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Old 26.07.2018, 21:28
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marton marton is offline
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Re: Will Trump be a Good President?

Early effects of the tariffs.
American companies Harley-Davidson, General Motors, Ford, Fiat Chrysler, General Electric and 3M have all warned that rising costs from tariffs will eat into their profits.

Even Whirlpool an early fan of Trump's tariffs, is getting squeezed by skyrocketing raw material prices.

Hasbro is moving some production of its toys out of China to avoid tariffs.
Honeywell and Restoration Hardware are shaking up their supply chains.
Coca-Cola is jacking up prices on customers to help pay for the tariffs on metals.

Whereas last week steel maker Nucor logged its best second-quarter in the company's history. Profit more than doubled thanks to a 17% increase in its average steel sale price.

Ironically the US companies are suffering mainly because US steel and aluminium manufacturers have seized the opportunity to jack up their prices. Trump should be ranting about this aggressive profiteering.
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