Economy
Related: About this forumHung out to dry twice, Tennessee city stumped by Trump's washer tariffs
Source: Reuters
Hung out to dry twice, Tennessee city stumped by Trump's washer tariffs
David Lawder
6 MIN READ
CLARKSVILLE, Tenn. (Reuters) - When President Donald Trump imposed steep tariffs on imported washing machines last week it was a Not Again moment for officials in this north Tennessee city that has lost jobs to an international trade dispute before.
The move threatens to stunt the launch of a new LG Electronics (066570.KS) washing machine factory under construction in Clarksville, just four years after the U.S.-China trade fight over solar panels scuttled a nearby $1.2 billion Hemlock Semiconductor polysilicon plant.
Its like déjà vu for Clarksville, to say how can this be happening twice to us,' the citys mayor, Kim McMillan, told Reuters.
She said that the city government was scrambling to help the South Korean manufacturer accelerate its production launch by ensuring that utilities and infrastructure are quickly put in place at the factory site and expediting approvals.
Weve got to do whatever we can to make sure that LG is able to still open their facility and hire people, McMillan added. We dont want to see a repeat of what happened with Hemlock where they cant open the plant.
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Read more: https://www.reuters.com/article/us-usa-trade-tariffs-jobs/hung-out-to-dry-twice-tennessee-city-stumped-by-trumps-washer-tariffs-idUSKBN1FI0G1
CurtEastPoint
(18,649 posts)Ohiogal
(32,005 posts)I get so tired of hearing the RWNJs defend The Thing always bleating "He's a successful businessman!". "He'll run our country like a business!"
unblock
(52,253 posts)like his businesses! as a scam to be hollowed out from the inside to line his own pockets!
there are many kinds of "businessmen" and many kinds of ceos. some are provide many skills that would translate well to the office of the president; others, not so much.
in terms of translatable experience:
- public company would be better than private company;
- big company would be better than small company;
- company with strong anti-nepotism policy would be better than a family-run business;
- a business with no bankruptcies would be better than a business with several;
- a business with many satisfied constituents would be better than a business with burned suppliers, customers, partners, lenders, and employees;
- a business with few lawsuits would be better than a business with literally thousands.
etc.
among the many great disservices the media did during the campaign was to fail to make any such distinction. even if most of these facts were covered, they still lumped him into the broad category of "businessman" or even "successful businessman" and gave him the positive spin and image of other, better qualified businessmen, that he didn't deserve.
Wwcd
(6,288 posts)how can this be happening twice to us,' the citys mayor, Kim McMillan, told Reuters.
You really have to ask HOW???
TexasProgresive
(12,157 posts)Take the last train to Clarksville
and join me as *R.I.F.ed
Be at the office by 4:30
And sign up for unemployment.
*Reduction in Force
Clarksville, Clarksville have you heard,
Mr. tRUMP has passed the word.
You all staying home,
While China makes his ties.
Mangled basic training marching song.