How Donald Trump is singlehandedly destroying the economies of the world (37)

Oct 9, 2018 6:36 PM CST How Donald Trump is singlehandedly destroying the economies of the world
Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.

The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers worldwide could be cut, NBC reported.

Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization, according to NBC.

Trump’s tariffs and the retaliatory tariffs they triggered are taking a toll on the U.S. auto industry.

Ford CEO Jim Hackett told Bloomberg last month that tariffs on imported aluminum and steel alone dealt a blow to company profits.

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said. “The irony of which is we source most of that in the U.S. If it goes on any longer, it will do more damage.”

Oct 9, 2018 6:40 PM CST How Donald Trump is singlehandedly destroying the economies of the world
China Slams Brakes on U.S. Crude Oil Imports

(Bloomberg) -- Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances.

The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau data released Friday. In July, Chinese buyers received nearly 12 million barrels of crude from the U.S.

Beijing, once an enthusiastic buyer of U.S. crude after Washington lifted its restrictions on exports in December 2015, has even jockeyed with Canada for the position of top importer at times. Yet, China’s interest in American oil has diminished amid the escalating trade spat between the two nations.

Oct 9, 2018 6:47 PM CST How Donald Trump is singlehandedly destroying the economies of the world
You're now gonna be told that this all part of the process of "draining the swamp" laugh
Oct 9, 2018 7:11 PM CST How Donald Trump is singlehandedly destroying the economies of the world
From my observation he seems to be replacing existing swamp creatures with worse swamp creatures. The problem he has though is the people he's hired seem to be quitting as soon as they realize the only reason he hired them is to be his lackey and feed his ego.
Oct 9, 2018 8:03 PM CST How Donald Trump is singlehandedly destroying the economies of the world
I knew that long agao
Oct 9, 2018 8:39 PM CST How Donald Trump is singlehandedly destroying the economies of the world
That's what happens when govern with your ego...you don't think about or foresee the consequences of your choices....which is classic trump.....wave
Oct 9, 2018 8:49 PM CST How Donald Trump is singlehandedly destroying the economies of the world
ooby_dooby: Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.

The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers worldwide could be cut, NBC reported.

Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization, according to NBC.

Trump’s tariffs and the retaliatory tariffs they triggered are taking a toll on the U.S. auto industry.

Ford CEO Jim Hackett told Bloomberg last month that tariffs on imported aluminum and steel alone dealt a blow to company profits.

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said. “The irony of which is we source most of that in the U.S. If it goes on any longer, it will do more damage.”

China is in rough shape right now. The currency value is down. It's going to force them to the negotiating table.

I could care less about poor Ford's plight. They didn't mind all the workers they put out during obozo when it was cheaper from every where else including importing more of their vehicle related products.

Good for them to be the worthless two-faced whiners they are.

Any workers laid off right now; according to the jobs reports, there are plenty looking for workers since it seems there may be a shortage of such people. Again, good for ford to keep whining and cutting their own throats.

I drive mostly ford vehicles. Since toyota has moved up considerably as a U.S.manufacturer as well, I won't mind changing preferences when I need another vehicle next.
Oct 9, 2018 8:56 PM CST How Donald Trump is singlehandedly destroying the economies of the world
GreyghostWarlock
GreyghostWarlockGreyghostWarlockWEST VANCOUVER, British Columbia Canada1 Posts
ooby_dooby: Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.

The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers worldwide could be cut, NBC reported.

Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization, according to NBC.

Trump’s tariffs and the retaliatory tariffs they triggered are taking a toll on the U.S. auto industry.

Ford CEO Jim Hackett told Bloomberg last month that tariffs on imported aluminum and steel alone dealt a blow to company profits.

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said. “The irony of which is we source most of that in the U.S. If it goes on any longer, it will do more damage.”

