Hundreds of companies beg Trump not to commit economic suicide

[Denizen]

The only wall Trump has succeeded in building is a wall against imports, including imports from economic and military allies.

The real problem with the USA is that the US$ is too high against other currencies and this is mostly caused by the inflow of money to compensate for the burgeoning Federal debt.

Many US manufacturers rely on imports as input into their own US-manufactured goods and increased tariffs will increase the prices of those goods.

The question now is whether Trump is stupid enough to knock down the house of cards posing as the US economy.

The tax cut stimulus has fizzled out faster than a Trump thought, and the portents are not good for future economic growth.

Hundreds of Companies Beg Trump Not to Commit Economic Suicide

HUNDREDS OF COMPANIES BEG TRUMP NOT TO COMMIT ECONOMIC SUICIDE
“It’ll be the straw that breaks the camel‘s back for a lot of our companies.”
BY BESS LEVIN
JUNE 17, 2019

Last weekend, U.S. companies, consumers, and the economy scored a “victory” when Donald Trump announced that he would not be dragging the country into a second trade dispute with Mexico, after advisers presumably convinced him that he could claim the tariffs he’d threatened had brought our southern neighbors to heel, despite the fact that the border-security “concessions” they agreed to had already been negotiated months earlier. That was of course good news, but, at present, the U.S. still has its no good, very bad trade war with China to deal with, which the president has threatened to make even worse by imposing an extra $300 billion worth of levies on Chinese goods. And the groups that will pay for such a tax—which, it may surprise you to hear, are not the Chinese!—are pleading with Tariff Man not to go through with it.

Over the next week, hundreds of companies are expected to testify that Trump’s plan to ratchet up the tariffs on Beijing will hurt business growth, cause price hikes for consumers, and—wait for it—not actually achieve the president’s stated objectives. “It’ll be the straw that breaks the camel‘s back for a lot of our companies,”Karen Giberson, president and CEO of the Accessories Council, an industry group whose members include jewelry importers and fashion designers, told Politico.

More than 300 witnesses are expected to testify over the next seven days, with representatives from sectors that include semiconductors, energy, plumbing, software, home appliances, sports equipment, boat manufacturing, chemical firms, pet supplies, bicycles, and fireworks.

Mark Schneider, CEO of the clothing line Kenneth Cole Productions, told administration officials at a hearing in Washington that he has tried finding alternative sources of supply, such as Mexico, for the company's shoes and other products. But Trump's unpredictable trade policy—such as a recent threat to slap tariffs on Mexico over migration issues—has made it hard to know where to make sourcing decisions.

David Baer testified that his company, Element Electronics, is the only domestic manufacturer of TVs left in the U.S. The additional duties, however, would have the opposite effect of what the president wants in preserving domestic jobs. “We will be forced to shut down the South Carolina factory and move our production offshore,” Baer said. “We’re doing exactly what the administration is asking of American companies” by manufacturing in the U.S. but the tariffs would make costs for components too high to import, he said.

 

[Kilroy2]

If the economy is doing so well why is the budget deficit going up especially when there is no war going on and military spending should be going down

Yet under trump even though they estimate it this year at 657 B it may go up to what is estimated to be 956 B
2018 there was 890 B was spent

The 2nd country China spent 250 B
then SA at 67 B

Military spending historically has been the biggest reason for budget deficits.

Will any politician ever learn the lessons of history or will they be stuck in well its only money and I will be long gone before it becomes a problem

 

[Picaro]

So, a bunch of people cashing in on labor racketeering object to Trump's Policies? All they have to do is move down there and live among their cheap labor. Nothing keeping them here.

 

[Marion Morrison]

Made in USA! Buy American!

 

[Denizen]

If the economy is doing so well why is the budget deficit going up especially when there is no war going on and military spending should be going down

Yet under trump even though they estimate it this year at 657 B it may go up to what is estimated to be 956 B
2018 there was 890 B was spent

The 2nd country China spent 250 B
then SA at 67 B

Military spending historically has been the biggest reason for budget deficits.

Will any politician ever learn the lessons of history or will they be stuck in well its only money and I will be long gone before it becomes a problem

The benefits of increased military spending don't go to the men and women in the military, they go to the CEOs and shareholders of companies that supply war machines, weapons, and munitions. Increased military spending just enables the military-industrial complex to increase its prices.

 

[Issa]

Made in USA! Buy American!

Corn and cowboy hats ?

 

[Marion Morrison]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

 

[Issa]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

 

[Marion Morrison]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

 

[Dekster]

Just keep all your shipments under $2500 and do informal entry

 

[Issa]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

under silicone valley and blur states companies.

 

[Marion Morrison]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

under silicone valley and blur states companies.

Yeah, it's those blur states, fer sure.

Like Texas.

I left out Malaysia, Thailand, South Korea, and Vietnam.

 

[gtopa1]

The only wall Trump has succeeded in building is a wall against imports, including imports from economic and military allies.

The real problem with the USA is that the US$ is too high against other currencies and this is mostly caused by the inflow of money to compensate for the burgeoning Federal debt.

