all of these countries including the European Union they charge five times to
ten we don't charge tariffs essentially they charge five times what we charge
metallus and I believe in the word reciprocal you're gonna charge five
times within the charge five times that hasn't been done no other president ever
brought it up and it's gonna be done now alright and today's d-day to make sure
it happens the president reinventing tires of 25 percent on steel coming in
from foreign countries and it will work out to about ten percent on aluminum
related products coming into this country but it goes after the Mexicans
goes after the Canadians goes after the Europeans all of whom are saying that
they will respond in kind Mexico promising to target a like number of
u.s. goods equaling the same amount and that would
include everything from lamps and berries and grapes and apples to pork
chops and cheese products even cold cuts the Canadians have responded that
they're going address everything from steel and aluminum that they get from
this country to whiskey and orange juice that makes their way to their country
all right so what is really going on here on the phone with us is Dan Simmons
the United Steel Workers Union Local 1899 president and very good to have you
Dan thank you for taking the time you're welcome I'm happy to be on here because
yes it is a mess and it is something that we all need to be discussing right
now it's not the president's doing right well I I don't in a seditious was
difficult Neil it's it's kind of a bittersweet because we've been pushing
and advocating for some assistance government assistance for quite some
time and specifically to our bad trade partners who have been illegally dumping
that's caused and harmed our commodities of steel and aluminum for many many
years I I know myself I've been advocating for probably ten years plus
and and we've been falling on deaf ears so now we think you know we push hard
enough and lobbied aren't enough to get these investigations started and the
Commerce Department did in fact find armed and to the degree of very stiff
degrees to impose the 25% and a 10% on the aluminum but the problem we got with
that is it is a broad brush and and we were targeting bad trade partners we
have many countries that are bad trade partners but we also have equally good
trade partners and you know the Canada and and our sisters and brothers tell
their part of the usw with us right so the fact that there are so many of your
Canadian colleagues part of this and they're getting hurt by this so you guys
almost had no choice but to reject this but it is helping jobs for Steel Workers
that's how I'm going to president use it you don't agree that it should equate to
some job creation specifically here in the you know domestic markets obviously
it's going to open up opportunities for for the steel industry and in the United
States and long with aluminum yes it should equate into that now obviously
with its early on but yeah I see no other way than it should equate to some
job creation and some pricing along with sustainable order books or durable yeah
you know Dan I always wonder if the message here isn't that the tariffs
ultimately even go into effect that cooler heads will prevail and this is
just a way to negotiate and get the people to the table there's a point at
which that doesn't happen of course and and the things you didn't plan on
ultimately happen but where do you think this goes well I agree with you there
because you know already we've seen where the leverage he's had would be you
know given them the exemptions temporarily he'd been we've been able to
renegotiate our some trade deals with Korea which that was a partner of
Bhangra partner and now they've locked in and worked out some details and I my
gut feeling is just what you said this should force people to look at in other
countries look at level and plainfield that's that's all we we cried for four
years and lobby hard look we have we have old antiquated trade laws in this
country you know knighted States and we're asking the piston force to the
trade laws on the book you know rewrite it be great modernize them great but the
antiquated rate loss just give us a level playing field we can compete
against anybody it's the cheaters are the ones who are
really targeting going out dan simmons thanks for taking the time
Baroness thank you very much all right Dan
Simmons again as I told you if this was worrying folks it had a funny way of
showing it at the corner of wall and broad but more interesting is the
backdrop for all of this that maybe we can be able it because the economy is
doing so well that 3.8 percent unemployment rate you'd have to go back
to 1969 to see when that level was less reach now we touched it in 2000 but the
fact of the matter is it matched a level that that was the same year that Neil
Armstrong walked on the moon that was then it's something really really big
that defies every cynical thing you've heard about this economy what's going on
will leap you decide all right in all areas this was a better than expected
employment report on the latest month 223,000 jobs are ended and look at that
3.8 percent unemployment rate it matched a low that we first achieved in 1969
that's what we walk on the moon so so think of that and what we've achieved
there and what this could portend and the fact that wages are moving up at a
respectable clip about 2.7 percent I'm not off the charts but certainly one for
the history books here so what does all of this mean and the backdrop may be
being forgotten about the trade war when the underlying economy is as sound as it
is and maybe we get a North Korean deal you know the whole drill the markets
refused to get drilled on this alright bucks Business Network stores paint we
got GOP poster Lee Carter and market watcher Dan a guilt-ridden to you what
did you think of the report and what it could be saying about this economy I
could the report had been any better I mean when you talk about that type of
putting on that many new jobs in one month so you got new jobs coming on
unemployment going down wages going up but what better news could we get I mean
the market is certainly reacting to that extremely positive everything else being
