Largest US Nail Producer Begins Layoffs

T

Timshel

New member
I really don't want Trump to reap what he is sowing with his idiotic protectionism, because it's going to be bad and it won't be easy to fix.

http://thehill.com/homenews/adminis...o-voted-for-trump-blames-him-for-layoffs-asks

An executive for the largest U.S. nail producer who voted for President Trump said he is so dismayed by the president's trade policies that he is lobbying a Democratic senator for help.


George Skarich, vice president of sales for Missouri-based Mid Continent Nail Corporation, told The New York Times that his nail company could soon go out of business.





“He ran on ‘Make America Great Again,’ and the point was to defend and protect jobs in the United States,” Skarich told the Times.


“Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March.


The tariffs, Skarich said, prompted his company to have to raise its prices by almost 20 percent. Skarich told the Times that his company's orders have dropped by half this month, facing stiff competition from cheaper foreign manufacturers.


The company has reportedly cut 60 jobs and might cut up to 200 more in coming weeks. Skarich said he blames Trump for the layoffs.


Because of the tariffs, Skarich said he is lobbying Democratic Sen. Claire McCaskill (Mo.) for help.


In March, Trump implemented tariffs of 25 percent on imported steel and 10 percent on imported aluminum. On Friday, he threatened, in a tweet, to unilaterally impose a 20 percent tariff on European cars.
 
I wonder if Trump has heard of the Smoot-Hawley Act? That caused some pain. Not much gain, though.
 
Today, 07:14 AM
Havana Moron
Trump Arselicker
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Timshel said:
I really don't want Trump to reap what he is sowing with his idiotic protectionism, because it's going to be bad and it won't be easy to fix.

http://thehill.com/homenews/adminis...o-voted-for-trump-blames-him-for-layoffs-asks

An executive for the largest U.S. nail producer who voted for President Trump said he is so dismayed by the president's trade policies that he is lobbying a Democratic senator for help.


George Skarich, vice president of sales for Missouri-based Mid Continent Nail Corporation, told The New York Times that his nail company could soon go out of business.





“He ran on ‘Make America Great Again,’ and the point was to defend and protect jobs in the United States,” Skarich told the Times.


“Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March.


The tariffs, Skarich said, prompted his company to have to raise its prices by almost 20 percent. Skarich told the Times that his company's orders have dropped by half this month, facing stiff competition from cheaper foreign manufacturers.


The company has reportedly cut 60 jobs and might cut up to 200 more in coming weeks. Skarich said he blames Trump for the layoffs.


Because of the tariffs, Skarich said he is lobbying Democratic Sen. Claire McCaskill (Mo.) for help.


In March, Trump implemented tariffs of 25 percent on imported steel and 10 percent on imported aluminum. On Friday, he threatened, in a tweet, to unilaterally impose a 20 percent tariff on European cars.
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Remember when Obama was accused of picking winners and losers
 
seeker said:
I wonder if Trump has heard of the Smoot-Hawley Act? That caused some pain. Not much gain, though.
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that would require an education and trumpsters are uneducated so no he hasnt heard of how protectionism made the great depression deeper and longer.
 
katzgar said:
that would require an education and trumpsters are uneducated so no he hasnt heard of how protectionism made the great depression deeper and longer.
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MAGA?

The consensus view among economists and economic historians is that the passage of the Smoot–Hawley Tariff exacerbated the Great Depression, although there is disagreement as to how much. A survey of 40 leading economists, including multiple Nobel laureates, has noted the Smoot–Hawley Tariff was a leading cause of the depression
 
Havana Moon said:
Germany will forced to remove the 20% tariff it imposes on US cars.

https://www.wsj.com/articles/german...ition-of-eu-u-s-car-import-tariffs-1529492027
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That's a different set of tariffs, dumb dumb.

We are not likely to sell many cars in Europe anyway. There is no gain there, but a drop in tariffs would be good. I don't see any indication that is what Trump is actually after, though. Instead the idiot is obsessed with the trade deficit and thinks it represents a loss.
 
Oh, my. I need to stockpile nails.....wait, I have a huge bin of nails where all nails go when the boxes fall apart....but then again, you never know when you will need more nails......10 more pounds should do me. I think my Chinese made plastic bin can hold at least that many.
 
Timshel said:
That's a different set of tariffs, dumb dumb.

We are not likely to sell many cars in Europe anyway. There is no gain there, but a drop in tariffs would be good. I don't see any indication that is what Trump is actually after, though. Instead the idiot is obsessed with the trade deficit and thinks it represents a loss.
Click to expand...

Tariffs are tariffs ffs, the German car industry would not be shitting themselves if Trump hadn't threatened to impose 20% on their cars.
 
Timshel said:
I really don't want Trump to reap what he is sowing with his idiotic protectionism, because it's going to be bad and it won't be easy to fix.

http://thehill.com/homenews/adminis...o-voted-for-trump-blames-him-for-layoffs-asks

An executive for the largest U.S. nail producer who voted for President Trump said he is so dismayed by the president's trade policies that he is lobbying a Democratic senator for help.


George Skarich, vice president of sales for Missouri-based Mid Continent Nail Corporation, told The New York Times that his nail company could soon go out of business.





“He ran on ‘Make America Great Again,’ and the point was to defend and protect jobs in the United States,” Skarich told the Times.


“Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March.


The tariffs, Skarich said, prompted his company to have to raise its prices by almost 20 percent. Skarich told the Times that his company's orders have dropped by half this month, facing stiff competition from cheaper foreign manufacturers.


The company has reportedly cut 60 jobs and might cut up to 200 more in coming weeks. Skarich said he blames Trump for the layoffs.


Because of the tariffs, Skarich said he is lobbying Democratic Sen. Claire McCaskill (Mo.) for help.


In March, Trump implemented tariffs of 25 percent on imported steel and 10 percent on imported aluminum. On Friday, he threatened, in a tweet, to unilaterally impose a 20 percent tariff on European cars.
Click to expand...

A tariff is a tax on imports or exports. Money collected under a tariff is called a duty or customs duty. Tariffs are used by governments to generate revenue or to protect domestic industries from competition.

And this guy is lobbying a DEMOCRAT to help stop something that generates revenue for the GOVERNMENT? Wow, is he barking up the wrong tree! And what the hell did this guy do during the recession? Was the housing market so wonderful that people were tripping over each other to buy nails from him? If you leftards would listen, you would know Trump wants the total elimination of tariffs. Doesn't it sound like a good idea to stop paying for china's military?
 
I'm still trying to understand all the people who supported Bernie and are now pro free trade and against tariffs. Is this the ultimate example of I like the policy but don't like who's doing and am therefore against it?
 
Kacper said:
Oh, my. I need to stockpile nails.....wait, I have a huge bin of nails where all nails go when the boxes fall apart....but then again, you never know when you will need more nails......10 more pounds should do me. I think my Chinese made plastic bin can hold at least that many.
Click to expand...

Nails are one component of building materials, like the canary in the coal mine
 
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