Trump Tariff will Kill the Economy

[Copier Addict]

Another Bad day for Stock Market


The selloff extends a rout in US markets that has been driven by the uncertainty around Trump’s tariff announcements.
Trump indicated Thursday that he is “not going to bend” on the 25% tariffs on steel and aluminum, vowing that any resulting economic disruption “won’t be very long.”

“No, I’m not going to bend at all aluminum or steel or cars. We’re not going to bend. We’ve been ripped off as a country for many, many years,” Trump told reporters in the Oval Office.

Markets dipped to their lowest level of the day after Trump’s remarks.

Poor imbecilic trumpy. Always the victim.

[bsm2]

[bsm2]

[BillyCarpenter]

Steel company with plants in Ontario and Quebec slashes workforce citing U.S. tariffs

'It's not just a steel plant. It's also a whole community,' mayor says of impacts




More than 100 workers at a steel plant in eastern Ontario are being laid off either temporarily or permanently, as a company with facilities in Quebec and Ontario cuts its workforce due to challenging market conditions — including U.S. tariffs.

In a Wednesday statement, the United Steelworkers union said 30 workers have already received permanent layoff notices at the Ivaco Rolling Mills plant in L'Orignal, Ont., located about 90 kilometres northeast of Ottawa.

Beginning next week, the other 120 workers at the facility are being laid off for one week, the statement read.


"There's a lot of worry on the shop floor," said Richard Leblanc, an eastern Ontario area coordinator for the union.

"It's quite difficult to make plans around that kind of hostility, if I may say."


The company, Canada Metal Processing Group (MPG Canada), issued a news release back on Feb. 24 about the decision to reduce its workforce — before the current tariffs went into effect.

In the release, the company said it's reducing its workforce by 140 workers due to challenging market conditions — including threatened U.S. tariffs that are now in place.

The mere threat of tariffs had already reduced demand for MPG's products at the time of that release, according to the company, and U.S. President Donald Trump has since slapped a 25 per cent levy on steel and aluminum coming into the U.S. from Canada.

MPG also cited "trade challenges in Canada" and the "increased challenge of unfair trade imports into Canada" as a factor in its forecasted lower demand.

'Depressing for a lot of people,' resident says
L'Orignal resident Louise Seguin said one of her sons has worked at Ivaco Rolling Mills for 15 years. She called news of the layoffs "awful."

"If there's no Ivaco, there's no more work here," she said. "The town will be finished."

https://www.cbc.ca/news/canada/ottawa/steel-company-with-plants-in-ontario-and-quebec-slashes-workforce-citing-u-s-tariffs-1.7483206

[bsm2]

Tesla, Tariffs and a Market Meltdown Even Elon Musk’s electric vehicle maker is bracing for pain from the trade wars, as stocks fall into correction territory.

As the MAGA morons cheering for a recession

[BillyCarpenter]

Thus far Canada's steel and aluminum companies are on the verge of going out of business and that will result in new American high paying jobs. I suspect that most of the Canadian auto business will shut down and move to America. But it will depend on how long the Trump tariffs remain in effect.

Over the years the free trade agreements that we agreed to has destroyed entire industries and cities. See: Detroit and the Rust Belt.

[bsm2]

Thus far Canada's steel and aluminum companies are on the verge of going out of business and that will result in new American high paying jobs. I suspect that most of the Canadian auto business will shut down and move to America. But it will depend on how long the Trump tariffs remain in effect.

Over the years the free trade agreements that we agreed to has destroyed entire industries and cities. See: Detroit and the Rust Belt.

Nope dope

How long to you think it takes to build a new automobile plant in the USA

Years the Auto industry will just wait Trump out like last time.

Your fantasy is Never going to happen

US plants will also shut down as the parts become more expensive from Canada and Mexico with 500,000 plus auto workers PISSED at the Republicans

Hilarious

[BillyCarpenter]

Nope dope

How long to you think it takes to build a new automobile plant in the USA

Years the Auto industry will just wait Trump out like last time.

Your fantasy is Never going to happen

US plants will also shut down as the parts become more expensive from Canada and Mexico with 500,000 plus auto workers PISSED at the Republicans

Hilarious

You think democrats will win the next election? I don't see it.

[bsm2]

You think democrats will win the next election? I don't see it.

Mid terms definitely

[richs]

So Hill Billy,Maybe you should tell Trump to tariff printers and printer parts a few hundred percent That should make all your customers very happy.I am sure they wont mind pays the extra cost.Maybe they can pay with eggs?

[BillyCarpenter]

So Hill Billy,Maybe you should tell Trump to tariff printers and printer parts a few hundred percent That should make all your customers very happy.I am sure they wont mind pays the extra cost.Maybe they can pay with eggs?

BEIJING, March 8 (Reuters) - China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war

[slimslob]

Originally posted by bsm2


Nope dope

How long to you think it takes to build a new automobile plant in the USA

Years the Auto industry will just wait Trump out like last time.

Based on actual history, 6 months to a year.

Your fantasy is Never going to happen

US plants will also shut down as the parts become more expensive from Canada and Mexico with 500,000 plus auto workers PISSED at the Republicans

Hilarious

That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

[bsm2]

Based on actual history, 6 months to a year.



That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

BS
Biden administration create more jobs
More manufactures start up and plant then Trump period that a Fact

Obama the most liked President really your hated of Obama is blinded YOU from the truth
Stop watching Fox News

[bsm2]

[Copier Addict]

Based on actual history, 6 months to a year.



That 6 months to a year for parts plants as well. In fact probably less than half that as parts plants are considerably smaller. Your hatred for Trump is making you forget how quickly President Trump brought manufacturing back to America in his first term. Jobs that former President Obama had said would never return after his policies caused them to leave.

You love for trumpy has blinded you to the fact that he didn't bring much, if any, new manufacturing back the the US. He lied. Surprise, surprise.