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Again, the markets seem unmoored from reality. In the meantime, I diversify. Sooner or later, reality may sink in, and investors are going to experience that FAFO moment.
And owned by a South Korean company Lets give them BillionsFwiw, that sort of business sense is how you run casinos out of business.
ETA: Basically about 6% the production at 5 times the cost. I really don't think small batch ship building has the same upside as small batch bourbon and tariffs are hurting them, too.
And what viable business is he going to defund while he throws good money away chasing a chimera?And owned by a South Korean company Lets give them Billions
Wow, Mr Kim doesn't want much, does he?Loading…
www.nytimes.com
President Trump and some members of Congress want to revive a depleted American shipbuilding industry to compete with China, the world’s biggest maker of ships by far.
It is such a daunting goal that some shipping experts say it is destined to fail. More hopeful analysts and industry executives say the Trump administration and Congress could succeed but only if they are willing to spend billions of dollars over many years.
One of the places where Washington’s maritime dreams might take shape or fall apart is a shipyard on the southern edge of Philadelphia that was bought last year by one of the world’s largest shipbuilding companies, a South Korean conglomerate known as Hanwha.
“The shipbuilding industry in America is ready to step up,” David Kim, the chief executive of Hanwha Philly Shipyard, said in an interview.
But to do that, he said, the yard must have a steady stream of orders for new vessels. And the federal government will need policies that subsidize American-built ships and penalize the use of foreign vessels by shipping companies that call on U.S. ports.
Last month, Mr. Trump issued an executive order aimed at revitalizing American shipbuilding. “We’re going to be spending a lot of money on shipbuilding,” he said when announcing the order. “We’re way, way, way behind.”
The Office of the United States Trade Representative set new rules in April that penalize Chinese ships and require that certain commercial vessels be built in the United States. In Congress, lawmakers from both parties are pushing a sprawling bill that contains significant subsidies to bolster American shipbuilding.
But there is much to overcome.
The Philadelphia yard won’t have space for new orders until 2027, and other American shipyards are so tied up with filling orders for the Navy that they don’t have the capacity to produce commercial vessels.
It takes far longer to build ships in the United States than in Asia, and costs nearly five times as much. The Philadelphia yard makes roughly a ship and a half a year, compared with around a ship a week at Hanwha’s larger facilities in its home country, Mr. Kim said.
Sell stocks and then threaten harsh tariffsTrump is literally using the presidency to make money. How can people not see this?
Oh they see it. They like it. It's exactly what his trash supporters would do if they were in his shoes and it's why they so easily shrug it off. They are living vicariously through Trump.Trump is literally using the presidency to make money. How can people not see this?
The days of the Kaiser Shipyards building hundreds of Victory and Liberty ships are long gone.Loading…
www.nytimes.com
President Trump and some members of Congress want to revive a depleted American shipbuilding industry to compete with China, the world’s biggest maker of ships by far.
It is such a daunting goal that some shipping experts say it is destined to fail. More hopeful analysts and industry executives say the Trump administration and Congress could succeed but only if they are willing to spend billions of dollars over many years.
One of the places where Washington’s maritime dreams might take shape or fall apart is a shipyard on the southern edge of Philadelphia that was bought last year by one of the world’s largest shipbuilding companies, a South Korean conglomerate known as Hanwha.
“The shipbuilding industry in America is ready to step up,” David Kim, the chief executive of Hanwha Philly Shipyard, said in an interview.
But to do that, he said, the yard must have a steady stream of orders for new vessels. And the federal government will need policies that subsidize American-built ships and penalize the use of foreign vessels by shipping companies that call on U.S. ports.
Last month, Mr. Trump issued an executive order aimed at revitalizing American shipbuilding. “We’re going to be spending a lot of money on shipbuilding,” he said when announcing the order. “We’re way, way, way behind.”
The Office of the United States Trade Representative set new rules in April that penalize Chinese ships and require that certain commercial vessels be built in the United States. In Congress, lawmakers from both parties are pushing a sprawling bill that contains significant subsidies to bolster American shipbuilding.
But there is much to overcome.
The Philadelphia yard won’t have space for new orders until 2027, and other American shipyards are so tied up with filling orders for the Navy that they don’t have the capacity to produce commercial vessels.
It takes far longer to build ships in the United States than in Asia, and costs nearly five times as much. The Philadelphia yard makes roughly a ship and a half a year, compared with around a ship a week at Hanwha’s larger facilities in its home country, Mr. Kim said.
To be fair, I think many MAGA folks have been so inculcated with propaganda about “tHe BIdeN CRiMe FAmiLY!!!111” that they view Trump’s actions as just deserts.Oh they see it. They like it. It's exactly what his trash supporters would do if they were in his shoes and it's why they so easily shrug it off. They are living vicariously through Trump.
I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.I sure hope all this tariff on-again off-again is market manipulation.
I agree with you.I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.
There's Bessent and Moran, who want universal tariffs and not so much country-specific ones (though Moran sacrificed all of his credibility when he recently said Trump's views of international trade were correct), and then there's the Lutnick faction of retaliation and yay America tariffs. Navarro is apparently in his ear whispering about bringing back manufacturing with tariffs.
Obviously, you did not attend Trump University .I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.
There's Bessent and Moran, who want universal tariffs and not so much country-specific ones (though Moran sacrificed all of his credibility when he recently said Trump's views of international trade were correct), and then there's the Lutnick faction of retaliation and yay America tariffs. Navarro is apparently in his ear whispering about bringing back manufacturing with tariffs.
If he has any debt it will be long gone when his 16th year in office is complete.Trump is literally using the presidency to make money. How can people not see this?
I TAUGHT at Trump U. Didn't you take my course The Cultural Lability of Real Estate "Fraud"? It went through many titles as I negotiated with the administrators:Obviously, you did not attend Trump University .
This is a simple strategy that we learned from the intro course "Insider Trading 101" ... As a summa cum laude graduate from Trump University I have made millions over the last few weeks. Too bad you went to some lame ass elite university that filled your head with useless shit like fake knowledge and stuff.
Probably pays better than Trump U anyway....That's when I quit and took up residence on the ZZL
I was pursuing a BA in grifting and those courses were not required . I thought about taking that course in real estate fraud as an elective but after looking at the course description with its big words that I did not understand and all the required readings in the syllabus that required reading, I decided to take " How to Enrich Yourself With the Establishment of a Charitable Foundation "I TAUGHT at Trump U. Didn't you take my course The Cultural Lability of Real Estate "Fraud"? It went through many titles as I negotiated with the administrators:
The Cultural Lability of Real Estate Fraud.
Then they made me insert some scare quotes: The Cultural Lability of "Real Estate" "Fraud".
Then they made me take out some scare quotes, so I started over: Hegemonic Narratives: Woke Brokers And Broke Tokers.
Nobody knew what this meant, so they gave me a course that they thought better fit their student enrollment: Happy Hour
That's when I quit and took up residence on the ZZL