Well making a statement like what Fords CEO is really misleading and a bunch of bull. If Ford would stop outsourcing and sending their jobs overseas they wouldn,t have that problem. Let Ford start buying American Steel and Aluminium . ....
Oct 9, 2018 8:58 PM CST How Donald Trump is singlehandedly destroying the economies of the world
M4_Mischief: That's what happens when govern with your ego...you don't think about or foresee the consequences of your choices....which is classic trump.....
Americans don't give two shits about anyone but themselves wave
Oct 10, 2018 5:39 AM CST How Donald Trump is singlehandedly destroying the economies of the world
ChesneyChristonline today!
ChesneyChristonline today!ChesneyChristManchester, Greater Manchester, England UK4,490 Posts
ooby_dooby: Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.

The nation’s largest automaker hasn’t yet revealed how many workers will be affected. But a report by Morgan Stanley estimated that as many as 12 percent of the company’s 202,000 workers worldwide could be cut, NBC reported.

Layoffs will center on Ford’s 70,000-strong white-collar workforce as part of what the company is calling a “redesign” of its staff in an ongoing $22.5 billion reorganization, according to NBC.

Trump’s tariffs and the retaliatory tariffs they triggered are taking a toll on the U.S. auto industry.

Ford CEO Jim Hackett told Bloomberg last month that tariffs on imported aluminum and steel alone dealt a blow to company profits.

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said. “The irony of which is we source most of that in the U.S. If it goes on any longer, it will do more damage.”

Protectionism will modernise industry and force it to become more competitive which in the short term will create unemployment. Access to a billion slaves with pittance wages and no political rights granted business an incredible amount of leeway where it can be backward and poorly-organised yet remain in profit.
Oct 10, 2018 5:56 AM CST How Donald Trump is singlehandedly destroying the economies of the world
aries1234online now!
aries1234online now!aries1234plymouth, ocean city, Devon, England UK174 Threads 3 Polls 6,312 Posts
nonsmoker: You're now gonna be told that this all part of the process of "draining the swamp"
America must start paying it's way like the rest of the world
Oct 10, 2018 6:13 AM CST How Donald Trump is singlehandedly destroying the economies of the world
Draegoneer: China is in rough shape right now. The currency value is down. It's going to force them to the negotiating table.

I could care less about poor Ford's plight. They didn't mind all the workers they put out during obozo when it was cheaper from every where else including importing more of their vehicle related products.

Good for them to be the worthless two-faced whiners they are.

Any workers laid off right now; according to the jobs reports, there are plenty looking for workers since it seems there may be a shortage of such people. Again, good for ford to keep whining and cutting their own throats.

I drive mostly ford vehicles. Since toyota has moved up considerably as a U.S.manufacturer as well, I won't mind changing preferences when I need another vehicle next.
"China is in rough shape right now. The currency value is down. It's going to force them to the negotiating table. "
First China is doing fine, and the RMB is at exactly the place as December 2016, If China lower th RMB that means they can sell cheaper to the USA, good for China.
Too many insular Americans forget the USA is just one country in a large world, China is constanl]tly opening new market places, soon they will not need America as a customer.


I could care less about poor Ford's plight. They didn't mind all the workers they put out during obozo when it was cheaper from every where else including importing more of their vehicle related products.
Obviously you follow in Trumps shadow, he doesn't care either, or for the miners or for the farmers, like most republicans they only care about thenselves.

Good for them to be the worthless two-faced whiners they are.
I'm not sure trying to save countless hundreds of jobs can be termed "Whining", but then I am not a selfish heartless egotistical moron.

