President Trump vs. Goodyear

By: Miguel A. Rodriguez

09:45, 14 September 2020

Goodyear is not good enough for President Trump

It looks like President Trump has a thing for controversy. After multiple scandals with the world's most prominent social media outlets, such as Facebook and Twitter, the American president stands against one of the largest tire makers, Goodyear.

A couple of days ago, Trump called for a boycott of Goodyear in a tweet. From his perspective, the company is “playing politics” because it forbade workers from wearing “Make America Great Again” hats. He went as far as saying that he would change the presidential limousine tires if he could.

Moreover, he describes the company as having a "Marxist" approach when it comes not only to hats but also to t-shirts that display support of a specific political movement. Allegedly, the company would prevent its employees from wearing t-shirts supporting "Blue Lives Matter"- a campaign supporting law enforcement and police officers.

On the other hand, Goodyear stated that it, as a company, is a longtime supporter of law enforcement and equal justice. It has supplied ties to police vehicles for more than 100 years. Goodyear Tire CEO Rich Kramer announced that as of Thursday, the company had clarified its policy. Now, its employees can wear attire that shows support for law enforcement. 

After Trump’s tweet, the Goodyear stock price fell by 6%. On Thursday, the day after the post, it reported losses of 0.4%.  

Read more about other disputes that the President had here!

Sources: edition.cnn.com, reuters.com


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.