Trump apparently doesn’t understand tariffs

Tariff Man!

 

update 12/4/18

 

Massive staff reductions at General Motors

Looks like they were partly caused by Trump’s tariffs.  Now he is threatening GM.

from the article:

GM may have been forced to restructure to accommodate a changing market regardless of whether Trump instituted tariffs on imported steel and aluminum, but the effect these tariffs — and the threat of potential tariffs on all imported automobiles — exacerbated the pressure to do so. GM announced on Monday that Trump’s tariffs have cost the company $1 billion, and that while they are not directly responsible for the layoffs, they are among the “headwinds,” as Barra put it on a conference call, that the company is facing as it struggles to remain profitable.

Trump’s tariffs are causing Ford layoffs

24,000 Ford workers could lose their jobs thanks to Trump’s tariffs. They are also affecting other auto companies and their workers.

Soybeans sales are down 94% because of Trump’s trade war

Tariff update – 11/3/18

As tariffs continue, panic beginning to sink in among Wisconsin manufacturers

Trump Claims Trade Victories but Businesses Struggle Under His Approach

More US corporate giants warn tariffs will mean price hikes

American people reject Trump’s nationalism

from the article:
“An NBC News/Wall Street Journal poll this week found that an astonishing 61 percent of voters believe immigration helps the United States as opposed to hurting, while only 28 percent say it hurts as opposed to helps. ”

“An NBC poll in August found that voters say by 50-23 that free trade has helped, as opposed to hurt, the U.S. — a massive shift since 2016. A Pew poll taken over the summer, just as Trump’s trade wars started to take hold, found that a plurality of Americans, 49-40, thought tariffs against our trading partners would be bad for the country. A recent Post/ABC poll found Americans oppose Trump’s tariffs by 50-41 (though in fairness the polling has been somewhat mixed on them).”

Facts on NAFTA and trade

 

 

 

another Trump lie