Blaming this USA plant's closing on Trump's tariffs is a lie.

S

Supposn

Verified User
Element Electronics company is obviously lying.

If the USA levies tariffs upon components, I would suppose and expect we would do so upon similar imported components and finished products from all foreign nations. USA producers are at disadvantages to cheaper foreign labor, but they're at lesser rather than greater disadvantages due to such USA levied tariffs.

I don't doubt that the tariffs will to some extent reduce USA sales of the finished products. We all benefit from cheaper imports, but they don't fully compensate for USA's chronic annual trade deficits consequential reduction of our GDP and net numbers of jobs.

I'm among the proponents of the improved unilateral trade policy concept as described in Wikipedia's “Import Certificates” article. It is superior to pure free trade, tariffs, or any other trade policy we're aware of.

Google Wikipedia, Import Certificates .
Refer to: https://www.newsday.com/business/ele...ffs-1.20345862
and
https://www.usatoday.com/story/news...-plant-close-layoffs-trump-tariffs/927203002/

Respectfully, Supposn
 
The owners and workers say it was the tariffs. They assemble components that come from China. When the Chinese components go up 25 percent, the profits are gone. So nope not a lie.

So you also do not understand international business. The reason China is an exporter is because American companies moved their plants there to get cheaper unprotected workers and no environmental regulation. here are American companies that make goods and export them to America. http://www.jiesworld.com/international_corporations_in_china.htm

You have to rethink your entire premise.

And of course, Trumpy and first daughter make their overpriced crap in China and 3rd world countries. If they made their crap here, would that create more jobs here or less? Think about it. Trumnp is playing tough guy on China, but it is reality Tv again. Not real.
 
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Nordberg said:
The owners and workers say it was the tariffs. They assemble components that come from China. When the Chinese components go up 25 percent, the profits are gone. So nope not a lie.

So you also do not understand international business. The reason China is an exporter is because American companies moved their plants there to get cheaper unprotected workers and no environmental regulation. here are American companies that make goods and export them to America. http://www.jiesworld.com/international_corporations_in_china.htm

You have to rethink your entire premise.

And of course, Trumpy and first daughter make their overpriced crap in China and 3rd world countries. If they made their crap here, would that create more jobs here or less? Think about it. Trumnp is playing tough guy on China, but it is reality Tv again. Not real.
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Nordberg, on the other hand, if there's any USA competitive producer of a similar finished product, I assume that they also import similar components. Thus, Element Electronics are not at any disadvantage in comparison to any other USA producer.

Imported finished products will carry the greater tariffs per unit upon the value of the entire finished units. In comparison to prices of imported finished products, Element Electronics prices would be improved. Although USA sale volumes of all USA and imported finished products would be somewhat reduced, Element Electronics can expect to gain an increased portion of those sales.

Apparently, Element Electronics are gambling the expense of their temporary closing, their workers financial losses, and South Carolina taxpayers' costs due to unemployment benefits, in the expectation that they can increasingly benefit from their greedy extortion scheme.

Element Electronics is counting on political pressure to induce the federal government's waiving tariffs upon their imported components, but continue to levy tariffs upon all other competing imported finished products. I hope the Trump administration and the U.S. Congress does not submit to Element Electronics blatant extortion.

Respectfully, Supposn

https://www.usatoday.com/story/news...-plant-close-layoffs-trump-tariffs/927203002/

"As we are the only USA assembler of televisions, we believe the inclusion of our parts on the list of affected products is accidental and resolvable," the company posted on Facebook. "Element is working hard to have our parts removed from the tariff list and we remain hopeful that the closure of our South Carolina factory will be avoided”.
 
I recall reading an article about them a few years back in which they cited that Walmart's American-Made program that allowed them to sell their products in the stores at a higher cost of goods to Walmart than they normally allowed was only thing that kept them in business to begin with.
 
Supposn said:
Nordberg, on the other hand, if there's any USA competitive producer of a similar finished product, I assume that they also import similar components. Thus, Element Electronics are not at any disadvantage in comparison to any other USA producer.

Imported finished products will carry the greater tariffs per unit upon the value of the entire finished units. In comparison to prices of imported finished products, Element Electronics prices would be improved. Although USA sale volumes of all USA and imported finished products would be somewhat reduced, Element Electronics can expect to gain an increased portion of those sales.

Apparently, Element Electronics are gambling the expense of their temporary closing, their workers financial losses, and South Carolina taxpayers' costs due to unemployment benefits, in the expectation that they can increasingly benefit from their greedy extortion scheme.

Element Electronics is counting on political pressure to induce the federal government's waiving tariffs upon their imported components, but continue to levy tariffs upon all other competing imported finished products. I hope the Trump administration and the U.S. Congress does not submit to Element Electronics blatant extortion.

Respectfully, Supposn

https://www.usatoday.com/story/news...-plant-close-layoffs-trump-tariffs/927203002/

"As we are the only USA assembler of televisions, we believe the inclusion of our parts on the list of affected products is accidental and resolvable," the company posted on Facebook. "Element is working hard to have our parts removed from the tariff list and we remain hopeful that the closure of our South Carolina factory will be avoided”.
Click to expand...
https://www.postandcourier.com/news...cle_0f837b4e-9cb8-11e8-8e9b-8fb48f79a286.html
The new tariffs killed their margins. just that easy.
 
