr. Liu Zhongtian’s aluminum stockpile in Mexico.

In its current form NAFTA is an exploited doorway into the coveted U.S. market.  Asian economic interests, large multinational corporations, invested in Mexico and Canada as a way to work around any direct trade deals with the U.S.

By shipping parts to Mexico and/or Canada; and by deploying satellite manufacturing and assembly facilities in Canada and/or Mexico; China, Asia and to a lesser extent EU corporations exploited a loophole.  Through a process of building, assembling or manufacturing their products in Mexico/Canada those foreign corporations can skirt U.S. trade tariffs and direct U.S. trade agreements.  The finished foreign products entered the U.S. under NAFTA rules.

Why deal with the U.S. when you can just deal with Mexico, and use NAFTA rules to ship your product directly into the U.S. market?

This exploitative approach, a backdoor to the U.S. market, was the primary reason for massive foreign investment in Canada and Mexico; it was also the primary reason why candidate Donald Trump, now President Donald Trump, wanted to shut down that loophole and renegotiate NAFTA.

This loophole was the primary reason for U.S. manufacturers to relocate operations to Mexico.  Corporations within the U.S. Auto-Sector could enhance profits by building in Mexico or Canada using parts imported from Asia/China.  The labor factor was not as big a part of the overall cost consideration as cheaper parts and imported raw materials.

If you understand the reason why U.S. companies benefited from those moves, you can begin to understand if the U.S. was going to remain inside NAFTA President Trump would have remained engaged in TPP.

As soon as President Trump withdrew from TPP the problem with the Canada and Mexico loophole grew.  All corporations from TPP nations would now have an option to exploit the same NAFTA loophole.

Why ship directly to the U.S., or manufacturer inside the U.S., when you could just assemble in Mexico and Canada and use NAFTA to bring your products to the ultimate goal, the massive U.S. market?

From the POTUS Trump position, NAFTA always came down to two options:

Option #1 – renegotiate the NAFTA trade agreement to eliminate the loopholes.  That would require Canada and Mexico to agree to very specific rules put into the agreement by the U.S. that would remove the ability of third-party nations to exploit the current trade loophole. Essentially the U.S. rules would be structured around removing any profit motive with regard to building in Canada or Mexico and shipping into the U.S.

Canada and Mexico would have to agree to those rules; the goal of the rules would be to stop third-party nations from exploiting NAFTA.  The problem in this option is the exploitation of NAFTA currently benefits Canada and Mexico.  It is against their interests to remove it.  Knowing it was against their interests President Trump never thought it was likely Canada or Mexico would ever agree.  But he was willing to explore and find out.

Option #2 – Exit NAFTA.  And subsequently deal with Canada and Mexico individually with structured trade agreements about their imports.  Canada and Mexico could do as they please, but each U.S. bi-lateral trade agreement would be written with language removing the aforementioned cost-benefit-analysis to third-party countries (same as in option #1.)

All nuanced trade-sector issues put aside, the larger issue is always how third-party nations will seek to gain access to the U.S. market through Canada and Mexico.  [It is the NAFTA exploitation loophole which has severely damaged the U.S. manufacturing base.]

This is not direct ‘protectionism’, it is simply smart and fair trade.

Unfortunately, the U.S. CoC, funded by massive multinational corporations, is spending hundreds of millions on lobbying congress to keep the NAFTA loophole open.

The U.S. has to look upstream, deep into the trade agreements made by Mexico and Canada with third-parties, because it is possible for other nations to skirt direct trade with the U.S. and move their products through Canada and Mexico into the U.S.

Do you see Canada or Mexico on the Steel Production List?

Any questions?

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This entry was posted in Big Government, Big Stupid Government, Canada, Decepticons, Deep State, Dem Hypocrisy, Economy, Environmentalism, EPA, European Union, media bias, NAFTA, President Trump, Trade Deal, Typical Prog Behavior, Uncategorized, US Treasury, USA. Bookmark the permalink.

347 Responses to Unhappy Canada Vows Retaliation For Steel Tariffs – NAFTA, Steel, Tariffs and An Introduction To Liu Zhongtian…

  1. starfcker says:

    My God, he is a communist buzzword encyclopedia. And he can rattle it off nonstop

    Liked by 5 people

    • wolfmoon1776 says:

      They’re squirming BIG-TIME. Chinese econo-war is one of the most important legs of the “non-nuclear triad” to take down America. Trump is going straight at it. Good for him.

      Liked by 7 people

      • Turranos says:

        In that video, Rainbow Man sure got his socks in a twist as he was searching for the nifty phrase that he needed to stay out of trouble. Gave me a laugh.

        Liked by 5 people

      • Jedi9 says:

        Ha ha! Too funny! I was thinking the same thing but you beat me to it! Good on you!

