3/5/2018 Seemingly without notice, President Trump on Thursday announced he plans on putting a tariff on imported steel and aluminum. Neither the President nor his staff had mentioned the plan before Trump blurted out his intentions during a Thursday meeting. He plans to impose a 25% tariff on steel, and a 10% tariff on aluminum. His announcement caused the stock ...
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1/22/2018 President Trump yesterday imposed a 30% tariff on imported crystalline-silicon solar cells and modules, ignoring the industry’s request for a more thoughtful import licensing fee approach. Trump tried to strike a balance between punishing China for importing low-cost solar panels and modules into the U.S. and trying to protect the domestic solar industry from massive job losses. Unfortunately, his ...
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7/21/2017 President Trump wants to build a wall to keep foreigners out, unless they want to work for him at Mar-a-Lago. During the White House’s “Made in America” initiative this week to promote American jobs and products, President Donald Trump’s businesses have again taken steps to hire foreign workers. Trump’s Mar-a-Lago Club and his golf course in Jupiter, Florida, filed documents to ...
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07/16/2017 In a bit of hypocrisy, President Trump today kicked off “Made in America Week” which is meant to promote US manufacturing. What many people found ironic is that Trump, and his daughter Ivanka, have few of the products they sell in the United States, actually made in the United States. The Washington Post has reported that Ivanka Trump relies ...
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7/6/2017 Rivaling in size of NAFTA, Japan and the European Union today announced a massive trade agreement that won’t include the United States. The agreement will encompass approximately 40% of all world trade. Under this agreement, European and Japanese exporters will gain an edge over American exporters in each other’s markets. Shinzo Abe, the prime minister of Japan, greeted the announcement ...
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5/25/2017 In December, President Elect Trump gushed that Carrier was keeping 1,100 jobs at the Carrier plant in Indiana from going to Mexico. Trump’s statements were a bit misleading, which has caused some to wonder if Trump lied to them. What Trump didn’t say was that, while Carrier planned to keep 1,100 jobs in Indiana, only about 730 of those ...
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12/05/2016 After making jobs a hot topic in Indiana during the campaign, President elect Trump announced a plan to save 1,100 jobs at the Carrier manufacturing plant in Indiana. The jobs were scheduled to be filled in Monterrey Mexico, where the minimum wage is $3.90/hr. Carrier is owned by parent company United Technologies. The plant makes parts for heating and ...
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06/16/2015 – Trump Tower, New York During his speech, he references Mexico: “When do we beat Mexico at the border? They’re laughing at us, at our stupidity. And now they are beating us economically. They are not our friend, believe me. But they’re killing us economically.” He continued “When Mexico sends its people, they’re not sending their best. They’re not ...
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