These are live updates regarding the ever unpredictable assault on American commerce. (click here)
General Motors has made some surprising statements about it's reorganization out of the car business and into a concentrated assembly of SUVs, trucks and recreational vehicles such as the new Jeep. The Jeep manufacturing plant in Ohio has been refitted to accommodate the new edition of a classic. (click here)
I think Trump's retaliation against GM can be masked as an immigration issue. I also believe companies effected by this bizarre tariff have reasons to file suit against the USA. This is ridiculous. NAFTA is supposed to be replaced by CAMUS, aka USMCA. There have been large amounts of money and time spent by governments and companies to achieve a North American agreement. This is being toyed with for whatever reason that is Trump, including another assault on the USA by a man that is a Russian sympathizer.
I don't believe this is shortsighted; I believe this is a temper tantrum.
This level of unpredictable policy coming from ONLY the Executive Branch is wreaking havoc with the financial markets and rightfully so. There is no place to put money today that is guaranteed to be safe. China's footprint is in question and now this hideous tariff intended to hurt GM is still another clear indication the markets are at risk.
The financial markets are at risk with Trump. The sovereignty of the USA is at risk with Trump. This can't continue. If Trump thinks he can assault private companies for his own bizarre priorities, he is very wrong. This cannot continue.
Donald J. Trump is a danger to the USA in many ways, this is just one.
May 31, 2019
By Meg Wagner and Brian Ries
Oxfam America: Trump's tariff threat is "shortsighted, harmful and counter-productive"
Abby Maxman, president of Oxfam America, issued a statement in response to President Trump’s announcement of new tariffs on Mexico.
Trump threatened to raise tariffs on all goods by 5% starting June 10, if Mexico did not curb the immigration problem plaguing both nations....