        Here in HK, where I am situated currently having just recently moved from Singapore, the propaganda, of the Chinese kind is non stop, and distortion of facts and optics is off the charts here. Time to return the favor and kill their spies!

        Liked by 4 people

        • wolfmoon1776 says:

          Oh, there are WAY TOO MANY here – not enough coffins on hand. I think the best thing is make anti-American Delta fly them home free while using their assets to pay off the national debt. That will make the anti-NRA $30 Million dollar loss look like pocket change! 😉

          Would Trump’s anti-corruption order to freeze assets cover the Chi-spies? MAYBE SO!!!

          Liked by 1 person

          • Cuppa Covfefe says:

            Wow. Now THERE’S a thought.

            Freeze (and then confiscate) ALL of China’s assets…

            Xi would have to revert to the drug trade to make a living… Oh, wait…

            Liked by 2 people

      • Cuppa Covfefe says:

        The rotten apple doesn’t fall far from the decaying tree. Princess Sparklesocks’s father was a real “piece of work”, too… Sort of like Moonbeam and Moonbeam Sr. in CA…

        Liked by 1 person

  2. rf121 says:

    Dump? I believe the term is sell.

    Liked by 3 people

    • Troll Team ZERO:
      Another deflection fail.

      Liked by 5 people

      • Ferdburful says:

        Alll of that “Canadian” Steel (Raw Product) is actually made in China, shipped to Canada (or Mexico) used in manufacturing and then shipped to the US as a finished product. Did you not read the article? Did you not see the pictures of the Chinese Made aluminum ingots stored in Mexico? The “Canadian” Steel is no more “Canadian” than those Chinese Aluminum ingots made in China. Your whole arguement collapses.

        Liked by 1 person

      • Cuppa Covfefe says:

        Hey “Cleaner”: Clean yersel’ up. And go back under the bridge, collecting your 25 pieces of TIN from CTR/Soros on the way out.

        The only thing you’ve contributed on your short time here is discord. And using the US CoC as a source is specious, at best…

        Liked by 1 person

    • Dennis Leonard says:

      Liked by 5 people

      • Cuppa Covfefe says:

        Yep. Good luck. We’re still trying to do it in spite of the YSM over here. And Gerhard Schröder (the the “help” of Trittin and the Greens) was our Øbozo…

        When you have “mannish” Ministerinnen (e.g. Barbara Hendricks, von der Leyen, and “Mutti”) and girly men (Schultz, et. al.), you’re doomed to failure…

        Like

    • The Demon Slick says:

      The Chinese steel is made into product’s and then imported into the US. You’re mathing wrong.

      Liked by 1 person

    • JoAnn Leichliter says:

      Since Canada manufactures no steel, it will be an importer until such time as it does manufacture. Hence, the “dumping” concept does not apply.

      Like

      • Retired EE says:

        I guess I’d like to see the data on the imported steel/aluminum products and the breakout of labor input. Is it raw stock? Is the steel imported into Canada raw bar/ingot that is then manufactured into a final product with significant labor input? Is the imported steel in a pre-finished state and a couple of low labor holes added? Is the steel a finished part that is then imported into the US? What are the percentages? The fight happening over this is heated so I suspect there is more pass-through than manufactured but it would be good to know the actual facts in the case. Likewise if the US is exporting steel to Canada how is it processed? There is a significant Canadian labor content in automotive components like engine castings. Are the castings raw US exports and then machined in Canada? I suspect there is a lot of cheating but it would be good to know the actual data.

        Liked by 1 person

  3. Linus in W.PA. says:

    It just never fails to show what an ass-munch Trudeau really is…….

    Sad…

    Liked by 4 people

    • Mom says:

      Yes, yes he is…say the majority of Canadians. The next election can’t come soon enough.

      Liked by 1 person

      • Linus in W.PA. says:

        Is it true he was a substitute drama teacher?

        Like

      • piper567 says:

        Mom, Do you think there is a chance Trudeau can be defeated?
        That would just be the best…I am thinking you are Canadian.
        Oh how we wish the best for our Northern neighbors!
        We know exactly how you feel.
        We were also at the brink.
        Will be praying for your “liberation”.

        Liked by 1 person

        • Mom says:

          Yes, I believe Trudeau will be defeated in the next election, despite those around me doubting it (but certainly not voting for him, the pessimism is HUGE). That said, I was the lone Canadian voice in my circle of conservatives that insisted Trump would win, as Americans were fed up with the “up is sideways” society, and corrupt government at all levels.

          If Trudeau continues on his merry, naturally-inclined way, with horrific policy and clownish antics, he is doomed to be a single term PM. His Liberal party will learn that annointing a figurehead due to “celebrity” name recognition alone can sink them for some time to come.

