“The president-elect appeared to confuse Toyota’s existing plant in Baja California with the new factory in Guanajuato, construction on which began in late 2016. The Guanajuato plant will build Corollas and have an annual capacity of 200,000 when it begins production in 2019.”
We contribute billions to US economy, Toyota politely tells Trump We contribute billions to US economy, Toyota politely tells Trump | Toyota | The Guardian
What a weird president the US is going to have? Let him tweet more! He will give away his own stupidity more dramatically in Twitter’s 140-character limit.
“Japanese firms employ more than 800,000 people in the US and contributed $78bn to US exports in 2014, according to the US embassy in Tokyo.”
“As the world watches for policy clues from the new administration, the daily tweeting is showing up Mr Trump’s ignorance of diplomatic subtleties and seeming disregard for geopolitical complexities. The tweeting won’t look so clever if 140 uncensored characters spark a war in some part of the world.”
“An analysis of his tweets by Politico earlier this year showed that he used words like ‘great’, ‘loser’, ‘winner’, and ‘stupid’ twice as much as other presidential candidates.”
Trump the Twitter king: diplomacy in 140 characters Subscribe to read | Financial Times via @FT
Japan devalues yen as defacto tariff on US cars*. Japanese yen takes a deliberate dive to keep things turning | Yen | The Guardian
Liberals = silent… head in sand… fingers in ears…etc
Big orange meanie argues for US tariff on Japanese cars.
Liberals = http://for.politifake.org/image/political/1011/liberals-golden-rule-for-liberals-political-poster-1289749148.jpg
*Link is to the grauniad as that is the only true and correct source of news for group thinking in this thread.
I don’t know what you are talking about? Unfortunately, I have to admit that I cannot understand your English. What do you want to convey by referring to the picture the link to which you gave us?
Foreign direct investment and trade (exporting and importing) are different.
I wonder if you are talking about the relationship between the currency exchange rates and trade.
“Liberals are those who believe in institutions that limit inequality and injustice.”
“You’re a liberal, whether you know it or not, if you believe that the United States should have universal health care.”
“The Conscience of a Liberal” by Paul Krugman, p.268.
I don’t know if Toyota’s president is a liberal or not. I know that TOYOTA is one of the transnational corporations or TRCs. Car manufacturers show us typical examples of the globalization of production.
In the past, Republicans in the US used to believe in free trade. They did not embrace protectionism. Democrats in the US used to put emphasis on the industries and workers in their own country. This is a different matter unrelated to the dichotomy of liberals and conservatives. Iaing’s critical remarks on what he calls “liberals” are beside the point, in my opinion.
“…I don’t know what you are talking about? Unfortunately, I have to admit that I cannot understand your English…”
If even Yutaka can’t understand who iaing’s “big orange meanie” is, what hope is there for Google translate? :-0
Do you think “big orange meanie” is a champion of economic protectionism of some sort? Or, is he a crony capitalist?
(Only 12 days to Donald Day…)
“Trump has threatened to impose heavy tariffs on companies if they move plants out of the United States. He has vowed to give companies incentives, including subsidies and tax breaks, if they do not relocate their plants and keep them in the country. Such tactics as forcing manufacturers to stay through negotiations have caused a buzz.
If a president forges ‘secret deals’ with individual companies, foreign firms that shy away from opaque business environments could leave the United States. If the number of companies wary of the United States’ country risks increases, the world economy could stagnate.”
Trump’s criticism of Toyota’s plan to build Mexico plant ignores reality - The Japan News http://the-japan-news.com/news/article/0003445773
When I first arrived in Japan in the early 1970’s, 1 US$ was worth 360 yen. Today 1 US$ is worth 117 yen, in other words the US dollar has devalued vis a vis the yen by more than 300%. Japanese industry adapted. They learned to produce different products, or produce more efficiently, and they also invested in production in the US, China and elsewhere.
Trade is a two way street, where all countries try to defend their own interests but recognize that there has to be some give and take. Trump does a lot of whining and bleating, but will have to learn, or will cause a lot of damage to US and world economies.
