Revealed: Trump ditched US workers and secretly purchased steel & aluminum for last two projects...

[DonViejo]

Source: Newsweek

Revealed: Trump ditched US workers and secretly purchased steel and aluminum for last two projects from China

03 OCT 2016 AT 14:41 ET


Plenty of blue-collar workers believe that, as president, Donald Trump would be ready to fight off U.S. trade adversaries and reinvigorate the country’s manufacturing industries through his commitment to the Rust Belt. What they likely don’t 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 China—the 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 Trump’s 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 it’s 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.

Hope Hicks, a spokeswoman for the Trump campaign, did not return an email seeking comment.

-snip-


Read more: http://www.rawstory.com/2016/10/revealed-trump-ditched-us-workers-and-secretly-purchased-steel-and-aluminum-for-last-two-projects-from-china/

[ffr]

1. Did you hear that Pennsylvania and Ohio? Hit your dumpster supporters with that!!!

Can't wait to hear how they come to his defense after this nail in his coffin.

538 now showing 71.7% for Hillary. Donald is dropping by the hour.

[moonscape]

5. Hopefully the next Hillary ads will make sure they hear it ... n/t

[4lbs]

2. Remember. It's pronounced "J-EYE-NUH". How "smart" and "genius" isn't it blue-collar people?

That's ok, right Trump supporters?

So, what, who cares right?

[SunSeeker]

3. K & R for exposure of CON. nt

[keithbvadu2]

4. Romney made a specialty of sending jobs to China.

Romney made a specialty of sending jobs to China.

Now we have Trump.

When are republicans going to be patriotic to our own industry and American workers?

Don't they speak about this stuff?

[AKing]

6. Pence should be put on the hot seat regarding this since Steel is a big industry in Indiana

[Mamajami]

7. THIS is the story of the week. PA and OH voters should have this drummed into their heads

to think about. Who really hurt them economically. They need to know what a two-faced liar he is and how he really doesn't give a damn about them.

[King_Klonopin]

8. Because he "owes it to his stockholders" and becuase "free market" and because...

The only person(s) he truly feels he owes anything to is himself.

He will use stockholders and free market forces as BS excuses.
It appears that, while he owes his stockholders an adherence to
his vow of greed, he feels that he owes the working people of
the United States NOTHING.

[riversedge]

9. Newsweek: How Donald Trump Ditched U.S. Steel Workers in Favor of China

How Donald Trump Ditched U.S. Steel Workers in Favor of China

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


By Kurt Eichenwald

On 10/3/16 at 1:36 PM


Plenty of blue-collar workers believe that, as president, Donald Trump would be ready to fight off U.S. trade adversaries and reinvigorate the country’s manufacturing industries through his commitment to the Rust Belt. What they likely don’t 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 China—the 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 Trump’s 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 it’s 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

Hope Hicks, a spokeswoman for the Trump campaign, did not return an email seeking comment.

Of Trump’s last three construction projects, the first to use Chinese steel was Trump International Hotel Las Vegas, which opened in 2008. That the manufacturer is from China is not immediately evident; this fact is hidden within a chain of various corporate entities, including holding companies registered in the British Virgin Islands. That micro-state is a popular site for obscure off-shore entities that exist only on legal documents, limiting the potential liability of real businesses while obscuring their true owners..............................................

[yellowcanine]

10. This will hurt Trump in Ohio and PA. Cuts against his trade war arguments.