Trump the cause of layoffs: Steel tariffs cost automakers $1B

Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost. Anyway I thought liberals didn’t like it if big companies made money anyway.


Sent from my iPhone using Tapatalk

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost.

If imported steel (or oil or pretty much anything) becomes more expensive, domestic producers
will raise their prices.
 
Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.
abolish trade wars not subsidies!
 
Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost. Anyway I thought liberals didn’t like it if big companies made money anyway.


Sent from my iPhone using Tapatalk

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost.

If imported steel (or oil or pretty much anything) becomes more expensive, domestic producers
will raise their prices.

If that's True, I am really liking $2.00 - as low as $1.65 a gallon for gas now. Domestic production of anything, given a level playing field is always going to be cheaper because of lower transportation costs.
 
Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost. Anyway I thought liberals didn’t like it if big companies made money anyway.


Sent from my iPhone using Tapatalk

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost.

If imported steel (or oil or pretty much anything) becomes more expensive, domestic producers
will raise their prices.

If that's True, I am really liking $2.00 - as low as $1.65 a gallon for gas now. Domestic production of anything, given a level playing field is always going to be cheaper because of lower transportation costs.

But the playing field is rarely level.
 
"Steel Dynamics announced that it will build a brand new 3 million ton steel mill in the Southwest that will create 600 good-paying U.S. JOBS. Steel JOBS are coming back to America, just like I predicted. Congratulations to Steel Dynamics!" - President Trump just now

Big whoop! 600 jobs in steel versus 15,000 jobs in automobile production announced just yesterday, plus numerous small steel dependent manufacturers like 200 jobs near Buffalo when a small manufacturer closed (it was on their evening news), plus other small manufacturing jobs across the land. When Trump first introduced this tariff, it was said that the US would lose 3 jobs in manufacturing for every job created in the steel industry. Looks like that estimate was WAY too low.
GM's decision to stop building cars that nobody wants was not related to tariffs or any Trump policy. Not even tangentially related.

Your Trump Derangement Syndrome is really getting the better of you.
IF you think about it, it was The Obama Administration who told GM what to build. They also told GM to get rid of Pontiac which actually had a few good sellers. When Obama was done with GM, they were a much less diverse and more dull cookie cutter auto manufacturer. It resembled a Government Run Corporation like you would see in a Socialist Shithole.

They should have did what Ford did and that was give the Middle Finger to Obama Bin Lying.
/——/ And Ford is doing fine. Navigator sales up 81% and Expidition sales up 3.9%
 
Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost. Anyway I thought liberals didn’t like it if big companies made money anyway.


Sent from my iPhone using Tapatalk

If they claim they get most of their steel from USA anyway, then how does tariffs have any affect on the cost.

If imported steel (or oil or pretty much anything) becomes more expensive, domestic producers
will raise their prices.

If that's True, I am really liking $2.00 - as low as $1.65 a gallon for gas now. Domestic production of anything, given a level playing field is always going to be cheaper because of lower transportation costs.

But the playing field is rarely level.
That's why FAIR Trade Trumps Free Trade.

One of the reasons I voted for Donald Trump was his stance on "Fair Trade."

NAFTA was nothing but Corporate Welfare and allowing US Companies to export jobs overseas to Slave Labor Markets without fearing any repercussions or occurring any additional expenses.
 
"General Motors is very counter to what other auto, and other, companies are doing. Big Steel is opening and renovating plants all over the country. Auto companies are pouring into the U.S., including BMW, which just announced a major new plant. The U.S.A. is booming!

Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go. If companies don’t want to pay Tariffs, build in the U.S.A. Otherwise, lets just make our Country richer than ever before!" - President Trump
 
Hey, before you righties start throwing your crap on this thread, this report comes from Fox:

Ford CEO: Trump metals tariffs cost company $1B

GM has made the same claim.

Tried to tell you that Trump didn't know what the fuck he was doing when he started the tariff wars, but you wouldn't listen.
.
Marketwatch called it early:
GM and Ford would suffer a $1 billion profit hit if steel tariffs are enacted, says Goldman

"
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits.

“The metals tariffs took about $1 billion in profit from us – and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview with Bloomberg. “If it goes on longer, there will be more damage.”
.

In the same timeframe what has wetbacks cost the American taxpayer?
Have you bitched about that?
 
"Steel Dynamics announced that it will build a brand new 3 million ton steel mill in the Southwest that will create 600 good-paying U.S. JOBS. Steel JOBS are coming back to America, just like I predicted. Congratulations to Steel Dynamics!" - President Trump just now

Big whoop! 600 jobs in steel versus 15,000 jobs in automobile production announced just yesterday, plus numerous small steel dependent manufacturers like 200 jobs near Buffalo when a small manufacturer closed (it was on their evening news), plus other small manufacturing jobs across the land. When Trump first introduced this tariff, it was said that the US would lose 3 jobs in manufacturing for every job created in the steel industry. Looks like that estimate was WAY too low.
Hey! Asshole! If you think tariffs are bad tell Canada to stop with the 300% tariffs on American dairy products or stfu!

When American dairy farmers can produce milk that is free of the steriods and anti-biotics that are banned in Canada, they are free to buy quota and participate in our supply management system too. Until then, don't blather on about stuff you have no understanding of.

Even American Dairy Farmers agree that the tariff is fair and that our system is much better for our dairy farmers than yours, so don't put your full ignorance on display by touting false, right wing talking points. I was a bank manager in the city was, in essence, the dairy capital of Canada. I had to know the how and the why of the Milk Marketing Board like the back of my hand in order to providing lending and financial support to such a large sector of our business community.
 
"Steel Dynamics announced that it will build a brand new 3 million ton steel mill in the Southwest that will create 600 good-paying U.S. JOBS. Steel JOBS are coming back to America, just like I predicted. Congratulations to Steel Dynamics!" - President Trump just now

Big whoop! 600 jobs in steel versus 15,000 jobs in automobile production announced just yesterday, plus numerous small steel dependent manufacturers like 200 jobs near Buffalo when a small manufacturer closed (it was on their evening news), plus other small manufacturing jobs across the land. When Trump first introduced this tariff, it was said that the US would lose 3 jobs in manufacturing for every job created in the steel industry. Looks like that estimate was WAY too low.
Hey! Asshole! If you think tariffs are bad tell Canada to stop with the 300% tariffs on American dairy products or stfu!

When American dairy farmers can produce milk that is free of the steriods and anti-biotics that are banned in Canada, they are free to buy quota and participate in our supply management system too. Until then, don't blather on about stuff you have no understanding of.

Even American Dairy Farmers agree that the tariff is fair and that our system is much better for our dairy farmers than yours, so don't put your full ignorance on display by touting false, right wing talking points. I was a bank manager in the city was, in essence, the dairy capital of Canada. I had to know the how and the why of the Milk Marketing Board like the back of my hand in order to providing lending and financial support to such a large sector of our business community.
So you agree that tariffs are good right?
 

Forum List

Back
Top