Chapter 1599 Sudden Collision

William White felt that he was at a disadvantage. Investing in oil and the euro was his foresight, but there were risks involved, and it had nothing to do with other people.

Of course, this is just his idea. In the eyes of a group of caring people, you are simply not greedy enough. You said you made most of the money, why should you take care of the common interests?

"Price increase? Is it a lot? Dominic, do you come to me for this kind of thing?" William White looked confused. 13. Man, my brother is busy robbing Silly Dam now and has no time to pay attention to these things.

"Boss, the 15% increase is really exaggerated. The most important thing is that the prices for other users remain unchanged."

"Fuck, are you giving me eye drops? Has the first half of the contract ended?"

"No, in fact, 70% of the supply has not been completed."

"Well, I get it. Notify the legal department and terminate all contracts. Do these damn old guys really think I have no temper?"

"Boss, this..."

"Okay, there are other things going on here. If there are no parts, we will stop production. By the way, when we get back, let us know some news. Tesla plans to move the entire company to Tu'ao."

Dominic Fang nodded to express his understanding. Speaking of it, this guy was quite unlucky. He had just taken over as CEO of Tesla, and he actually encountered such trouble.

Even if there is talk of relocating industries such as automobiles and steel, Yingjiang does not want to relocate these companies. However, if there is no skin left, how can the hair be attached? If you do not have supporting industries and a large number of industrial workers, can you really continue to maintain it by relying only on publicity and subsidies?

There are trade protections everywhere. Although eagle sauce is better, it is not so good. Don't think they have any good intentions. This is also something that can't be helped.

The pricing power of currency is not that simple. There are not only political games, but also economic equilibrium issues.

Maintaining an export deficit for a long time is one of the ways. Central banks around the world are not stupid, so why should they keep buying U.S. bonds? Isn’t it just to encourage the consumption of eagle sauce?

Steel production capacity has no value at all in the eyes of experts. Not to mention the high pollution, the output value is not that good. If it were not necessary to keep a few of them, they would have closed down by now. Compared with the steel industry, which has little benefit, the added value of the high-tech industry is obviously higher.

The United States is very rich in resources, almost the richest place in the world.

But have you ever seen them mining?

Some people use conspiracy theories to explain it, thinking that they are hiding it secretly and not using it. Wait until others have used up all the resources before mining.

In fact, this is nonsense. The United States is a capital society. These minerals are privately owned. If there are huge benefits, how could they not be developed?

Just look at the silver mines, when the Hunter family was speculating on silver. A large number of silver mines came back into production. Continuously increase its production capacity.

What do these guys usually do?

You are right, these mines are all abandoned. Capitalists feel that there is no money to be made, so they are not interested in mining.

Eagle sauce is also an important oil and gas producing area. They have little interest in digging. But once oil exceeds $100 a barrel. Their output immediately exploded.

The iron ore reserves in the United States are equally terrible. The iron ore in the Great Lakes region is almost where the highest concentration of iron ore is found.

There is no shortage of iron ore or coal, and the electricity supply is very sufficient.

It stands to reason that areas with all the major elements of steel are in place. The price of steel should be very cheap and the quality should be very good.

It's a pity that the quality is not as good as that of Germany. They can't beat the price of a footbath.

I have to say that the footbath is a strange place. There is neither coke nor iron ore. Electricity costs are also very expensive.

Why can the price of crude steel defeat the US emperor?

This is really speechless.

The price of steel is mentioned here, not the price of crude steel. This thing is cheap in the United States.

The problem is that crude steel is useless. It cannot build houses or cars. All need to be reprocessed.

Whenever it comes to processing, American emperors are always beaten in various ways.

It seems that good products have little to do with mechanical equipment. Without excellent industrial workers, everything else is in vain.

For a long time, the steel exported by China was also crude steel. This thing really doesn't mean much. Apart from polluting your own environment, it just consumes your own resources.

Since the mid-1990s, the world's economy has been developing rapidly. In most economies, GDP growth is above 3%.

Never make an argument about China’s 10%, everyone’s foundation is different. You start from one hundred, others start from one thousand.

There are several important indicators of economic growth. One of them is power generation, and the other is steel production. These two indicators continue to this day. They are important indicators for many countries.

The United States is an alternative, at least its steel production is declining year by year. A large number of industrial workers lost their jobs.

Steel and automobiles have a very special status in the United States.

Especially in Lao Ke's era, the subsidies for these two industries were very scary. Not only tax exemptions are provided, but a large number of interest-free loans are also provided.

Workers in the steel and automobile industries are the donkey's biggest vote bank. In order to continue to gain support, wooing these guys is a must.

Protecting the steel industry is nothing more than increasing subsidies. If it were more radical, trade protection would seem to be a good idea. The consumption power of Lao America is very strong, once they start trade protection. The global economy will suffer together.

"Boss, there is indeed such a statement. I have just received news here that they plan to increase tariffs on crude steel. For this thing, many lobbying organizations outside the hospital have already started their work." Although he is a little unclear, but just now Philson, who was captured by William White, casually reported a series of data.

"Haha, you are a bunch of idiots. Tax hikes are a disaster for the U.S. steel industry. We started shorting steel stocks."

"Boss, the risk of short selling is a bit high now, isn't it? Moreover, the meaning of tit-for-tat is too obvious."

"Believe me, Philson, there will be no chance in the steel industry. Moreover, this is not a simple business transaction. Look at this." After saying that, William White pushed the information Dominic brought to Phil. Xun.

After just a few glances, Philson immediately understood what his boss meant. Well, the boss is going to just flip the table over. He doesn’t even want to, and there’s no need to talk to anyone.

The decline of the U.S. automobile and steel industries is actually closely related to U.S. subsidies. The government subsidies are more powerful. The steel and automobile industries are in decline.

Don't listen to them talking about market economy. Yingjiang has always had double standards. It is impossible to ignore such a large employment group.

So here’s the question, isn’t everyone having a great time losing money? Why do you, this annoying guy, want to make a profit? We are all hello, I am good to everyone, you have made such a big mistake here, what will happen to our subsidies next year?