[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

https://www.breitbart.com/big-hollywood/2018/09/25/jimmy-kimmel-suggests-cutting-brett-kavanaughs-penis-off/

OBAMA DECLARED MARTIAL LAW/COG PROVISIONS BEFORE LEAVING OFFICE! CIVIL EMERGENCY STILL IN PLACE A parallel shadow government is working directly against Trump & American people – Trump must declare new emergency to override “civil emergency” now in p

Be sure to vote – Ha!

Actor James Woods bashes Twitter after getting locked out

Handling an AGW (Armed Government Worker)

MICHAEL MOORE’S ANTI-TRUMP FILM BOMBS AT THE BOX OFFICE. THE NUMBERS ARE HORRIFIC

IDEN GAVE A LENGTHY ENDORSEMENT OF KAVANAUGH ACCUSER UNTIL ONE QUESTION CAUSED HIM TO WALK AWAY

Kavanaugh will use 1982 calendar to deny sex assault claims

Christine Blasey Ford’s Classmate (Quickly) Changes Her Tune

Criminal Charges for North Carolina Woman Who Sheltered Pets During Hurricane Florence

enate Democrats Investigate a New Allegation of Sexual Misconduct, from Brett Kavanaugh’s College Years

Russian MoD Presents IL-20 Investigation Results - Israel "Crossed The Line Of Civilized Relations"

We need to talk frankly about our rapid population growth in Africa if we want to beat poverty

Beto O’Rourke: “I Did Not Try To Leave The Scene Of The Accident”

LMFAO 🤣WHEN TRUMPS SPEAKS WE ALL LISTEN ... THIS JIVE A$$ TALKING TURKEY SHADY FOOL IS NOW A HAS BEEN FROM HOPE - CHANGE --- TO NOPE - DERANGED!

BREAKING: Christine Blasey Ford's Female Witness Doesn't Remember Anything

Ron Paul Tells Truth On Syria - Immediately Smeared

Ron Paul Tells Truth On Syria - Immediately Smeared

Ron Paul Tells Truth On Syria - Immediately Smeared

Medea Benjamin Shows America What Real Resistance Looks Like (consistently non-interventionist)

Former Trump Aide Jason Miller Accused of Secretly Administering Abortion Pill

Alex Jones “I’m Ready to Die” - Exclusive Interview After Being Banned

The White House is considering an antitrust investigation into 'online platform bias' at Google and Facebook — read the leaked document here

PayPal Cuts Off Alex Jones’s Infowars

Rosenstein suggested he secretly record Trump and discussed 25th amendment

Chelsea Clinton’s Abortion Claim Sounds Like Something Hitler Might’ve Said

Why Are We in Media Hell?

Trump's "Opposition" Supports All His Evil Agendas While Attacking Fake Nonsense

What Democrats Have Become; Brett Kavanaugh is a casualty of an anything-goes political resistance.

BREAKING: FORMER SCALIA LAW CLERK Drops Pictures and Evidence That Blows Christine Ford’s Case Wide Open

President Trump to North Carolina resident: 'At least you got a nice boat out of the deal'

Censorship and Propaganda in the Gulf War

Former Admitted Groper Cory Booker Says, ‘It Would Be Irresponsible Not To’ Consider 2020 Presidential Run

Laugh of the Day

Three Cheers for Price Gouging During Hurricane Florence

FEMA: Trump administration will send ‘presidential alerts’ to cellphones across America

Young Christine Blasey Ford remembered as popular figure in Dewey Beach bar scene in 1980's

Kavanaugh accuser Christine Blasey Ford's team lays out terms it wants for potential Senate interview, sources say

Are Social Media Companies Banning Because Of What Happens In "Real World"? (Face to Face, not online)

COURT DOCUMENTS: Sherrod Brown’s Ex-Wife Accused Him of Assaulting Her

Trump advised Spain to build wall across Sahara to stop migrants

Republicans may 'compel' testimony from Fusion GPS researcher Nellie Ohr, ex-FBI official James Baker

Pope Francis says the devil is causing people to question the Catholic Church

'Family Values' Senator(R) Sentenced to 15 Years for Child Sex Trafficking and Child Porn

Beto O’Rourke to Black American: Illegal Immigrant Labor Needed for Cotton Gin

Kavanaugh Accuser’s Classmate Backs Off Claim She Heard About Alleged Assault

Grassley Ltr to Feinstein Re UNREDACTED Ltr of Christine Blasey Ford (19 Sep 2018)

