Chicago-area manufacturer to lay off 150 people, move operations to Mexico, to avoid tariffs on Chinese metal
The worst part is, even after Orange Clown Dimwit Donnie is gone, these jobs usually never come back.
Oh it's far worse than that - the companies that establish businesses based on his changes in policy (such as removing restictions on something) can't just be moved away. If they establish an oil drilling rig, they have legal repercussions to being told that the law is changing and they can't drill now. Cleanup of this disaster will take far longer than most even presume now, which is about the only reason anyone sane would want Mueller to hurry up.
this tariff BS is the biggest and most blatantly incompetent thing trump has endorsed. I cant believe it hasnt sparked nationwide resistance -- its killings hundreds of real local and/or small businesses, every week.
You were told a lot of things.
Wait. This isn’t winning?
I don’t think he was talking to us when he said that.
Putin seems to be doing really well.
That really sucks. They make metal safes so it's understandable that a tariff on metal would sink them. As someone that lives and works in Chicago I hate it when any company closes nearby. Wish we could do something about it but there isn't much to do when the federal government gets high off red pills and goes insane.
Vote. Get everyone you know to do the same. It's our best first step towards stopping the bleeding.
Sorry but no the fact is China undercuts everyone by selling for less then the raw materials cost it's been proven. China is a piece of shit trump is a piece of shit but this problem has been decades in the making by admins both sides mil ind you allowing China to dick over the us and other nations sad as it us what trump is doing should have been done years and years ago before it got as fucked as it is.
Yeah. But no one else is participating in this tarrif so China can just export to other western companies, putting ours at a disadvantage.
If you want to clamp down on China you need the WTO and huge trade agreements like the TPP otherwise we just fuck ourselves over like right now.
If they really are dumping steel in the US, why don't people use the WTO rules to fight it? That is exactly the kind of thing the WTO handles.
This is exactly what the experts have been warning us about. The only people this is helping is the American steel industry.
The American steel industry can't keep up with the current demand in this country, so how is this going to help the average American company that requires steel and aluminum.
There is a global economy and we have to part of it, this America only stuff isn't a viable option and most individuals with a basic understanding of macro econimics should know that.
About 25 years ago American steel could have walked through these orders. Look at what US Steel did in 96, when it folded and couldn't even pay it's employees self funded pensions as the CEO's walked away with millions. Look at the way China leveraged the market over the past 15 years and drove the price of steel into the ground with cheap labor and product. There should have been checks and tariffs put on these items then, and they weren't. Now with yet another aluminium mill down in Indiana, and talks of closing yet another steel plant, these factories have had no help. Due in part to greedy corporations and a declining skilled labor force.
What needs to happen now is a check in corporate profits and a bill introduced to promote investment within these companies on American soil. Get these factories back up and running with the latest technology, cleaner emissions, and a more productive layout and system. Paying these employees a decent living wage is a great incentive to keep qualified, smart plant hands who know thier systems inside and out. Unemployment is at it's lowest, manufacturing is fizzling but still booming, where is the money going? Now is the time to invest and buckle down and we are sitting stagnant.
This was kind of a tangent to help answer your question. I apologize.
As while it does not seem to be helping other manufacturing companies at the current moment, it lends a hand to American steel being able to build and supply a quality product and fix the labor shortage it's faced the last 30 years. If they can re-man and adapt to the current stress it should set up more American companies to be more prosperous as well as offering a cheaper rate to these companies in the future when the tariffs are inevitably rolled back.
One thing that had always boggled my mind is how steel can be made in China and shipped by boat, rail, and truck and can still be cheaper than a product made 25 miles away from where it is being installed.
Idk. Minus these companies closing on the short end and moving to Mexico, I think they should be given a break to stay, given an audit and if finances really are that tight given a break.. but on the other hand if there is still quite a bit of revenue coming in and they say thier broke and that they're leaving the country their products should be on the tariff list as well, meaning they will still be much less in demand.
