General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"There's no way for anyone to plan around chaos and incoherence"
Its impossible for businesses to plan for the future in this type of environment, David French, senior vice president for government relations at the National Retail Federation, said in a statement.
The Consumer Technology Association called the escalating tariffs the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 a decision that catapulted our country into the Great Depression.
And trade association CompTIA stressed the logistical strain that would follow if companies were forced to shift operations out of China, saying it would take months for most companies.
Any forced immediate action would result in chaos, CEO Todd Thibodeaux said in emailed comments.
The frequent tariff fluctuations are making it hard to plan and are casting uncertainty on some investments, said Peter Bragdon, executive vice president and chief administration officer of Columbia Sportswear.
Theres no way for anyone to plan around chaos and incoherence, he said.
https://www.apnews.com/be18b8619cde4658a418dda4f416968a
elleng
(130,974 posts)and if things go as they SHOULD (not betting this,) Senate repugs will come around, maybe forced by their 'alliances' with business community. Ironic, eh, if corporations have to drag repugs to do the right thing?
orangecrush
(19,572 posts)He really is planning on going full dictator.
yardwork
(61,650 posts)elleng
(130,974 posts)We should encourage them in their discovery, and ally with them to get things right; they do have some power, after all.
yardwork
(61,650 posts)I don't rail against "millionaires" and the one percent.
I am impatient with anyone who voted for Trump, whose flaws have been obvious for decades. I am not interested in listening to their late discovery that he's a lousy businessman. He's a lot of other horrible things as well but apparently that was fine as long as they got their tax cuts.
abqtommy
(14,118 posts)pangaia
(24,324 posts)That is Putin's plan... part of it, anyway.
dixiegrrrrl
(60,010 posts)A lot of things Putin wants seems to be working out for him, don't they?
AJT
(5,240 posts)There won't be a crash until later next year, probably after the election. Short term thinking and pushing up stock prices by any means will run the show. Rationally, all of this 45 craziness should already have caused damage due to his behavior, but there is no rational thinking when it comes to wall street. A lot of people in high places are getting everything they want from this president and corporations will ride it out as long as they can.
Backseat Driver
(4,393 posts)I have no sympathy for corporations experiencing chaos with planning for their future needs. Did they worry about the chaos they were dishing out to families experiencing serial unemployment and stagnant wages. Banks got quickly bailed out so lending to the wealthy could continue. They went, unimpeded by government, overseas for their labor, SEC market overseers looked sideways as Madoff Ponzied on, there's barely a consideration on employee redundencies in all the mergers/acquisitions on thousands of families who had students ready for college or were forced away from their own families and homes to follow a job lead. Do you know how hard it is to determine what one's cash flow will look like next week, next month, at tax time as employees experience sudden pay reductions, benefit reductions, unplanned illnesses and injuries as they search many months for a new job, needing to jump at the first thing offerred that's even close to what will pay the mortgage. Lots of dreamed "plans" for a dignified existence in retirement have been dashed on the rocks of corporate greed and need as they plan to purposely take down the companies they buy. Piss on you, corporate planners - deal with it. It's nothing new to some of us.
Sorry, I got a bad attitude.
alwaysinasnit
(5,066 posts)that if you don't, we won't either." I don't believe 45 can keep his businesses there yet force other businesses to relocate.
lunasun
(21,646 posts)orangecrush
(19,572 posts)They made a deal with the devil.
They should have read the fine print.