How Donald Trump ditched US steel workers in favour of China

[Jacque67 7,328]

Plenty of blue-collar workers believe that, as president, Donald Trump would be ready to fight off U.S. trade adversaries and reinvigorate the countrys manufacturing industries through his commitment to the Rust Belt. What they likely dont know is that Trump has been stiffing American steel workers on his own construction projects for years, choosing to deprive untold millions of dollars from four key electoral swing states and instead directing it to Chinathe country whose trade practices have helped decimate the once-powerful industrial center of the United States.

A Newsweek investigation has found that in at least two of Trumps last three construction projects, Trump opted to purchase his steel and aluminum from Chinese manufacturers rather than United States corporations based in states like Pennsylvania, Ohio, Michigan and Wisconsin. In other instances, he abandoned steel altogether, instead choosing the far-less-expensive option of buying concrete from various companies, including some linked to the Luchese and Genovese crime families. Trump has never been accused of engaging in any wrongdoing for his business dealings with those companies, but its true that the Mafia has long controlled much of the concrete industry in New York.

Throughout his campaign, Trump has maintained that some controversial decisions for his companies amounted to nothing more than taking actions that were good for business, and were therefore reflections of his financial acumen. But, with the exception of one business that collapsed into multiple bankruptcies, Trump does not operate a public company; he has no fiduciary obligation to shareholders to obtain the highest returns he can. His decisions to turn away from American producers were not driven by legal obligations to investors, but simply resulted in higher profits for himself and his family.

http://www.newsweek.com/how-donald-trump-ditched-us-steel-workers-china-505717

[Rob L 3,811]

That makes him smart!

[ready4ONE 5,400]

I am afraid that the Rump campaign has already come up with his out on this issue, same as for his not paying taxes, he used to work for Rump but now that he is running for President he works for the people.

[floridadave 195]

$350 million lost revenue. With the multiplier effect of a dollar those millions could have shaken off a lot of rust in the rust belt states. He lost a great opportunity to show us just how he intends to make America Great again. He's done this over and over again. Trump, genius at the art of the con.