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First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard

 
Anonymous Coward
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07/10/2018 11:16 AM
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First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
[link to fortune.com]




Trump's Tariffs Have Led to Layoffs at U.S. Manufacturers

Despite his promising to be “the greatest jobs producer that God ever created” after winning the presidency, Trump’s recent slew of overseas tariffs has led to an increasing number of job losses at home.

America’s largest nail manufacturer, Mid-Continent Nail, became the first company to lay off employees as a result of Trump’s tariffs in mid-June. The Missouri-based company made its nails with steel imported from Mexico, but Trump’s 25% tax on steel dealt a blow to production. Sixty employees lost their jobs, and the whole company—which employs 500—could be out of business by Labor Day, said the Washington Post.

REC Silicon, which produces polysilicon for solar equipment, laid off 100 employees Monday as a “direct result of the ongoing solar trade dispute between China and the United States,” said company officials. The manufacturer has been closed off to the Chinese market since 2014, affecting overall sales. The Washington state-based company has reduced production to about a quarter of capacity due to these trade disputes.
Anonymous Coward
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07/10/2018 12:49 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Trump countines to destory the american economy

The blue wave is coming
Anonymous Coward
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07/10/2018 01:13 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Trump countines to destory the american economy

The blue wave is coming
 Quoting: Anonymous Coward 73584006


Take an econ class. Learn why the nail managers would do this. Learn what happens next.

But you can't because you don't even see that the obummer was fucking shit up in 2014....well before that too.
Anonymous Coward
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07/10/2018 01:14 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
Anonymous Coward
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Russian Federation
07/10/2018 01:17 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


Tariffs are always about fleecing the sheep under ‘patriotic’ disguise. Sadly it works 100% of the time, just like beverage tax was pushed using ‘funds for children’ as excuse. When will sheeptards ever learn.

tardpicksheep
Anonymous Coward
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07/10/2018 01:18 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


How?
Even if you get jobs back too many young people don't know how to work.
They're not interested!
They rather get handouts and have the day off.
Either that or opioids!

Mexicans all got turned back at the border.
Turns out mexico is going to build and pay for a wall, but its the southern border to central america!

You got punked america!
Mexico punked trump!



.
Anonymous Coward
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07/10/2018 01:21 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
I don't think a blue wave will happen.
Haanaah16

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07/10/2018 01:32 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
I got laid off 3 weeks ago from a large corporation owned manufacturing company of defense articles. About 15 of us got laid off.
Flying Elvii

User ID: 68199120
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07/10/2018 01:36 PM

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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
[link to fortune.com]




Trump's Tariffs Have Led to Layoffs at U.S. Manufacturers

Despite his promising to be “the greatest jobs producer that God ever created” after winning the presidency, Trump’s recent slew of overseas tariffs has led to an increasing number of job losses at home.

America’s largest nail manufacturer, Mid-Continent Nail, became the first company to lay off employees as a result of Trump’s tariffs in mid-June. The Missouri-based company made its nails with steel imported from Mexico, but Trump’s 25% tax on steel dealt a blow to production. Sixty employees lost their jobs, and the whole company—which employs 500—could be out of business by Labor Day, said the Washington Post.

REC Silicon, which produces polysilicon for solar equipment, laid off 100 employees Monday as a “direct result of the ongoing solar trade dispute between China and the United States,” said company officials. The manufacturer has been closed off to the Chinese market since 2014, affecting overall sales. The Washington state-based company has reduced production to about a quarter of capacity due to these trade disputes.
 Quoting: Anonymous Coward 73584721


If you had READ the article, you would have known that they have been LOCKED OUT of the Chinese markets since 2014, because China doesn’t want competition for strategic Industries.

That is EXACTLY what Trump is doing now, to China.

Let us know when you get that recto- cranial inversion done.
Anonymous Coward
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07/10/2018 01:51 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


Tariffs are always about fleecing the sheep under ‘patriotic’ disguise. Sadly it works 100% of the time, just like beverage tax was pushed using ‘funds for children’ as excuse. When will sheeptards ever learn.

tardpicksheep
 Quoting: Anonymous Coward 75654279


Tarriffs can also be used as a way to drive out fair trade.
Carnac

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07/10/2018 02:03 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Trump countines to destory the american economy

The blue wave is coming
 Quoting: Anonymous Coward 73584006


Mid-continent nail is a subsidiary of a Mexican company.

Wholly owned by a MEXICAN COMPANY.

The wire used to make the nails is made in Mexico.

It would be wise to NOT take these layoffs at face value... may be more of a publicity stunt that you are falling for.
Anonymous Coward
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07/10/2018 02:04 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Guess those ceo's and their companies need to learn to adapt to the changing business climate.