put aside and we're saying hey we're growing economically we're on steroids
right now now you could look at it to does it but this is why we're not I'm
talking about the market and collectin it's not worried about a trade war
because we're coming from a position of strength in these countries well
absolutely they should what do you think I agree we
had since January of last year almost 800,000 goods-producing jobs I call
those dirty fingernail jobs that's the things that President Trump promised
manufacturing is really just absolutely it's so remarkable right now earlier
this week the Fed talked about companies getting rid of drug testing also hiring
convicted felons and and I think that's critical because there are millions of
Americans in this country because of those two things who thought they'd
never get a job never now today's report 76,000 blacks came back into the job
market last week last month the number went down to an all-time low
unemployment rate this is remarkable stuff that's happening in this country
and it's it and normally I think it would be celebrated even more but it
really is something to watch you know reports like this could can sort of feed
on themselves they just as a bad report can and a lot of people see hey
unemployment's down to 3.8 percent maybe the water's fine out there I should dive
in and look in this job market looks promising so it creates a sort of a
goodwill effect you buy that I think it absolutely can I think people are gonna
be excited to this number it's a question is how much is it going to be
celebrated and how much are people going to see it because there's so much talk
about the trade wars there's so much uncertainty everywhere you're looking
right now people are saying that things aren't gonna get done that prices are
gonna go higher you know you hear the Democrats right now talking about your
can of beer over the summer is gonna be higher your gasoline is gonna be higher
all of these things are gonna be a big that's will but Ross yelling I can't
good and the increase in aluminum from that but a lot of touch there but the
bottom line is this the question is what are people gonna be looking at and what
are people gonna be seeing are they going to be getting estimates on lumber
and seeing that their prices are going up are they gonna the fear is that it
will to her point and that will show up in inflation well but they've been
worried about this for a while hasn't panned out yet no it hasn't yell and
I'll tell you what this is all part of the negotiating process we have to get
really see you see a method to this impulse and let's go back to what
happened just today all of a sudden we see Donald Trump in the Oval Office with
representatives of North Korea and two weeks ago everything was off but now
we're back on look I look at it this way it's almost like
buying a car with Donald Trump he's willing to walk away and have that
salesman chase him out the door and he'll keep walking that's what it's
about he's not afraid to walk away this is not
a president who's going to blink when it comes to I don't even want to use the
term trade wars I'm gonna call it trade negotiation because we're not in a war
so you don't think that it gets to be a big concern what countries are starting
to threaten everything for motorcycles to blue jeans to rise to cherries to on
and on and on all this ancillary stuff that could go jacking up Neil this is
the time to do it this is nothing new for Donald Trump he has talked about the
the trade deficit for years now he's got this economy going so strong now is a
time through strength to actually call out everybody if he's willing to put
tariffs on Canada Canada's are for the messages to China they're our friends
but you know what it's a they there has been like Chinese still cheap Chinese
steel that has gone through China into our country a couple years ago there was
a Chinese firm that built up two billion dollars worth of aluminum Amex in Mexico
so and I think the greater point here is that it is a negotiating thing we want
to get a better nafta Dill's antiquated we need to fix it and and one thing but
your free markets here as long as I've known your big free market here but you
did point out very early on when you threaten these terrorists it will reveal
what other countries do to us and so it's revealed that a lot of them
do big things China especially but is this the way to go about it I think so I
think the thing that bothers me the most is that people act like if we don't use
our economic muscle right now we are the biggest strongest economy in the world
we're not set to be that ten years from now we don't flex it right now and then
draw a line in the sand I think we are gonna be in a worse position and we'll
look back on it regret it but I don't think that's gonna happen because
President Trump is on on the unorthodox things he's got people shaking up but I
think that was his goal what do you think well I think if it works he's
gonna be a genius if it doesn't we're gonna have a hard time as Republicans in
the midterms because the pocketbook is gonna be is it the first thing all those
jobs I just talked about those are all those states that people are from Oba
that's what those jobs are being created look at those unemployment numbers I
don't think someone living in a state with 2.5 percent unemployment it's not
going to vote for President Trump again what about farmers that were looking at
not being able to see already said if it comes to that they'll subsidize them but
they already that does lead to a thing the bottom line is I think the people he
promised the most to are the ones who are cheering this on and that was your
appointment absolutely he's doing exactly what he said he would do and
it's good stuff and the independents are nervous right now
and that's what the Republicans need coming into midterms they're very
nervous sorry guys I want to thank you all very much Nadine on what if I told
you that Muller investigation right now has cost about 17 million dollars well
it has my issue with that is that's a lot of money that has to be justified
right the more money you're spending and to justify was something big isn't that
the problem after this
you
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