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Thread: Trump touts falling aluminum prices after tariffs

  1. #1

    Trump touts falling aluminum prices after tariffs

    U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
    The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
    “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”

    More at: https://www.foxbusiness.com/politics...-after-tariffs
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    Last edited by Swordsmyth; 04-06-2018 at 06:32 PM.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  3. #2
    Bauxite production is relevant to the cost of aluminum more than politics....


    https://www.mining-technology.com/fe...ucers-4274090/

  4. #3
    I do not really use aluminum but I used to sell it . I do still buy and sell some copper, nickel and lead. I usually know about what current copper price is but I really do not pay much attention to aluminum.

  5. #4
    Oh, look. Mr. I Don't Sell Trump is sending out mass spam.

    Four percent. Who the $#@! cares?
    Last edited by acptulsa; 04-06-2018 at 06:53 PM.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.
    Quote Originally Posted by Swordsmyth View Post
    I didn't vote for Trump.
    A POX ON BOTH YOUR PARTIES

  6. #5
    And yet dire predictions of higher prices were made nonetheless.

    Almost as if... they didn't know wtf they were talking about and were just regurgitating a hypothesis that is not anywhere near as relevant to the real world as they thought.

  7. #6
    Extra extra read all about it. Tax increases now lead to price drops. I mean, make it more expensive for people to buy a product and the price just drops.

    How can u people be so foolish. And even prices drops, they dropped inspite of the tariffs and were going to drop anyway.

    https://www.fastmarkets.com/base-met...es-and-charts/
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  8. #7

    Mission Accomplished - Don't Bet On It

    Quote Originally Posted by Swordsmyth View Post
    U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
    The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
    “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”

    More at: https://www.foxbusiness.com/politics...-after-tariffs
    Dead cat bounce. Give it time, way too soon to see all of the horrific effects yet.



    If anything goes wrong, I'll fire someone.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?

  9. #8
    Still eleven percent higher than a year ago. Prices rose in anticipation of the tariffs.

    Last edited by Zippyjuan; 04-06-2018 at 07:38 PM.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    Quote Originally Posted by Swordsmyth View Post
    Yes, that is the new tactic from all the trolls.
    They just assert lies over and over no matter how often they are exposed.
    I am Zippy and I approve of this post. But you don't have to.



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  11. #9
    Quote Originally Posted by Zippyjuan View Post
    Still eleven percent higher than a year ago. Prices rose in anticipation of the tariffs.
    Panic buying, now the price is dropping again.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  12. #10
    Quote Originally Posted by Swordsmyth View Post
    Panic buying, now the price is dropping again.
    But not to as low as it was. Prices are still higher.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    Quote Originally Posted by Swordsmyth View Post
    Yes, that is the new tactic from all the trolls.
    They just assert lies over and over no matter how often they are exposed.
    I am Zippy and I approve of this post. But you don't have to.

  13. #11
    Quote Originally Posted by Zippyjuan View Post
    But not to as low as it was. Prices are still higher.
    It took time to rise and it will take time to drop.
    Also there are other factors involved in setting the price.
    The fact is that the doom and gloom predictions are not happening.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #12
    Quote Originally Posted by Zippyjuan View Post
    But not to as low as it was. Prices are still higher.
    Not enough for my beer can recycling to fund my retirement. MAGA.

  15. #13
    Quote Originally Posted by phill4paul View Post
    Not enough for my beer can recycling to fund my retirement. MAGA.
    New reality: selling aluminium beer cans to pay for our retirement #MAGA
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  16. #14
    Quote Originally Posted by juleswin View Post
    New reality: selling aluminium beer cans to pay for our retirement #MAGA
    Reality. Government employees won't have to. Join the government. Good times!

  17. #15
    Consider this , West Texas Light oil is at 62.06 , Copper at 3.05 and wholesale gasoline at 1.95 . If the economy was growing significantly or was expected to I would expect those numbers to be much higher . I never expected tariffs to have any significant impact on pricing . You can run a company or you cannot .
    Do something Danke

  18. #16
    Quote Originally Posted by juleswin View Post
    Extra extra read all about it. Tax increases now lead to price drops. I mean, make it more expensive for people to buy a product and the price just drops.

