Trump Tariff will Kill the Economy

[bsm2]

[bsm2]

Crash: ‘Trump slump’ wipes out billions, bankers revolt as 47’s team says recession ‘worth it’?!

[Copier Addict]

Canada is putting on a brave face but it's not looking good for them.


Employers begin layoffs as Canada-U.S. trade war intensifies


Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval.

Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports, and subsequently, Canada’s retaliatory tariffs on some American imports.

Algoma Steel Group Inc. ASTL-T +4.44%increase
, based in Sault Ste. Marie, Ont., said last Friday that it had laid off 20 employees because of the trade war. United Steelworkers Canada, the union representing Algoma employees, warned that more job cuts could be coming to the steel production plant, which employs approximately 2,500 people.

Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.

The Canadian unemployment rate held steady at 6.6 per cent in February, but economists are cautioning that the unpredictability of U.S. President Donald Trump’s tariff actions could force businesses to cut costs. A recent report from TD Bank economists warned that a flare-up in “tit-for-tat” tariffs between the U.S. and Canada could push the Canadian economy into recession and cause the unemployment rate to spike by 2 per cent.

“We have definitely started seeing manufacturing job postings starting to slip,” said Brendon Bernard, senior economist at the job search company Indeed.com. ”It is still very early days, but the knock-on effects of slipping demand will mean companies may hire a little less or hold off on putting up new positions," he added.

On Wednesday, Bank of Canada Governor Tiff Macklem said that many businesses have scaled back hiring and investment plans as they price in a dimmer sales outlook as a result of the trade tensions.

The consequences are acute for townships where many local jobs are linked to the U.S. Stéphanie Lacoste, the mayor of Drummondville, Que., issued a statement on Thursday saying that 3,000 jobs in her town are at risk because of the trade war. Manufacturing accounts for a third of Drummondville’s economic output and it is home to three medium-sized metals manufacturing companies.

In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees.

That's what happens when there is an imbecile in the White House who constantly plays the victim.

[BillyCarpenter]

Canada is putting on a brave face but it's not looking good for them.


Employers begin layoffs as Canada-U.S. trade war intensifies


Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval.

Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports, and subsequently, Canada’s retaliatory tariffs on some American imports.

Algoma Steel Group Inc. ASTL-T +4.44%increase
, based in Sault Ste. Marie, Ont., said last Friday that it had laid off 20 employees because of the trade war. United Steelworkers Canada, the union representing Algoma employees, warned that more job cuts could be coming to the steel production plant, which employs approximately 2,500 people.

Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.

The Canadian unemployment rate held steady at 6.6 per cent in February, but economists are cautioning that the unpredictability of U.S. President Donald Trump’s tariff actions could force businesses to cut costs. A recent report from TD Bank economists warned that a flare-up in “tit-for-tat” tariffs between the U.S. and Canada could push the Canadian economy into recession and cause the unemployment rate to spike by 2 per cent.

“We have definitely started seeing manufacturing job postings starting to slip,” said Brendon Bernard, senior economist at the job search company Indeed.com. ”It is still very early days, but the knock-on effects of slipping demand will mean companies may hire a little less or hold off on putting up new positions," he added.

On Wednesday, Bank of Canada Governor Tiff Macklem said that many businesses have scaled back hiring and investment plans as they price in a dimmer sales outlook as a result of the trade tensions.

The consequences are acute for townships where many local jobs are linked to the U.S. Stéphanie Lacoste, the mayor of Drummondville, Que., issued a statement on Thursday saying that 3,000 jobs in her town are at risk because of the trade war. Manufacturing accounts for a third of Drummondville’s economic output and it is home to three medium-sized metals manufacturing companies.

In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees.

[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.

[bsm2]

[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

[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.

[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

[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?

[bsm2]

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

Mid terms definitely

[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]

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]

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.