Monday, March 12, 2018


Readers of my blog will know I'm no fan of President Trump (nor Shillary) but credit where credits due with the news that he has achieved what no other serving President managed to achieve in forcing North Korea to the negotiating table while escalating and maintaining sanctions against the rogue state.

It remains to be seen how this will play out but at least they're going to be talking one on one and, as Churchill said ... 'jaw, jaw is better than war, war'.

Across the ditch and Malcolm Turnbull has been successful in getting Australia exempted from the decision by the United States to impose punitive tariffs on steel and aluminum imports from abroad.

New Zealand currently exports 63m worth of steel and aluminum to the United States each year.    It will be interesting to see whether St Jacinda can pull orf a similar exemption for us .... waiting, waiting ......


Adolf Fiinkensein said...

Don't worry Vet. The Liberal Party of Australia has managed to totally fuck it up.

Their idiot trade minister wants Australia to back the EC in it's complaint to the WTO about President Trump's steel and aluminium tariffs. The announcement came AFTER the US agreed to exempt Australia.

Noel said...

Any complaint to the WTO will have to argue the WTO copout "national security" allowing tarriffs.

"The U.S. military itself argues that it doesn't need the tariffs since 3 percent of our domestic steel production is enough to meet its needs. It even produced a memo saying this to the Department of Commerce. In addition, six of the 10 top importers of steel in this countries are our NATO allies."

In regard to NZ exemption not very far away.

The Veteran said...

Noel .... your source re ascertain that NZL is to get the same exemption as Oz?

Noel said...

Was employed in the the NZ Steel industry for 28 years.

Adolf Fiinkensein said...

Noel, like many commenters you miss the point. While 3% of domestic steel production might momentarily satisfy thee needs of the military during peacetime, it won't go far when there is a change of circumstances and suddenly the need is for 20% or 30% of production.

That's why it is known as a strategic industry.

And while there may well have been some security considerations, it is clear the main objective is to rectify the damage done by Chinese subsidized over production, funnelled into the US through a plethora of proxies.

Noel said...

I believe it has been established that Chinese imports to the US are about 4 percent of all steel imported. US domestic manufacture about 70 percent all steel used.

Managed to work out why NZ must get an exemption if Australia does?????

The Veteran said...

Not particularly and acknowledging the Aust/US relationship is far stronger than the NZ/US relationship ... allied with the fact that Peters playing Putin's poodle has hardly made the job of Minister Parker easier.

Adolf Fiinkensein said...

Noel, you really should stop being obtuse and learn to read.

China's direct imports may well only account for 4% of the total. The damage is done by the indirect imports via other countries.

Anonymous said...

Re Norkers vs El Trumpo, it seems relevant to review what the parties want and want to avoid [apart from getting blasted to glass].
S. Korea wants unity and freedom, doesn't want autocracy.
N. Korea wants unity, continued affirmation of its 65 years of Kim idiocy.
China wants the US gelded in the region, doesn't want a nuked Korea on their doorstep.
USA wants encircled containment of all possible nuclear enemies.
Japan wants it's history in China and Korea to go away before it really bothers them.
The denuclearization negotiations are likely to hinge on what China wants - S.Korea taking its conventional military chances on its own in its rapprochment with the north and the USN out of China's face.
El Trumpo is going to look like a real mongrel if the Korea's and China agree but the sticking point is the 7th Fleet still steaming around the South China Sea.

The only thing predictable is the stellar display of bad hair by the leaders.


Anonymous said...

Take your own advice, Adolf. Most steel imported to US is from Canada, but don't let facts interrupt your ranting. Trump is playing his base for the fools they are.

Adolf Fiinkensein said...

Anon @ 6:21

You appear not to understand that much of the 'Canadian' steel originates in China.

Do try and keep up.

Gerald said...

Do now

Anonymous said...

Anonymous said...

Thank you it. NZ steel is actually Australian steel and Canadian steel (exempted) is Chinese steel and Chinese steel is actually Australian Iron ore. As raw steel is poked and prodded and ingredients added to for various purposes and uses and then resold it rather puts the whole thing in perspective.

One fact is that Harley D concluded that using US steel would add 25% to the price of a bike if you add potential EU tariffs of 15% you can kiss goodbye to 16% of Harleys market this for a company that is on the ropes and losing market share in the US. try and do some research and do the sums. Favouring the EU over Trump makes huge financial sense and OZ still controls a large amount of the worlds iron ore.

Veteran.....No need for an exemption, export our miniscule amount through OZ but I'm sure the PM has been advised of this.

Lord Egbut

The Veteran said...

Egbut ... I'm having some difficulty keeping up. I know you as Egbut and even as Lord Egbut Nobacon but of recent times you seem to have developed a now persona ie The Bunbury Baker. Is that you or someone attempting to highjack you or, God forbid, have you now developed a split personality?

I know the Vin Rouge in your part of the world can have terrible side effects but ..... .......

Anonymous said...

Turning iron ore into raw steel is labour intensive, polluting and dangerous. China is good doing this. Remelting raw steel into any one of the 3,500 grades for various purposes is a relatively clean and easily automated process.

According to the World Steel Association, there are over 3,500 different grades of steel, encompassing unique physical, chemical, and environmental properties.

So a steel mill isn't necessarily a steel mill and the end product sold by third parties to the end user isn't necessarily "steel".

Veteran.....the The invitation was initiated through the Sth Koreans by Fatboy. IF they manage to sit down in the same room the first point on the agenda will be the bilateral nuclear disarmament of both countries......the meeting will last 30 minutes tops.

Lord Egbut

Anonymous said...

Veteran, split posts......I have no idea who the Bunbury Baker is but he taking the piss out of Walter of no fixed abode. To stop the confusion I will no longer use the Bunbury tag after my name. The message has got through I think.

Lord Egbut

No Longer Baking in Bunbury. said...

Once upon a time there were right wing free market boosters who saw tariffs as a bad thing, to be eliminated as fast as possible. All of a sudden Donny Two Scoops wants tariffs and the right can't rush fast enough to join him.

Trump wants to destroy what little of American manufacturing is left by adding an enormous cost increase to automobiles, white goods, HVAC, soda pop, even battleships and submarines.

And fools like Adolf rush in to cheer him on.

Paranormal said...

Egbut, could it be Harley D are losing market share, not because the price is too high, but because their product is rubbish?

I still wonder if this talk of steel tariffs is to focus Canada's attention on renegotiating NAFTA?