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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (1077137)	7/7/2018 5:07:44 PM
From: Brumar89	Respond to of 1578699

He wasn't fired for not doing his job. He was fired for bad media coverage. The President doesn't stand behind his people who are doing the job they were hired to do.

To: locogringo who wrote (1077137)	7/7/2018 5:13:19 PM
From: Brumar89	Respond to of 1578699

The U.S. job losses from Trump’s tariffs are starting to pile up [Photo: Samuel Zeller/Unsplash] BY MARK SULLIVAN2 MINUTE READ Donald Trump said his administration’s tariffs on imports would create U.S. jobs. But the list of companies blaming the tariffs for job losses—or expressing concern about future cuts—is growing: Among the first was Harley-Davidson, which announced that it was moving some of its operations overseas because Trump’s tariffs will raise prices of its bikes in the U.S. and shrink the market. The company hasn’t said exactly how many jobs will be affected. The country’s biggest nail maker, Mid-Continent Nail, said it laid off 60 U.S. employees on June 15 and that the whole company might go out of business by Labor Day. The Missouri company had been importing the steel for its nails from Mexico before the Trump administration placed a 25% tariff on the steel. REC Silicon, which manufactures polysilicon for solar equipment, said it laid off 100 workers at its factory in Washington State because of the U.S.’s ongoing trade dispute with China. The company said its Washington plant has gone down to a quarter of its production capacity because of the dispute. The Solar Energy Industries Association estimates that new tariffs imposed by the Trump administration in January will remove 23,000 jobs from the U.S. solar industry. General Motors sent a letter to the Commerce Department complaining that further tariffs on imported auto parts and materials could result in higher car prices and, ultimately, a smaller GM. BMW sent a similar letter to the Commerce Department, saying that new tariffs imposed for national security reasons on EU-assembled cars could lead to job cuts at the company’s South Carolina plant. Volvo just opened a new plant in Ridgeville, South Carolina, and promised that 4,000 new employees would eventually work there. The company is now saying it may have to break its hiring promise because of the Trump administration’s steel tariffs and the threat of retaliatory tariffs by other countries. A study by the U.S. Chamber of Commerce says “recent and proposed” trade actions by the Trump administration threaten as many as 2.6 million American jobs and will “stymie our economic resurgence. ”In his first press conference after winning the presidency, Trump proclaimed: “I said that I will be the greatest jobs producer that God ever created–and I mean that.” The president and administration officials have pushed the view that the tariffs will eventually create jobs and bring jobs back from overseas. Indeed U.S. Steel announced the re-opening of a steel plant, and the rehiring of 300 workers, as a result of the new steel tariffs. Overall, however, most economists believe the tariffs will be a job killer. The Tax Foundation estimates that the Trump tariffs will immediately result in the loss of 48,585 jobs and that job losses could number as high as 250,000 if Trump goes ahead with plans to impose new tariffs on another $200 billion worth of Chinese products. fastcompany.com

To: locogringo who wrote (1077137)	7/7/2018 5:17:13 PM
From: Brumar89	Respond to of 1578699

Fox Business host on Trump tariffs: 'We'd be shouting' if Obama did this BY MORGAN GSTALTER - 07/06/18 02:23 PM EDT Fox Business Network host Dagen McDowell said on Friday that conservatives would be “shouting to the high heavens” if former President Obama had implemented massive tariffs the way President Trump has. McDowell, speaking on Fox News’s “Outnumbered,” said there has been a lack of criticism for Trump over escalating trade conflicts between the U.S. and other countries. “If President Obama had pulled what we’ve seen in the last six months, we would be shouting to the high heavens, blowing the roof off this building about how Obama was killing the American farmer,” McDowell said. Trump's 25 percent tariffs on China went into effect Friday, costing China roughly $34 billion in import duties. China accused Trump of starting “the biggest trade war in economic history” and its announced plans to immediately respond with retaliatory tariffs on U.S. exports including soybeans, seafood, SUVs and crude oil, according to CNN. “This is just the beginning,” McDowell said. One out of every three rows of soybeans grown in this country goes to China, McDowell said. “It hits heartland, it hits the Trump voter,” she said. Trump has threatened another set of tariffs, worth approximately $16 billion, for later this month — China has promised to respond with additional tariffs on U.S. goods. “But the president clearly is not stopping there,” McDowell said. McDowell questioned why Trump did not reach out to longtime U.S. trade allies like Canada and the European Union — two allies on which Trump has also imposed steep tariffs. Trump initially exempted Mexico, Canada and the EU from his hefty steel and aluminum tariffs, later choosing to move forward with them, citing national security concerns. Mexico moved forward with its second round of tariffs on Thursday, hitting the U.S. with $3 billion worth of tariffs on agricultural products. thehill.com