Whirlpool walks back support for tariffs now that their stock prices are crashing..
 

Washing machine prices have risen 20% since June thanks to Trump's trade war. Whirlpool was all MAGA about those tariffs until it started cutting into their profits and caused their stock price to drop 14% due to lost sales and increased production costs..

MAGA, impeach Trump..

https://money.cnn.com/2018/07/24/new...ffs/index.html

More dumb Trump nutters finding out reality is much different than what they think. It's amazing such idiots can run major companies and not understand how tariffs will affect their own market...

Impeach Trump because washing machines went up.... :eek7

Impeaching him because he sucks Putin's dick, and is a lying conman is good enough reason

Everything is going up.

I'm amazed that Chump supporters don't have the mental capacity to realize whats happening. It's not just washing machines that have gone up in price. It effects almost everything that contains steel or aluminum. Vehicles are already increasing in price which means delivery's will increase, that will increase the price of almost every item you buy including food.

Within 6 months you will see the results of this twats trade war and it will affect everyone. Say goodbye to tax savings you may of made including any corporation tax reduction as they will be wiped out within a few months if not already!

lol .... I was buying Whirlpool for my rentals because they looked good, they were affordable and they were made in USA .

I already posted that it is over , buying Samsung now ...



PS : Asspimple, tell your mother to pay her rent on her meth trailer ... she is late ... ( just like when she got you ) .

It's only a matter of time before China caves in falls in line and lowers tariffs across the board. And again you guys will look like the whiney dickless cry babies that you are and Trump will slide in for his second term :pimp

Do not buy either. They are both shit. Buy a Speed Queen. They are durable and will withstand a beating your renters will put on them.

if you would even have the basic intelligence of an 8 year old and could read and interpret numbers at least a very very little bit you would already know what bullshit you are talking.

but you will also learn it soon.
time is working against you.
4 month until midterms. i am really looking forward to hear your nonsense why your dreams did not come true.

plenty of countries use tariffs to protect businesses successfully all the time. I don't agree with it but it is the case. The problem here is trump, not the initial tariffs whirlpool wanted on washing machines. trump went apeshit, lashing out at everyone with tariffs.

Don't be fucking dumb...

This, I can agree with reasoning behind some tariffs but Trump has used Tariffs to wage some personal war on everyone he doesn't like. He is seriously fucking the US in the process.

I keep wondering are we really supposed top be sitting here waiting for someone to stop him or is it that time that requires action from the people of this country to stop a lunatic before he destroys us?

CNN is just pulling it out of their asses these days. Their biggest concern is not to actually report factual news, but rather to find a way to stay relevant and move eyes to advertising. That's why they are reporting nothing but shrill nonsense.

Whirlpool is thrilled at the idea of having Chinese companies like Haier excluded from the USA market. Foreign products are crushing them.

This is an opinion piece by Nathaniel Meyersohn. I swear to god you just can't make this crap up it's so predictable.

i like whirlypoo

You're lying.

Why do you disrespect people here by lying to them?

Whirlpool CEO: Steel prices have reached 'unexplainable levels'

“While the U.S. steel has also historically priced at a premium to the rest of the world, most recently, the U.S. steel is 50% more expensive than the rest of the world and simply cannot be explained by the input costs.”

As a result, the company has raised prices and may do so again.

Whirlpool shares plunge 14.5%, post worst day since 1987 as tariffs wreak havoc with costs and suppliers

Well, That's a Real surprise ? :Graucho

I blame many foreign leaders for lacking the wherewithal and ability to force trump to a bargaining table on trade. yes, trump's a schmucking icehole but we don't get to choose who we HAVE to make deals with. it's all of our leaders jobs to make deals. that's what they're supposed to do. they can't just say I'm not going to deal with trump because he's a bully. tough shit, put your big boy pants on and do your job.

Everyone did "wheel & deal".

We had agreements.

Trump broke our agreements making America look like it can't be trusted to do as it promises.

Now that Trump has proven that he can't be trusted to keep his word ( by breaking our agreements ) , you think people should make new agreements with him.

You aren't thinking logically

The impact of cheap imports from China far outweigh any issues with materials costs. The materials costs will resolve, but without tariffs the import issue will not.

WHR stock would have been down today one way or the other, and I am sure they are looking at finessing their numbers into some corporate gibs.

How much access do you think Chinese consumers have to foreign products? Do you think they occupy any shelf space in China except under exotic circumstances? Do you think companies like WHR sell any finished product in China?