Many US manufacturers rely on imports as input into their own US-manufactured goods and increased tariffs will increase the prices of those goods.

The question now is whether Trump is stupid enough to knock down the house of cards posing as the US economy.

The tax cut stimulus has fizzled out faster than a Trump thought, and the portents are not good for future economic growth.

Hundreds of Companies Beg Trump Not to Commit Economic Suicide

HUNDREDS OF COMPANIES BEG TRUMP NOT TO COMMIT ECONOMIC SUICIDE
“It’ll be the straw that breaks the camel‘s back for a lot of our companies.”
BY BESS LEVIN
JUNE 17, 2019

Last weekend, U.S. companies, consumers, and the economy scored a “victory” when Donald Trump announced that he would not be dragging the country into a second trade dispute with Mexico, after advisers presumably convinced him that he could claim the tariffs he’d threatened had brought our southern neighbors to heel, despite the fact that the border-security “concessions” they agreed to had already been negotiated months earlier. That was of course good news, but, at present, the U.S. still has its no good, very bad trade war with China to deal with, which the president has threatened to make even worse by imposing an extra $300 billion worth of levies on Chinese goods. And the groups that will pay for such a tax—which, it may surprise you to hear, are not the Chinese!—are pleading with Tariff Man not to go through with it.

Over the next week, hundreds of companies are expected to testify that Trump’s plan to ratchet up the tariffs on Beijing will hurt business growth, cause price hikes for consumers, and—wait for it—not actually achieve the president’s stated objectives. “It’ll be the straw that breaks the camel‘s back for a lot of our companies,”Karen Giberson, president and CEO of the Accessories Council, an industry group whose members include jewelry importers and fashion designers, told Politico.

More than 300 witnesses are expected to testify over the next seven days, with representatives from sectors that include semiconductors, energy, plumbing, software, home appliances, sports equipment, boat manufacturing, chemical firms, pet supplies, bicycles, and fireworks.

Mark Schneider, CEO of the clothing line Kenneth Cole Productions, told administration officials at a hearing in Washington that he has tried finding alternative sources of supply, such as Mexico, for the company's shoes and other products. But Trump's unpredictable trade policy—such as a recent threat to slap tariffs on Mexico over migration issues—has made it hard to know where to make sourcing decisions.

David Baer testified that his company, Element Electronics, is the only domestic manufacturer of TVs left in the U.S. The additional duties, however, would have the opposite effect of what the president wants in preserving domestic jobs. “We will be forced to shut down the South Carolina factory and move our production offshore,” Baer said. “We’re doing exactly what the administration is asking of American companies” by manufacturing in the U.S. but the tariffs would make costs for components too high to import, he said.

Meh!! Not a problem if a level playing field; import dumping and harmful competitive practices that are unethical should be considered.

Greg

 

[Denizen]

Donald Trump has committed suicide and jumped into the abyss.

 

[Issa]

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

under silicone valley and blur states companies.

Yeah, it's those blur states, fer sure.

Like Texas.

I left out Malaysia, Thailand, South Korea, and Vietnam.

What's Texas has to offer without the blue cities ?

 

[Picaro]

Made in USA! Buy American!

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

under silicone valley and blur states companies.

The entire engineering staff and management of the I- Phone employed in the U.S. will fit around an average kitchen table. You don't know shit, and prove it yet again.

 

[Issa]

Corn and cowboy hats ?

Buck knives and Springfield Armory rifles.

And rakes.

Not enough...move over blue states are making the world's best technology. You just stick to forums and trump rallies.

Newsflash, retarded dumbass: 96% of all tech is made in China.

under silicone valley and blur states companies.

The entire engineering staff and management of the I- Phone employed in the U.S. will fit around an average kitchen table. You don't know shit, and prove it yet again.

Prove it.

Apple is one of thr biggest employers in the US.


“The number of Apple jobs based in the U.S. has more than quadrupled over the past decade, from less than 10,000 employees in 2002 to more than 47,000 today. That number more than doubles again when we include vendors that employ more than 50,000 people who directly support Apple.”

Apple also takes a jibe at rivals who have moved their call centers overseas, noting that it has 7,700 U.S.-based reps providing customer and tech support at 21 call centers in 15 states.

 

[Indeependent]

The only wall Trump has succeeded in building is a wall against imports, including imports from economic and military allies.

The real problem with the USA is that the US$ is too high against other currencies and this is mostly caused by the inflow of money to compensate for the burgeoning Federal debt.

Many US manufacturers rely on imports as input into their own US-manufactured goods and increased tariffs will increase the prices of those goods.

The question now is whether Trump is stupid enough to knock down the house of cards posing as the US economy.

The tax cut stimulus has fizzled out faster than a Trump thought, and the portents are not good for future economic growth.

