Ford President: “U.S. steel costs are more than anywhere else in the world" Thanks To Trump Tariffs

[g5000]

https://www.bloomberg.com/news/arti...ariffs-makes-u-s-steel-costliest-in-the-world
Ford Ratchets Up Rebuke of Trump Tariffs as Steel Costs Rise

Ford Motor Co. said Donald Trump’s tariffs have made steel more expensive in the U.S. than any other market, escalating the company’s criticism of the president’s trade war.

“U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said Monday at an event marking the start of Ranger pickup production at a factory west of Detroit. He added that Ford is talking to the administration about the tariffs: “We tell them that we need to have competitive costs in our market in order to compete around the world.”

Ford Chief Executive Officer Jim Hackett last month called on President Donald Trump’s administration to resolve trade disputes quickly, warning that they would otherwise do more damage to the second-largest American automaker. He said the company sustained a roughly $1 billion hit to profit despite the fact that it sources most of its metals from the U.S.



But, hey, liberal labor unions love this protectionist shit our New York limousine liberal Presidents has enacted.

 

[g5000]

Caterpillar drops the most since 2015 after industrial giant says costs are rising from tariffs

“Manufacturing costs were higher due to increased material and freight costs. Material costs were higher primarily due to increases in steel prices and tariffs,” the company says.

 

[rightwinger]

Making America Great......

My ass

 

[miketx]

Fake news.

 

[TheDude]

US steel is likely the best produced steel in the world too. With my hobby, those in the know want American made.

 

[The2ndAmendment]

Which is why it's the strongest and most well forged and pure steel in the world.

 

[Toronado3800]

Ford Ratchets Up Rebuke of Trump Tariffs as Steel Costs Rise

Ford Motor Co. said Donald Trump’s tariffs have made steel more expensive in the U.S. than any other market, escalating the company’s criticism of the president’s trade war.

“U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said Monday at an event marking the start of Ranger pickup production at a factory west of Detroit. He added that Ford is talking to the administration about the tariffs: “We tell them that we need to have competitive costs in our market in order to compete around the world.”

Ford Chief Executive Officer Jim Hackett last month called on President Donald Trump’s administration to resolve trade disputes quickly, warning that they would otherwise do more damage to the second-largest American automaker. He said the company sustained a roughly $1 billion hit to profit despite the fact that it sources most of its metals from the U.S.



But, hey, liberal labor unions love this protectionist shit our New York limousine liberal Presidents has enacted.

I like the tariffs. They could have been implimented more adultly and slowly but they're fine. I'm fine with new cars costing 10% more. ppl will still need them or mechanics.

 

[Bootney Lee Farnsworth]

Ford Ratchets Up Rebuke of Trump Tariffs as Steel Costs Rise

Ford Motor Co. said Donald Trump’s tariffs have made steel more expensive in the U.S. than any other market, escalating the company’s criticism of the president’s trade war.

“U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said Monday at an event marking the start of Ranger pickup production at a factory west of Detroit. He added that Ford is talking to the administration about the tariffs: “We tell them that we need to have competitive costs in our market in order to compete around the world.”

Ford Chief Executive Officer Jim Hackett last month called on President Donald Trump’s administration to resolve trade disputes quickly, warning that they would otherwise do more damage to the second-largest American automaker. He said the company sustained a roughly $1 billion hit to profit despite the fact that it sources most of its metals from the U.S.



But, hey, liberal labor unions love this protectionist shit our New York limousine liberal Presidents has enacted.

That has not changed under Trump. It's been that way for at least 2 decades. Look at the shit dump U.S. steel became. China has been ass-raping us on steel since William Jefferson Davis "Boogie Nights" Clinton.

I think Trump is forcing this situation to get opposing tariffs removed.

 

[Pogo]

US steel is likely the best produced steel in the world too. With my hobby, those in the know want American made.

You're a sword swallower?

 

[Claudette]

US Steel a big winner after tariffs boost prices

 

[McRocket]

'John Hinrichs, Ford's head of global operations, said the Trump administration's metal tariffs have made U.S. steel prices the most expensive in the world thanks to the President's trade war with China, reported The Detroit News.

"U.S. steel costs are more than anywhere else in the world," Hinrichs said Monday at a Michigan Assembly plant marking the start of Ranger pickup production. Hinrichs said Ford officials have been communicating with the Trump administration about the tariffs: "The government knows our position about where we need to be in order to be competitive globally. We tell them that we need to have competitive costs in our market to be able to compete around the world."

Ford CEO Jim Hackett called on President Trump last month to resolve trade disputes, warning that the second-largest American automaker could experience severe financial damage. He said the steel and aluminum tariffs were projected to cost Ford roughly $1 billion because it sources most of its metals from U.S. companies.'

Ford Says US Steel Most Expensive In The World Due To Trump's Tariffs


Large tariffs/trade wars are bad for business...period.

 

[BlackFlag]

Which is why it's the strongest and most well forged and pure steel in the world.

It’s so great it need massive artificial controls by the big fed gubmint to make up for the total lack of demand for it

 

[TheDude]

You just as well delete this, it's a duplicate. Besides, it would save yourself the embarrassment the other poster is now experiencing.

 

[BlackFlag]

US Steel a big winner after tariffs boost prices

Yeah steel wins, every industry that buys steel loses. Also, steel doesn’t win all that much.

 

[dudmuck]

US Steel a big winner after tariffs boost prices

Washington Examiner was on the mark on this one, for once.
When government picks winners and losers, it pays to be a winner

 

[kyzr]

Trust me, you don't want to drive over a bridge made with Chinese steel. Tariffs are a good thing when it comes to steel & aluminum.

 

[TheDude]

Trust me, you don't want to drive over a bridge made with Chinese steel. Tariffs are a good thing when it comes to steel & aluminum.

Ha ha, no shit. Our steel rocks, I mean steels. There's a big difference.

You want something strong and stable buy US steel.

You want a tiny screw for your smartphone cover buy Chinese.

 

[Claudette]

US Steel a big winner after tariffs boost prices

Yeah steel wins, every industry that buys steel loses. Also, steel doesn’t win all that much.

Well dipshit. That's capitalism.

 

[BasicHumanUnit]

Funny, but when the Chinese effectively raise tariffs on US products through unfair trade practices, Americans Lose BILLION upon BILLIONS.....but you don't hear the left whining when the Chinese are the ones flucking America. They only get upset when America fights back.

 

[Bootney Lee Farnsworth]

Funny, but when the Chinese effectively raise tariffs on US products through unfair trade practices, Americans Lose BILLION upon BILLIONS.....but you don't hear the left whining when the Chinese are the ones flucking America. They only get upset when America fights back.

Because the plan for the world is communist shit. America competes with commie nonsense and makes it undesirable to the masses.

The solution is to destroy America so that communism can finally exist without competition.

Fuckin' commies.