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Mexican Steel company lays off US workers out of spite

 
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NeverTrustAMidget



Joined: 06 Oct 2007
Posts: 13143

PostPosted: Thu Jul 05, 2018 6:18 pm    Post subject: Mexican Steel company lays off US workers out of spite Reply with quote

DEACERO a steel manufacturer in Mexico bought Mid Continent Steel and Wire in 2012. The company began importing 70% of it's raw steel from where do you guess? Mexico.

Now that President Trump has slapped a tariff on imported steel it seems that the steel company which sold over 4.5 tons of steel product around the world. Decided that they needed to lay off US workers.

They do not seem to be laying off workers from their 15 steel processing plants in Mexico. Which you would expect if sales were hitting the skids as they claim.

Since the company is selling it's own steel to itself there should not be an issue with profitability even with the tariffs. So why would they want to fire only US workers??????
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Porkchop



Joined: 14 Oct 2005
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Location: Hot Springs

PostPosted: Thu Jul 05, 2018 7:47 pm    Post subject: Reply with quote

Well I got to this part-"the steel company which sold over 4.5 tons of steel product around the world" and decided you have screwed up that part, because I'm not worried about enough steel to fill up nine Ford F-150 pickups, so at least provide a link, and no I aint gonna Google it! Do your own work! Rolling Eyes
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NeverTrustAMidget



Joined: 06 Oct 2007
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PostPosted: Thu Jul 05, 2018 7:58 pm    Post subject: Reply with quote

Porkchop wrote:
Well I got to this part-"the steel company which sold over 4.5 tons of steel product around the world" and decided you have screwed up that part, because I'm not worried about enough steel to fill up nine Ford F-150 pickups, so at least provide a link, and no I aint gonna Google it! Do your own work! Rolling Eyes


Excuse me i left out the world million in the post. 4.5 MILLION tons. EXCUSED THE OMISSION.

70% of the steel used at the Nail and Wire company comes from the parent company. So they chose to lay off workers due to the company having to pay the tariff. THEY WERE SELLING STEEL TO THEMSELVES. So instead of making a lesser profit they chose to cut production and DECREASE their profits even more.
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JamieHall



Joined: 11 Dec 2005
Posts: 4246
Location: Nashville, TN

PostPosted: Fri Jul 06, 2018 8:25 am    Post subject: Re: Mexican Steel company lays off US workers out of spite Reply with quote

NeverTrustAMidget wrote:
So why would they want to fire only US workers??????


Gosh, surely it isn't because Trump has gone out of his way to repeatedly insult Mexico, its leadership and its citizens. I can't imagine they'd be bothered by that. Rolling Eyes

Trump is so stupid that he doesn't realize his words will (and have) come back to bite him in his saggy orange arse.
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PV=nRT



Joined: 14 Jun 2012
Posts: 3564

PostPosted: Fri Jul 06, 2018 9:36 am    Post subject: Re: Mexican Steel company lays off US workers out of spite Reply with quote

JamieHall wrote:
NeverTrustAMidget wrote:
So why would they want to fire only US workers??????


Gosh, surely it isn't because Trump has gone out of his way to repeatedly insult Mexico, its leadership and its citizens. I can't imagine they'd be bothered by that. Rolling Eyes

Trump is so stupid that he doesn't realize his words will (and have) come back to bite him in his saggy orange arse.


LOL that you actually had to spell this out for him.
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