Good Trump News

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DandyDon
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Re: Good Trump News

#26

Post by DandyDon »

Moses Lake plant stopping production because of China tariffs
Before the tariffs, the facility employed close to 500 people.

Now, just 179 workers are left.

After production stops, workers will stay on another six weeks in hopes of a trade deal that allows polysilicon sales to China.

"The trade negotiations are heavy and ongoing and we're hoping for a favorable outcome," Johnson said.

Without a deal, more than 100 people will be laid off.

Company executives credit the Trump administration for playing hardball with China, saying the prohibitive tariffs need to end.

"We need a resolution here, we need to have access to the market," Johnson said.

With wages and benefits, jobs at the plant pay an average of $100,000 a year.

Replacing an income like that would be difficult in Moses Lake, and if there are more layoffs, workers could end up leaving town.


https://www.kiro7.com/news/local/moses- ... /949269464
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VinceBordenIII
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Re: Good Trump News

#27

Post by VinceBordenIII »

Years ago, while traveling through Colorado, I saw a train that went along the highway, can't tell you how many miles it was, filled with shipping containers, miles and miles and miles, just sitting there. Representative of the disparity between imports and exports, I suppose. Anyone else ever see that?
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CaptQuint
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Re: Good Trump News

#28

Post by CaptQuint »

Don: 300 jobs lost

Vince: I saw a train once
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DandyDon
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Re: Good Trump News

#29

Post by DandyDon »

CaptQuint wrote: Wed May 15, 2019 9:42 pm Don: 300 jobs lost

Vince: I saw a train once
Soon to be 400 jobs that paid about double the median household income, plus bennies.
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CaptQuint
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Re: Good Trump News

#30

Post by CaptQuint »

DandyDon wrote: Wed May 15, 2019 10:04 pm
CaptQuint wrote: Wed May 15, 2019 9:42 pm Don: 300 jobs lost

Vince: I saw a train once
Soon to be 400 jobs that paid about double the median household income, plus bennies.
I'm sure Trump's economy will open a strip mine in Yellowstone National Park that pays double, they'll be fine.
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VinceBordenIII
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Re: Good Trump News

#31

Post by VinceBordenIII »

CaptQuint wrote: Wed May 15, 2019 9:42 pm Don: 300 jobs lost

Vince: I saw a train once
:lol:
Just commentary on the trade imbalance, indicated by shipping containers that made a one-way trip.
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CaptQuint
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Re: Good Trump News

#32

Post by CaptQuint »

Larry Angler, a farmer in Iowa, voted for President Donald Trump in 2016. Now, he says he does not plan to vote for him again because of massive economic losses he expects to incur due to the escalating trade war with China.

Speaking to CNN for an interview aired Wednesday, the Iowan said he expects his family will lose about $100,000 to $150,000 as a result of the trade dispute between Washington and Beijing. When asked by the CNN correspondent if he voted for Trump, Angler was quick to respond:

“I did! I’ll never vote for him again!”



Other Iowan farmers interviewed by CNN also expressed frustration with the president, as well as skepticism about his ability to improve trade ties with China.

“He’d better hurry up and start producing a little bit,” said farmer Greg Beaman. “Because this negotiation I’m seeing so far has not panned out.”

Robert Ewoldt told CNN he has been able to keep his farm afloat only by working a second job as a truck driver. “This is survival at this point. I mean, for a lot of operations it is a survival thing,” he said. Ewoldt added that he voted for Trump and now has regrets.

Trade tensions with China have increased steadily since last year, when Trump slapped tariffs on hundreds of billions of Chinese imports. China responded in kind, targeting a variety of U.S. goods with new levies. This past weekend, as trade negotiations reached an impasse, the White House raised tariffs on $200 billion of Chinese imports to 25 percent. Trump also directed officials to begin the process of raising tariffs on nearly all remaining imports from China, valued at about $300 billion.

The U.S. agriculture sector has been especially hard-hit by the trade war because China was purchasing large quantities of soybeans and other products from American farmers. In an effort to curb the tariffs’ impact, the Trump administration rolled out a $12 billion subsidy program to bail out farmers last year. Trump has suggested that he would do this again as trade tensions continue.




“Out of the billions of dollars that we’re taking in [from tariffs], a small portion of that will be going to our farmers,” the president said this week. “We’re going to take the highest year—the biggest purchase that China has ever made with our farmers, which is about $15 billion—and do something reciprocal to our farmers.”

But the president appears to lack a basic understanding of how tariffs actually work, insisting that China is paying the additional taxes. Economists and even current and former members of his administration have pointed out that U.S. businesses and consumers actually pay the tariffs the president has implemented. Although China may face economic fallout from its products being made significantly more expensive in the U.S. market, and therefore less competitive, the Chinese do not pay the tariffs.

