Posted on 06/03/2018 5:40:11 AM PDT by reaganaut1
Andy Marshs New York factory is trapped in the Trump trade wars.
As Mr. Trump threatens tariffs on Americas economic allies and its adversaries, many of the domestic businesses that the president says his policies are meant to protect are finding themselves victims of his aggressive approach.
Prices are rising for imported goods, other nations are erecting retaliatory trade barriers, and companies like Plug Power, the manufacturing business that Mr. Marsh runs outside Albany, are facing crippling uncertainty from Mr. Trumps fickle approach.
It is not the first time Mr. Marsh has felt firsthand the impact of decisions made hundreds of miles away in Washington.
In February, Congress and Mr. Trump gave Plug Power an injection of optimism, by extending a tax credit that was crucial to the manufacturers American expansion plans. The credit allowed Plug Power to reduce the price of its fuel cells for trucks and forklifts, and to forge ahead with new hiring.
By May, Mr. Marsh had slowed his efforts to fill more than 10 open positions in Plug Powers factory as he began worrying that the tariffs on steel and some Chinese products crucial to its business would raise the costs of the components it imports to build fuel cells. So executives had raised the price on their fuel cells, and sales were slowing as a result.
United States Customs and Border Protection had also begun delaying some of those imported components for several days after they arrived from overseas, slowing their trip to Plug Powers factory floor, Mr. Marsh said. The reason for the delay was unclear, but Mr. Marsh suspected that it could be related to the recent trade upheaval.
Other American companies, such as Ford, have faced delays with their products in China, as customs officials subjected their exports to additional scrutiny
(Excerpt) Read more at nytimes.com ...
” faced delays with their products in China”
You didn’t read the story, obviously.
The real problem isn’t a any trade war.
The real problem is that an American company is using foreign parts in their products.
Since American manufacturing has been sent overseas, it may be a while until this example company finds their parts once again Made in America!
Why don’t you go find the American company that is unable to sell their products into China because China has high tariffs in the first place.
As I have warned before, the tariffs are likely to undo, at least partially, the good done by the tax cuts,which will give the amoral Dhimmicraps the chance to claim the tax cuts harmed the economy and seem to have some credibility with ordinary people.
Join the Trump train or join DU.
So I guess that the reported product of this company blowing up and killing someone has nothing to do with this company’s woes? Who doesn’t want to buy exploding fuel cells? https://seekingalpha.com/article/4178244-fatal-forklift-explosion-customer-plant-hits-plug-powers-stock
Like ignoring the mountain of evidence about Hillary Corruption and focusing on Trump and the Russia collusion?
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