• nkat2112@sh.itjust.works
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    13 days ago

    Good on the Governor for pointing this out. And it’s nice that she used a presentation slide. I imagine she carefully sprinkled it with attention-catching images.

    To see the folly of his tariff obsession in the context of the US automotive industry, this paragraph is notable:

    Under his series of executive orders and trade frameworks, U.S. automakers face import taxes of 50 per cent on steel and aluminum, 30 per cent on parts from China and a top rate of 25 per cent on goods from Canada and Mexico not covered under an existing 2020 trade agreement. That puts America’s automakers and parts suppliers at a disadvantage against German, Japanese and South Korean vehicles that only face a 15 per cent import tax negotiated by Trump last month.

    Further on, the article also states the following:

    The heads of General Motors, Ford and Stellantis have repeatedly warned the administration that the tariffs would cut company profits and undermine their global competitiveness. Their efforts have resulted in little more than a temporary, monthlong pause intended to give companies time to adjust. The reprieve did little to blunt the financial fallout.

    In the second quarter alone, Ford reported $800 million in tariff-related costs, while GM said the import taxes cost it $1.1 billion. Those expenses could make it harder to reinvest in new domestic factories, a goal Trump has championed.

    And speaking of domestic factories, we see this toward the end:

    Since Trump returned to the White House, Michigan has lost 7,500 manufacturing jobs, according to the Bureau of Labor Statistics.

    The harm that Trump has brought is incredible. But let’s not forget that Donald Trump is in the Epstein files. The latter need to be released.