Posted on 01/23/2019 11:01:40 AM PST by Oldeconomybuyer
DAVOS, Switzerland - From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way.
Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump’s trade war with China will dampen the global economy and business investments even further.
One key complaint here this week: Companies increasingly reliant on consumers in China have had to lower their earnings outlooks as the world’s second-largest economy cools.
And while the U.S. administration has cut taxes and regulations to attract new investment, a wave of caution is rippling through many industries in the United States.
“The trade war has been very damaging for the U.S. agricultural economy,” said David MacLennan, chief executive of U.S. food and agricultural giant Cargill Inc, which announced worse-than-expected results out of China earlier in January.
“The longer this goes on, the worse it is,” he told Reuters.
Alan Jope, chief executive of consumer goods company Unilever (ULVR.L), said the United States remains a good market for its products, which include Dove deodorant, Magnum ice cream and Lipton tea.
But it is China, where Unilever last year joined forces with ecommerce giant JD.com (JD.O) to move its products around the country, that has become the more resilient market.
Jope said China was “one of our most reliable sources of growth. China provides the new stability in consumer consumption.”
(Excerpt) Read more at reuters.com ...
Reuters = Yahoo = Pravda (maybe worse).
IOW. Economy sux.
What would Reuters have said if the CEOs were sweet on “Trump’s policies” ?
The globalists want a broken America subsumed to the United Nations.
Trade wars don’t last forever, and the benefits can roll strongly in until the next one. To these CEOs, tough negotiations with China go, “You can have whatever you want. But that’s our final offer.”
Many CEO’s can’t publicly say, “Go Trump! China’s bleeding us dry with IP theft!” if they want to do future business in China.
More Fake News
LOL. And this is a problem how? Trump is standing up to China continually screwing the US in trade and, because these CEOs have a lot of factories in China, they are complaining about Trump's policies???? Do they want Trump to roll over and continue letting China screw us so that their China factories can make them a lot of money?
MEGA. Not the Plan.
MAGA Is the plan and it’s working.
Trump criticized at Davos? Stop the Presses!!
We’ve been a trade war for 30 years now. That’s a long time.
Were any of them CEO’s of American Steel Companies?
How do they feel about 780% personal income tax, I wonder?
No IOW:
They want the US to surrender to China so they can enjoy the short term results of selling to China, even if it wrecks the US.
And Soybean farmers are worried because they are the US biggest exporters.
I watched some interviews from Davos and I didn’t get the impression they were ‘sour’ at all.
The President owes absolutely nothing to these greedy Hillary supporters. Let them have AOC and the other Communists tax them at 90% and they will miss these Good Old Days of the Trump booming economy.
And probably their biggest discontent is they offshored labor to China, and now Trump is tariffing their products they are trying to sell back into the US.
But they won’t ever say that.
Yep. They found a CEO like Zucker, Zuckerberg, Dorsey, etc. and generalized it speciously.
What BS.
President Trump...and by extension, America...is winning the trade war with China.
I guess these so-called CEOs missed the announcement about China buying one trillion dollars of American products over the next six years.
China’s economy is slowing down and they will capitulate to President Trump as a result.
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