Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
“But Reuters interviews with more than a dozen small to mid-sized manufacturing executives and recent U.S. economic data reveal Trump’s protectionist trade policy is starting to lead some of them to take a more cautious approach, and forcing them to put new investment and hiring plans on hold.
...
But the tariffs, which came into effect on March 23, have driven up raw material costs and caused supply delays, rendering the manufacturers’ “Made in the USA” products uncompetitive against their foreign rivals, according to these manufacturing company executives.”
When Bush tried steel tariffs more jobs were lost in industries that used steel than the entire number of workers that produced steel.
If you’re too stupid to learn from history......
Rinse and repeat.
Quote:
”We found there were 10 times as many people in steel-using industries as there were in steel-producing industries,” Alexander said. “They lost more jobs than exist in the steel industry.
“But Reuters interviews with more than a dozen small to mid-sized manufacturing executives and recent U.S. economic data reveal Trump’s protectionist trade policy is starting to lead some of them to take a more cautious approach, and forcing them to put new investment and hiring plans on hold.
...
But the tariffs, which came into effect on March 23, have driven up raw material costs and caused supply delays, rendering the manufacturers’ “Made in the USA” products uncompetitive against their foreign rivals, according to these manufacturing company executives.”
Conservative Motto: Attack any liberals, democrats and former democratic presidents whenever faced with overwhelming facts that don't fit their agenda.
Status:
"Smartened up and walked away!"
(set 20 days ago)
11,767 posts, read 5,780,104 times
Reputation: 14185
From an AgWeb article - “While historical growth rates have been impressive, recent forecasts suggest the Chinese economy is unable to maintain that growth rate,”
Many of the items where orders have decreased are due to their economy - not that the tariffs haven't added to this but China's economy. China's economy is growing at a marginally reduced annual rate of 7.7% per annum.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
