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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[–] nuworldblue ago
I completely agree with you, but isn't that Trump's economic policy anyway? Lower corporate income taxes and cut regulations? Is there really any harm in bringing these companies to the negotiating table and getting them to keep and invest in American jobs before he's even in office? Just to be clear, no one is strong-arming these companies to stay. They just have a new set of rules within which they have to operate.
Trump isn't forcing these companies to stay so much as jump-starting his economic policy by getting some big players on board (at least that's the way I see it). Companies get lower taxes, fewer regulations and the USA gets jobs.
Isn't that Trump's whole shtick? Making deals?
In regards to the stopping the bleeding comment, and to keep the metaphor going, here is how I will attempt to characterize it and you can correct me if I'm wrong:
The jobs are the blood. The current economic policy is the wound. Before we can apply the neosporin (cutting regulations and taxes), first we should stop the bleeding and stitch the wound (sitting down with companies and negotiating from a position of power). I don't see it as an "anti-dog-eat-dog rule" to simply explain the new rules to a company like Fiat. America needs to look out for its own interests and if Fiat has to close down a factory in Mexico as a result, well, what's more dog eat dog than that?