          Were it not for the rise of social media, he never would have been elected. A certain segment of society (mostly young/inexperienced or the campus society) was fed up with Harper (Conservative), however I doubt that alone was enough to swing the vote. The media and social media directed the vote…hot (not my opinion), shirtless, nice hair.

          The Conservative ads during the election often relied on “he’s just not ready”. I would counter that the airhead will NEVER be ready for the responsibility of running our country, except as a Soros aided and directed puppet. Any original thought Trudeau has could come from a pot-smoking college student while watching Scooby Doo.

          Liked by 1 person

          • Mom says:

            oh, and a good portion of his votes were from those who wanted pot legalized, which Trudeau stated he would do. With upcoming federal legalization, those one issue voters won’t turn out next election.

            Like

  4. scott467 says:

    “Unfortunately, the U.S. CoC, funded by massive multinational corporations, is spending hundreds of millions on lobbying congress to keep the NAFTA loophole open.”

    ___________________

    Why?

    Either DJT has the authority to withdraw America from NAFTA, or he doesn’t.

    If DJT has the authority to withdraw from NAFT, then what does spending hundreds of millions in bribes to Congress accomplish, or have to do with anything?

    Liked by 1 person

    • wheatietoo says:

      The puppet masters probably want their bribe recipients to go at Pres Trump in other ways…to try to force him to cave on NAFTA.

      And yes, PDJT has the authority to withdraw the US from NAFTA, on his own.
      Congress has no authority to stop him.

      But as I said, some of them may try to pressure him in other ways.

      Liked by 2 people

    • sat0422 says:

      Uhhh….the rich get richer?

      Like

      • Yes, and watching the stock market, they invest their money in China, and anywhere else that doesn’t benefit America!

        Liked by 1 person

      • Turranos says:

        Yes, the so-called elected officials just get richer and richer. It’s pretty close to magic but sometimes you get to see the hands of Tom Donahue as he does his magic tricks for the slimy politicians. Somehow, some way their bank accounts magically grow by leaps and bounds. Just ask Roosterhead about that.

        Like

        • PoCoNoMo says:

          I’ve been hearing of people’s extreme disappointment in ‘Roosterhead’ for some time now, and am wondering if I could get some links as to what the man has done -> specifically. I did see here, a while back, some kind os statement of accounts where some money showed up, but I thought it wasn’t conclusive, as the money could have come from situations or places other than bribes. I would appreciate some clear and specific details outlining the mans’ supposed corruption. I just don’t want to be jumping into a position that I don’t fully understand. Thanks in advance.

          Like

          • lokiscout says:

            How about all those answers you got? I heard today an estimate of his net worth as under $200,000. Or in otherwise about equal to one years salary. Should have filed the link.

            Like

    • maiingankwe says:

      Scott467,
      It wasn’t that long ago when I had asked the same question. I was informed by a knowledgeable Treeper that the lobbying is to pass a law where congress will be able to take over control on the decision of NAFTA and other similar things. They want that power taken away from our President and into their grubby little hands.

      I’m sorry I don’t have a link to go with it, but I’m sure it’s out there somewhere on the Internet. Hopefully, someone will have a copy of it already and share it with us. If not, I can take a gander later this evening for you. I’m unable to post links from my phone, but I can easily give directions to its location.
      Good question by the way 😁.
      Stay smiling,
      Ma’iingankwe

      Liked by 1 person

      • scott467 says:

        “It wasn’t that long ago when I had asked the same question. I was informed by a knowledgeable Treeper that the lobbying is to pass a law where congress will be able to take over control on the decision of NAFTA and other similar things.”

        _________________

        Yes, I thought of that, and it’s a dead end.

        DJT can withdraw from NAFTA tonight, immediately, if he wants to.

        Even if the insanely dysfunctional Congress got a bill to Trump’s desk, he could (and would) veto it.

        Then it goes back to Congress, and even if they got enough votes to override the veto, by the time they did, Trump would already have pulled the trigger and withdrawn us from NAFTA.

        And Congress can’t pass a law to make time go backwards.

        So unless I’m missing something, it is completely pointless for the CoC to waste hundreds of millions of dollars lobbying Congress over something Congress is powerless to stop.

        Which brings me back to my original question.

        Why?

        Like

        • cwf60 says:

          Wasn’t Ross Perot prophetic about NAFTA? We have been hearing that sucking sound for 2 decades.

          Like

        • lokiscout says:

          To cause him trouble elsewhere. When you are a paid agent you are expected to do the bidding of your master in all ways possible. Look at McCain. He railed against Obamacare and then cast the deciding vote against repeal. Also, to create a political atmosphere where if/when President Trump does pull us out of NAFTA it will cost him the maximum political capital.

