George Skarich, Vice President Executive of sales of Missouri based Mid Continent Nail Corp., was a Trump supporter. As a result of Trump’s recent business decisions however, he has had to layoff 60 jobs and predicts hundreds more in the next few weeks.
Now here is an action he decides to take that has the potential to cost 500 U.S. citizens their jobs,” he added, referring to the 25 percent tariffs on steel imports that Trump announced in March. TheHill
As soon as Trump signed those tariffs into law, Skariches company, as well as most American businesses, was vanquished. Ironically, Trump’s tariffs, while destroying American business, are a gift to foreign businesses.
Let’s take executive Skariches company as an example. When Trump slapped 25% tariffs on steel imports, foreign countries retaliated with tariffs of their own. Suddenly, Skarich had to pay more for the material to make his nails. Skarich had no choice but to raise the prices of his merchandise. In the end, consumers chose cheaper foreign competition.
Executive Skarich is lobbying for Democrat Senator Claire McCaskill.
It is good to see a republican now a democrat, but it is hard for me to pity Skarich. After all, if it wasn’t for the millions of people who fell for Trump’s campaign motivational speech, the world and our country would be so much better off. If you hated Hillary or liked Trump, you were played big time!
Putting tariffs on the parts they produce will not hurt Chinese businesses or sway Chinese decision makers,” GE executive Karan Bhatia said in a May hearing held by a committee of the Office of U.S. Trade Representative. “Rather, they hurt U.S. companies that own these facilities, as well as the U.S. workers and suppliers who rely on these parts from China to make world-class products in the United States.” WallStreetJournal
Not every Trump supporter is willing to jump off the Trump bandwagon just because Trump policies have bankrupted their company. Bob Best, for example, manages D. McKeon Heating and Air Conditioning. During the campaign, Best was all for Trump’s populist messages. America first, he chanted at the rallies. He was so Gung ho for Trump, that not until Trump announced his tariffs, did he realize that he might have been wrong.
It happened within about a minute of the tariffs,” said Best. “Pretty much all of the makers raised their prices.” MyAJC
Best continued to say that despite Trump’s tariffs may cause him to go out of business, he is still a Trump supporter. His plan is to just pass the increase in costs on to customers.