Trump touting his tariffs as a boom to American business and new job creation is as misleading as most of his misinformed deal-making. His 20 – 50 percent tariff on washing machines will benefit Whirlpool Corp, “but will hurt many other companies and people” who want to purchase other brands. The solar-tariffs are based on a petition filed by two ‘U.S-based’ manufacturers, Chinese-owned Suniva and German-owned Solar World Americas, both filed bankruptcy last year, employing, in total, some 3200. Solar Energy Industries Association expects the tariff will cost 23,000 U.S. jobs in 2018 alone, with billions of dollars of solar investments, likely to be cancelled, which is good news for carbon-energy providers. GOP lawmakers are agitated by Trump’s proposed tariffs on steel, aluminum, and especially of his threatened dissolution of NAFTA. Canada and Mexico (both with higher GDP) are already forging lucrative trade deals with other countries, based on Trump’s threats; farmers (and our economy) won’t like this, Yogi!
Trish Forsyth Voss
Feb 5 2018
What do I think on Trump’s tariffs on solar panels and washing machines?
Trump touting his tariffs as a boom to American business and new job creation is as misleading as most of his misinformed deal-making. His 20 – 50 percent tariff on washing machines will benefit Whirlpool Corp, “but will hurt many other companies and people” who want to purchase other brands. The solar-tariffs are based on a petition filed by two ‘U.S-based’ manufacturers, Chinese-owned Suniva and German-owned Solar World Americas, both filed bankruptcy last year, employing, in total, some 3200. Solar Energy Industries Association expects the tariff will cost 23,000 U.S. jobs in 2018 alone, with billions of dollars of solar investments, likely to be cancelled, which is good news for carbon-energy providers. GOP lawmakers are agitated by Trump’s proposed tariffs on steel, aluminum, and especially of his threatened dissolution of NAFTA. Canada and Mexico (both with higher GDP) are already forging lucrative trade deals with other countries, based on Trump’s threats; farmers (and our economy) won’t like this, Yogi!
Trish Forsyth Voss
By spiritspeak • Community Roundtable 0