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Politics : Formerly About Advanced Micro Devices
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To: Winfastorlose who wrote (1135597)5/20/2019 8:08:47 PM
From: Heywood402 Recommendations

Recommended By
rdkflorida2
sylvester80

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FatRump is a FOCKING TARIFF MORON

Honda said in a statement that "imprudent tariffs imposed on imported steel and aluminum would raise prices on both domestic and imported products, thus causing an unnecessary financial burden on our customers."

Ford said, "Despite the fact that Ford buys the vast majority of its steel and aluminum for U.S. production in the U.S., this action could result in an increase in domestic commodity prices — harming the competitiveness of American manufacturers."

In January, Ford warned that higher prices for metals such as aluminum and steel would be a significant drag on its earnings this year.

Toyota warned that the "decision to impose substantial steel and aluminum tariffs will adversely impact automakers, the automotive supplier community and consumers, as this would substantially raise costs and therefore prices of cars and trucks sold in America."

John Bozzella, who represents Global Automakers, a trade group representing foreign automakers, said, "investments earmarked for new products and plants will instead be funneled to pay for rising steel and aluminum prices used in existing products and facilities. There are better ways to address concerns about the American steel and aluminum industries. It's time to go back to the drawing board."
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