The Trump tax reform bill has already raised wages for some people and created bonuses for many others. However, a recent decision by Trump on a tariff inspired WHirlpool to create some new jobs.
Bloomberg News reported:
Whirlpool Says It’s Adding Jobs After Trump Tariff Decision
Whirlpool Corp. said it’s adding 200 jobs after the Trump Administration imposed a tariff of up to 50 percent on large residential washing machines, a penalty aimed at imports from rivals Samsung Electronics Co. and LG Electronics Inc.
The new full-time employees will work at a factory in Clyde, Ohio, Whirlpool said on Monday. The American appliance maker also vowed to make broader investments in manufacturing and innovation.
Whirlpool, based in Benton Harbor, Michigan, renewed allegations last year that its South Korean rivals illegally undercut prices on washing machines. In May, it filed a so-called safeguard petition, which is meant to provide help to domestic manufacturers hurt by importers selling products at excessively low levels.
“This is a victory for American workers and consumers alike,” Chief Executive Officer Jeff Fettig said in a statement on Monday. “By enforcing our existing trade laws, President Trump has ensured American workers will compete on a level playing field with their foreign counterparts, enabled new manufacturing jobs here in America and will usher in a new era of innovation for consumers everywhere.”
It has only been one year. Imagine how different the American economy will look three years from now.