Pelosi, Schumer, Schiff, Warner Write Letter to Rosenstein, Wray Demanding They Withstand Pressure to Violate DOJ and FBI Norms

Huh. Democrats really don’t want those Carter Page FISA docs released

BOMBSHELL: Comey’s FBI said to have kept TWO sets of records regarding ‘Spygate’ operation


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: American Aluminum Manufacturer Seeks Relief From Tariffs Meant to Help American Aluminum Manufacturers
Source: Reason
URL Source: http://reason.com/blog/2018/08/10/a ... luminum-manufacturer-seeks-rel
Published: Aug 10, 2018
Author: Eric Boehm
Post Date: 2018-08-13 08:10:32 by Deckard
Keywords: None
Views: 48
Comments: 3

WADE PAYNE/REUTERS/Newscom

Alcoa, one of the largest American manufacturers of aluminum, is asking the government for relief from tariffs that were supposed to help American aluminum manufacturers.

It turns out that businesses that make aluminum also have to buy things made of aluminum—and those purchases are now more expensive, thanks to Donald Trump's 10 percent tariff on aluminum imports.

Alcoa filed five requests for tariff exemptions with the Commerce Department this week, Bloomberg reports. Three of those requests are for types of aluminum that the company says are not available from American suppliers, and two are for aluminum products that are not produced in sufficient quantity by domestic sources. The Pittsburgh-based company wants exemptions so it can import those products and components from a Canadian subsidiary.

Higher production costs created by tariffs have already forced Alcoa to lower its 2018 profit projections. "The company said in its second-quarter earnings report that it incurred $15 million in costs on material shipped to the U.S.," Bloomberg notes in a separate article.

Alcoa's request for protection from Trump's protectionism reveals one of the critical flaws in the White House's plans to use tariffs to boost domestic production of aluminum (and steel, on which the administration has placed a 25 percent tariff): There simply isn't enough American-made aluminum to satisfy the demands of American aluminum-consuming businesses.

"Even if all the curtailed smelting capacity in the U.S. was back online and producing metal, the United States would still need to import the majority of its aluminum," Tim Reyes, president of Alcoa's aluminum operations, tells The Wall Street Journal.

But the point of the tariffs is to create demand for more domestically produced aluminum, right? Trump has repeatedly claimed that the tariffs are already reinvigorating American steel factories. "Tariffs have had a tremendous positive impact on our Steel Industry," he tweeted this week. "Plants are opening all over the U.S., Steelworkers are working again." Surely the president believes the same will happen for aluminum. If there isn't enough supply, investors will spend to build more aluminum and steel plants here.

Except that's not what's happening.

"In the short term, tariffs are more likely to bring older, relatively inefficient steel plants back online than to stimulate new long-term investments, for the simple reason that the president could withdraw the tariffs at any moment," Soumaya Keynes writes in The Economist.

Trump's unpredictable trade policies are unlikely to give investors the confidence required to build more steel or aluminum plants in the U.S., and expanding production domestically would duplicate operations that are already set up and running in other places. Rather than spending to build more production here, companies like Alcoa are looking for ways to get around the tariffs or will end up having to absorb—and pass along to consumers—those higher costs. (1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Deckard (#0)

"Even if all the curtailed smelting capacity in the U.S. was back online and producing metal, the United States would still need to import the majority of its aluminum," Tim Reyes, president of Alcoa's aluminum operations, tells The Wall Street Journal.

Is that because after years of tariff-free aluminum imports, US production capacity has deteriorated, or is it because aluminum mines don't exist in the US?

No one should expect US aluminum production capacity to be able to instantly ramp up enough production to satisfy new demand. The increased costs to Alcoa should inspire more US production of needed aluminum to come on line.

Pinguinite  posted on  2018-08-13   9:57:04 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#1)

https://en.wikipedia.org/wiki/Aluminum_industry_in_the_United_States

Vegetarians eat vegetables. Beware of humanitarians!

CZ82  posted on  2018-08-13   10:38:56 ET  Reply   Trace   Private Reply  


#3. To: Deckard (#0)

Alcoa is #NeverTrump suffering from TDS. Hillary lovers. /s

hondo68  posted on  2018-08-13   16:17:40 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com