As an exporter to the US, I can say from experience that US trade authorities are not shy about defending the interests of domestic sectors which lobby them the hardest.
“…As an exporter to the US…”
So KP Wood is likely going to suffer from Trump’s policies then?
(I have long suspected that there could be a little more to Steve’s virulent dislike of another country’s president than the standard bourgeoise horror towards a non-gentleman…:-D)
the problem with this man he is as confused as his hairstyle i find it really weird all these things that he is against nowhe had no problems with as a civilian .he had no problems using undocumented labour to build his buildings but because they were europeans not mexicans that is fine ,now he is a great champion of us workers when he refused to pay the people that built his properties using loopholes in the law after they already did the work,he didn’t care about china and mexico "ripping off america? when he was benefiting from the sametax breaks that all those counties he is threating now employed when they make their own products overseas it’s much cheaper than to make them in america .his tie collection his daughters cosmetic line and the steel he uses in his buildings all come from mexico and china not made in america ,
“…the problem with this man he is as confused as his hairstyle…”
The hair is kind of…I dunno…unreal. It does seem to lack dignity for a man of 70.
I think The Donald should shock the world by radically changing his “look” before the inauguration. I think he should lose the dye, have an Eisenhower military buzzcut, and wear a loud Mr Toad style checked suit with “I like Ike” badges on both lapels. That’d show 'em.
The US protectionist action against Canadian softwood lumber has been around since the early 1980’s, with various forms of tariff and quota systems to restrict the flow of Canadian lumber into the US. When KP Wood was mostly selling to Japan and Europe, this actually helped us find supply to go overseas since mills were restricted in their sales to the US. When KP Wood became involved with a sawmill in Alberta, Canada, selling to the US, from 1994 to 2015, the “Softwood Lumber Agreement” was an irritant which hurt our business. Since we sold our shares in the mill, our major activity is importing lumber to the US East Coast from Europe. If a Trump presidency makes the US even more protectionist towards Canada , this will again help KP Wood’s business. So, no, you are wrong there.
I think a political leader should have some integrity, stand for something positive. Trump is dishonest, irresponsible, ignorant of much about which he shoots his mouth off, vindictive, nasty, petty, in short has no human qualities that I respect. I have always opposed the political correctness that is so pervasive in Canada, but Trump is like catching the plague to rid yourself of a flu. ( A slight hyperbole I must admit)
“…our major activity is importing lumber to the US East Coast from Europe…”
Okay. But wouldn’t he be protectionist towards Europe too?
I have huge respect for what you have achieved in business, Steve. However I still think it’s far more impressive that you mastered Chinese and Japanese (and other languages). At the end of the day a lot of people make a pile of money; but very very few of them could also crack both Chinese and Japanese! I don’t think I ever could…
The US domestic producers and forest owners have never shown much interest in European supplies because they are much much smaller than Canadian shipments. Usually government trade policy is determined by the amount of pressure it receives from domestic industrial sectors and the relative political clout of those sectors. That is why in Canada Quebec dairy producers have been able to impose a supply cartel on the Canadian market which inhibits imports. Very unfair very political and very unfortunate in my view.
“*Link is to the grauniad as that is the only true and correct source of news for group thinking in this thread.”
Could you be more specific? I imagine that your comment is based on your profound insights into misspelling or group thinking.
I think I am a culturally conservative, politically liberal, and economically socialistic person. Or rather, I want to be seen as such. I cannot understand the motives behind your anti-“liberal” comments. (I will never say, “Tweet more and give away your stupidity.”)
Trump confidants could face tangle of potential conflicts as presidential advisers http://wpo.st/HARQ2
Carl Icahn, Ivanka Trump, Corey Lewandowski, Jared Kushner …
Trump Administration in Washinton will build up the most corrupt system. Would it make the American economy more prosperous?
“…Carl Icahn, Ivanka Trump, Corey Lewandowski, Jared Kushner … Trump Administration in Washinton will build up the most corrupt system. Would it make the American economy more prosperous?..”
(Only 11 days to D-Day now!)