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Re: Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away.

By: Cactus Flower in ALEA | Recommend this post (0)
Sun, 06 Jan 19 3:32 PM | 83 view(s)
Boardmark this board | The Trust Matrix 		Msg. 28294 of 54959
(This msg. is a reply to 28290 by clo)
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Not a surprise. This is what tariffs do.

Trump can write policies intending them to suspend reality. But reality doesn't ever get suspended.

From an economic viewpoint, Trump received the benefits of the Obama economy's trajectory, just as Obama inherited Dubya's.

Soon enough, the consequences of Trump's policies will show up in the numbers. The sugar high was brief and destabilising. The supply side deficit is growing, as expected. The protections will start to damage economic performance.

So we are heading towards a slowdown or recession or depression. This is the predictable Republican model.

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The above is a reply to the following message:
Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away.
By: clo in ALEA
Sun, 06 Jan 19 2:12 PM 		Msg. 28290 of 54959

Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away.

By Peter S. Goodman
Jan. 6, 2019

HOLLAND, Mich. — Plants in every direction shut down and moved their operations to Mexico, succumbing to the relentless pressure to cut costs in an age of globalization. Not EBW Electronics. As the decades passed, the family-owned business stayed put, on the eastern edge of Lake Michigan, churning out lights for the auto industry.

But now, the company’s management is reluctantly mulling the possibility of moving its production to Mexico to escape the tariffs that President Trump has put on imported components, his primary weapons in a trade war waged in the name of bringing jobs home to America.

“It’s killing us,” said the chairman of the company, Pat LeBlanc, 63, a Republican who voted for Mr. Trump. He now expects the president’s tariffs will chop his 2019 profits in half. “I just feel so betrayed. If we fail because the company is being harmed by the government, that just makes me sick.” 

Across the industrial United States, including in the crucial political battleground state of Michigan, such complaints are intensifying as the trade war disrupts factory operations that depend on imported parts.

more:
http://www.nytimes.com/2019/01/06/business/trump-tariffs-trade-war.html?action=click&module=Top%20Stories&pgtype=Homepage

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