Harley Davidson, Ford, now GM. What other iconic American company will Trump's tariffs hurt next?
Harley Davidson, Ford, now GM. What other iconic American company will Trump's tariffs hurt next?
The US could get nuked and I'd still be happy. It was a big FU to Democrats from working class whites. It was a symbol us whites still have voting rights and to not forget about us.
"Increased import tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less - not more - US jobs.
The penalties we could incur from tariffs and increased costs will be detrimental to the future industrial strength and readiness of manufacturing operations in the United States, and could lead to negative consequences for our company and US economic security."
GM said this in a submission to the US Department of Commerce back in JUNE. This should be no surprise. Donald Trump disregarded the warnings about his tariffs and now 15% of GM's North American workforce will be hitting the open job market. 15% of workers employed by GM will be out of work. And it was completely avoidable.
Really, this is where you wish to go after China this weekend. Announced they now wish to talk equal trade deals with Trump.
Make america grate.
Who knows. Madman Trump is reckless.
America say hello to your 1752727 bankrupcy oops I mean recession?!
All of them.
The Trump boom was a huge scam. The public will pay for it twice. And this time, it looks like the rich guy-worshipping religion of conservatism may have managed to put an end to the American century.
Corporations bought back a lot of stock with the extra money. So of course their valuations went up and up and up on the markets. Not only were their margins higher (for a time), they kept driving the stock price up. This resulted in hefty bonuses for board members. No real value was added. If conservatives knew as much about economics as they think they do, they would have recognized what Trump was peddling as something awfully close to mercantilism; we'll keep all the gold to ourselves and they'll have none. It's a horribly inflationary idea and accomplished little besides.
The public will end up paying for this scam twice: Once in the markets, as is happening now. And they will pay for it again in the longer term, as the public is strapped with $1 trillion deficit. Corporate welfare at its best.
The Trump economy gets an F-.
GM said nothing about Tariffs. Like Ford they are ending manufacturing of small car models to focus on technologies of the future.
- Why does Trump hate American car company Ford so much? Ford can't build 1 Billion dollar plant in Mexico and possibly now European car companies will win bids instead.
- Instead of Tariffs, should Donny just talk to his wall Street buddies at GM and Ford and Chrysler, well.not Chrysler, it's a German Company? That just got sold to the Italians, but talk to them and ask them nicely to stop sending jobs to Mexico, for lower wages and bigger Bonuses, and keep the jobs in America and pay a good living wage to all, even if it hurts them a little? Just sayin… You know… Ask the CEO's to be PATRIOTS for a change? And #MAGA?
- Ford Prepares for Mass Layoffs After Losing $1B to Trump's Tariffs. Is Trump purposely doing this because Obama saved the auto industry? Or is Donald Trump really this incompetent? http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/
- Will Ford move production of the Harley Davidson F150 overseas now that Trumps trade war has forced HD to move their production overseas? Bonus question: Did Trump the negotiating super genius fail to see problems for American manufacturers like the ones he created for Harley?