Supposn said:
Nordberg, on the other hand, if there's any USA competitive producer of a similar finished product, I assume that they also import similar components. Thus, Element Electronics are not at any disadvantage in comparison to any other USA producer.

Imported finished products will carry the greater tariffs per unit upon the value of the entire finished units. In comparison to prices of imported finished products, Element Electronics prices would be improved. Although USA sale volumes of all USA and imported finished products would be somewhat reduced, Element Electronics can expect to gain an increased portion of those sales.

Apparently, Element Electronics are gambling the expense of their temporary closing, their workers financial losses, and South Carolina taxpayers' costs due to unemployment benefits, in the expectation that they can increasingly benefit from their greedy extortion scheme.

Element Electronics is counting on political pressure to induce the federal government's waiving tariffs upon their imported components, but continue to levy tariffs upon all other competing imported finished products. I hope the Trump administration and the U.S. Congress does not submit to Element Electronics blatant extortion.

Respectfully, Supposn

https://www.usatoday.com/story/news...-plant-close-layoffs-trump-tariffs/927203002/

"As we are the only USA assembler of televisions, we believe the inclusion of our parts on the list of affected products is accidental and resolvable," the company posted on Facebook. "Element is working hard to have our parts removed from the tariff list and we remain hopeful that the closure of our South Carolina factory will be avoided”.
Click to expand...
Nordberg said:
https://www.postandcourier.com/news...cle_0f837b4e-9cb8-11e8-8e9b-8fb48f79a286.html
The new tariffs killed their margins. just that easy.
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Nordberg no; the tariffs improved Element Electronics prices comparative to Imported finished products. Io quote them, "As we are the only USA assembler of televisions", Element Electronics TV's are the only TV's sold in the USA that are recipients of such a comparative price improvement. The tariffs are a net benefit to Element Electronics are gambling the expenses of temporary closing, employees lost net wages, and South Carolina government's additional unemployment benefit checks. Although the tariffs are of net benefit to them, they're attempting to extort an additionally greater improvement of their profit margin.

Respectfully, Supposn
 
Supposn said:
Nordberg no; the tariffs improved Element Electronics prices comparative to Imported finished products. Io quote them, "As we are the only USA assembler of televisions", Element Electronics TV's are the only TV's sold in the USA that are recipients of such a comparative price improvement. The tariffs are a net benefit to Element Electronics are gambling the expenses of temporary closing, employees lost net wages, and South Carolina government's additional unemployment benefit checks. Although the tariffs are of net benefit to them, they're attempting to extort an additionally greater improvement of their profit margin.

Respectfully, Supposn
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As they said, the tariffs increased their costs and lost their market. At the prices they would have to charge, they could not sell. It is what the company said.. tariffs made them non competitive. Any reason i should reject their explanation and adopt yours?
 
Nordberg said:
As they said, the tariffs increased their costs and lost their market. At the prices they would have to charge, they could not sell. It is what the company said.. tariffs made them non competitive. Any reason i should reject their explanation and adopt yours?
Click to expand...

Nordberg, it is a lie to imply or state that Element Electronics position has or will be less profitable due to Trump's tariffs. Due to the tariffs, their competitive position has in fact been improved

Respectfully, Supposn
 
Supposn said:
Nordberg, it is a lie to imply or state that Element Electronics position has or will be less profitable due to Trump's tariffs. Due to the tariffs, their competitive position has in fact been improved

Respectfully, Supposn
Click to expand...

Then you say they are not closing? Do you create the reality you need?
 
Supposn said:
Nordberg, it is a lie to imply or state that Element Electronics position has or will be less profitable due to Trump's tariffs. Due to the tariffs, their competitive position has in fact been improved

Respectfully, Supposn
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I saw Fux News yesterday trying to whip up discontent amongst Harley owners - targeting an American company - to side with Don against Harley.

Pass Don, forever, fuck you.
 
Nordberg said:
Then you say they are not closing? Do you create the reality you need?
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Nordberg, no; Element Electronics stated reason for closing is apparently a lie.

Trump's tariffs improve rather harms their competitive position. Their stated hope is that the closing is temporary. They may have prior to Trump's announced tariffs, determined to close their factory, but the tariff's better enable them to continue producing TV's. Their closing at this time is a blatant attempt to extort additional concessions from our federal government.

Respectfully, Supposn
 
Supposn said:
Nordberg, no; Element Electronics stated reason for closing is apparently a lie.

Trump's tariffs improve rather harms their competitive position. Their stated hope is that the closing is temporary. They may have prior to Trump's announced tariffs, determined to close their factory, but the tariff's better enable them to continue producing TV's. Their closing at this time is a blatant attempt to extort additional concessions from our federal government.

Respectfully, Supposn
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All of a sudden business owners should cower to big govt. That's "conservative" now.
 
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