          Like

  5. Linda says:

    Ha ha ha! Watching Little Justin explain about chick peas was a riot!

    Liked by 1 person

    • olderwiser21 says:

      Oh my gosh!! What is wrong with that man? He is about as convincing a leader as my 8 year old grandson and not nearly as charming. So sad. How on earth did he get elected by Canadians!!!

      Liked by 1 person

      • john Bowler says:

        Well, Americans fell for Obama’s equally empty platitudes. Poor Justin’s gross incompetence just forces us to acknowledge our own mistakes. That is what we looked like to the rest of the world for the previous administration’s 8 years of socialist pandering. Justin gets his economic acumen from his father and I don’t mean Pierre.

        Liked by 1 person

        • Rev Bro Generik says:

          Y’all have electronic balloting, too?

          Liked by 1 person

        • lokiscout says:

          The US fell for Obama’s tripe thice! Let’s see if our Canadian brothers and sisters are smarter when Twinkle Sox comes up for reelection.

          Like

          • G. Combs says:

            The USA fell for VOTER FRAUD!!! Why in Hades do you think Obummer’s government targeted True the Vote? link

            Here in North Carolina in the last election 22 out of the 100 counties had MORE VOTES THAN ADULT RESIDENTS!!! There were many, many ballots with only the governor and president marked. That is why we have a Democrat for governor and a republican for Lt Governor. It is also why our Democrat Governor ‘dropped the ball’ on the US Supreme court challenge over voter ID.

            Soros is working hard to turn NC into a blue state.

            Like

      • John Good says:

        Let me explain how this incompetant “socialist-twit” go to be the PM of Canada.

        #1-He was “chosen” by the Globalists as someone who they could easily manipulate, because the Globalists were PO”d that the previous PM, Stephen Harper (Conservative) would not sign Canada onto The Paris Climate Treaty Scam, because he like Trump knew that it was just a Scam where the larger industrialised Countries would transfer Billions of dollars to the 3rd World Nations who would not do a thing to prevent the so-called “Man-Made Global Warming” Hoax.
        Read this carefully & you will start to understand the above:
        https://web.archive.org/web/20160527180427/https://www.lifesitenews.com/news/monckton-harper-defeat-in-canada-election-will-cause-world-government-win-a

        #2-I don’t have the links handy to back the following comments up, but rest assured that I am not making any of this up.
        Add that Justin Trudeau took money from George Soros, the O’Bama’s came up here to Canada to visit him, Google was restricting information about Stephen Harper & the Conservative Party when someone searched for the info. & the fact that Canada does not have an Electoral College based system like in the US, enabled Toronto & Montreal to basically decide the Election for the rest of Canada & add some Election Fraud to the mix.

        And now, we will be in real trouble when your President Trump cancels the NAFTA!

        Liked by 1 person

        • lokiscout says:

          “And now, we will be in real trouble when your President Trump cancels the NAFTA!”

          Wouldn’t it be great if “Made in Canada” actually meant what it said instead of made in China and shipped through Canada? There will be plenty of opportunity for new Canadian companies to fill the void. With the right leadership in Ottawa this could be a good thing for Canada and the US.

          Like

        • Mom says:

          And the one-time pot vote. With upcoming legalization, that voting segment will disappear in a puff of smoke for the next election.

          Liked by 1 person

  6. skaebne says:

    You miss the point. Canada is not the target, nor is Mexico. China is the target: China is exploiting NAFTA to dump steel products in the US. Trump is trying to shut down the Chinese spigot that IS harming American industry and workers, and Canada is an accomplice, witting or unwitting.

    Liked by 8 people

    • Charles Martel says:

      Well if Canada wants to keep paying zero tariffs, then stop doing business with China.
      That’s our market and business is war. Simple stuff bro. They keep doing business with China, then here come the tariffs. They are not allies when they are doing everything they can to take advantage of us. Go spin somewhere else.

      Liked by 8 people

      • disgustedwithjulison says:

        I agree Charles.Textiles and other industries are bigger abusers of Nafta. Perhaps this is why Trump & co. chose steel. Canada needs our steel and cannot work around that with other suppliers. Placing Tariff’s on Canadian steel makes them decide do they want to keep enabling all of the other Chinese industries that are even bigger offenders of using NAFTA as a Chinese back door into the USA. Just my side opinion, but we invest heavily in military to protect Canada and they invest almost nothing – spending their money on health care and utopian projects – all the while knowing that if someone threatened them on the world playground (..and, they would fold faster than Poland in WWII), their big brother would be there in a heartbeat for them to ward off the bully. They are our 51st state and dependent on us for their lifestyle whether they like it or not. The tariffs help pay their fair share for our military to protect their society.

