Good Story About Delphi, Mexico, Ohio and Trump
 

http://www.latimes.com/world/mexico-...htmlstory.html

Hurt Mexico and the jobs leave North America for Asia; here is a good quote from someone in the know at the end of the article:


"Speaking at Barclay's Global Automotive Conference in New York in December, Delphi’s chief financial officer Joe Massaro explained what he thought would happen to Delphi under several Trump trade scenarios.

If Trump were to close the border with Mexico outright, “in less than a week, all the people who voted for him in Michigan and Ohio would be out of work,” Massaro argued, underscoring the fact that many factories in the U.S., including car makers in Detroit, depend on parts made in Mexico.

If the United States were to withdraw from NAFTA and start taxing imports from Mexico again, Delphi would continue doing business in Mexico, he said. The company would pass on the extra cost to its suppliers or to consumers, or would find a way to reduce its production costs — which could mean layoffs or salary cuts in Mexico."

Nobody is cutting off Mexico. It is about adjustment and emphasis.

Note Massaro use of the term "outright".

Massaro is employing word tricks. He is dishonest.

Wouldn't Congress have to pass legislation to increase tariffs?

Usually but right now we are technically in a war against terrorism.
In time of war the President has the power to raise import duties.

I am sure there would be court battles.

http://money.cnn.com/2017/01/23/news...-tariff-power/

The man runs Delphi so he should know a bit more than you.

Pretty sure Mexico isn't a terrorist nation and technically Congress hasn't declared war.

Trump is just being Trump with his Mexico tariffs. It plays well to his base. One potentially good thing about Trump is that the power of the imperial Presidency will in all probability decline. Not a bad thing in and of itself.

In addition, Trump isn't going to close the border with Mexico for the very same reasons Massaro gave.

Pretty sure Chief Financial Officers don't run large corporations.

lol......

It is called Afghanistan.

Right. The CEO does it all himself. The Chief Financial Officer doesn't have any input on where to move factories. It's like a dictatorship.