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Listening to Trump's meeting with CEOs today, it sounds like he is backing away from large tax reductions for corporations and focusing on removing regulations instead.

His comments on free trade and manufacturing in the US sound like he is solidly committed to an import tax.

If a country should be worried about Trump's policies, I think it would be China.
I tend to agree, since a large amount of consumer and industrial goods that used to be manufactured in the US has now been exported to be manufactured in Asian countries.
China,Korea, Japan to some degree, and the Pacific ring countries.

Today, it's very difficult to NOT to find "MIC" (made in China) on almost anything the consumer buys, but try to
find a "Made in USA" stamp is another story entirely.

Even heavy machinery such as roadbuilding/mining heavy eqt has Asian names these days...Komatsu, Sany,XCMG, Doosan, Hitachi (Japan) etc.
Caterpillar at least is still made in the US.

The machines that America produces help the U.S. economy produce other goods and perform a variety of services, but they are also an important U.S. export. In 2013, the United States exported $142.1 billion of machinery, 12 percent of total exports of manufactured goods. By contrast, machinery makes up only 7 percent of total manufacturing shipments, indicating the outsize role this industry plays in international trade.

The United States imported $142.3 billion of machinery in 2013, resulting in a trade deficit of $0.2 billion. While this is a small deficit, the overall manufacturing trade deficit was much larger at $680.4 billion, providing another indication of the strength of U.S. machinery manufacturing.
https://www.thebig5hub.com/galleries/top-10-construction-machinery-manufacturers/#prettyPhoto[0]/9/
 

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Trump met with US automakers yesterday and told them that he wants US production to increase as NAFTA rewritten to favour the US. Tarrifs will be imposed on vehicles made
in Mexico.

Doesn't look too good for Canadian automakers either. If the Trump administration slaps on new tarrifs on US brand car Made in Canada "imports", it could mean that the assembly lines in Oshawa, Oakville and Windsor/Brampton start to slow down
production because the Canadian market is not even a tenth of the US Market.

Vehicles are cheaper in the US already compared to the same vehicles made here in Canada.
With additional tariffs imposed, there won't be as much demand for dealers in the US to sell them if they can get even better deals for the same model made in the US factories with concessions from the Trump administration.

U.S. automakers have been reluctant to open new U.S. auto plants in recent years, but they have expanded operations at existing U.S. plants. GM and Ford last built new U.S. assembly plants in 2004, while Fiat Chrysler opened a new transmission plant in Indiana in 2014.
fortune.com/2017/01/24/donald-trump-auto-executives-increase-production/

www.thestar.com/business/2017/01/04/trumps-tough-talk-good-news-says-canadian-auto-union.html


Rewriting NAFTA..the Canadian economy had nothing to worry about as mentioned by one expert interviewed?
But how accurate is that? Another "alternate fact'? Ontario may have a lot to worry about!
 
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