"Tariff"
On what exactly? Whirlpool imports it's parts. LG's, (at least ranges) for the US market are assembled in Mexico also.
Remember what the Japanese auto industry, then the Korean's did to avoid a tariff or high dollar exchange rate? They built plants here.
No offense to you Richard, happened before you were born or just a tott.
Before the pan pacific trade deal we just exited, things were as they are. Before NAFTA, we had many plants in Mexico. NAFTA mainly included Canada, and replaced the auto-pact, which made one go there if one came here. Inglis made their own machines in Canada before, until the old belt drive wig wag design was phased out there, later than in the US.
The ceo's of FCA, Ford, GM, etc. met with vice president Pence this week to discuss the movement of NAFTA revisions proposed by Trump. Activity has been slow.
I don't buy into what politicians say about much. They don't own the companies.
They try to pose as servants in order to become masters though.
The golden rule is he with the gold rules, and always follow the money.
The system is designed so the companies compete rather fairly. They all optimize for lowest cost of design and production to compete in the marketplace.
They are not going to spend billions of dollars and a decade if not two to build parts plants stateside again.
The bulk of manufacturing is now in Asia. We were told by 1990 that was how it was going to go. That the US would be a technical and financial and service majority economy. We haven't put all eggs into that basket. As robotic technology further advances, they will further replace humans in factories. Humans maintain them, and the computers and electrical components that control them, at least for a time. Artificial intelligence may enter into that much later. My guess is that Asia and China will beat us, at least during this administration. That is far different from building towers and oil rigs. The Microsoft, Apple, and other tech geniuses don't seem to have much influence at this time with govt.
Think for a minute, do you actually think Tesla motors, etc. would get any subsidies to start up under this administration? While many say Tesla is a failure, they have advanced battery technology, and sell enough cars to make a profit now.
Just my educated opinion being from the motor city, and having had a large enough corporate career knowing the dynamics.
My dad knew the Whirlpool Clyde division dynamics well also. They had and have their efficiency experts.