It's cheaper because China cheats honestly. Profits aren't that important to Chinese companies when they don't control a market steel for example was shown years ago to be sold for less then you could buy the raw materials in China for. Why? Because the gov will accept the loss for their companies to push others out of a market and take it over. As you said this shit show should have been dealt with decades ago. People also don't get that free trade is a scam when it comes to China and mexico. Free trade is ment to allow free flow of goods between nations for the us EU and Japan it works why? Because the standard of living is high enough for said people to buy each others products. China and Mexico for example the average wage is to low for most people to afford US EU or Japanese goods. NAFTA for examples biggest use was for us companies to close us operations move to mexico for cheaper labor and send stuff back to the us.
You say you like capitalism, but there are so many anti-capitalist ideas in there it's sad.
I wonder, are Republicans tired of winning and "Making America Great Again". This does not help American people at all.
No one knew that winning would suck so much.
Whew, I'm getting tired of all this winning.
There are so many industries like this in this part of the country, where most of the manufacturing base has already relocated but the specialist parts have been left behind. It doesn't take much for them to go.
didn't know a place like Wakanda exist in Chicago, and they make gun storage vaults.
“Dey tuuukk rrrr jerbbbs”
This is how you win a trade war! Send the jobs away!
Still waiting for the trade wars are good and easy to win to happen....
The irony is that some workers will be given the option to move to El Paso so they can commute to the factory...in Mexico.
"what is your purpose of visiting"
"I'm going to work Greg, just like yesterday"
"Don't be a snide asshat Bill, this is my job as ridiculous as this part of it is"
All wars have casualties, often enough for the survivors on the ground to say it was not worth it. But then there are others flying at 40.000 feet and from that level they can just announce winning and even convince themselves that it's true.
I dislike Trump as well but let's not be so ignorant as to think the tariffs are the primary reason this company is moving MORE (that's right they already have operations in Mexico) to Mexico.
It's just another excuse for corporate execs to cost cut.
So Trump's trade war gave them cover to move? Guess we will be seeing more of this then.
It gives them an excuse to blame someone else as to why they are moving but they would have moved anyway.
"The company already has a plant in China and another in Mexico, and its only U.S. factories were the two in the Chicago area, Fletcher said"
I'm sure there are a great many examples, but a niche PC case manufacturer did the same thing a couple weeks ago. They went bankrupt and blamed the tariffs, but the reality is that they did a shit job running their business and were going to go bankrupt anyways.
It's an easy scapegoat and doesn't harm the company's reputation as much as "we moved these factories to Mexico so we could get richer".
The headline blamed the tariffs, but in reality they were only a small contributing factor
I'm sure a bigger part of it is cheap cheap labor force in Mexico.
Funny enough, subsidizing US made goods are far more effective than tariffs on foreign goods.
subsidy is a bad word! Unless it's to offset one of your own stupid policies.
Or for fossil fuels. Need to make sure they stay super profitable so that we’re not picking winners in the energy sector.
ButDidYouCryNear West Side
Thank you Trump!
Wake up, Trump is not the reason they are moving to Mexico, they are using him to soften the blow to their rep.
You think Trump is the reason this company already moved much of its operations to Mexico years ago?
Don't be so ignorant. Disclaimer I hate Trump too but I don't jump on every bullshit nonsense news story to fit my agenda while continuing to peddle false narratives.
The problem with BOTH sides right now is that they only want the truth if it fits their agenda, it's truly sad how this is defining our lives right now.
The point is still that Chicago and the US is going to lose those jobs to another country BECAUSE of tariffs imposed BY Trump. The fault is still on Trump no matter if the company had hedged their bets. Without tariffs who is to say they would not have stayed here or used their presence for management etc... I don t know and you don t know
End of story is jobs are leaving following tariffs hence Trump is to blame.
Probably not, but that also doesn't mean they could continue to operate with large raw material increases on the horizon. It was likely already unprofitable as a plant, and this was just the death knell. Plants get closed for a variety of reasons, but they will not operate at a loss just for the sake of jobs.
- 车辆遭人为破坏严重 中国共享单车摩拜撤出曼彻斯特
- 车辆遭人为破坏严重 中国共享单车摩拜撤出曼彻斯特