Largest US Nail Producer Begins Layoffs

[Timshel]

I really don't want Trump to reap what he is sowing with his idiotic protectionism, because it's going to be bad and it won't be easy to fix.

http://thehill.com/homenews/administ...r-layoffs-asks

An executive for the largest U.S. nail producer who voted for President Trump said he is so dismayed by the president's trade policies that he is lobbying a Democratic senator for help.


George Skarich, vice president of sales for Missouri-based Mid Continent Nail Corporation, told The New York Times that his nail company could soon go out of business.





“He ran on ‘Make America Great Again,’ and the point was to defend and protect jobs in the United States,” Skarich told the Times.


“Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March.


The tariffs, Skarich said, prompted his company to have to raise its prices by almost 20 percent. Skarich told the Times that his company's orders have dropped by half this month, facing stiff competition from cheaper foreign manufacturers.


The company has reportedly cut 60 jobs and might cut up to 200 more in coming weeks. Skarich said he blames Trump for the layoffs.


Because of the tariffs, Skarich said he is lobbying Democratic Sen. Claire McCaskill (Mo.) for help.


In March, Trump implemented tariffs of 25 percent on imported steel and 10 percent on imported aluminum. On Friday, he threatened, in a tweet, to unilaterally impose a 20 percent tariff on European cars.

[cancel2 2022]

Let's get down to brass tacks, screw you.

[ThatOwlWoman]

Great example of "be careful what you wish for; you might get it."

[cancel2 2022]

Let's get down to brass tacks, screw you. I suppose the expression "short term pain for long term gain" means nothing to you.

[cancel2 2022]

Great example of "be careful what you wish for; you might get it."

I wish you would fuck off, do you think I might get it?

[Timshel]

Let's get down to brass tacks, screw you. I suppose the expression "short term pain for long term gain" means nothing to you.

Where is this long term gain going to come from?

The pain will just widen and drag us down further and further.

[Aarr!]

I wonder if Trump has heard of the Smoot-Hawley Act? That caused some pain. Not much gain, though.

[ThatOwlWoman]

Today, 07:14 AM
Havana Moron
Trump Arselicker
This message is hidden because Havana Moron is on your ignore list.

[cancel2 2022]

Where is this long term gain going to come from?

The pain will just widen and drag us down further and further.

Germany will forced to remove the 20% tariff it imposes on US cars.

https://www.wsj.com/articles/germany...ffs-1529492027

[cancel2 2022]

Today, 07:14 AM
Havana Moron
Trump Arselicker
This message is hidden because Havana Moron is on your ignore list.

Nobody believes you ffs

[Guno צְבִי]

I really don't want Trump to reap what he is sowing with his idiotic protectionism, because it's going to be bad and it won't be easy to fix.

http://thehill.com/homenews/administ...r-layoffs-asks

An executive for the largest U.S. nail producer who voted for President Trump said he is so dismayed by the president's trade policies that he is lobbying a Democratic senator for help.


George Skarich, vice president of sales for Missouri-based Mid Continent Nail Corporation, told The New York Times that his nail company could soon go out of business.





“He ran on ‘Make America Great Again,’ and the point was to defend and protect jobs in the United States,” Skarich told the Times.


“Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March.


The tariffs, Skarich said, prompted his company to have to raise its prices by almost 20 percent. Skarich told the Times that his company's orders have dropped by half this month, facing stiff competition from cheaper foreign manufacturers.


The company has reportedly cut 60 jobs and might cut up to 200 more in coming weeks. Skarich said he blames Trump for the layoffs.


Because of the tariffs, Skarich said he is lobbying Democratic Sen. Claire McCaskill (Mo.) for help.


In March, Trump implemented tariffs of 25 percent on imported steel and 10 percent on imported aluminum. On Friday, he threatened, in a tweet, to unilaterally impose a 20 percent tariff on European cars.

Remember when Obama was accused of picking winners and losers

[katzgar]

I wonder if Trump has heard of the Smoot-Hawley Act? That caused some pain. Not much gain, though.

that would require an education and trumpsters are uneducated so no he hasnt heard of how protectionism made the great depression deeper and longer.

[Guno צְבִי]

that would require an education and trumpsters are uneducated so no he hasnt heard of how protectionism made the great depression deeper and longer.

MAGA?

The consensus view among economists and economic historians is that the passage of the Smoot–Hawley Tariff exacerbated the Great Depression, although there is disagreement as to how much. A survey of 40 leading economists, including multiple Nobel laureates, has noted the Smoot–Hawley Tariff was a leading cause of the depression

[Timshel]

Germany will forced to remove the 20% tariff it imposes on US cars.

https://www.wsj.com/articles/germany...ffs-1529492027

That's a different set of tariffs, dumb dumb.

We are not likely to sell many cars in Europe anyway. There is no gain there, but a drop in tariffs would be good. I don't see any indication that is what Trump is actually after, though. Instead the idiot is obsessed with the trade deficit and thinks it represents a loss.

[Irish Exit]

Oh, my. I need to stockpile nails.....wait, I have a huge bin of nails where all nails go when the boxes fall apart....but then again, you never know when you will need more nails......10 more pounds should do me. I think my Chinese made plastic bin can hold at least that many.