A Kentucky car dealer lamented that he’s never going to be able to grow his business if President Donald Trump’s trade war continues on this track.
In an interview with CNN that aired Thursday, Steve Gates boasted his nine dealerships in three states with nearly 700 employees. He wants to hire more people and “add rooftops,” but Trump’s trade war is causing him some fear.
“Scared because the president’s trade fight with China and the world taking a bite out of the automotive industry, slowing sales, crimping growth, creating uncertainty,” the report revealed.
He called it “unfair” because he works “so hard” daily but the politicians are dictating his future.
“It just seems wrong,” he said.
Gates isn’t alone. A firm that tracks job losses found that nearly 20,000 jobs in the automotive sector are now gone and there’s an expectation that 25 percent of those jobs are about to go next.
“The U.S. Auto industry hit by tariffs and price increases for over a year now,” CNN reported. “First due to steel and aluminum tariffs in March 2018. Then tariffs on Chinese-made car parts in July and again in September last year. Then last week, even higher tariffs imposed again on Chinese auto parts among other materials. Here in Kentucky, it’s not just car production and sales feeling the tariff pinch.”
Stories have mostly been about struggling farmers, who were promised a bailout by the Trump administration. It didn’t do much to stop the bleeding.
At least one soybean farmer said that he’s being forced to take $65,000 out of his own savings to plant a crop this season. Planting is better than not planting because he knows he’ll lose money, but he’ll lose less money that way. One farmer proclaimed he would never vote for Trump again.
As of January 2018, the trade war cost Americans $13 billion.
Watch the full report below:
‘That’s total nonsense’: Bill Kristol punches Santorum right between the eyes on Trump’s failing trade policy
CNN contributor Rick Santorum said he was personally offended on Sunday after conservative writer Bill Kristol attacked President Donald Trump's trade policy.
During a segment about Trump's trade war with China, Kristol noted that the president seems "demoralized" and "depressed."
"His economists have told him privately we're slowing down and we're at some risk of toppling into a recession," Kristol explained. "His political people have told him his numbers are going down not up."
The conservative writer pointed to Trump's racist attacks on black lawmakers as one mistake he has made.
WATCH: Larry Kudlow wilts under barrage of questions about Trump’s conflicting trade war comments
Larry Kudlow, who appeared to have been drinking before his FOX News appearance last Sunday, probably wished he was drinking this Sunday after his stammering performance on CNN where he faced a barrage of questions from "State of the Union" fill-in host Brianna Keilar.
Speaking from France where he is attending the G7 conference with Donald Trump, Kudlow was put on the spot over the president's comments where he seemed to express regret over launching a trade war with China.
CNN anchor says Trump is ‘arsonist-in-chief’ on the economy: ‘Start practicing your stop, drop and roll’
Conservative CNN anchor S.E. Cupp blasted President Donald Trump for taking a "blow torch to the U.S. economy this week."
"If it feels like the world is on fire, that’s because it literally is," Cupp said. "New reports that yesterday a U.S. plane made its way to South America to help local authorities fight the massive fires ripping through the Amazon, the world’s largest rain forest."
"The Brazilian President Jair Bolsonaro finally caved to global pressure to authorize the country's military to assist in putting the fires out. That afterBolsonaro initially accused his critics of intentionally starting the fires -- to make him look bad," she said. "Chaos, delayed action, conspiracy theories, sound familiar?