Bummer.

China doesn't buy our scrap any more thats why the prices went back down many years ago when we started shipping them the raw materials to make their own.

This is supposed to reduce the imports from China and create jobs here.

What about Neal and Alex? You good with tariffs on them?

Neal won't care

Good point. I didn't think that one through.

Not them either but Geddy is the one that still doing stuff, Alex is probably drunk on a beach somewhere.

It did last time.

There's a place around here that sells bulk hot rolled steel, several aluminum alloys, and some stainless. The cut to order for the big guys but anyone can walk in and buy metal. Big metal is sold by the foot. The scraps cut off long stock they cut to order is sold by the pound. When Trump's first tarrifs hit, the per pound price on cut scrap went way up. Their explanation was: the cut scraps are priced (for retail) based on what they can get out of it selling for scrap. They said the tarifs significantly increased the value of domestic scrap, so it made no sense to sell it as cheaply as they did before.

That was only a few years ago. I don't see why it would be any different this time.

Will it work? In the last yet decades your country has went from 19 to something like 5 smelting plants.
Production is a shell of what it once was. Again, while I understand the idea my question is will it work or will it just raise prices for consumers?

US metal prices are already spiking in anticipation of the tarifs taking affect.

Here's how much the US copper price is over the LME (London Metal Exchange) price:



As I understand it, this is not the price of copper - its how much more copper is in the US compared than it is in London. The domestic premium shot up.

If anyone needs electrical wire, buy it today.

source

Price of guns and ammo is about to go up thanks to Trump.

At least we will have guns. The little I shoot the cost won't bother me in the least. It only takes one bullet for one big game kill.

Also, that makes the guns you have worth more. A wash!!!

When was the last time they went down?

I don't know about the rest of you, but if I had to pay $1000.00 to $1200.00 more for the products I buy and no longer had to pay Federal income tax, I would be ecstatic. Most other working Americans would be ecstatic too. Imagine what you could do if you were able to keep 10% to 32% more of your money.

Keith

We should go back to the time before there was income tax and capital gains tax and the IRS.
Can anyone guess how our government was funded back then?

mine jobs open in the Yukon Tungsten mine
China who produces 85% just shut down export of that metal to USA
today the scrap place was paying $ 25.00 ounce up from 15$ on Friday

Any scrappers with their finger on the pulse (price) care to weigh in?

I'm not sure but sounds like it is good I have been so busy and not taken what scrap I have off yet. I need it moved and was thinking I may take it off this week. may make that happen if prices are up. When I take scrap off it's more of a getting rid if it for free instead of having to pay at the dump. All the cash goes right into my boys hands.

Other countries have had tariffs on the US for years. US plan is to tariff them the same amount. About time the US stands up for tax ppayers here in the US.
https://finance.yahoo.com/news/dona...d-hit-some-us-allies-hard-090015875.html

ie: Blazing Saddles! LOL