| If we are going to have a cohesive world trade | | | | is a lot cheaper, it's a problem. But we do have too |
| organization, and maintain civility, transparency, and | | | | much power with our unions and old industries with a |
| fairness, then we are most likely going to have to be | | | | strangle-hold on politics, this jeopardizes free-markets |
| a little more careful in the future. We cannot and | | | | and trade, especially with steel. This administration |
| should not engage in trade wars, which lead to | | | | and the last, and the prior to that have all engaged in |
| political impasse and hurt commerce, or even lead to | | | | protectionism, like our trading partners, so I agree. |
| unrelenting and lasting disputes, or war. | | | | On the issues of tires, many were knock-off brands, |
| The United States felt it had no choice but to put | | | | inferior, and not up to par with US tire safety |
| tariffs on Steel and Tires coming from China, claiming | | | | standards, amongst other issues such as the rock |
| China was dumping on US Markets, that is to say | | | | bottom prices being sold into the US Markets. Next, I |
| selling at below costs. The Chinese retaliated with | | | | asked Giraldo what he thought about the BRIC |
| tariffs on frozen chickens. Not long ago, I was | | | | Nations; Brazil-Russia-India-China and their push to |
| discussing trade wars and how they escalate with a | | | | de-thrown the US Dollar as the World's reserve |
| US-Russian post cold war scholar, Jesse Giraldo, who | | | | currency. Jesse stated; |
| has an interesting perspective on such issues and so | | | | The real danger here though is not if it will happen, I |
| I asked him, "What are your thoughts on steel pipe | | | | think most analysts agree by now that this is the |
| dumping and that trade war fiasco brewing?" | | | | future we are going to have to deal with but how |
| Giraldo stated; as for China saturating our steel | | | | this will affect U.S prominence. China pushing for the |
| industry the issue seems to stem from basic market | | | | Yuan as a global reserve currency is going to change |
| mechanics. If there is a demand for steel in a | | | | things dramatically but I think the BRIC itself, the fact |
| particular region, U.S or otherwise, suppliers move to | | | | that these countries have identified a common |
| fill that gap. If we don't want foreign competition to | | | | interest and are working together is the bigger issue |
| undercut our domestic business profit margins then | | | | at hand in the long term. |
| we can simply petition to tariff their imports. | | | | To this, I'd have to say I concur, and thus, it is my |
| Okay, this is a good point and yet the steel is | | | | hope that you too will wake up to what is going on |
| inferior, the iron ore used is not as pure, nor are their | | | | out there, as these issues do indeed affect us all. |
| processes comparable, it's a problem, and although it | | | | |