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(Reuters)   Europe's largest vaccum and home appliance maker, Electrolux puts $250 million U.S. investment on hold because Trump's tariff hike. That sucks   ( uk.reuters.com) divider line
    More: Obvious, International trade, Electrolux spokesman Daniel, President of the United States, Donald Trump, President Donald Trump, largest home appliance, Aluminium, United States  
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816 clicks; posted to Business » on 03 Mar 2018 at 6:48 PM (32 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



40 Comments     (+0 »)
 
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2018-03-03 04:20:30 PM  
that sucks
 
2018-03-03 05:23:31 PM  
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2018-03-03 05:33:30 PM  
So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?
 
2018-03-03 05:56:11 PM  
vaccum

One of those will suck the spooge right out of your shag.
 
2018-03-03 05:59:54 PM  
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2018-03-03 06:20:23 PM  

Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?


It's almost like he has no clue what he's doing!
 
2018-03-03 06:43:56 PM  
Like you'd get people to give up their coal mining jobs for that.
 
2018-03-03 06:52:30 PM  
. . .so tell us again how Trump is going to be good for America, because all the US really needs is a businessman in charge instead of a politician. . .
 
2018-03-03 06:57:22 PM  
Nothing sucks like Elecrolux, except for the Flim Flam Führer's policies.
 
2018-03-03 07:06:09 PM  
Ok, so why again did Congress think it was a good idea to give the president unchecked power to increase tariffs?
 
2018-03-03 07:06:53 PM  
This must be those brilliant business skills Trump promised to bring to the White House.
 
2018-03-03 07:07:39 PM  

Silverstaff: . . .so tell us again how Trump is going to be good for America, because all the US really needs is a businessman in charge instead of a politician. . .


I don't think it would hurt to have a successful businessperson provide some insight to the White House, but Dotard is not successful, and a country cannot be run like a business.
 
2018-03-03 07:09:57 PM  
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2018-03-03 07:19:18 PM  
We use Electrolux at work. They're awful. "Industrial" my ass. When we send that back for warranty work they send us back refurbished units. Well, "refurbished" as more than once I have had to take the bottom cover off to fix a jam and found mounds of shiat inside. Straw, hair, you name it.
 
2018-03-03 07:21:16 PM  

davidphogan: Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?

It's almost like he has no clue what he's doing!


He's actuated more like a puppet.
 
2018-03-03 07:31:26 PM  

jayphat: We use Electrolux at work. They're awful. "Industrial" my ass. When we send that back for warranty work they send us back refurbished units. Well, "refurbished" as more than once I have had to take the bottom cover off to fix a jam and found mounds of shiat inside. Straw, hair, you name it.


Yes, my American friend! Everyone should buy glorious Russian vaccum cleaners instead! Now let us eat cheese-burgers and drink Coke Cola, with apple cake for dessert.
 
2018-03-03 07:40:24 PM  
Stigginit!
 
2018-03-03 07:45:25 PM  

davidphogan: Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?

It's almost like he has no clue what he's doing!


The guy you replied to thinks Brexit is the greatest thing since sliced bread, methinks he should not be talking shiat about American protectionist policies.  Pot meet kettle and all.
 
2018-03-03 08:03:48 PM  

theflatline: davidphogan: Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?

It's almost like he has no clue what he's doing!

The guy you replied to thinks Brexit is the greatest thing since sliced bread, methinks he should not be talking shiat about American protectionist policies.  Pot meet kettle and all.


You're still mad at me for trying to get you to laugh while on the phone earlier....

The UK is in no way even remotely protectionist.  One of the attractions of Brexit is we'll be able to do more free trade deals with countries around the world, something the EU has been terrible at. Even Canada said that. The biggest objection to Corbyns U turn about staying in the customs union is that it would stop the UK from doing any trade deals, especially when we have countries like Canada, Japan and more saying they are interested in signing a deal.
And we want a trade deal with the EU. How can you possibly describe that as "protectionist"?

And in the UK Siemens have announced today they're going ahead with a big new train factory, so in terms of trade it looks like we're doing better than the US. Not that that's saying much at the moment of course. But shows the Fark Remainers were totally wrong when they predicted that industry would be fleeing the UK because of Brexit. Since the Leave vote, and even with all the uncertainty, there have been many many multinational companies announcing new British factories and offices or going ahead with previously announced ones. Even Apple is going ahead with a huge new office in London. If the EU gets Ireland to give them a huge tax bill maybe they could even move their Irish operation to London?
 
2018-03-03 08:12:54 PM  
The other day I went to the store and bought a vacuum. When I brought it home and opened the box there was nothing in it.
 
2018-03-03 08:14:02 PM  

mrlewish: The other day I went to the store and bought a vacuum. When I brought it home and opened the box there was nothing in it.


That's because nature abhors a vacuum.
 
2018-03-03 08:35:44 PM  

Farking Clown Shoes: jayphat: We use Electrolux at work. They're awful. "Industrial" my ass. When we send that back for warranty work they send us back refurbished units. Well, "refurbished" as more than once I have had to take the bottom cover off to fix a jam and found mounds of shiat inside. Straw, hair, you name it.

Yes, my American friend! Everyone should buy glorious Russian vaccum cleaners instead! Now let us eat cheese-burgers and drink Coke Cola, with apple cake for dessert.


OK, not sure were you got the American bashing part but GJ?
 
2018-03-03 09:29:42 PM  
I'm wondering if China is going to use its crappy one-trip-worthy WalMart shipping containers as a way around the steel tariff.  They'll just sell them directly to scrap mills instead of hocking them to hipster preppers, with one less coat of paint.
 
