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US companies facing nightmares on tariffs; may cut jobs or move production overseas


http://money.cnn.com/2018/06/29/news/companies/tariffs-companies-exclusions/index.html
http://money.cnn.com/2018/06/29/news/companies/gm-car-prices-auto-tariff/index.html

Harley Davidson
Mid-Continent Nail
General Motors
etc.

Not sure how many can be exempt though without affecting costs.

#MAGA

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Everything is made in china so I am not sure what the problem is. My Tundra was made in mexico.

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The problem is you're going to have to pay more because of tariffs.

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Then I assume that would be a good excuse not move a company overseas and buy local.

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That's the problem. Like you said yourself, everything is already made in China or Mexico. There is no real US manufacturing sector anymore, so you don't have the option of buying local.

That means your prices go up.

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Ridiculous comment. The US is the world's second largest manufacturer and our manufacturing output is bigger than ever. For someone who claims to have an economics background, you sure don't know shit about the US economy.

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Reported.

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Nice try. I never said anything insulting.

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Read your post again before it gets deleted.

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lulz. I'm talking about the traditional manufacturing sector genius; automotive, steel, and industrial machinery; all things that one typically thinks of with the mention of "manufacturing" and none of which has any real manufacturing base left standing here. The 25% trump tax on steel and aluminum will significantly effect the price of many consumer goods produced in these industries that abandoned the factories in the stickvilles where you live for the even cheaper unskilled labor markets overseas. I have no doubt you're intimately familiar seeing how those companies left your region destitute.

Yes the US still has a vibrant ADVANCED manufacturing high tech sector HQ'd here in Silicon Valley and the west coast where I work that revolves around fab labs, pharmaceuticals and the like. But its not like this industry won't be effected by tariffs either when many components are still assembled and imported from Chinese factories owned by US companies. But this industry requiring skilled labor and advanced degrees really has nothing in common with your 96k aluminum mill manufacturing job in Kentucky. So when the time comes that Reynolds decides to lay you off and you no longer have a union to protect you, you can thank Trump for your lot in life and conservative justices on the Supreme Court for making your union unviable.

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No one's a winner in this situation.

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US will eventually win in the long run but the ones hurt are the consumers as businesses find ways to recoup lost revenue by passing it onto them. Some businesses may not be able to handle that though if they rely on imports from other countries.

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I'm thinking about the people that will be hurt financially.

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It’s funny how demokkkrats understand and shit their diapers over higher costs from tarrifs, but can’t seem to understand higher costs from raising taxes.

The difference is taxes last forever and exist to line the pockets of DC. These tarrifs are a temporary tool to allow the US to finally fight back in the lopsided trade wars that have always existed.

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