we had to mitigate for chinses drywall in 64 MF units. Of course they had 12' ceilings....part of the bankruptcy workout, just glad I got out with no personal liability.
this thread reminds me of this story where California chose to bypass federal funds because the grants didn't make up for the requirement to use US Steel. Hope the bridge is doing better than the rest of the massive Chinese infrastructure projects that are crumbling in 10 years or less due to material deficiencies. The interesting thing about how China could do it was cheaper is they had the industry to scale and wouldn't ahve to expand to meet the demand California Turns To China For New Bay Bridge : NPR The decision to outsource the fabrication of key sections of the Bay Bridge was made about five years ago, when a contractor offered alternate bids on the project, says Tony Anziano, a manager at the California Department of Transportation. "One proposing to do work domestically, one proposing to do the work internationally: There was a $400 million differential in that bid, and in that case it would have required the work to go international," he says. California avoided legal requirements to use domestic steel by not using federal funds for the job. The steel contract went to a state-owned Chinese company, Shanghai Zhenhua Heavy Industries, which had several advantages: modern production facilities, ships to deliver the steel and, of course, low-cost labor. A Chinese steel polisher makes about $12 a day. ........................... It wasn't just the cost of labor that made Chinese steel more attractive, Anziano says. He says American steel fabricators don't have the capacity for a job like the Bay Bridge. When union and industry groups questioned the quality of the Chinese steel, Anziano says, the state and the contractor sent more than 200 people to China to watch over the fabrication process.
Believe it or not, I don't have an opinion......because, unlike most of you with one, I know very little about economics in general and tariffs in particular. I do believe what Biden proposes is what he thinks is best for the country. Whether it would be, I don't know.
read 0 posts. Terrible, terrible idea. Trump's steel tariffs were shit & this is just pissing on top of that shit. why in god's name would you want to make an important input cost more??? DUMP HERE PLEASE should be our motto! https://carnegieendowment.org/chinafinancialmarkets/83746 A January 2021 study commissioned by the U.S.-China Business Council (USCBC) claims that former president Donald Trump’s trade policies cost the United States 245,000 jobs. As a Reuters news report put it, the USCBC claimed that “a gradual scaling back of tariffs” could help stop the bleeding, while also arguing that a failure to do so would lead to even greater job losses and more sluggish growth. But while I have long argued that Trump’s approach to trade harmed the U.S. economy more than it helped, this is mainly because these trade policies were based on obsolete ideas about how trade works and because they ignored the fundamental sources of the U.S. trade imbalances. As Matthew Klein and I argued in Trade Wars are Class Wars, bilateral tariffs on Chinese goods do nothing to change the income distortions in China that spurred the country to run huge surpluses and export its deficient levels of domestic demand. Nor do such tariffs address the mechanisms that send these demand deficiencies to American shores. As a result, even if Trump’s tariffs were to succeed in reducing the U.S. bilateral deficit with China, they would simply cause the U.S. deficit with the rest of the world, along with China’s surplus with the rest of the world, to rise by at least as much.
you sound surprised. Trump is leftist as shit, no? Of course, dem's didn't rescind his commie policies. Pelosi had an Orgasim on video when he passed New Nafta, aka, welfare jobs program. wanna see?
Love it! Back to the roots of the roots of the Democratic Party. Tariffs are simply taxes on American consumers that redistribute wealth from consumers to US Steel owners and workers while collecting some tax. Nothing else. Better uses of tax money generally.
Bill Bishop of Sinocism with the first detailed contextual analysis I have seen. Alas, this particular post is for paying subscribers only, of which I am not. If anyone has a paid subscription and is is inclined to excerpt or summarize, I’m interested. But it nonetheless gives the complete context of bilateral relations this tariff should be evaluated as part of. US trade actions; TikTok bill may pass in days; US-Philippines exercises
I'm so sorry that you feel the need to go out of your way to not buy Asian product, sir. Have you sought treatment to deal with your blatant racist and xenophobic ideologies?
Me too but …… just sold my HD Heritage and am looking for something smaller and more “funner”. I’m intrigued by CFMOTO, especially the 700CLX but wish they had something with a litre displacement to address the fun factor.