        Liked by 4 people

        • Maquis says:

          Dang. When we chant “Build The Wall” in 2020 we will be referring to the Northern Wall, the Southern being already in place.

          Libetalism is nit a mental disorder, it is straight up Satanism.
          So. Damned. Evil.
          And stupid.

          Liked by 2 people

    • Bastiat says:

      While I’m happy you provided some statistics, If Canada is importing our steel, it will not hurt them, will it? So what are you worked up about?

      Seems to me that you are lying about something by omission. What could it be, my friend?

      Liked by 2 people

    • Keebler AC says:

      Interesting.
      Canada accounts for 17%* of US steel imports of which you were saying 9% came from China. That works out to be equivalent of about 1.53% steel imported to the US through Canada from China. The steel dilemma isn’t Canada then especially if there is a small trade deficit. Trudeau is bad for business between the two countries if he can’t even figure this simple math out. Trump is maybe after something else.

      Readers, read at your own peril *http://money.cnn.com/2018/03/02/news/economy/steel-industry-statistics-us-china-canada/index.html

      Like

    • Dennis Leonard says:

      I always wondered what a Canadian troll sounded like,maybe you should give socks some lessons on how to spew your talking points,as he was very confused.But practice makes perfect.And by the way,if they get all that steel from us,you could slap a tariff on it,but than that would make your stuff cost more,so we will not use it.And I quote” Rick Henwood @wehauler

      I deliver steel all day long in Calgary. Sheet Metal. Plate, Structural (Angle, Flat, Square Bar, Round Bar, I-Beams, Wide-Flange Beams. I haven’t seen a North American piece of steel in 15 years.
      8:15 PM – Mar 1, 2018 “

      Liked by 1 person

    • jeans2nd says:

      Cleaner, the U.S. is using the equality and fairness principles that Canada wants to be incorporated into the renegotiated NAFTA. All steel from China will have a tariff, regardless of which country is laundering the Chinese steel.

      We are playing by your rules. The science-based approach, as Justin from Canada says immediately following the steel tariff discussion.

      You Canadians should be happy. The U.S. opted to play by your rules this time.

      Liked by 1 person

    • Vincent cuomo says:

      Canada and Mexico are witting accomplices that is why they are so angry and Wall street is angry because they do not care about Main street or the American Worker.

      Like

  7. The hilarity of watching these Socialist defenders of “workers rights”. I absolutely LOVE Trump!

    Liked by 3 people

  8. RedBallExpress says:

    I am not sticking up for Canada’s position but they do have enormous aluminum production capabilities including Bechtel’s smelter in Kitimat, British Columbia. Canada has also been hurt by cheap Chinese aluminum imports. Don’t know what this all means.
    http://www.bechtel.com/projects/kitimat-aluminum-smelter-modernization/

    Liked by 3 people

    • Bastiat says:

      http://business.financialpost.com/news/economy/newsalert-canada-launches-global-trade-complaint-vs-u-s-over-use-of-duties

      “This isn’t going to calm passions in Montreal,” Warner said. “It’s almost like Canada is fighting this on behalf of the international community… I wonder why would you bring this complaint now.”

      This is the crux of the problem. Canada is selling out it’s own citizens for the globalists rather than team with the US.

      It is really too bad that Canadian citizens are, on average, as dumb as our progressives, because otherwise, they’d be howling right now at Trudeau.

      Liked by 4 people

    • wolfmoon1776 says:

      Trump is REVERSING China’s FAKE GLOBALISM.

      Liked by 2 people

      • Maquis says:

        China is indeed in for a very rude awakening.

        They can use all that extra steel to build more Ghost Cities.

        GBPDJT
        🇺🇸

        Liked by 2 people

        • Kerry_On says:

          China will need all that steel to build their new African empire. “A fool and his money… were lucky to get together in the first place”

          Like

          • Maquis says:

            Well, perhaps they can Make Africa Great, Finally. They have been quite over-confident, and, until Trump, not entirely without reason. With the substantial losses they will take, with the end of NAFTA alone, much of their resource grabbing adventures seems likely to be aborted.

            After all, who are they going to sell their crap to? Africans? As long as they are pursuing World Domination and building fake islands and claiming distant seas and building a military capability as aggressively as any entity on Earth ever, PDJT will continue to clip their wings and pluck their feathers.

            They are not as bright as they consider themselves to be.

            Liked by 1 person

  9. Keebler AC says:

    I may be wrong but that tweeter is confusing things. He mixes up steel producer with steel finishing into autoparts? A bilateral agreement is what is needed because Canada shares the same language and thusly is a net importer of netflix and stores like amazon, home depot, lowes and multitude of services online. The two countries are better served leaving dumping glot China behind. I wish Trudeau would wise up but that’s beyond expectations. Canada is not the enemy, it’s P.M. is.

