Archived Fiat CEO Warns May Shut All Mexico Production If Trump Tariff Too High (zerohedge.com)
submitted ago by bdmthrfkr
Posted by: bdmthrfkr
Posting time: 3.9 years ago on
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Archived on: 4/10/2017 10:00:00 AM
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Archived Fiat CEO Warns May Shut All Mexico Production If Trump Tariff Too High (zerohedge.com)
submitted ago by bdmthrfkr
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[–] bdmthrfkr [S] 0 points 2 points 2 points (+2|-0) ago
GM is busted for lying about importing cars from Mexico, Toyota is sitting down with the President-Elect today to bring back 1 Million jobs to our shores and now Fiat is going to close down it's Mexican production (yes, the tariffs will be that high Fiat). This is all in one day and the Man has yet to be sworn in.
Is anybody experiencing buyers remorse yet? If you are then you clearly are not American.
MAGA!!
[–] [deleted] 2 points -2 points 0 points (+0|-2) ago
[–] nuworldblue 0 points 1 point 1 point (+1|-0) ago
Isn't that what this is though? I would hardly call it a controlled economy to offer the incentives you mentioned, which is the core of his economic philosophy here, while also introducing some hardline negotiation tactics that encourage initial investments in American industry.
This isn't to say your argument is without merit, particularly in regards to fairness, conflict of interest, and the spirit of competition. I just wonder how long it would take and what miracle would have to occur for manufacturing companies to decide to stay now. Would it be inaccurate to characterize this approach as cauterizing the wound that is caused by regulations and taxes on American businesses as we move towards a more robust manufacturing role while also championing the free market?
In other words, how else do we stop the bleeding of American jobs leaving the country without first closing the wound and stopping anyone else from reopening it.