maybe he and china are not getting along as well as he wished, so he has not enough foreign markets to sell to

i was talking to someone high up in credit suisse London... and the UK arm cant deal with russia... so they set up a meeting that coinsides with a russians meeting in switzerland... they arent allowed to set the meeting up directly.. but if they find each other in switzerland its "not against the rules"

@Grenade123 Maybe trumps tarif war with china is making them up the prices with russia

you mean to tell me tariffs are helpful to no one? who knew

well it goes both ways.... Russia is dying to sell to china.. so a trade war with china-us is good for them

true, but can they supply what china is losing to US?

russia says they are "ready with their piggies"

i'll see it when it happens, NK is also ready with their skeleton piggies :p

theyll not be like them belgian blue's eh?

but selling is not the problem, its buying. Tariffs raise the price of goods from china. china can't sell those things as easily, so they need to sell elsewhere, presumably where they were not making as much money. so they raise prices there. which if they were selling to russia, means now prices in russia are raising.

yes, and hence, they're calling for no more trade wars, so that doesn't go up

exactly. we impose tariffs, so prices raise EVERYWHERE

including here

wait wait wait....does this mean trump is technically winning his trade war?

well, the idea is

That if the prices in US are higher, some company will rise to fill the market with a better price, so the production is based in America, and prices no longer rise in the US

as well as more jerbs

thats not how it works

or, both sides then agree to drop tariffs again, so that the US can export more

Cuz as i understand it, the US demanded 0 tariffs, but China did demand it

it isnt?

if you could make enough steel, at the same or lower price as foreign imports, then they would be. Because just the cost of shipping means local industry should have advantage assuming they can go toe to toe in production volume at the same cost.

ive only seen good vibes and words spoken about TB on twitter and in twitch chat... which the latter is a real rare one

TB left us without an answer to the Trap question!

so if you artificially raise the cost of foreign imports of that steel, prices can only raise for a few reasons 1) at first there is less supply at that lower costs at first, so we have price increases almost like there was a shortage until the lowest cost produces increase production to take up the slack. Which can take a couple of years. but even then, the prices will not fall back to before the tariff.

whats worse, if you ever lift the tariff, then suddenly those produces who just increased production are now having less demand, because they are expensive now. so now they need to downside, which leads to a bunch of people getting fired, now they need to find work, and they might not have the skill set

the only thing that happens when you are winning a trade war is that your costs increase **the least**

but they do increase

yes

thats more detailed of what i said wasnt it?

the ultimate goal of a tariff war is to screw over your competition

at the cost of your own people

yes

thats why its a tariff WAR

the price of things doesn't mean its more valuable, it just means you need more of your currency to buy it. so in effect, all you do is devalue your own currency

a war that has a high risk of destroying your own local industry.

unlike a real war where you can just bomb the enemy production and defend yourself physically.

well i think the idea behind this one is that the local industry is non-existant because they all moved to cheaper nations for production

and they moved for a reason

yes, because it was more profitable

so with no local industry (cuz they moved), i think that way Trump is either gonna get a better deal for america, or force a local industry to be created

it was cheaper to make, meaning they can sell for less, meaning more people buy. meaning they make more profit. that is a net benefit for everyone involved. Because if we are importing that good, it means moved from making that product, to consuming it to make a different product.

so by that being made cheaper elsewhere, those industries that use it, can product their stuff for cheaper, meaning they get more profit with cheaper product, meaning they can expand, and we get more jobs