PeterS wrote:
Yeah, what can I say that I haven't already said...tariffs cost jobs.
http://money.cnn.com/2018/06/27/news/baytown-texas-steel-pipe-workers-trump-tariffs/index.html?utm_term=link&utm_source=fbmoney&utm_content=2018-06-27T19:06:02&utm_medium=social
President Donald Trump's tariffs are hurting a Texas steel pipe manufacturer.
Borusan Mannesmann, which makes pipes for Texas' oil and gas refineries, estimates that the 25% tariff on imported steel will cost the company up to $35 million a year and kill its plans to expand and hire more workers.
The company imports steel tubing and casing from its parent company in Turkey, and finishes the products at a factory in Baytown. It is seeking an exemption from the tariffs and is awaiting the administration's decision.
"It would really impact the community, which already has a 10% unemployment rate," CEO Joel Johnson told CNN's Poppy Harlow in an interview Wednesday. "We want to grow."
Yeah, what can I say that I haven't already said..... (
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Hey Peter, Baytown, Texas has Exxon, which is it's biggest employer. And many other refineries in surrounding areas. Believe me there's alot. We used to be a little one horse town. But in the last 10 years we have grown into a booming business! We have many new subdivisions coming in and people buying the houses. They're not vacant!! So I don't know where you are getting your unemployment rate, but it's not right. By the way, I see more license plates from out of state than ever. Mostly from northern states!! So help me understand where you got your info because everyone I know, has a job!!