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Old 10th January 2017, 20:45   #31
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Default Re: Trump effect: Ford cancels Mexico plant

Trump effect spreads across continents!

France's Presidential candidate Marine would seek Trump-style repatriation of car plants!
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Far-right French presidential candidate Marine Le Pen said on Tuesday she would seek to repatriate production of French motor vehicles and other industrial goods - just as President-elect Donald Trump hopes to do in the United States
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He (Trump) is putting in place measures I have been demanding for years
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Other candidates in France's spring presidential election have praised Trump's attitude on Ford, including Socialist Arnaud Montebourg and left-wing independent Jean-Luc Melenchon.
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Old 11th January 2017, 03:24   #32
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Default Re: Trump effect: Ford cancels Mexico plant

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Nakul, you just repeated what I said with more examples, but from a pure capitalist point of view.

I am not pulling the age card on you, but I see you are less than half my age and a commerce student. You are at a stage where one is either pure capitalist or pure socialist, depending on your line of study.
However, I started moving to the center in my late 30s as I learned more about humanities because of my interest in history. Now I am for a fine balance between them. Someday this might happen to you. Give couple decades or so.


Here is a history book recommendation for you, and Matt Damon wasn't kidding about how one would feel after reading it...

Totally agree with your points here. This election basically exposed voters to two different lines of economics. A fair balance is required. Gosh even the media aint fair and it took Denzel to call them out. Great movie - good will hunting. Wached it again two days ago and Wow!



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Can anyone predict what Trump does in the future? He is a fantastic salesman with very poor record in delivering the promise. So I have no idea what he will really do.
I wanted Berni to win, if it was not for the cheating done by the DNC. Trump took his template and ran with it. Just give Trump some time before writing obituaries!

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Old 16th January 2017, 09:14   #33
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Default Re: Trump effect: Ford cancels Mexico plant

Now BMW is warned by President-elect Trump.

President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.
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A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China
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Old 17th January 2017, 11:02   #34
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Default Re: Trump effect: Ford cancels Mexico plant

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Now BMW is warned by President-elect Trump.

President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market.
Even with a 35% border tax, the cars will be cheaper if made in Mexico due to high labour costs in the US.

50 years ago, when the US was the world's largest manufacturing hub, they pushed for globalisation. Now other countries are catching up with them, so they are pushing for protectionism.

But ultimately, only US will suffer. If they put up border tax for imports, other countries will reciprocate. This will cause further increase in production costs in the US and affect the quality of lives of ordinary US citizens.
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Old 18th January 2017, 11:23   #35
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Default Re: Trump effect: Ford cancels Mexico plant

GM, Hyundai and others follow suit. GM to now invest $1 Billion in US, Toyota to invest $10 billion over 5 years while Hyundai to invest $3 Billion. Looks like Trump effect is triumphing even before he swears in on 20th. Wonder what will be the case after he actually swears in an takes charge.

http://timesofindia.indiatimes.com/a...w/56615191.cms

http://www.wsj.com/articles/hyundai-...nts-1484640631

http://www.cnbc.com/2017/01/09/toyot...ive-years.html

He's threatened German manufacturers too but they have not yet relented to the pressure.

http://www.reuters.com/article/us-us...KBN1500VJ?il=0
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