Posted on 08/20/2015 10:48:04 AM PDT by SeekAndFind
Activist investor Carl Icahn has made billions of dollars pushing companies such as Apple and Yahoo to do more for their shareholders.
His style and success are not lost on GOP hopeful Donald Trump who says he would tap Icahn to improve U.S. trade deals if elected. “I said, Carl, you're great at this. I'm great at this. We have -- there aren't too many of us. We need to bring our country back. Our trade deals are so bad."
Trump, who made these remarks on FOX Business Network’s Mornings With Maria, also called out the countries that are winning against the U.S. “I was in Los Angeles, two weeks ago. I saw ships come in, the biggest ships I have ever seen, with cars from Japan. And, you know, we give them beef and they don't even want to take it. We sell them wheat. It's ridiculous.”
Improving trade relationships could help stem the loss of U.S. jobs to overseas rivals. Trump called out U.S. companies taking advantage of better deals outside the country. “Nabisco now is moving their -- a big, big factory, they're moving a big plant from Chicago to Mexico. Ford is building a massive building, a massive assembly plant in Mexico.”
Mondelez, which owns Nabisco, (MDLZ) disclosed details on its $130 million manufacturing expansion in Salinas, Mexico last month which will impact 600 jobs in Chicago. In April, Ford (F) announced it plans to invest $2.5 billion for engine emissions plants in Chihuahua and Guanajuato which will create 3,800 jobs in Mexico.
This is not the first time Trump has floated Icahn (who he counts as a friend) as a possible cabinet member should he take the White House. Earlier this summer, Trump said he wanted Icahn to be his Secretary of the Treasury.
(Excerpt) Read more at foxbusiness.com ...
Icahn cares about making money for Icahn.
Just like........oh wait.
I'm guessing that the current trade deals are already maximizing shareholder returns so Icahn's heart may not be in it.
You have no clue as to what motivates Icahn. Neither do I for that matter. Often times, guys who are that rich and successful are motivated more by the challenge of the task in front of them, than they are by their own personal payoff.
The problem right now is, our “negotiators” are fine with de-industrializing America.
They are on the OTHER SIDE.
Trump is the only one saying, America needs to be for American jobs.
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