RedZone Posted June 26, 2018 Report Share Posted June 26, 2018 I hate it for those people....... http://www.newsweek.com/trump-steel-tariff-nail-industry-992834 President Donald Trump’s controversial steel tariffs are already taking a major toll on one of the last remaining nail producers in the United States. Mid Continent Nail Corporation, a nail manufacturer located in southeast Missouri, lost 50 percent of its business in the two weeks since Trump signed a new tariff on steel imports, according to a MissouriNet report published on Friday. The nail company said the updated impositions on steel goods resulted in the producer having to lay off 60 temporary workers. At the beginning of June, Mid Continent had roughly 500 people on staff, but the company may be forced to axe 200 more jobs by the end of July. There is a possibility the nail producer, which is one of the largest employers in Missouri's Butler County, may be completely out of business by Labor Day due to the tariff. Under the new tariff, a 25 percent tax may be applied on imported steel while imported aluminum is taxed 10 percent. Mid Continent’s parent company, Deacero, is based in Mexico. It is there where the steel is produced, resulting in Deacero having to suffer the 25 percent tax for importing materials shipped to Mid continent's Poplar Bluff facility, despite the fact that steel products are being sent to its own company Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 One wonders what the toll has been of hundreds of billions in trade deficits every year for decades. Alas, I forget myself... F*** Trump! Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 Did anyone hear about the $300 billion repatriated in Q1? Quote Link to comment Share on other sites More sharing options...
FolsomPrisonBlues Posted June 26, 2018 Report Share Posted June 26, 2018 22 minutes ago, RedZone said: President Donald Trump’s controversial steel tariffs are already taking a major toll on one of the last remaining nail producers in the United States. I guess they didn't donate enough. Quote Link to comment Share on other sites More sharing options...
DBP66 Posted June 26, 2018 Report Share Posted June 26, 2018 9 minutes ago, concha said: Did anyone hear about the $300 billion repatriated in Q1? or the billions the top 1% will save now that Trump got rid of the Inheritance Tax (aka Death Tax..cute name the republicans like to use)... Quote Link to comment Share on other sites More sharing options...
Horsefly Posted June 26, 2018 Report Share Posted June 26, 2018 11 minutes ago, concha said: Did anyone hear about the $300 billion repatriated in Q1? Businesses were already cash rich so instead of reinvesting back into their co. this allowed them to buyback company stock. Overvalued stock is great for CEO portfolios but does nothing for the working man. Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, Horsefly said: Businesses were already cash rich so instead of reinvesting back into their go. this allowed them to buyback company stock. Overvalued stock is great for CEO portfolios but does nothing for the working man. So there's no investment going on. OK. Thanks. Quote Link to comment Share on other sites More sharing options...
Horsefly Posted June 26, 2018 Report Share Posted June 26, 2018 5 minutes ago, concha said: So there's no investment going on. OK. Thanks. Buybacks are 💥 and record setting. http://money.cnn.com/2018/06/05/investing/stock-buybacks/index.html Quote Link to comment Share on other sites More sharing options...
RedZone Posted June 26, 2018 Author Report Share Posted June 26, 2018 31 minutes ago, concha said: F*** Trump! Exactly what the people at MidContinent Steel and Wire plant are saying. https://www.cbsnews.com/news/factory-workers-lose-jobs-as-steel-tariffs-put-business-in-crisis-mode/ Quote Link to comment Share on other sites More sharing options...
DevilDog Posted June 26, 2018 Report Share Posted June 26, 2018 And Harley is getting ready to bolt their asses overseas for some production. How is that rowdy bunch of Sturgis regulars gonna take that? And now the Orange Man is attacking Harley. This is about to get real good real soon. Trump threatens to tax Harley-Davidson 'like never before' if it moves some production overseas President Donald Trump targeted Harley-Davidson Inc. Tuesday for its plan to relocate some of its production overseas by accusing the company of misleadingly using tariffs “as an excuse," and threatened to tax the company "like never before" on any of those motorcycles it tries to sell in the United States. https://abcnews.go.com/Politics/trump-threatens-tax-harley-davidson-moves-production-overseas/story?id=56165790 1 Quote Link to comment Share on other sites More sharing options...
RedZone Posted June 26, 2018 Author Report Share Posted June 26, 2018 14 minutes ago, Horsefly said: Buybacks are 💥 and record setting. http://money.cnn.com/2018/06/05/investing/stock-buybacks/index.html "American companies announced a record $201.3 billion in stock buybacks and cash takeovers in May." Right out of the GOP playbook...... 1 Quote Link to comment Share on other sites More sharing options...
Horsefly Posted June 26, 2018 Report Share Posted June 26, 2018 2 minutes ago, DevilDog said: And Harley is getting ready to bolt their asses overseas for some production. How is that rowdy bunch of Sturgis regulars gonna take that? And now the Orange Man is attacking Harley. This is about to get real good real soon. Trump threatens to tax Harley-Davidson 'like never before' if it moves some production overseas President Donald Trump targeted Harley-Davidson Inc. Tuesday for its plan to relocate some of its production overseas by accusing the company of misleadingly using tariffs “as an excuse," and threatened to tax the company "like never before" on any of those motorcycles it tries to sell in the United States. https://abcnews.go.com/Politics/trump-threatens-tax-harley-davidson-moves-production-overseas/story?id=56165790 This guy is out of control, Harley overseas sales increased, so why wouldn’t they position themselves to take adv of that by opening plants overseas? The tariffs only hastened their plan. 1 1 Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 7 minutes ago, Horsefly said: Buybacks are 💥 and record setting. http://money.cnn.com/2018/06/05/investing/stock-buybacks/index.html I don't doubt it. No investment? Quote Link to comment Share on other sites More sharing options...
