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Originally Posted by Rochard
Holy shit. You just want to spin everything don't you.
"Ford faces pressure to improve its profitability. Its profit margin has lagged those of some competitors. It has announced the costs of commodities it buys, such as steel and aluminum, have increased about $1 billion annually after tariffs were imposed on those products."
Trump's trade war is causing America's second largest car company to cut 10% of it's workforce. This comes after GM announced last November they are cutting 15% of their staff.
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Getting the Steel and metal forging industries back to the US is going to take time, it will cost consumers money, but it will save taxes and give more jobs to more people. Also the increased prices apply to everyone, not just Fords. Now it's important to make sure foreign companies using foreign low priced steel are benefiting by that.
Not protecting home industries means this.
https://www.bbc.co.uk/newsround/35355882
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The UK has a rich history of making a type of metal called steel, which is used in things like buildings and transport.
The British industry is struggling because of competition from China, which sells its steel more cheaply.
The Tata Steel company has announced planning to sell its UK factories, putting thousands of jobs at risk.
The government says it's working hard to help save the British steel industry.
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At some point the haemorrhaging of good jobs to the 3rd world has to stop, jobs have to return to the 1st world if the 1st world wants to stay there. Or next time it might just be your job that gone.
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If the tax cuts worked... Why are they cutting jobs?
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I've explained why.