I'm not an American and I don't really have a dog in this fight. But I have spent a lot of time in China and their market is closed like a drum by both unfair law and prejudice to foreign products. The trade imbalance is outrageous and unsustainable and has to be corrected. Not going to be pretty but it has to be done.

You lied.

Whirlpool is not happy at their stock tanking to historic 1987 lows because of the tarriffs.

I think you are wrong on this. Trump has proven time and time again he will break deals, even deals he claimed he would support or deals he made himself. It's the same logic Robbie used to blame Obama for not being able to make deals with Republicans in Congress.. You can't make deals with a unwilling party.

You have to have 2 willing parties who will stand by their deals once made to make a deal. Trump is not willing to make honest deals in the 1st place and what he has made he reneges on with in weeks on multiple occasions.

I think it's not fair to blame other world leaders for Trump's inconsistency and constant twitter tantrums.. As a result the rest of the world is moving on with out the US. Trump will cause harm to our country for years to come just like Reagan did..

no, it's just you don't get the logic. I don't think that leaders should make new agreements with trump. I know leaders should make deals with the USA.

i'm not wrong because the G7 , as just one example, proves me right. according to CA news, we had a deal with ca, trump caved on the sunset clause, which was the sticky point for ca, then trump left for AF1. trudeau then went on live tv and told canadians they won't be pushed around by trump, etc. trump saw that live on AF1 and then refused to sign the G7 exit statement.

that's just a fact.

it's not a zero sum game on leaders. just because we have a dipshit leading the USA doesn't mean other countries don't have poor leaders. look at eu, they're all fighting among themselves and can't even get their own shit straight on pretty much anything. that has nothing to do with trump.

You are looking at one thing with out looking at the entire picture. You don't mention any of the rhetoric Trump said leading up to that. This is the same tactic most of the Trump supporters use to make excuses for him.. They use only the negative toward Trump but never the entire picture of what lead up to that moment. It's not a vacuum where Trudeau came to that point from a single moment. It built up over time from Trump's previous comments & actions..

This narrow viewpoint psychologically allows them to feel the perpetual victim :2 cents:

Of course they are not. But tariffs are not the exclusive reason for the decline as portrayed as dramatic fact by Mr Nathaniel Meyersohn. WHR would have been down today tariffs or not.

In fact the WHR CEO reminds us that his costs for steel were negotiated and set in contract long ago.

https://www.thestreet.com/investing/...BC&cm_ven=CNBC

Nathaniel Meyersohn and CNN are misrepresenting facts by omission. Drama sells, and I gather eyes on their website are up from their decision to fudge it a bit. I wonder how much they get from links on their main page such as "These are the leggings everyone is buying from the Nordstrom sale" by Anna Hecht.

Anyways believe what u wanna believe. It's probably a good day to buy WHR and I see there is already some volume happening.

of course I have. I've mentioned several times trump's a horrible guy, a schmucking icehole, etc et al on&on blah blah.

again, my view on many world leaders has nothing to do with trump. trudeau is not an ineffective leader because of trump. neither is merkel, macron, mattarella, may. etc.

rhetoric is rhetoric. it's inconsequential and impossible to be a talking point. consequently, it should never stand in the way of a deal. we all have to sit through baloney rhetoric to get to the nitty gritty deal. fact is trump caved on the sunset clause in spite of all his preG7 rhetoric much of it included him claiming how important the sunset clause was. World leaders are supposed to be professional enough to segue past silly rhetoric and temper tantrum throwing clowns.

And wow CNN is a goldmine of hysteria. Their homepage just updated with "Trump just said something truly terrifying" and "The President's rhetoric suggests the obliteration of free media. And if you blinked, you might have missed it."

And that's because Trump said "Stick with us. Don't believe the crap you see from these people, the fake news. ... What you're seeing and what you're reading is not what's happening."

Now if you can't see that as hysterical opinion put forth by CNN I don't know what to say. It's not news. It's not Journalism. It's just silly.

It hurts my head to read this shit I am out lol. I don't really support Trump, but neither do I believe that the MSM is factual.

Why are you categorizing one news website as all of the mainstream media?

That's dishonest.

I'm not trying to pigeon hole you into a corner btw, just saying I think there was a lot more going into that meeting on the trade deal, than what was said just before or right after. I think for the most part world leaders do not look at Trump as someone they can deal with because he clearly breaks deals he's made and what he asks for is usually unrealistic. Trump has caused that problem for himself and now we get to suffer because of it due to a Republican controlled Congress of do nothings that are unwilling to uphold their Constitutional duties to hold the WH in check.

