You are what we politely call a "single-minded moronic imbeciliac". You fail to recognize the reduced regulations and tax rates that Mr Trump has championed and followed through on. This allows employers to willingly pay more for labor as their sales and business activity increase.
Even More Winning: Jobless Claims Unexpectedly Fall to Lowest in Nearly Half a Century
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This steel worker needs to ask why he is still employed. He can thank President Trump for the steel tariffs and tax law changes that enabled his steel mill to remain open.
"This allows employers to willingly pay more for labor as their sales and business activity increase."
What a rosy view of capitalism. Which btw is the best system on this planet as long as it is controlled by doses of socialism.
The employee specifically said that all that deregulation and tariffs hasn't increased his take home pay ,
someone tell that to this ball worshipping Trump lover.
Would the employee prefer unemployment under a Democratic administration.
Is it your contention then that the anecdotal evidence from one individual should be extrapolated and prorated out to determine the full effect on a population of over 300 million? You have corroborated my "single minded" charge.
So much winning.
Engine plant in Mike Pence’s hometown takes $200 million hit from Trump trade war
Trump’s tariffs may be popular with his base, but they are hitting home in a bad way for Cummins Manufacturing, the world’s largest diesel manufacturer, which is located in vice-president Mike Pence’s hometown of Columbus, Indiana. Thanks to Trump’s trade war the company –which host Stephanie Ruhle pointed out “relies heavily on imports from, guess where, China”– is taking a $200 million hit annually.
Tracy Embree, president of the company’s components division explained the problem, saying Trump’s latest list “has had a pretty significant impact on us with some of our engines, specifically a piece called blocks and head.”
“We have no source in the U.S. for those parts,” she said. “Right now capacity is not available, with the exception of suppliers in China.”
Embree said the total impact of Trump’s tariffs added up to a hit of about $200 million per year. ‘We are aligned with the goals of the administration on creation of strong trade agreements that are fair,” Embree said with a look of frustration. “Tariffs are not the right answer to accomplish that. In fact, tariffs are harmful, tariffs are a tax, and that affects American workers, affects American companies.”
Engine plant in Mike Pence’s hometown takes $200 million hit from Trump trade war
Trump’s tariffs may be popular with his base, but they are hitting home in a bad way for Cummins Manufacturing, the world’s largest diesel manufacturer, which is located in vice-president Mike Pence’s hometown of Columbus, Indiana. Thanks to Trump’s trade war the company –which host Stephanie Ruhle pointed out “relies heavily on imports from, guess where, China”– is taking a $200 million hit annually.
Tracy Embree, president of the company’s components division explained the problem, saying Trump’s latest list “has had a pretty significant impact on us with some of our engines, specifically a piece called blocks and head.”
“We have no source in the U.S. for those parts,” she said. “Right now capacity is not available, with the exception of suppliers in China.”
Embree said the total impact of Trump’s tariffs added up to a hit of about $200 million per year. ‘We are aligned with the goals of the administration on creation of strong trade agreements that are fair,” Embree said with a look of frustration. “Tariffs are not the right answer to accomplish that. In fact, tariffs are harmful, tariffs are a tax, and that affects American workers, affects American companies.”
I don't like tariffs either but again you don't have a clue what is going on. Mr Trump's aim is to push hard on this to get to a zero tariff world economy. By the way China's stock market is down 32 percent since tariff implementations meanwhile US stock indexes are up 12 percent since. Get right!
Escalating tariff trade wars invariably do not work out -- unless a country starts out with clear objectives and an end-game in mind. I do not see evidence of a targeted, structured approach by the Trump administration on the trade situation - it is merely scatter-shot.
I support increasing tariffs on steel and aluminum as a comprehensive approach to supporting our defense posture and preserving these key industries in the U.S. This particular tariff is tactical and strategic for the U.S. --- and a totally different situation than the escalating tit-for-tat tariff situation with China.