Posted on Dec 18, 2016
PE Trump has a focus of Made In America. How important is it that he leads by example and brings his non real estate business back?
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Responses: 16
Maj John Bell
Even if it means you are non-competitive in the market? Have you stopped purchasing foreign made products in your professional and personal life? or do you do what makes financial success for your bottom line?
http://comingmore.com/us-imports-top-10-made-in-china/
http://comingmore.com/us-imports-top-10-made-in-china/
US Imports - Top 10 Made In China Labled US Imports - Coming More
US imports generally consists of raw material but from China it US import both raw material and ready products like cars, computer, clothes, cameras other o
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Maj John Bell
1LT (Join to see) - Do you own a product that is made overseas, when a US manufactured equivalent is available? If so, why?
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Until the rules are changed you play by the rules as they are. In business to do otherwise is a violation of fiduciary responsibility. Poor fiduciary responsibility by corporate officers of a publicly owned company is a clear invitation for the SEC to go through your underwear drawer.
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CPT Jim Schwebach
Trump Enterprises is not publicly held therefore the "fiduciary responsibility" of the executives of that company are not governed by the same rules as the officers of publicly held corporations. Their responsibility is to the owner(s) of the company to meet the goals set by those owners as long as they are legal. That's why the SEC doesn't bother my little operation out here in the country even if I market the horse meat as beef. There are a whole alphabet worth of other agencies that do get upset about it though.
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Maj John Bell
CPT Jim Schwebach - None-the-less, The American consumer has shown over and over that they will purchase products manufactured overseas despite "Buy American" programs, or unfair overseas labor practices, or product dumping by state controlled economies, or for that matter quality deficiencies. Why would any American business man deliberately cut his own financial throat when the American public overwhelmingly only cares until they can save a dime?
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Economic reality from the point of view of a business dictates where things get made. Government can change that reality via economic and monetary policies. So the right question is whether the new administration will be able to effectively change the economic environment so that business will choose to move their activities back to America.
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