Or die.
Anonymous Coward
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07/10/2018 02:05 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


Tariffs are always about fleecing the sheep under ‘patriotic’ disguise. Sadly it works 100% of the time, just like beverage tax was pushed using ‘funds for children’ as excuse. When will sheeptards ever learn.

tardpicksheep
 Quoting: Anonymous Coward 75654279


You lie, fucker.
Anonymous Coward
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Chile
07/10/2018 02:11 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
THIS IS SERIOUS PEOPLE! What are we going to do without nails, really they are the most basic thing and
we won't have them anymore. How are we going to build anything without nails? I am heading out to the hardware store to buy a ton now before the shortage kicks in.
Anonymous Coward
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07/10/2018 02:19 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
[link to fortune.com]




Trump's Tariffs Have Led to Layoffs at U.S. Manufacturers

Despite his promising to be “the greatest jobs producer that God ever created” after winning the presidency, Trump’s recent slew of overseas tariffs has led to an increasing number of job losses at home.

America’s largest nail manufacturer, Mid-Continent Nail, became the first company to lay off employees as a result of Trump’s tariffs in mid-June. The Missouri-based company made its nails with steel imported from Mexico, but Trump’s 25% tax on steel dealt a blow to production. Sixty employees lost their jobs, and the whole company—which employs 500—could be out of business by Labor Day, said the Washington Post.

REC Silicon, which produces polysilicon for solar equipment, laid off 100 employees Monday as a “direct result of the ongoing solar trade dispute between China and the United States,” said company officials. The manufacturer has been closed off to the Chinese market since 2014, affecting overall sales. The Washington state-based company has reduced production to about a quarter of capacity due to these trade disputes.
 Quoting: Anonymous Coward 73584721




wrong, they were losing money prior to the tariffs

nice try though libtard
Anonymous Coward
User ID: 76686586
Chile
07/10/2018 02:41 PM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
THIS IS SERIOUS PEOPLE! What are we going to do without nails, really they are the most basic thing and
we won't have them anymore. How are we going to build anything without nails? I am heading out to the hardware store to buy a ton now before the shortage kicks in.
 Quoting: Anonymous Coward 76686586


Sorry, thinking about it now, I was wrong. I guess American nail manufacturers will hire more people now, raise wages and open up new nail factories to replace those being laid off now. Was just a headline panic on my part. This will just take a little time. Sorry.
Anonymous Coward
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09/19/2019 03:49 AM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
The US and China are both police states, but there are differences.

The US used to be a moral, free, and peaceful country with decreasing debt. Now the USA is an immoral bankrupt warmongering police state.

China is not famous for being a free country.

Americans used to believe in personal responsibility, but today Americans have no pride and embrace welfare. Some Americans are resisting tyranny by dropping out and going Galt and draining welfare while refusing to work and pay taxes.

Welfare in China is not very generous or developed, but many Chinese evade taxes. Accepting welfare is considered to be shameful by some Chinese.

The Chinese are more optimistic because China had no freedom before, but became a little more free.

The US is pessimistic now because Americans had freedom before, but are now embracing tyranny.

The US used to believe in free trade and immigration, but now Americans want to be like North Korea and have closed borders.

The USA used to believe in freedom and the free market, but now Americans have become like retarded children who want their beloved government overlords to decree that rents be cheap and the minimum wage be high and tell Americans what to think, what to do, what to wear, what to eat, and where to live.

Americans used to fight Commies and Nazis, but have now become Commies and Nazis.

Absolutely disgusting.
Anonymous Coward
User ID: 76983809
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09/19/2019 03:57 AM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


Tariffs are always about fleecing the sheep under ‘patriotic’ disguise. Sadly it works 100% of the time, just like beverage tax was pushed using ‘funds for children’ as excuse. When will sheeptards ever learn.

tardpicksheep
 Quoting: Anonymous Coward 75654279

hesright
Vicious Deplorable dollop
You ain't seen nothing yet!

User ID: 41656767
United States
09/19/2019 04:01 AM

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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
ohlook
Oh' What the Hell, do I look like I want to die in some nursing home one day...
Electing President Donald J. Trump Is The Revolution!!! Hell Yeah!!!
America must have 3 new Constitutional Amendments...
1. Drug Tests and Mental Evaluations on all politicians and judges randomly five times per year.
2. Term Limits for Federal politicians and judges.
3. Mental and health standards for Supreme Court Justices and retirement age set.
Crooked Hillary - Lock Her Up... Lock Her Up !!!
Obama- A Lawless marxist-islamic.
Democrats are a loose knit group of ideologues who only share the common goal of destroying our Constitutional Republic. They should be agitated against each other until they splinter and eat each other.
All the marxists-islamics, Drug Addicts, Pedos, and Homos love Hillary and hate President Trump.
All Pedos And Their Supporters Must Face Justice And Be Publicly Hanged.
Let Justice Be Done Though The Heavens Fall.
Anonymous Coward
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09/19/2019 04:05 AM
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Re: First layoffs and now companies going out of business because of Trump's tariffs hitting Americas heartland hard
Some of the tariffs have backfired in the short term, but hopefully they work out in the end
 Quoting: Anonymous Coward 60905062


Tariffs are always about fleecing the sheep under ‘patriotic’ disguise. Sadly it works 100% of the time, just like beverage tax was pushed using ‘funds for children’ as excuse. When will sheeptards ever learn.

tardpicksheep
 Quoting: Anonymous Coward 75654279


You lie, fucker.
 Quoting: Anonymous Coward 52717184

iamwith





GLP