In an interview with Fox News Sunday, Trump’s director of the National Economic Council, Larry Kudlow, admitted that the president’s insistence that China would pay is inaccurate. He also said “both sides will suffer” as the trade war continues.

https://www.newsweek.com/farmer-trump-n ... ?piano_t=1
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DandyDon
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Re: Good Trump News

#33

Post by DandyDon »

But the president appears to lack a basic understanding of how tariffs actually work, insisting that China is paying the additional taxes. Economists and even current and former members of his administration have pointed out that U.S. businesses and consumers actually pay the tariffs the president has implemented. Although China may face economic fallout from its products being made significantly more expensive in the U.S. market, and therefore less competitive, the Chinese do not pay the tariffs.

Someone should make a slide show with lots of cartoon animations to convey this to the IIC.
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VinceBordenIII
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Re: Good Trump News

#34

Post by VinceBordenIII »

DandyDon wrote: Thu May 16, 2019 12:45 am But the president appears to lack a basic understanding of how tariffs actually work, insisting that China is paying the additional taxes. Economists and even current and former members of his administration have pointed out that U.S. businesses and consumers actually pay the tariffs the president has implemented. Although China may face economic fallout from its products being made significantly more expensive in the U.S. market, and therefore less competitive, the Chinese do not pay the tariffs.

Someone should make a slide show with lots of cartoon animations to convey this to the IIC.
That’s the point, isn’t it? Tariffs to make their goods more expensive? To counter their trade barriers, cheaper labor, or in some cases dumping? Yeah, you can buy it, but maybe at a price point that causes you to buy elsewhere.
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Charliesheen
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Re: Good Trump News

#35

Post by Charliesheen »

CaptQuint wrote: Thu May 16, 2019 12:18 am Larry Angler, a farmer in Iowa, voted for President Donald Trump in 2016. Now, he says he does not plan to vote for him again because of massive economic losses he expects to incur due to the escalating trade war with China.

Speaking to CNN for an interview aired Wednesday, the Iowan said he expects his family will lose about $100,000 to $150,000 as a result of the trade dispute between Washington and Beijing. When asked by the CNN correspondent if he voted for Trump, Angler was quick to respond:

“I did! I’ll never vote for him again!”



Other Iowan farmers interviewed by CNN also expressed frustration with the president, as well as skepticism about his ability to improve trade ties with China.

“He’d better hurry up and start producing a little bit,” said farmer Greg Beaman. “Because this negotiation I’m seeing so far has not panned out.”

Robert Ewoldt told CNN he has been able to keep his farm afloat only by working a second job as a truck driver. “This is survival at this point. I mean, for a lot of operations it is a survival thing,” he said. Ewoldt added that he voted for Trump and now has regrets.

Trade tensions with China have increased steadily since last year, when Trump slapped tariffs on hundreds of billions of Chinese imports. China responded in kind, targeting a variety of U.S. goods with new levies. This past weekend, as trade negotiations reached an impasse, the White House raised tariffs on $200 billion of Chinese imports to 25 percent. Trump also directed officials to begin the process of raising tariffs on nearly all remaining imports from China, valued at about $300 billion.

The U.S. agriculture sector has been especially hard-hit by the trade war because China was purchasing large quantities of soybeans and other products from American farmers. In an effort to curb the tariffs’ impact, the Trump administration rolled out a $12 billion subsidy program to bail out farmers last year. Trump has suggested that he would do this again as trade tensions continue.




“Out of the billions of dollars that we’re taking in [from tariffs], a small portion of that will be going to our farmers,” the president said this week. “We’re going to take the highest year—the biggest purchase that China has ever made with our farmers, which is about $15 billion—and do something reciprocal to our farmers.”

But the president appears to lack a basic understanding of how tariffs actually work, insisting that China is paying the additional taxes. Economists and even current and former members of his administration have pointed out that U.S. businesses and consumers actually pay the tariffs the president has implemented. Although China may face economic fallout from its products being made significantly more expensive in the U.S. market, and therefore less competitive, the Chinese do not pay the tariffs.

In an interview with Fox News Sunday, Trump’s director of the National Economic Council, Larry Kudlow, admitted that the president’s insistence that China would pay is inaccurate. He also said “both sides will suffer” as the trade war continues.

https://www.newsweek.com/farmer-trump-n ... ?piano_t=1
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DandyDon
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Re: Good Trump News

#36

Post by DandyDon »

Trump waxed American taxpayers for a couple of Brazilians

https://www.nydailynews.com/news/politi ... story.html
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DandyDon
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Re: Good Trump News

#37

Post by DandyDon »

Winning, right?

More coal-fired power plants closed during Trump’s first two years in office than during Barack Obama’s entire first term


http://amp.timeinc.net/fortune/2019/01/ ... FF4WNkL4Vw
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