Posted on 06/03/2018 5:40:11 AM PDT by reaganaut1
Andy Marsh’s New York factory is trapped in the Trump trade wars.
As Mr. Trump threatens tariffs on America’s 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. Trump’s 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 manufacturer’s 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 Power’s 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 Power’s 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 ...
No, you are just an idiot. Thanks for playing.
I see a lot of abandoned heavy industry here in the midwest. Where do you suppose it went?
They want more on meth, more destruction. And more Chinese steel.
For years I bought Cabin Creek tops from Penneys... they started making them in Bangledash, and other places... inferior fabric (they WERE wash and wear, but not any more) and sizes were smaller, different, not made well at all. I quit buying them and so did others.. they left anti feedback. Penneys quit selling Cabin Creek tops 2 years ago.
I saw where Canada or one of those countries, listed Jeans as one of the products they were using against Trump’s stand on free trade.
I do crafts/sew... and when anyone lists a product on Ebay or elsewhere, they want where it was made, added,... for it makes a difference. And none made in the US ofA any more. There were cotton factories in N Carolina... I used to stop at the outlet places along I 85 and buy bedding, fabric, etc.. those stores that sold those items are closed.. the large cotton factory buildings are closed or used for something else.
I don’t now who thought it was better to buy from overseas somewhere, instead of making it here. I remember when the trade with Europe, etc. happened... and many thought it was good... but when factories closed, it was not good at all. but no President took it on before Trump. I have a nephew who lost all his retirement when the glass plant sold out, amd employees were left with nothing.
There are men and women who like to work in a factory.. it was not a bad job to produce products.
Since when do you and your comrades care about manufacturing? Your ilk would have 5 year olds in sweatshops making things if it helped your bottom line.
Trump isn’t starting a trade war, NeverTrumpin troll. He is trying to win the one we’ve been getting destroyed at.
“FREE TRADE?”
No such thing. Supply/demand. Supply too expensive, tell them to eat it and get it elsewhere until you can create more jobs by establishing it here.
Just the threat of that will scare the out worlders. Too many of these countries are dealing with limited supply of most of their trade items except for one or two. If they are threatened with losing the “account,” it can cause a meeting for a more realistic balance. But as long as the politicians fold up for them, it will get worse rather than better.
This is why they don’t like to work with Trump. He will “fire them.” And he will replace them. And, I hope, he will ultimately replace them with product at home creating more jobs and more trade capacity here. And as it continues, the foreign countries won’t be concerned as much about how they can skin us, but how they can cut into the action we took away from them. And that will include undercutting their action with other foreign countries.
rwood
So that's why ehh? Gee who would've ever thought?! < /sarcasm>
His first mistake is having a business in NYS.
You’re good at numbers... but you don’t have any sense of living in the real world where men and women lost jobs and their retirement, when they closed factories. Buildings that were used for manufacturing, closed.. and did not reopen. If something is made in the U S, they have a sign that says so... it’s that rare. Clothing is made overseas.. and poorly made. Our cotton factories closed... the fabric I buy is made overseas when we have cotton here.... and it’s not less expensive. What used to be $2.99 a yard 20+ years ago, is now $12.99 and up.
You quote numbers but it does not reflect what IS... it’s not impressive to go by someone’s numbers that are not correct in real life. ANYTHING made overseas does not compare to what we used to produce here in our own land.
And it’s time we make our own and buy our own.
Bingo. The only thing that makes those money grubbers happy is how much money they can make off the backs of unemployed American workers by way of communist/socialist backed/subsidized countries using slave wage labor, forced in some cases in order to sell their products in America and other capitalist based economies thus causing much economic harm but the Free Traders could care less about the people that gets harmed by their greedy practices. Go President Trump, bring back the jobs and keep restoring Americas manufacturing greatness.
As if other countries don’t have tariffs on US goods.
But exporting American jobs doesn’t?
You didn’t reply to one posting. You pulled the pin and got out fast.
Raising steel prices through tariffs hurts American manufacturing.
*****************************************************
Yes and consequently we’re facing the collapse of the American economy, massive unemployment and the return of breadlines throughout the nation! /MASSIVE SARCASM noted before I’m misconstrued.
His place is not in America, it is New York where they offer the moon and still can’t attract new business
You are a fraud and an impostor.
“Raising steel prices through tariffs hurts American manufacturing. “
There is always a single example that can be had in any situation.
BUT...
Only an idiot thinks other countries having tariffs is OK but not for America.
Only an idiot fails to see that most of American manufacturing has shut down already, and anything to restore it is bad for America.
Only an idiot takes one negative example and fails to see the bigger picture.
Only an idiot is an anti-American liberal.
Andrew Marsh....., Saratoga Springs, NY
https://www.opensecrets.org/donor-lookup/results?name=andrew+marsh&page=2
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