visited a Whirlpool factory in Ohio in August, he boasted that his trade policy had led to the creation of about 200 jobs for the appliance manufacturer at the plant.in response to Whirlpool’s pleas, the Republican incumbent ultimately hurt American consumers, as prices for washing machines and dryers soared.
“Many other countries put retaliatory tariffs on the US, and on many US agricultural exports,” Gertz said.Trump has made reviving manufacturing a key plank of his pitch to voters ahead of his November 3 election showdown withTrump created more manufacturing jobs in the first three years of his term than during the last three of his Democratic predecessor Barack Obama, according to the Labor Department.
The manufacturing sector now accounts for less than 10 percent of US GDP, and Gregory Daco, chief economist at Oxford Economics, estimates the president’s protectionist policies have cost the US economy half a percentage point in growth over two years.While the trade deficit with economic rival China narrowed during the Trump presidency, the total deficit rose by 22.8 percent between 2016 and 2019 — a sign that multinationals have in fact turned to other exporting countries.
The chief executive of a US steel producer who spoke to AFP on condition of anonymity said many steel plants that tried to reopen were too obsolete to survive, and quickly closed back down.Gertz pointed to agriculture as another example of what can happen when tariffs go awry.
The fact that the whole US electoral system depends on say Ohio, is ridiculous and shows how outdated the EC and the constitution really are! It no longer applies to the modern world, where every American vote should be equally counted no matter where they end up in the country!