    How can u people be so foolish. And even prices drops, they dropped inspite of the tariffs and were going to drop anyway.

    https://www.fastmarkets.com/base-met...es-and-charts/
    You are linking the price for aluminum in London which is not conducive to the price in the USA. You graduated from the school of Zippyjuan...
    I just want objectivity on this forum and will point out flawed sources or points of view at my leisure.

    Quote Originally Posted by spudea on 04/20/16
    There won't be a contested convention
    Quote Originally Posted by spudea on 05/30/17
    The shooting of Gabrielle Gifford was blamed on putting a crosshair on a political map. I wonder what event we'll see justified with pictures like this.



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  20. #17
    Quote Originally Posted by phill4paul View Post
    Reality. Government employees won't have to. Join the government. Good times!
    That is why I got into healthcare. Medicare and medicaid is essentially responsible for my pay. Thank you socialized medicine
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  21. #18
    Quote Originally Posted by spudea View Post
    You are linking the price for aluminum in London which is not conducive to the price in the USA. You graduated from the school of Zippyjuan...
    You mean to tell me that the chart in pound and dollar is the London market? I just got that from google search and assumed that the chart in dollar referred to US market. Maybe you can link me to a chart that reflects the US market cos I am just confused.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  22. #19
    Quote Originally Posted by juleswin View Post
    That is why I got into healthcare. Medicare and medicaid is essentially responsible for my pay. Thank you socialized medicine
    Way to go Tax Tick! You're to be commended!

  23. #20
    http://www.kitcometals.com/charts/al...cal_large.html

    Found this site with charts. Looks similar to the previous one I posted.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  24. #21
    LOL Just like his tax reform - immediate response by the market!

    Lets take a look at prices in a few weeks/months, and then lets see whose fault it is when prices creep up... (then again, if production halts, aluminum may be pennies for a pound)


    Hey! Nobody gets out of this one - this next bubble's gonna be yuuuge. We'll be so fking sick of winning, I guess we'll be losing.

    ...And the brown motherfkers out east better start preemptively spreading democracy in a hurry, 'cause 'merica's gonna have her self a bubble war. Check it!


    Hope I'm wrong.

    Gulag Chief:
    "Article 58-1a, twenty five years... What did you get it for?"
    Gulag Prisoner: "For nothing at all."
    Gulag Chief: "You're lying... The sentence for nothing at all is 10 years"



  25. #22
    Quote Originally Posted by juleswin View Post
    Extra extra read all about it. Tax increases now lead to price drops. I mean, make it more expensive for people to buy a product and the price just drops.

    How can u people be so foolish. And even prices drops, they dropped inspite of the tariffs and were going to drop anyway.
    Stop baffling them with sound reasoning.
    "Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

    -H. L. Mencken

  26. #23
    Quote Originally Posted by Swordsmyth View Post
    U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
    The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
    “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”

    More at: https://www.foxbusiness.com/politics...-after-tariffs
    @Aratus

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    @Jamesiv1
    Thanks for including me in your big, life moment, and congrats on 4 %.

    Edit:

    Last edited by bunklocoempire; 04-06-2018 at 08:26 PM.
    Fear of man will prove to be a snare, but whoever trusts in the LORD is kept safe. Proverbs 29:25
    "I think the propaganda machine is the biggest problem that we face today in trying to get the truth out to people."
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  27. #24
    Still no one can tell me whether Trump's "proclamation" of tariffs carried any legal weight or whether it was more fake news.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

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  29. #25
    Neat. Thanks for letting me know?
    Support Justin Amash for Congress
    Michigan Congressional District 3

