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Utopia Talk / Politics / Screw Trump
Daemon
Member
Mon Jun 04 08:13:19
http://for...onald-trump-tariffs-trade-war/

Germany's Billionaire 'Screw King' Tightens the Screws on the U.S.: No More Investment Until Trump Goes




One of the world’s biggest suppliers of assembly and fastening materials, Germany’s Würth Group, will not invest any more in the United States while President Donald Trump is in power, the patriarch of the Würth family has said.

Reinhold Würth, popularly known in Germany as the “Screw King,” told the Sunday newspaper Bild am Sonntag that he had “made sure we are no longer investing in the U.S. at the moment.”

“We make 14% of our annual sales there—€1.8 billion [$2.1 billion]—but I do not want to increase our engagement in America any further,” he said, explaining how he still made his presence felt at the privately-held company at the age of 83.

Würth said his reticence about further investment was based on the “general, uncertain political situation” in the U.S. “I said, we’ll wait and see if President Trump is re-elected in four years,” he told the paper. “Würth returns when he goes.”


The billionaire’s comments came just after President Trump imposed hefty tariffs on steel and aluminum imports from the EU, Canada and Mexico. According to U.S. figures, Germany is the source of 4% of American steel imports. Just over 2% of U.S. aluminum imports come from Germany.

Trump is also pushing for 25% tariffs on car imports, and seems particularly angry about German luxury cars having a place on American roads. Germany is Europe’s biggest exporter of automobiles to the U.S.

Last November, the group bought Weinstock Bros, a venerable New York maker of supplies for the construction industry—the fifth transaction in three years for Würth Industry North America. A Würth spokesperson told Fortune that no additional acquisitions are currently planned in the U.S.
Daemon
Member
Mon Jun 04 08:21:54
http://en.wikipedia.org/wiki/W%C3%BCrth

Würth was founded by Adolf Würth (1909–1954),[2] established for the purpose of selling screws in 1945 in Künzelsau (hence the company logo, which consists of the family name and two screw heads with cylindrical and round heads).


Since then, the company has become the world's leading retail group with the main business share in the distribution of fasteners and tools with approximately 120,000 different products in these lines. Its more than 3 million customers include companies from the construction industry, wood and metal crafting, automotive companies, and, increasingly, industrial customers.

Today the Würth Group operates worldwide and employs over 71,000 people, making it one of the largest non-listed companies in Germany. The German newspaper Die Welt listed it as 91 on its list of top 500 companies.
Daemon
Member
Mon Jun 04 09:04:02
Shut the fuck up

http://www.bbc.com/news/world-us-canada-44352779

The US ambassador to Germany has said he wants to "empower" Europe's right.

Richard Grenell, who was appointed by President Donald Trump last year, made the highly unusual comments for a diplomat to right-wing Breitbart News.

...
Rugian
Member
Mon Jun 04 09:19:58
Sounds like somebody doesn't want to make it to 84.
Rugian
Member
Mon Jun 04 09:21:45
"Adolf"

Confirmed for Nazi.
Daemon
Member
Mon Jun 04 09:52:35
"Adolf"

I've copied that part of the Wikipedia entry only for you.
murder
Member
Mon Jun 04 13:53:28

The Screw King is only screwing himself.

Hot Rod
Revved Up
Mon Jun 04 17:41:27

Sounds like the kinds of products that President Trump would like to see built here instead of Germany.

Cthulhu
Tentacle Rapist
Tue Jun 05 16:53:29
You are completely clueless Rod. The man cant even accept a 'German' car that manufactured on American soil by Americans. He also doesnt understand trade worth shit, since he cant understand what a 'win-win' scenario is. By all means, end trade, return to isolationism and producing nearly everythi g yourself, and see how your economy fares.
jergul
large member
Tue Jun 05 17:43:44
Cthulhu
Perhaps that is what Kim and Donald are planning on discussing.
Hot Rod
Revved Up
Tue Jun 05 21:33:55

Where is the Mercedes Plant here in the United States? I never heard of one.

Of course, there is a great deal I have never heard of.

obaminated
Member
Tue Jun 05 21:39:51
Well, were they planning on further investments at all?
Cthulhu
Tentacle Rapist
Wed Jun 06 01:26:23
Its in Alabama Hot Rod

http://en....rcedes-Benz_U.S._International

Hot Rod
Revved Up
Thu Jun 07 08:48:11

Thanks, Cthulhu. I learn something new every day.

There is a grocery store chain across from me. Almost every time I go in there I see a product that I had never knew existed before.

The most recent item was bagels with chocolate chips.

hood
Member
Thu Jun 07 08:53:16
"Well, were they planning on further investments at all?"

Besides the yearly salaries they pay employees, or does that count?
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