VOLVO looks to cancel 4,000 job expansion in SC due to Trump tariffs

[centerleftFL]

DUPED, SORRY!!

 

[centerleftFL]

Nothing to add to this...

Volvo may cancel 4,000 worker job expansion in Trump-friendly South Carolina after being rocked with tariffs: report

TOM BOGGIONI
10 JUL 2018 AT 10:30 ET

Wall Street Journal, BMW, Daimler and China’s Zhejiang Geely Holding’s Volvo Cars have been making massive investments in production facilities with the intent of making more luxury automobiles in the U.S. that would then be sent overseas. However, Trump’s imposition of new tariffs on Chinese goods — causing China to engage in a trade war by imposing their own 40 percent tariff on auto imports — has manufacturers considering scaling back production and, with that, not hiring new assembly line workers.

The report states that “Volvo Cars also opened a new $1.1 billion plant near Charleston, S.C., last month to produce its S60 midsize sedan for North American markets,” with plans to begin production of a SUV model that they hoped to export to China.Under that scenario the company would go on a hiring binge, boosting current staff from 1,200 to 4000 workers. That plan is currently being questioned...


Volvo may cancel 4,000 worker job expansion in Trump-friendly South Carolina after being rocked with tariffs: report

 

[grainbely]

Nothing to add to this...

Volvo may cancel 4,000 worker job expansion in Trump-friendly South Carolina after being rocked with tariffs: report

TOM BOGGIONI
10 JUL 2018 AT 10:30 ET

Wall Street Journal, BMW, Daimler and China’s Zhejiang Geely Holding’s Volvo Cars have been making massive investments in production facilities with the intent of making more luxury automobiles in the U.S. that would then be sent overseas. However, Trump’s imposition of new tariffs on Chinese goods — causing China to engage in a trade war by imposing their own 40 percent tariff on auto imports — has manufacturers considering scaling back production and, with that, not hiring new assembly line workers.

The report states that “Volvo Cars also opened a new $1.1 billion plant near Charleston, S.C., last month to produce its S60 midsize sedan for North American markets,” with plans to begin production of a SUV model that they hoped to export to China.Under that scenario the company would go on a hiring binge, boosting current staff from 1,200 to 4000 workers. That plan is currently being questioned...


Volvo may cancel 4,000 worker job expansion in Trump-friendly South Carolina after being rocked with tariffs: report

How long before Trump attacks this company for making a sound financial business decision based on cause and effect?

 

[Mr Natural]

More winning!

 

[CarlinAnnArbor]

Why two threads on this by the same poster?

 

[centerleftFL]

Why two threads on this by the same poster?

Damned if I know. It wasn't intentional. Can I remove one myself?

 

[CarlinAnnArbor]

I think so. Not sure though

 

[iamwhatiseem]

Uh... this is an exact duplicate of another thread.

 

[centerleftFL]

I think so. Not sure though

Tried, no luck, don't see a 'button'. So I reported it.

 

[shockedcanadian]

Maybe Volvo will win and the Dems will take back the House and get rid of their tax breaks. Then the sob's can really leave.

They don't want to compete, another company will.

 

[TheOldSchool]

Maybe Volvo will win and the Dems will take back the House and get rid of their tax breaks. Then the sob's can really leave.

They don't want to compete, another company will.

Yes the big gubmint intervention will mean a shittier company will step in, charge more, sell less, and lower everyone’s quality of life a little bit. Liberal tariffs are super smart.

 

[TomParks]

More hot air that’s all.......

 

[JakeStarkey]

Trump winning!

 

[shockedcanadian]

Maybe Volvo will win and the Dems will take back the House and get rid of their tax breaks. Then the sob's can really leave.

They don't want to compete, another company will.

Yes the big gubmint intervention will mean a shittier company will step in, charge more, sell less, and lower everyone’s quality of life a little bit. Liberal tariffs are super smart.

It's Europe, Canada and others that are intervening, America is returning the favor to pressure them to change their ways. Germany has already announced a decrease in auto tariffs, others who refuse to, will pay the price.

If I am Trump, I apply auto tariffs to the EU, Canada and others. If you don't hit their big ticket items, it's a much slower process. Hit them hard on $50K+ vehicles, help the U.S Treasury and force companies to make in America again.

The exploitation has to end there is no question. Most of the innovation comes from America, yet, all the jobs are shipped elsewhere while they happily sell in the same market they cut employment in. America is the Golden Goose that keeps on giving, and the goose eventually can't lay any more eggs.

 

[Preacher]

Title is a lie. NOTHING in the BS article says they are looking to cancel it.

 

[tigerred59]

Yaw keep thinking that Trump knows what he doing, keep showing up at his rallies, keep making excuses for the clown....Karma is a bitch and you white mf's are soooo long overdue!!

 

[TheOldSchool]

Maybe Volvo will win and the Dems will take back the House and get rid of their tax breaks. Then the sob's can really leave.

They don't want to compete, another company will.

Yes the big gubmint intervention will mean a shittier company will step in, charge more, sell less, and lower everyone’s quality of life a little bit. Liberal tariffs are super smart.

It's Europe, Canada and others that are intervening, America is returning the favor to pressure them to change their ways. Germany has already announced a decrease in auto tariffs, others who refuse to, will pay the price.

If I am Trump, I apply auto tariffs to the EU, Canada and others. If you don't hit their big ticket items, it's a much slower process. Hit them hard on $50K+ vehicles, help the U.S Treasury and force companies to make in America again.

The exploitation has to end there is no question. Most of the innovation comes from America, yet, all the jobs are shipped elsewhere while they happily sell in the same market they cut employment in. America is the Golden Goose that keeps on giving, and the goose eventually can't lay any more eggs.

Germany hasn’t announced shit. And tariffs 100% of the time, proven throughout history, are wealth destroyers. You hate Canada with all your vapid soul, but you want the U.S to copy them? Unbelievable.

 

[busybee01]

Maybe Volvo will win and the Dems will take back the House and get rid of their tax breaks. Then the sob's can really leave.

They don't want to compete, another company will.

Yes the big gubmint intervention will mean a shittier company will step in, charge more, sell less, and lower everyone’s quality of life a little bit. Liberal tariffs are super smart.

It's Europe, Canada and others that are intervening, America is returning the favor to pressure them to change their ways. Germany has already announced a decrease in auto tariffs, others who refuse to, will pay the price.

If I am Trump, I apply auto tariffs to the EU, Canada and others. If you don't hit their big ticket items, it's a much slower process. Hit them hard on $50K+ vehicles, help the U.S Treasury and force companies to make in America again.

The exploitation has to end there is no question. Most of the innovation comes from America, yet, all the jobs are shipped elsewhere while they happily sell in the same market they cut employment in. America is the Golden Goose that keeps on giving, and the goose eventually can't lay any more eggs.

The US already has tariffs on light trucks. That means we should be prepared to end those as well as the 12,000 tariffs we have in place. We have a trade surplus with Canada.

 

[busybee01]

Title is a lie. NOTHING in the BS article says they are looking to cancel it.

It is logical. If the cost of production in the US puts you at a competitive disadvantage in foreign markets then you have no choice.

 

[JakeStarkey]

If tariffs force a business to go overseas, that's just business.

And be honest about why.