[Newsbot]

Title: U.S. to impose anti-dumping duties of 24% plus on Canadian-made pipes
Category: Business
Posted By: DrCaleb
Date: 2018-08-22 05:37:50
Canadian

[DrCaleb]

Well, so much for Transmountain and Keystone XL.

[raydan]

I kinda like Canadian made pipes.

[CharlesAnthony]

$1:

The decision is "disappointing" but it affects only one of his members, said Joe Galimberti, president of the Canadian Steel Producers Association, which represents the $15-billion primary steel production industry here.
He said the Canadian arm of Chicago-based Evraz North America is the only manufacturer of large-diameter welded pipe in Canada.
Evraz did not immediately respond to a request for comment.

Oh, I get it!
The Canuckletax-payer must finance the secret business deals of 1 merchant.

[BartSimpson]

$1:

He said the Canadian arm of Chicago-based Evraz North America is the only manufacturer of large-diameter welded pipe in Canada.

Essentially this means a US-owned firm is the only firm impacted by this.

Whoop-dee-doo.

[DrCaleb]

"Why do you keep shooting yourself in the foot?"

"Because it drives Democrats crazy!"

[peck420]

BartSimpson BartSimpson:

Essentially this means a US-owned firm is the only firm impacted by this.

Nyet...a whole lot of US firms are about to be impacted by this.

This news is gonna hit the shale field like a sack of bricks.

[herbie]

DrCaleb DrCaleb:

"Why do you keep shooting yourself in the foot?"

"Because it drives Democrats crazy!"

Cuz that's what's important, eh?

Just saw this with 11 yr old granddaughter.
It's 32 in the shade and everyone just had a large ice cream cone while you sat in a hot car and pouted. Pointed out to her "Who exactly was the one hurt by doing that?" Her response was to turn a chair to face the wall when she got home and pout some more.
But don't worry Bart, she's Canadian and ineligible to run for POTUS. Besides, in 25 more years, you still won't be able to handle a female President down there.

[rickc]

DrCaleb DrCaleb:

"Why do you keep shooting yourself in the foot?"

"Because it drives Democrats crazy!"

Exactly how is this shooting oneself in the foot?

[DrCaleb]

rickc rickc:

DrCaleb DrCaleb:

"Why do you keep shooting yourself in the foot?"

"Because it drives Democrats crazy!"

Exactly how is this shooting oneself in the foot?

They are levying duties on a US company that makes product in Canada. Product that US companies need to import, because no one else makes it. So it's not hurting us, because we aren't 'dumping' anything, and it's only hurting US companies.

Plus, it was a reference to a joke.

canadian-humour-f13/joke-of-the-day-t4028-1860.html#p2286905

[BartSimpson]

DrCaleb DrCaleb:

They are levying duties on a US company that makes product in Canada.

And pretty soon they'll be making product in the US again.

Result: We get some jobs back and you folks can get rid of a smelly heavy industry that depends on coal and mining and capitalism and all sorts of other things your greenies find offensive.

Everybody wins!

[DrCaleb]

BartSimpson BartSimpson:

DrCaleb DrCaleb:

They are levying duties on a US company that makes product in Canada.

And pretty soon they'll be making product in the US again.

If they could do that, don't you think they would be already? Odds are, the tech is too big and heavy to move. Which is why it is where it is.

So you guys lose out with more expensive infrastructure and fewer jobs.

[CharlesAnthony]

Oh, what is that feeling in my chest??

My heart is bleeding for the plight of a zillion dollar corporation that markets shit that I can not afford to buy!

[rickc]

Its not an American company. It is a multi national company with it's headquarters in London. It is traded on the London stock exchange. It may be the only producer of large diameter pipe in Canada but it is not the only producer of large diameter pipe in North America. This same company produces large diameter pipe in the United States. If they want to continue to sell it's pipe in the United States than they will have to relocate thier manufacturing facilities to the United States and the 1800 jobs that go along with it. If someone is getting shot in the foot it isn't Trump or the United States.

[DrCaleb]

rickc rickc:

Its not an American company. It is a multi national company with it's headquarters in London. It is traded on the London stock exchange. It may be the only producer of large diameter pipe in Canada but it is not the only producer of large diameter pipe in North America. This same company produces large diameter pipe in the United States.

So how can Canadian companies be 'dumping' this pipe in the US market?