GM preparing to lose $1 billion over tariffs.

[triron]

https://hillreporter.com/general-motors-is-preparing-to-lose-a-massive-1-billion-over-trumps-tariffs-4416

[Achilleaze]

1. Time for more republican corporate welfare socialism?

Hell, repubes are slap happy about being able to rip off US taxpayers for $12 BILLION to bribe the farmers they screwed over with their stupid-ass tarriff trade war. So why not rip-off the taxpayers again to provide republican welfare bribes to GM?

Who's next? Must be lots of republican corportions looking for republican welfare handouts. Line forms to the Far Right.

[underpants]

2. The Commodity Credit Corporation has $18B left it can draw down

What's next? Coal? Typewriter repair?

[duforsure]

3. Another group damaged badly

By trump for putin. The farmers are stupid if they believe trump will help them , he'll cause them to lose their farms, just like auto workers will be losing their jobs. The list will grow quickly and trump will have more excuses.

[dalton99a]

4. NEXT: Trump announces $1 billion bailout for GM, $0 for laid off workers

[uponit7771]

5. Not good

[duforsure]

6. Shrimp industry

From tariffs losing a million dollars a day now from trumps tariffs.

[maxsolomon]

7. Just went to a Steel Mill that sells 25% of their product to Canada.

They "can't talk about" the 25% steel tariff.

Talked to my wife's cousin's husband who reps rebar in a sizzling hot market - the supplier (the aforementioned steel mill) raised everyone's prices 25%.

I'm involved in building Affordable Housing in a region with a massive Homeless Crisis - every project underway is looking at cost escalation, and every non-profit developer has no place to turn to cover the expanding gap in construction costs.

Ripples everywhere.

He's a disaster and has zero clue what he's doing. Corporate America must turn against him ASAP.

[gratuitous]

8. GM is alive, bin Laden is dead

"Hold my beer," said Trump.

[Recursion]

9. Aviation tech is more or less in panic mode right now

Boeing (who, ultimately, pays all of us) is getting squeezed on the one end by materials costs and on the other by import restrictions from China and the EU, and is even facing a problem with Brexit and the new fighter the UK wants to source.

[triron]

10. Thanks for this revelation.