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These companies might close, lay off US workers because of Trump's trade war

Discussion in 'News & Current Events' started by KenH, Aug 9, 2018.

  1. KenH

    KenH Well-Known Member

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    "The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn't show signs of slowing down.

    Left in the fray: Companies, American workers and consumers.

    The list of companies affected, either by planning to close plants, laying off employees, tossing out plans for new jobs or raising prices continues to grow."

    These companies might close, lay off US workers because of Trump's trade war
     
  2. Calminian

    Calminian Well-Known Member
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  3. InTheLight

    InTheLight Well-Known Member
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    From the article:

    Missouri
    Mid-Continent Nail, laid off 60 workers; SEMO Box, said it would be laying off four temporary workers .

    Washington
    About 100 employees were laid off from REC Silicon

    South Carolina
    Tariffs could cost up to 4,000 new jobs at a new Volvo plant (not current jobs) but would prevent them from creating "as many jobs as we are planning."

    Boy, I don't know if the country will survive! One hundred and sixty four workers lost their jobs! Two hundred thousand new jobs being created every month!
     
    #3 InTheLight, Aug 9, 2018
    Last edited: Aug 9, 2018
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  4. carpro

    carpro Well-Known Member
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    Others are hiring more than those laid off.
    Plus the layoffs will probably be hired back once our trading partners realize the rape of the US is over.
     
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  5. Reynolds

    Reynolds Well-Known Member
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    Just part of life. They can no longer assemble Chinese parts here and call it "Made in USA." Cry me a river.
     
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  6. Revmitchell

    Revmitchell Well-Known Member
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    This complaining about this so called "trade war" doesn't make sense. the other companies layed tarriffs hundreds of times greater than what the US puts on their stuff coming into the country. Trump works to make it more fair and they want to complain. Doesn't make a lick of sense.
     
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  7. KenH

    KenH Well-Known Member

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    Cheerleaders for tariffs might want to research what happened when this tactic was tried before in such a broad way. Look up the Tariff Act of 1930.
     
  8. Revmitchell

    Revmitchell Well-Known Member
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    So what is currently happening is both the EU and China has agreed to renegotiate tarriffs as a result of what Trump is doing. Again their tarriffs are hundreds of times higher than what we impose.

    Do you get that, in some cases hundreds of times higher than ours. This is a no brainer. This is why Trump has such a broad support because he is fighting for Americans again.
     
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  9. Yeshua1

    Yeshua1 Well-Known Member
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    Would you rather we contiune to lose hundreds of billions of dollars every war in the trade war other nations have been laying on us? Its ok for them to tarrif us to financial ruin, but not other way around? And do you really thin aChina and Europe woill not want to part of the biigest economy on earth, ours?
     
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  10. InTheLight

    InTheLight Well-Known Member
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    Wikipedia, on the Tariff Act of 1930:
    The new tariff imposed an effective tax rate of 60% on more than 3,200 products and materials imported into the United States.

    In contrast Trump's worst tariffs are targeted on selected Chinese products and are at 25%.
     
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  11. KenH

    KenH Well-Known Member

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  12. Revmitchell

    Revmitchell Well-Known Member
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    they weren't Trump
     
  13. KenH

    KenH Well-Known Member

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    LOL
     
  14. Yeshua1

    Yeshua1 Well-Known Member
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    When was the US economy stronger, under leftsit Obama or rightest trump?
     
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  15. KenH

    KenH Well-Known Member

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    Pretty much the same so far, once the economy got past the Republican Great Recession.
     
  16. carpro

    carpro Well-Known Member
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    :Roflmao
     
  17. KenH

    KenH Well-Known Member

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    2.24 million jobs added in 2016. 2.06 million jobs added in 2017.
     
  18. carpro

    carpro Well-Known Member
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    :Roflmao
     
  19. InTheLight

    InTheLight Well-Known Member
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    Tax cuts went into effect in February 2018. I believe 600,000 jobs were created Jan-Mar 2018 (and January was lousy, IIRC). If the pace continues we'll blow past Obama's 2016 numbers by end of October.

    Sent from my Pixel 2 XL
     
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  20. Reynolds

    Reynolds Well-Known Member
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    We were not the world economic super power then.
     
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