DevilDog Posted June 26, 2018 Report Share Posted June 26, 2018 3 minutes ago, Horsefly said: This guy is out of control, Harley overseas sales increased, so why wouldn’t they position themselves to take adv of that by opening plants overseas? The tariffs only hastened their plan. Hell only about 12% of the population could afford one of them now. This is gonna be awesome. His people the real American's in the Heartland. Missouri Plant closing Harley moving to Thailand. Trump's trade tirade hits Harley and the Midwest - Chicago Tribune http://www.chicagotribune.com/news/opinion/editorials/ct-edit-trade-trump-mexico-dairy-20180625-story.html Motorcycles Are Going Away Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 15 minutes ago, Sportsnut said: Jan. 17, 2018 Nothing of the sort has taken place. Show a link to prove it. Why would I feel the need to prove anything to a fool like you? Quote Link to comment Share on other sites More sharing options...
DBP66 Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, DevilDog said: Hell only about 12% of the population could afford one of them now. This is gonna be awesome. His people the real American's in the Heartland. Missouri Plant closing Harley moving to Thailand. Trump's trade tirade hits Harley and the Midwest - Chicago Tribune the fools are now getting what they asked for....MAGA!!..... Quote Link to comment Share on other sites More sharing options...
DevilDog Posted June 26, 2018 Report Share Posted June 26, 2018 2 minutes ago, DBP66 said: the fools are now getting what they asked for....MAGA!!..... Don't worry next week they will all be calling Harley Traitors and Cowards. He has fired the first Volley already at them. Motorcycle's Are Going Away On Monday, Milwaukee-based Harley said it would shift production of motorcycles for the European market from U.S. to overseas plants to escape the pain of retaliatory tariffs. The European Union raised tariffs on Harleys from 6 percent to 31 percent in response to Trump administration tariffs on foreign steel and aluminum. 1 Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, DevilDog said: Hell only about 12% of the population could afford one of them now. This is gonna be awesome. His people the real American's in the Heartland. Missouri Plant closing Harley moving to Thailand. Trump's trade tirade hits Harley and the Midwest - Chicago Tribune And American-built Indian growing and gaining market share. Harley's been hurting for awhile now. But that doesn't fit the narrative. Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, Sportsnut said: To stop yourself from looking like a fool. You made the claim, prove it. Consider it homework, dumbass. Off you go. Quote Link to comment Share on other sites More sharing options...
Horsefly Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, concha said: I don't doubt it. No investment? Buybacks at the expense of reinvesting. They didn’t need tax incentives to reinvest, it was a wasteful plan. 1 Quote Link to comment Share on other sites More sharing options...
DevilDog Posted June 26, 2018 Report Share Posted June 26, 2018 3 minutes ago, concha said: And American-built Indian growing and gaining market share. Harley's been hurting for awhile now. But that doesn't fit the narrative. I ride a Vespa remember. Harley as you know have been changing it's market from Big and Clunky to smaller and affordable. This will kill it even more. And I thought all that vibration and oil leakage would do them in. Nope tariffs killed the Beast. Oh the good old days. Quote Link to comment Share on other sites More sharing options...
DBP66 Posted June 26, 2018 Report Share Posted June 26, 2018 2 minutes ago, DevilDog said: Don't worry next week they will all be calling Harley Traitors and Cowards. He has fired the first Volley already at them. Motorcycle's Are Going Away On Monday, Milwaukee-based Harley said it would shift production of motorcycles for the European market from U.S. to overseas plants to escape the pain of retaliatory tariffs. The European Union raised tariffs on Harleys from 6 percent to 31 percent in response to Trump administration tariffs on foreign steel and aluminum. I started a post on this yesterday...Gee..Thanks Mr. Pres..... Quote Link to comment Share on other sites More sharing options...
concha Posted June 26, 2018 Report Share Posted June 26, 2018 1 minute ago, DevilDog said: I ride a Vespa remember. Harley as you know have been changing it's market from Big and Clunky to smaller and affordable. This will kill it even more. And I thought all that vibration and oil leakage would do them in. Nope tariffs killed the Beast. "Tariffs killed the beast." When you're not doing well, make shit up I guess. Quote Link to comment Share on other sites More sharing options...
Horsefly Posted June 26, 2018 Report Share Posted June 26, 2018 5 minutes ago, concha said: And American-built Indian growing and gaining market share. Harley's been hurting for awhile now. But that doesn't fit the narrative. The narrative is simple. Their overseas market is growing and they want to shift parts of their production to that region and trump is shitting on himself. Quote Link to comment Share on other sites More sharing options...
DBP66 Posted June 26, 2018 Report Share Posted June 26, 2018 4 minutes ago, concha said: And American-built Indian growing and gaining market share. Harley's been hurting for awhile now. But that doesn't fit the narrative. the narrative is Harley is feeling the pain of Trump's tariffs...and now just as a kid would do...Trump goes after Harley Davidson for not being patriotic?!?!....and this minions eat it up...soon they'll be calling Harley riders commies.... Quote Link to comment Share on other sites More sharing options...
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