I appreciate that. While I think other leaders are accountable for making deals, I understand it's not always possible to close a deal. I get that. Regardless, leaders should try harder. Something else along this line too, trump catches heat for bailing out on the Paris Climate Accord and I agree that he should be held accountable for bailing out. But euro leaders are also bailing out on the Accord, they just aren't as assholey about that as trump is. Germany won't meet its PCA promises and their leaders decided to just give up on them. Canada is also bailing out on their promises via trudeau's goal of becoming a major oil producer. these same leaders point at trump for bailing on the deal.

apparently jean-claude juncker the drunk was able to finagle a deal to make a trade deal with trump today.

congrats juncker!

I came for a deal, we made a deal. The EU continues to stand up for free and fair trade. My joint statement with @realDonaldTrump:


Joint U.S.-EU Statement following President Juncker's visit to the White House
Washington, 25 July 2018

We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity, and of fighting jointly against terrorism.

The United States and the European Union together count more than 830 million citizens and more than 50 percent of global GDP. If we team up, we can make our planet a better, more secure, and more prosperous place.

Already today, the United States and the European Union have a $1 trillion bilateral trade relationship – the largest economic relationship in the world. We want to further strengthen this trade relationship to the benefit of all American and European citizens.

This is why we agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods. We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans.

This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal.

Secondly, we agreed today to strengthen our strategic cooperation with respect to energy. The European Union wants to import more liquefied natural gas (LNG) from the United States to diversify its energy supply.

Thirdly, we agreed today to launch a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles, and slash costs.

Fourthly, we agreed today to join forces to protect American and European companies better from unfair global trade practices. We will therefore work closely together with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state owned enterprises, and overcapacity.

We decided to set up immediately an Executive Working Group of our closest advisors to carry this joint agenda forward. In addition, it will identify short-term measures to facilitate commercial exchanges and assess existing tariff measures. While we are working on this, we will not go against the spirit of this agreement, unless either party terminates the negotiations.

We also want to resolve the steel and aluminum tariff issues and retaliatory tariffs.

Whirlpool's CEO: These 4 Big Things, Including Tariffs, Dominated Quarter

"Bitzer said the chief contributors to the earnings miss and the company's biggest concerns going forward are the cost of steel and resin that go into making the large metal boxes that become washing machines, dryers, stoves and refrigerators, the company's stock and trade. The two other important factors are freight, affected by the cost of fuel and a shortage of drivers in the trucking industry, and tariffs, including those imposed by President Donald Trump's administration on steel imports earlier this year."

Oh Tommy, you're really fucking dumb. How many times can you be wrong?

https://i.imgur.com/s4mfIsE.png

Typical Trump supporter, resorts to calling people names because they don't have the intelligence to do anything else. At least you have that in common with your leader

wait for it................

Feel bad for anyone with Whirlpool stock in their portfolio

So basically what you are saying is Trump's policies and business practices were already hurting Whirlpool, and the tariffs just added more flames to the fire?

Whirlpool stock has been declining rapidly for well over a year. But don't let facts get in the way of a great narrative.

Notice they make up a lie for each new bad thing that happens from the Tarrifs? No honesty or integrity with the alt-right hate troll and his fake nics. He can't just say Trump fucked up :evil-laug :evil-laug

that's not at all what he's saying.

So stocks always maintain the same direction for years regardless of market conditions? Great narrative.

The company's performance has been in decline for well over a year. It has nothing at all to do with trade tariffs ... which is what the OP is saying.

And yeah... since you don't know... people don't invest in stocks to lose money. And notice that ALL competing companies aren't trending the same way. It's one failing company with leadership who is blame shifting to save their jobs.

He a Trump supporter not the sharpest tool in the shed but a tool nonetheless.

and they are also just bad business people ?

https://www.marketwatch.com/story/ty...nce-2018-07-30

but that´s what trump loves.
even his "lawyer" is now not sure if collusion is a crime :-)

imagine that:
you go to a lawyer because you are committed a crime. the lawyer takes the mandate (and possibly your money) after a few month paying him he tells you that he is NOT SURE if that what you did is a crime.

this is comedy pure :1orglaugh:1orglaugh:1orglaugh:1orglaugh

ahaaaa IDIOT - the stocks go up because he PREVENTED A TRADE WAR - do you have someone in your near who translates the bullshit you write to you ?

where did he WIN anything.
do you know WHAT they have agreed?
obviously NOT !
because if so you would not talk monkeypiss again.