Toddsterpatriot
Diamond Member
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.
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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.”
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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.
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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.