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Thread: Electrolux suspends $250 million U.S. investment after steel tariff announcement

  1. 03-04-2018, 12:42 PM #1
    Bo-4
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    Electrolux suspends $250 million U.S. investment after steel tariff announcement

    MAGA!


    First the laundry, now the fridge? A month after the Trump administration announced heavy tariffs on washing machines from companies like LG and Samsung, new taxes on imported steel may impact your kitchen appliances too. Europe’s largest appliance maker has put the brakes on a planned $250 milion investment in a manufacturing plant in Springfield, Tennessee, citing concerns about the current administration’s new plans for a tariff on imported steel. Reuters reports that Electrolux is waiting to see the formal announcement before making a decision. “We are putting it on hold,” Daniel Frykholm of Electrolux said. “We believe that tariffs could cause a pretty significant increase in the price of steel on the U.S. market.”

    https://www.digitaltrends.com/home/e...-steel-tariff/
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  3. 03-04-2018, 01:19 PM #2
    Bo-4
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    Hey where'd all our trade war defenders go?

    "Trade wars are good, and EASY to win!" -Donald J Trump

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  4. 03-04-2018, 01:32 PM #3
    gamewell45
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    Quote Originally Posted by Bo-4 View Post
    MAGA!


    First the laundry, now the fridge? A month after the Trump administration announced heavy tariffs on washing machines from companies like LG and Samsung, new taxes on imported steel may impact your kitchen appliances too. Europe’s largest appliance maker has put the brakes on a planned $250 milion investment in a manufacturing plant in Springfield, Tennessee, citing concerns about the current administration’s new plans for a tariff on imported steel. Reuters reports that Electrolux is waiting to see the formal announcement before making a decision. “We are putting it on hold,” Daniel Frykholm of Electrolux said. “We believe that tariffs could cause a pretty significant increase in the price of steel on the U.S. market.”

    https://www.digitaltrends.com/home/e...-steel-tariff/
    I'm wondering (and i could be wrong) if this is part of the "game" both sides are playing in order to get the best position on a trade deal?
    God Bless America, God Bless our Military and God Bless the Police who defended the country against the insurgents on January 6, 2021

    Think 3rd party for 2024 folks. Clean up America.

    Once I tell you that we agree to disagree there will be no more discussion between us in the thread so please don't waste your time continuing to argue your points because I will not respond.
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  5. 03-04-2018, 01:38 PM #4
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    Quote Originally Posted by gamewell45 View Post
    I'm wondering (and i could be wrong) if this is part of the "game" both sides are playing in order to get the best position on a trade deal?
    There are no "winners" in a trade war.
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  7. 03-04-2018, 03:14 PM #5
    Grokmaster
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    They said that they are waiting until it is signed, to see the details. So?
    De Oppresso Liber


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  8. 03-04-2018, 03:23 PM #6
    MisterVeritis
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    Quote Originally Posted by Bo-4 View Post
    Hey where'd all our trade war defenders go?
    "Trade wars are good, and EASY to win!" -Donald J Trump
    Who were you waiting for?
    Call your state legislators and insist they approve the Article V convention of States to propose amendments.


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