    Liked by 1 person

    • Keebler AC says:

      Unfortunately, Trudeau is a globalist shill and he is not allowed to let go of Nafta. The globalists found in him the perfect fool to promote to higher office.

      Liked by 3 people

      • Maquis says:

        We’ll see how that works out for them. Soon.

        The dip. Without Chinese steel and aluminum drowning their own producers they could capitalize on their aluminum industry and build a steel industry. We’d be happy to buy the one and sell the other.

        Doofus can’t see any further than the Northern Border Wall that will be built in PDJT’s second term.

        Like

        • robins111 says:

          Canada ‘had’ an efficient operating steel industry, including, mining, shipping and refining, that was battered to death by both NAFTA and liberal environmental regulations. Interestingly the majority of steel mills and mines were owned by multi-national (Read American) conglomerates.

          As soon as the original Free Trade Agreement was signed, and the subsequent inclusion of Mexico into NAFTA we watched the production of raw steel and the followup production of finished products move off-shore.

          You won’t get too much complaining from most conservatives in Canada (We do exists) about the tariffs and any restrictions. It isn’t really causing any real financial burden on Joe Sixpack (Molson Export or Moosehead), and the only impact is going the effect our stock market. Another plus, is it exposes just how much of a monumental twit our Prime minister is.

          Liked by 1 person

          • Maquis says:

            Well, here’s hoping PDJT’s economic wizardry is contagious. Canada has vast resources and ought not be a Chinese vassal and illicit trade shenanigan cartel. I hope to see Canada restore her mining and processing capabilities also.

            If Canada wakes up, they can join the recovery from Globalism. PDJT wants us all to do well, our neighbors especially.

            Like

  10. Sedanka says:

    “Retaliation” from Canada. Best LOL of the day.

    Like

  11. Dennis Leonard says:

    Liked by 1 person

  12. Maquis says:

    Justin appears a little light in the neurons.

    Liked by 1 person

  13. Mickturn says:

    TOO BAD, SO SAD! Canada and Mexico have been scamming the US since the NAFTA crap was put in by Clintoon. I’ll bet a full audit of the Clintoon Foundation would reveal lots of money going to them from the perps. Time to end this backroom crooked deal where they get rich and we get screwed!

    Liked by 2 people

    • robins111 says:

      Canada (Read Trudeau) recently donated $250 million of taxpayers dollars to the Clinton Foundation, and when you do a little research you discover that Trudeau (Canadian Government) has donated over $800 million since he’s been elected

      Like

      • Maquis says:

        Wow. Wonder if he will get burned in the ongoing Clinton Foundation Investigation. A lot of global graft concentrated on appeasing the Clintons.

        Like

  14. NC Nana says:

    I have always taken a “math is tough for a girl” approach to anything in economics. No wonder I didn’t understand how things worked. The facts were hidden.

    Thank you for breaking it down Sundance. You are truly a blessing to Americans.

    God Bless you and President Donald J. Trump and all the brilliant people he has working for him. MAGAnificent!

    Liked by 3 people

    • NC Nana says:

      I was just reflecting how clear Sundance made this one aspect of economics and how easily I understood the information. Then I realized, all the years I couldn’t understand economics Justin Trudeau’s twin was my instructor. I listened to the video of him 3 times and still did not understand what he was saying about trade with the US. As Sundance says he was parseltongue twisting.

      Liked by 3 people

    • piper567 says:

      THANK YOU AdRem!
      You are The Best!!

      Like

  15. MainelyDoc says:

    I queried google: “Where are the steel mills in Canada?” I received a list of distributors and steel fabricators and NO steel mills. https://tinyurl.com/y8rs9kah

    Liked by 1 person

    • robins111 says:

      In Ontario, there are several in Hamiltion, and Sault St Marie, there were a couple more, Atlas Steel in Welland, closed in about 2005 (it was NATA’d to death) one of the mills in Hamilton, Stelco I believe about the same time and reason, there were several boutique mills, specializing in small runs of unusual grades of steel that disappeared roughly the same time.

      Like

  16. NOTevenAtadPC4U says:

    Well there you have it, China is not using Canada as a back door, and I heard the China boy is only storing his aluminum in Mexico because of the dry heat helps keep the aluminum shinny.