  30. #26
    Quote Originally Posted by Swordsmyth View Post
    U.S. aluminum prices are dropping, despite a 10% tariff imposed by President Donald Trump on the metal in early March intended to protect U.S. companies and allow for the creation of new manufacturing plants, one of his main promises during the 2016 presidential election.
    The president touted the falling aluminum costs -- down 4% from when the White House first announced the tariffs -- on Twitter early Friday morning.
    “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not!” he wrote. “Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”

    More at: https://www.foxbusiness.com/politics...-after-tariffs
    @Aratus

    @TheTexan

    @dannno
    @acptulsa

    @specsaregood

    @oyarde

    @Intoxiklown

    @devil21

    @heavenlyboy34
    @angelatc

    @CaptUSA

    @Brian4Liberty

    @r3volution 3.0

    @enhanced_deficit

    @timosman
    @ARealConservative

    @nobody's_hero

    @Superfluous Man
    @axiomata

    @Origanalist

    @bunklocoempire

    @CCTelander

    @Madison320

    @The Gold Standard

    @Voluntarist

    @Matt Collins

    @thoughtomator

    @RonZeplin

    @undergroundrr

    @kahless

    @TheCount

    @Krugminator2

    @Nickers

    @kcchiefs6465

    @Ender

    @The Rebel Poet

    @AZJoe

    @phill4paul

    @osan

    @donnay

    @Danke

    @ProBlue33
    @angelatc
    @Anti Federalist

    @goldenequity

    @spudea

    @juleswin

    @Raginfridus

    @The Northbreather

    @Pauls' Revere

    @fcreature

    @georgiaboy

    @johnwk

    @Gumba of Liberty

    @charrob

    @Brett85

    @EBounding

    @Sonny Tufts

    @RJB

    @PierzStyx

    @presence

    @rpfocus
    @AuH20

    @VIDEODROME

    @tod evans

    @brushfire

    @NorthCarolinaLiberty

    @Dforkus

    @Kilrain

    @Jamesiv1
    As if a million $#@!s cried out in terror and were suddenly silenced...

  31. #27
    Quote Originally Posted by devil21 View Post
    Still no one can tell me whether Trump's "proclamation" of tariffs carried any legal weight or whether it was more fake news.
    “The role of the god-emperor is to make Law, interpret the constitutionality of public and private activity, and inform the public of public opinion via social media.” - New American Post-Trumpbama Constitution, Article I, Section I, Subsection A, Title 1a.
    Last edited by The Rebel Poet; 04-06-2018 at 08:30 PM.
    ΟΥ ΓΑΡ ЄCΤΙΝ ЄξΟΥCΙΑ ЄΙ ΜΗ ΥΠΟ ΘЄΟΥ

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  32. #28
    I feel so special.
    There is no spoon.

  33. #29
    Quote Originally Posted by The Rebel Poet View Post
    “The role of the god-emperor is to make Law, interpret the constitutionality of public and private activity, and inform the public of public opinion via social media.” - New American Post-Trumpbama Constitution, Article I, Section I, Subsection A, Title 1a.
    "You must spread some Reputation around before giving it to The Rebel Poet again"
    "Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

    -H. L. Mencken

  34. #30
    Quote Originally Posted by juleswin View Post
    http://www.kitcometals.com/charts/al...cal_large.html

    Found this site with charts. Looks similar to the previous one I posted.
    honestly I've forgotten what we are going back and forth about. The chart clearly shows the current price is lower than when the tariffs were implemented. The exact opposite of what many here predicted. You appear to be focused on the spike in the past couple days, which a trend it is not. I'm reading articles about domestic producers coming back online creating jobs here at home. When these producers enter the market will counter the price effect on imported aluminum. Its not like you suggest that prices will always be higher with tariffs and lower without tariffs. There is a clear difference in economic theory and economic reality when multiple additional variables are considered.
    I just want objectivity on this forum and will point out flawed sources or points of view at my leisure.

    Quote Originally Posted by spudea on 04/20/16
    There won't be a contested convention
    Quote Originally Posted by spudea on 05/30/17
    The shooting of Gabrielle Gifford was blamed on putting a crosshair on a political map. I wonder what event we'll see justified with pictures like this.

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