2018-03-03 10:09:04 PM  
To be fair, nobody knew that International trade and economics were that hard.
 
2018-03-03 10:29:16 PM  
It would suck for you guys if they set up in Canada instead.
 
2018-03-03 10:30:57 PM  

Silverstaff: . . .so tell us again how Trump is going to be good for America, because all the US really needs is a businessman in charge instead of a politician. . .


I don't recall anyone saying this. Troublemaker.
 
2018-03-03 11:15:13 PM  

Rigger1955: It would suck for you guys if they set up in Canada instead.


It would, eh?
 
2018-03-03 11:29:44 PM  

Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?


What if I told you this is the work of Trump andhis advisors?
 
2018-03-03 11:45:31 PM  
Maybe Electrolux could put that $250 million into making appliances that don't suck.

Just a thought.

Electrolux: cheap crap designed to look expensive and last 366 days.
 
2018-03-04 12:03:25 AM  

Bovine Diarrhea Virus: Carter Pewterschmidt: So maybe making up protectionist policies on the spur of the moment without your advisers checking it out could turn out to have downsides? Who knew these things were so complicated?

What if I told you this is the work of Trump andhis advisors?


From accounts I read this was Trump and a couple of his advisers over the objections of some other advisers and decided in a single meeting before it got anywhere near the career officials who actually know how things actually work who could prepare expert analysis and briefing papers.
 
2018-03-04 01:05:54 AM  
That's okay, they make junk appliances anyway.
 
2018-03-04 02:27:40 AM  

MBZ321: That's okay, they make junk appliances anyway.


The EU on the other hand very specifically said the would enforce reciprocal tariffs on Harley Davidson motorcycles, Levi jeans and Jack Daniels.  Those companies head offices line up with the the Speaker of the House, House Leader and Senate Leader. EXACTLY.. Don is the pigeon playing chess, shiatting on the board and knocking over the pieces, the EU is actually playing chess.
 
2018-03-04 06:51:13 AM  

sinko swimo: Silverstaff: . . .so tell us again how Trump is going to be good for America, because all the US really needs is a businessman in charge instead of a politician. . .

I don't recall anyone saying this. Troublemaker.


Not sure if serious. . .
 
2018-03-04 10:59:42 AM  

jayphat: We use Electrolux at work. They're awful. "Industrial" my ass. When we send that back for warranty work they send us back refurbished units. Well, "refurbished" as more than once I have had to take the bottom cover off to fix a jam and found mounds of shiat inside. Straw, hair, you name it.


Doesn't that mean it works?
 
2018-03-04 11:04:43 AM  
Increasing tariffs is a no-brainer. Donald Trump is terrible but his stance against The TPP and free trade deals like NAFTA is one of the only good things about him.
 
2018-03-04 12:40:47 PM  

doczoidberg: jayphat: We use Electrolux at work. They're awful. "Industrial" my ass. When we send that back for warranty work they send us back refurbished units. Well, "refurbished" as more than once I have had to take the bottom cover off to fix a jam and found mounds of shiat inside. Straw, hair, you name it.

Doesn't that mean it works?


Not when you find that shiat wrapped around the motor keeping it from working. Does it suck? Yes. But it sucks the particulates into every nook and crevise of the vacuum that it shouldn't. A little more QC would go a long way to making them great machines.
 
2018-03-04 02:01:28 PM  

abriggs1: Increasing tariffs is a no-brainer. Donald Trump is terrible but his stance against The TPP and free trade deals like NAFTA is one of the only good things about him.


Tariffs are not going to reverse globalization. There's no putting that genie back in the bottle. The jobs moved overseas because of cheap labor, not taxes or free trade. They're not coming back (they don't exist anymore anyway).

I don't know what the solution is, but it's not tariffs. Economists disagree on a whole lot of things, but one thing they are all in universal agreement on is: Tariffs are bad. Deflation is bad too (never let it happen), but tariffs are equally bad as they cripple dominant industries and hurt consumers most.
 
2018-03-04 05:48:01 PM  
So, a company already making a product in the US is considering not expanding a plant because of proposed tariffs? Doesn't that sort of verify that they were taking advantage of other countries dumping their own metals into our market? I thought that was the entire point of the tariffs in the first place. Buy American metals if you want to sell to Americans. Not that I think protectionism is always a good idea but if the materials are being subsidized by another countries government to undercut our own materials prices that doesn't seem like a fair deal to me.
 
2018-03-04 05:53:00 PM  

Radioactive Ass: Doesn't that sort of verify that they were taking advantage of other countries dumping their own metals into our market?


No.

You might be right. Or it might mean that prices are normal today and the tariff will inflate them.
 
2018-03-04 06:16:51 PM  

Radioactive Ass: So, a company already making a product in the US is considering not expanding a plant because of proposed tariffs? Doesn't that sort of verify that they were taking advantage of other countries dumping their own metals into our market? I thought that was the entire point of the tariffs in the first place. Buy American metals if you want to sell to Americans. Not that I think protectionism is always a good idea but if the materials are being subsidized by another countries government to undercut our own materials prices that doesn't seem like a fair deal to me.


It might mean they wanted to export a lot of those US made goods and don't want to get caught up in a trade war. If you buy a BMW or Mercedes SUV in Europe is will be made in the US and exported to Europe.  Tariffs of steel and cars will make the imported steel more expensive AND then make the exported finished car more expensive.
 
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