    Like

    • Deplorable_Infidel says:

      Aluminum oxidizes almost immediately when exposed to atmospheric oxygen, unless it is protected by some sort of barrier. that is why special grease like compounds were developed after this oxidation was found to be a contributing factor (along with the expansion rate when heated) of house fires that were caused by using aluminum wire (in the smaller 12-14 gauge sizes) in homes in the late 1960’s into the 1970’s.
      It will oxidize in the rain forest or the desert. That super thin oxide protects it from further corrosion, unlike iron or steel (unless it is alloyed)

      Liked by 2 people

  17. Johnny says:

    The point is, they all want to sell to the American market.

    Key word American market. If we decide to buy our products from American companies producing it here inside America, instead of a communist country selling us junk, that is our choice.

    It is our country, and WE decide where to buy. If Mexico, Canada, and China do not like it they can go piss up a rope.

    It is about time someone started telling the world, it is our country not yours. MAGA

    Liked by 1 person

  18. Orville R. Bacher says:

    The old “squeaky clean Canada” canard. Canada imposed a 150% tariff on US made gypsum wallboard BEFORE the US softwood lumber tariff was imposed. This, despite the fact that US gypsum manufacturers already faced a 20-30% currency discount on their products. Canada is no free trader and cozies up to the Chinese. One of their largest retailers should rename themselves, “Chinese Tire”.

    Liked by 2 people

  19. moray watson says:

    Asking as a Canadian, please President Trump, keep the pedal to the metal. It would be wonderful if Canada had a steel industry again. It would require, work and capital and competition; and that is the stuff that builds nations.

    Liked by 2 people

  20. notvicchanko says:

    Think bigger. Remember that we are talking about Trump here. I think that there are more dimensions to this. Here’s my summary:
    1. The obvious objective is to punish trade cheaters and make US native steel competitive
    2. Negotiating pressure to get to a fair NAFTA or, alternatively, secure trade insurance if we walk away
    3. Escalate pain on China as punishment for their helping to circumvent sanctions on North Korea without overtly and publicly embarrassing them thus allowing them to save face
    4. In addition to the obvious benefits of the domestic Corporate tax rate reduction it also “prepares the field of battle” by giving affected foreign steel makers an attractive option to continue access to the huge US market. Just build a plant here and hire Americans.
    5. Finally, there is a glaring national security benefit to supporting domestic production of strategically important products and materials vis a vis China and Russia in particular.

    Like

  21. Sam says:

    That is whole point we should have a surplus with Canada .. Cause they do not MAKE raw steel…. But why are they and Mexico our largest steel exporters ..because it is Chinese steel.

    Why is our steel industry dying when we consume more steel than any other nation.

    China floods the market they produce more Steel then the whole world combined.

    Like

  22. Sunshine says:

    One tiny but important error: Canada does make raw steel.

    http://www.thecanadianencyclopedia.ca/en/article/iron-and-steel-industry/

    Like

  23. ATheoK says:

    That sounds like you are describing raw steel. What is not in that total are steel goods, both finished and partially finished.

    Canada may also import steel building product from U.S.A., e.g. Girders and heavy plate.

    Nor would steel products from China be included in that estimate.

    Then, there is the clerk collecting that information… Meaning, the majority of that export/import is derived from customs form; I.e. Simple descriptions, not.comprehensive explicitly detailed lists.

    Last, no other country, especially closed autocrat countries allow explicit details to be shared with competitors or possible opponents.

    Like

  24. mitrom says:

    Excellent article and analysis, Sundance! I’ve been watching Fox News and they are just spewing disinformation. But the average American knows that we have been getting screwed with the trade deals and losing a lot of jobs.

    Like

  25. Mike says:

    This will interfere with Trudeau’s plan to sell Canada to the Chinese and abscond with the money, like he did with the entire Canadian gold reserve.
    Canadians should be thanking Trump, sadly, the majority of Canadians are a bunch of smugly brainwashed urban idiots.

    Like

  26. jhorn85 says:

    I don’t understand the connection between the two. I get why to exit NAFTA due to the fatal flaw. Why not just exit NAFTA and not impose the tariff? Why do we need the tariff if we can exit nafta and close the backdoor to us markets?

    Like

  27. NewfTea says:

    All this panic about steel and aluminum. I suspect it’s part of Trump’s broader strategy.

    Trump has said that his goal is to pass a $1.5 trillion infrastructure bill. We haven’t seen the push for that yet. Why?

    Because as sure as the sun comes up in the East, Congress, continuing a long-standing fine tradition, will pack such a bill with graft. Trump is no doubt counting the professional politicians’ insatiable greed to pass such a law, partisanship notwithstanding.

    The #1 infrastructure material you can’t build anything without? Steel.

    And as demand for steel skyrockets, steel mills will come to life. It could very well be why Trump is playing things this way.

    Like

    • Deplorable_Infidel says:

      “Trump has said that his goal is to pass a $1.5 trillion infrastructure bill. We haven’t seen the push for that yet. Why?”

