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Strategies & Market Trends : Value Investing
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dvdw©
To: Spekulatius who wrote (60472)3/5/2018 9:16:07 AM
From: E_K_S1 Recommendation  Read Replies (3) of 78476
 
This was from an article posted in another board.

Canada exports nearly 90% of its steel to the U.S., while it accounts for 16% of all U.S. steel imports, the most out of any country. By comparison, China, barely exports any steel to the U.S, with America ranking 26th as a destination for Chinese steel imports, according to the International Trade Administration.

I hope this tariff thing is just POTUS posturing for the more important NAFTA deal. Our Canada trade is really important especially for their lumber.

Article from ZeroHedge 3/5/2018 - Trump Slams Canada, Mexico: "Tariffs Will Only Came Off If New, Fair NAFTA Is Signed"

Long term we know tariffs are not good (just read Adam Smith The Wealth of Nations) and real value (ie wealth) is created by the growing demand of all of the inputs needed to build/expand the supply chain when manufacturing products. There are lots of moving parts in this value equation (human capital is important but not the only component).

I think this is just part of the the negotiating strategy to get the 'new' NAFTA deal done. We need 'fair' trade.

My new value bet in February is in Weyerhaeuser Company (WY) Lumber/Timber and their finished products. This story is out today too: Worsening Lumber "Supply Crisis" Is Driving Record Home Prices Higher

Let's hope we get a fair new NAFTA agreement w/ no unnecessary tariffs.

EKS
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