Any workers laid off right now; according to the jobs reports, there are plenty looking for workers since it seems there may be a shortage of such people. Again, good for ford to keep whining and cutting their own throats.
If there is a shortage of labour, maybe the USA needs to open their borders, start to welcome immigrants grin

I drive mostly ford vehicles. Since toyota has moved up considerably as a U.S.manufacturer as well, I won't mind changing preferences when I need another vehicle next.grin
Toyota is and always will be a Japanese company, they just let you think they are American, but good luck finding a well designed, well built American vehicle
Of course, you could buy a German BMW or Merc or VW, but Trump has imposed tariffs so way out of your price range.
Oct 10, 2018 6:13 AM CST How Donald Trump is singlehandedly destroying the economies of the world
GreyghostWarlock: Well making a statement like what Fords CEO is really misleading and a bunch of bull. If Ford would stop outsourcing and sending their jobs overseas they wouldn,t have that problem. Let Ford start buying American Steel and Aluminium . ....
Did you skip reading comp on your quest for 2 Masters Degrees? Let me help you with the part you obviously missed.
"“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” Hackett said. “The irony of which is we source most of that in the U.S. If it goes on any longer, it will do more damage.”

By the way, You're living proof that education doesn't equal intelligence. You claim to have a BS and 2 Masters and yet you smoke cigarettes??????confused
Oct 10, 2018 6:22 AM CST How Donald Trump is singlehandedly destroying the economies of the world
aries1234online now!
aries1234online now!aries1234plymouth, ocean city, Devon, England UK174 Threads 3 Polls 6,312 Posts
[quote=

By the way, You're living proof that education doesn't equal intelligence. You claim to have a BS and 2 Masters and yet you smoke cigarettes??????Your logic seems to have grown a prejudicegrin
Oct 10, 2018 7:37 AM CST How Donald Trump is singlehandedly destroying the economies of the world
aries1234: [quote=

By the way, You're living proof that education doesn't equal intelligence. You claim to have a BS and 2 Masters and yet you smoke cigarettes??????Your logic seems to have grown a prejudice
Actually, the opposite is true, Einstien smoked and according to science, smoking keeps the brain more active which in turn makes the person more able to think through problems more clearly.
If you check on google you will see that worldwide more people with above average IQ smoke than those with average or low IQ.
Oct 10, 2018 7:42 AM CST How Donald Trump is singlehandedly destroying the economies of the world
aries1234online now!
aries1234online now!aries1234plymouth, ocean city, Devon, England UK174 Threads 3 Polls 6,312 Posts
rizlared: Actually, the opposite is true, Einstien smoked and according to science, smoking keeps the brain more active which in turn makes the person more able to think through problems more clearly.
If you check on google you will see that worldwide more people with above average IQ smoke than those with average or low IQ.
That was not my quote although it got mixed with my reply. I agree with you, although i don't smoke
Oct 10, 2018 7:48 AM CST How Donald Trump is singlehandedly destroying the economies of the world
aries1234: That was not my quote although it got mixed with my reply. I agree with you, although i don't smoke
Sorry, just saw it was ooby_dooby. cheers
Oct 10, 2018 7:54 AM CST How Donald Trump is singlehandedly destroying the economies of the world
rizlared: Actually, the opposite is true, Einstien smoked and according to science, smoking keeps the brain more active which in turn makes the person more able to think through problems more clearly.
If you check on google you will see that worldwide more people with above average IQ smoke than those with average or low IQ.
What a load of utter crap. These sorts of statements make me despair for the future of humanity, seriously.
Oct 10, 2018 9:06 AM CST How Donald Trump is singlehandedly destroying the economies of the world
well, let him destroy the economies, no more money anywhere.
In my country we used to have just as much money as there was gold in the bank, that is long gone now, when they need more money they just print some.
Money is just a piece of paper with a list on it what you can do with it and what you can buy with it.

Guess we need to look for new ways of trading.
Oct 10, 2018 9:14 AM CST How Donald Trump is singlehandedly destroying the economies of the world
MisterForYou: What a load of utter crap. These sorts of statements make me despair for the future of humanity, seriously.
Those with a higher IQ would have an open mind, someone with a low IQ would just dismiss it without any research.

Smoking kills, we all know that, the point being made was how smoking may affect or not, intelligence, I assume you don't smokegrin
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