      Probably a number of reasons. Timing has a lot to do with it.
      PDJT has to tweet his message & intentions out to America have give time for it to “sink in”. You have dimms, RINOs, etc in your way.as well as unforeseen events like school shootings that have to be dealt with.

      Along with stomping out the little distractions like Rob Porter and Hope Hicks. Who knows what the media will come up with next week (Carl Ichan, perhaps?).

      Like

  28. Justin from Canada sure don’t know much about economics, but the boy sure can dance!

    Like

  29. OldSaltUSNR says:

    The Chinese ship steel and other metals at a loss to build their international steel business monopoly.
    Mexico and Canada manufacture product using market beating Chinese metal prices, dominating their segment of the manufacturing market.
    US Companies buy deeply discounted Mexican and Canadian manufactured products, or even produce their entire product (e.g. auto’s) in those countries, raking in huge profits.
    NAFTA was enacted by the Clinton Administration, benefiting all three above.. B&H Clinton’s “non-profit’ foundation rakes in $100M’s in donations from multinational companies. (Yes, the GOP-e supported it and kept the ball rolling all these years …).

    It’s a four-fer, WIN-WIN-WIN-WIN! How could any sentient being object?

    Well, there’s Detroit, and there’s Flint, and there’s tens of thousands of closed business and factories scattered throughout the cities of the USA. Winning for them, not so much.

    I’ve always supported free and unrestricted trade, including immigrant tech VISA’s, even though it was direct competition against my career, a dagger at my through which his immeasurably harmed me economically throughout the past 40 years. I believe in the principle. It’s crucial to free market economies.

    However, the H1B program was corrupted into a “make Democrat supporting job shop and tech companies rich” program. NAFTA was corrupted into “make Chinese, Canadian, Mexican, and selected American companies rich” program. The only one’s who lost were individual American citizens, who are a “dime a dozen”, i.e. worthless in the big picture of “how to make US politicians rich after four or six years in Congress, every single time…”.

    Trump should just kill NAFTA, period. Then negotiate. It’s our market, it’s our country, and our rules. If Canada or Mexican politicians try to play politics with trade, end negotiations. Put a 100% tariff on everything that walks, talks, crawls, steams, rolls, or flies out of those countries. Ignore China altogether; just add tariffs.

    If they come back to negotiate free trade, great, we’re open for business. If not, that Chinese aluminum can remain in Mexico for 1000 years. Or, offer to buy it a penny on the dollar, and use it to build a fence somewhere ….

    Like

  30. wondering999 says:

    If somebody already posted about Liu Zhongtian I missed it. I wasn’t familiar with the name and went to look him up. This says Mr. Zhongtian resigned from his aluminum company in November 2017?

    https://www.forbes.com/profile/liu-zhongtian/

    “Liu Zhongtian is the founder of Hong Kong-listed aluminum products manufacturer China Zhongwang Holdings.

    “Liu resigned as chairman at China Zhongwang due to “personal health reasons” in Nov. 2017.

    “Zhongwang USA, majority owned by Wang, in Nov. 2017 ended a deal to buy aluminum processor Aleris, citing U.S. regulatory uncertainty.

    “In September 2016, Liu denied reports that his company might be dodging U.S. tariffs by storing a reported 6% of the world’s aluminum in Mexico.”

    Like

    • Deplorable_Infidel says:

      Supposedly leaving other family members in control.
      That is sort of what like HRC said that she was planning to do (after her coronation) with the Clinton Corruption Foundation.
      Turn it over to Web Hubble’s daughter, Chelsea.

      Liked by 2 people

  31. Pyrthroes says:

    Go get ’em, DJT! Recall Clint Eastwood in 1965 (is 53 years even possible?): “My mule don’t take kindly to bein’ shot at. … (To the carpenter): “My mistake, four coffins.”

    Like

  32. colddeadhandsyoudirtyape says:

    Interesting graph. Canada largest import of Steel is from the USA? What am i missing?

    https://www.trade.gov/steel/countries/pdfs/2016/q3/imports-canada.pdf

    Like

  33. chbailey says:

    Really interesting and insightful analysis and comments of present day Canada here:
    https://theweichertreport.com/2017/01/24/will-alberta-secede-from-canada-ask-the-wildrose-party/
    […] Should the Wildrose Party continue on its meteoric electoral rise (as I suspect they will), we can expect the Albertans to increasingly look toward secession as a viable option.

    Like

  34. jameswlee2014 says:

    Here is reality for Canada and Mexico; GDP by trillions of dollars
    Canada: 1.53
    Mexico: 1.14
    California: 2.45

    The icicleheads can complain all they want. The are economically insignificant. Same with Mexico.

    Like

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