Hundreds of Companies Beg Trump Not to Commit Economic Suicide

HUNDREDS OF COMPANIES BEG TRUMP NOT TO COMMIT ECONOMIC SUICIDE
“It’ll be the straw that breaks the camel‘s back for a lot of our companies.”
BY BESS LEVIN
JUNE 17, 2019

Last weekend, U.S. companies, consumers, and the economy scored a “victory” when Donald Trump announced that he would not be dragging the country into a second trade dispute with Mexico, after advisers presumably convinced him that he could claim the tariffs he’d threatened had brought our southern neighbors to heel, despite the fact that the border-security “concessions” they agreed to had already been negotiated months earlier. That was of course good news, but, at present, the U.S. still has its no good, very bad trade war with China to deal with, which the president has threatened to make even worse by imposing an extra $300 billion worth of levies on Chinese goods. And the groups that will pay for such a tax—which, it may surprise you to hear, are not the Chinese!—are pleading with Tariff Man not to go through with it.

Over the next week, hundreds of companies are expected to testify that Trump’s plan to ratchet up the tariffs on Beijing will hurt business growth, cause price hikes for consumers, and—wait for it—not actually achieve the president’s stated objectives. “It’ll be the straw that breaks the camel‘s back for a lot of our companies,”Karen Giberson, president and CEO of the Accessories Council, an industry group whose members include jewelry importers and fashion designers, told Politico.

More than 300 witnesses are expected to testify over the next seven days, with representatives from sectors that include semiconductors, energy, plumbing, software, home appliances, sports equipment, boat manufacturing, chemical firms, pet supplies, bicycles, and fireworks.

Mark Schneider, CEO of the clothing line Kenneth Cole Productions, told administration officials at a hearing in Washington that he has tried finding alternative sources of supply, such as Mexico, for the company's shoes and other products. But Trump's unpredictable trade policy—such as a recent threat to slap tariffs on Mexico over migration issues—has made it hard to know where to make sourcing decisions.

David Baer testified that his company, Element Electronics, is the only domestic manufacturer of TVs left in the U.S. The additional duties, however, would have the opposite effect of what the president wants in preserving domestic jobs. “We will be forced to shut down the South Carolina factory and move our production offshore,” Baer said. “We’re doing exactly what the administration is asking of American companies” by manufacturing in the U.S. but the tariffs would make costs for components too high to import, he said.

Are these the companies that off-shored to Asia and fired Americans to bring in Indian Business Visas?

 

[Marion Morrison]

The only wall Trump has succeeded in building is a wall against imports, including imports from economic and military allies.

The real problem with the USA is that the US$ is too high against other currencies and this is mostly caused by the inflow of money to compensate for the burgeoning Federal debt.

Many US manufacturers rely on imports as input into their own US-manufactured goods and increased tariffs will increase the prices of those goods.

The question now is whether Trump is stupid enough to knock down the house of cards posing as the US economy.

The tax cut stimulus has fizzled out faster than a Trump thought, and the portents are not good for future economic growth.

Hundreds of Companies Beg Trump Not to Commit Economic Suicide

HUNDREDS OF COMPANIES BEG TRUMP NOT TO COMMIT ECONOMIC SUICIDE
“It’ll be the straw that breaks the camel‘s back for a lot of our companies.”
BY BESS LEVIN
JUNE 17, 2019

Last weekend, U.S. companies, consumers, and the economy scored a “victory” when Donald Trump announced that he would not be dragging the country into a second trade dispute with Mexico, after advisers presumably convinced him that he could claim the tariffs he’d threatened had brought our southern neighbors to heel, despite the fact that the border-security “concessions” they agreed to had already been negotiated months earlier. That was of course good news, but, at present, the U.S. still has its no good, very bad trade war with China to deal with, which the president has threatened to make even worse by imposing an extra $300 billion worth of levies on Chinese goods. And the groups that will pay for such a tax—which, it may surprise you to hear, are not the Chinese!—are pleading with Tariff Man not to go through with it.

Over the next week, hundreds of companies are expected to testify that Trump’s plan to ratchet up the tariffs on Beijing will hurt business growth, cause price hikes for consumers, and—wait for it—not actually achieve the president’s stated objectives. “It’ll be the straw that breaks the camel‘s back for a lot of our companies,”Karen Giberson, president and CEO of the Accessories Council, an industry group whose members include jewelry importers and fashion designers, told Politico.

More than 300 witnesses are expected to testify over the next seven days, with representatives from sectors that include semiconductors, energy, plumbing, software, home appliances, sports equipment, boat manufacturing, chemical firms, pet supplies, bicycles, and fireworks.

Mark Schneider, CEO of the clothing line Kenneth Cole Productions, told administration officials at a hearing in Washington that he has tried finding alternative sources of supply, such as Mexico, for the company's shoes and other products. But Trump's unpredictable trade policy—such as a recent threat to slap tariffs on Mexico over migration issues—has made it hard to know where to make sourcing decisions.

David Baer testified that his company, Element Electronics, is the only domestic manufacturer of TVs left in the U.S. The additional duties, however, would have the opposite effect of what the president wants in preserving domestic jobs. “We will be forced to shut down the South Carolina factory and move our production offshore,” Baer said. “We’re doing exactly what the administration is asking of American companies” by manufacturing in the U.S. but the tariffs would make costs for components too high to import, he said.

Are these the companies that off-shored to Asia and fired Americans to bring in Indian Business Visas?

No, this is a company that started in India and came here to to make the goods closer to the intended market.