Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trump Towers Made Of Cheap Chinese Steel
Posted
October 5, 2016
Views
238,660
Likes
4,262
Comments
1,386
Engagement
2.37%
October 5, 2016
238,660
4,262
1,386
2.37%
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9:52Now PlayingNewsweek investigated Donald Trump's business dealings with Chinese steel companies, because wouldn't it be funny if the guy who yells about China stealing our jobs all the time went with cheaper Chinese steel for his buildings? Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"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."*
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Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
***
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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