Trump threatens Toyota, a foreign company, for building plant in Mexico

[heatcharger]

http://www.cnbc.com/2017/01/05/donald-trump-goes-after-toyota-third-automaker-in-a-week-over-mexico-manufacturing.html

https://twitter.com/realDonaldTrump/status/817071792711942145?ref_src=twsrc%5Etfw

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This is beyond dumb. Even if you were protectionist, you have to be able to realize this is not saving any jobs. The jobs at this new plant in Mexico literally never existed in the United States. All this is doing is levying an absolutely regressive tax on a company who will inevitably pass on the burden to the consumers.

[Mike88]

How will that tax even work? Imagine i have a factory in America, i close it and move to Canada, Mexico or whatever and then what? I receive a letter from the US Fiscal authorities to pay a tax for leaving America in another country? Is that it?

[Meclazine for Israel]

I disagree. Trump is changing the mindset of corporate America to look after manufacturing in the USA.

There is a balance, and when you think about it carefully, it needs to be restored.

Why, as the #1economy in the world, would you let US companies manufacture everything 50km outside your border at the expense of your own workers?

When the future of the American people is left in the hands of a corporate CEO, they will lose every time.

The USA has Presidents lasting 4-8 years, and CEO's lasting even less. But what is missing is a long term view of where things are going and someone with a economic brain in their head to manage these issues. That is where China has an advantage.

They do smart things with a 20 year time goal. For example, China have been going around the world, and purchasing the mines of particular minerals, of which they now control 95% of supply. They then drop the sale cost back to China, thereby paying lower royalties and taxes on sales to the host nation of the mineral resource, and then get it back to China, and ratchet up the price when they sell the goods.

The policies of the USA in the mean time have been essentially to tie your own hands behind your back on the international stage whilst racking up a $20 Trillion debt.

You need some level of common sense in the USA.

It doesn't work. It's not working. You guys lose badly on the global stage because you are shooting yourselves in the foot.

It's economic insanity to have some of these manufacturing and trade arrangements in place with China and Mexico.

[Sprouts Farmers Market ✘]

Doesn't France do something similar? This is about manufacturing at point of consumer rather than country of corporate headquarters, no? Please explain if I misunderstand.

[🦀🎂🦀🎂]

Doesn't France do something similar? This is about manufacturing at point of consumer rather than country of corporate headquarters, no? Please explain if I misunderstand.

Yeah, well that is the sort of goofy stuff France would do,

[Devout Centrist]

Doesn't France do something similar? This is about manufacturing at point of consumer rather than country of corporate headquarters, no? Please explain if I misunderstand.

Yeah, France, pinnacle of economic growth and conservatism.

[JJC]

I disagree. Trump is changing the mindset of corporate America to look after manufacturing in the USA.

There is a balance, and when you think about it carefully, it needs to be restored.

Why, as the #1economy in the world, would you let US companies manufacture everything 50km outside your border at the expense of your own workers?

When the future of the American people is left in the hands of a corporate CEO, they will lose every time.

The USA has Presidents lasting 4-8 years, and CEO's lasting even less. But what is missing is a long term view of where things are going and someone with a economic brain in their head to manage these issues. That is where China has an advantage.

They do smart things with a 20 year time goal. For example, China have been going around the world, and purchasing the mines of particular minerals, of which they now control 95% of supply. They then drop the sale cost back to China, thereby paying lower royalties and taxes on sales to the host nation of the mineral resource, and then get it back to China, and ratchet up the price when they sell the goods.

The policies of the USA in the mean time have been essentially to tie your own hands behind your back on the international stage whilst racking up a $20 Trillion debt.

You need some level of common sense in the USA.

It doesn't work. It's not working. You guys lose badly on the global stage because you are shooting yourselves in the foot.

It's economic insanity to have some of these manufacturing and trade arrangements in place with China and Mexico.

What this user said ^