Featured 25% tariffs on all foreign vehicles coming in April

Approximately here. (Yahoo news link)

With our cars turning 5 and 7 this year, my family's doing great for cars right now but they won't last forever and the truth of it is that we probably can't sustain having two new-ish cars in the future.

 

We feel fortunate to have two new cars that will hopefully get us beyond the insanity

 

I suppose they’ll try to unwind all the environmental and health protections, but wages could be a tough sell

 

Or and some, just regulations.
A bit of an irony in that the political party that ostensibly likes regulations the most (protect minimum wages, protect worker safety, protect from co2, protect from low mileage standards, protect drag queen story hour, protect fish passing hydro dams, protect citizenry from gun abuse, traffic abuse, Transportation abuse, dirty water abuse etc) don't seem to have as much an issue if were supporting those countries that do all the very things that we claim to be systemic elsewhere. Hmmm.
Ie Paragon of NIMBY
Or maybe a form of virtue signaling? because we don't do those things (here)?

 

It didn’t work like that. Nixon opened the floodgates, and any following president/ congress would have destroyed the economy trying to close them.
We’ll see how it works out for your boy if he attempts it

 

Wages drop, and it'll be like Levis and Guatemala. The jeans are made there, but the workers can't afford them until wealthy Americans clean out the closet, and donate them. Where they'll eventually get shipped back the Guatemala for resale.

Making the US like Guatemala may be the end goal for some. They have constitutionally protected right to guns, ban abortion, and only the wealthy can afford education, which doesn't teach critical thinking. We already got one and the group in power is working on the rest.

 

Irony is - how Guatemala is importing a lot of their high crime to the usa. Things may be looking up, for guatemala - & similarly situated countries

 

You can’t import something to another country

 

Point taken

 

If you can't import it, it must not be important.

Sorry, I think that pun makes more sense in Spanish.

 

Why are people upset about a trade war? Its fairly straight forward. No one wins trade wars. This one has a mountain of excuses, but tarrif man believes tarrifs are the easter bunny and santa clause and can solve all problems. Just look at the moving justifications. Tarrifs don't cause inflation and foreigners pay for them. That simply is an up right lie. Sure Navarro says it a lot, but if you tax a prius $5000 to import, do you think toyota is going to eat it, and lose money on the car or they are going to charge even more. That is what happens with tarrifs. Then you say tarrifs are only 2.5% on japanese imports why am I using the higher figure? Its because once you do this to mexico, US, and Canadian auto workers then how are you going to let the number 2 imports go (Japan) with so much of a lower tarrif.

Navarro says tarrifs worked the first time on employment and points to the washing machine tarrifs (2018-2023) that he and trump put out. They point to 2000 jobs created (which may really be 1500) with the tarrifs. Now did the price of washing machines go up as much as the tarrif rate, no win for the tarrifs right? Wrong, washers and dryers are often sold in pairs so the washer and dryer each went up a little more than half of the tarrif. How do we know the price increase was because of the tarrif? When it expired the price of washers and dryers dropped to where it would have been without the tarrif. So yes US consumers paid about $800,000 more for each US job created, and the government didn't get that much of the money, US manufacturers did. Interestingly there were anti dumping tarrifs and regulations against china starting in 2012 and lasting up to trump. These did not raise prices very much as manufacturing moved to other parts of asia. That has been the effect of chinese tarrifs that have been going on. Manufacturing has moved to other parts of asia, often with chinese companies profiting and the trade deficit increasing even as chinese exports have decreased.

So no I think if tarrif man imposes the tarrifs we will not get back the 6M+ jobs we lost since the late 1970s. We live in a global economy and during the first trump tariffs nothing was gained, it really hurt americans, but politicians spin it as if it helped. Under trump manufacturing jobs decreased, and the trade deficit increased. He himself said he made lousy deals with Canada, Mexico, and China. This time china is prepared and the US will be hurt more. I expect job losses because of the tarrifs, and bigger government deficits because bad math will pretend they will make up for tax cuts on those making over $400,000/year and extra government spending.

You do realize when walmart put those signs up on a subset of products, they were imported 70% of the products from China. I try to buy american and its still tough if you go into a wall mart. If trump wants more things built in america, maybe he should think instead of putting tarrifs on parts and raw materials. That decreases what will be built here.

Higher inflation hurts american workers. I don't think he cares much about them. Tarrifs on canada to reduce drug deaths? How is that going to work. I thought they were to force canada to become part of the US. Tarrifs on lumber so its more expensive to build houses during a housing crisis? Tarrifs on Cars when cars are already unafordable to many americans. That doesn't seem to work. How is bankrupting mexico going to help them crack down on the cartels that they are doing now. It makes no sense. Those are all good goals, they are nearly impossible to get with the current policies of tarrifs on again off again. Breaking treaties with our friends. It just seems to be shock and awful to me.

How many jobs will that honda plant produce that now is planned for 2028? Will it even have any employees in 2030? Toyota moved tacoma production to mexico based on trump's USMCA treaty. I hope they bring it back to where it was before the treaty, but who knows.

Anyone look at what the stock market thinks of trump's moves? Anyone care that he just said maybe we will go into recession but it will be worth it? Did anyone buy stock in the trump corporation before it went bankrupt?

 

I have some Red Wing shoes. Came from Red Wing, Minnesota, not far from where I lived for a while. Had them about nineteen years, sent them back for new soles a few times. The time will come, though, when I need to think about some new shoes.

Most Red Wing shoes aren't made in the US anymore. Or made to be resoled.

They do have a "Heritage" line, now, that still is.

Those look to be $300 a pair and up.

 

anyone with a smidge of awareness would realize that 'just buy american' current product availability severely.

 

Like all the out-of-season fruits and vegetables that are sold at super markets. The most popular fruit in the USA, the banana, doesn't even grow here.

At any rate, I also like but don't like supermarkets. The same with online stores. One the one hand they get us products we would otherwise not be able to get. On the other, their profit oriented business structure means the people who actually work to make these products don't get much of the money. The same goes for app stores. How much do Apple and Google charge to sell an app on their store? What about even transferring money via an app? We live in a world where everyone wants to be a middleman and take a large slice of the pie without doing much of the work.

The economy works, but it's also a mess, and I can see why someone would want to disrupt it (either to make things better or just for personal gain) but I can also see reasons to leave it alone.

 

Even going in with wide eyed optimism ignorance, it is at best an aspirational goal. With a lot of dedicated effort we could probably buy American in a decade or two.

Not likely to happen with the current administration barely thinking one Big Mac ahead.

 

I get it with Mexico and China because the former is a narco-economy with substandard pay and working conditions while the latter is arguably WORSE - but why is it cheaper to make cars and generate electricity in Canada?
Are they cheating on environmental regulations?
Not following sustainable manufacturing?
Do they not pay their people a 'living wage or perhaps have lower taxes??
No organized Labour?


I don't get it!!!

 

Perhaps it has something to do with percentages ....
~88% less people &
~500% more hydro power per person

 

Perhaps - although there are people who Dam hydro.

K......NOW do cars.....

I think that the Potus is 100% wrong on Tariffs BTW.....unless they're reciprocal.
You DO use tariffs to punish nations engaging in genocide, those using slave labour, etc.....and I can think of at least TWO such nations that even the LAST administration found necessary to implement (or continue) such sanctions......

 

Well ...NO cheating on environmental regulations ......labour is organized and unionized .....but higher taxes
the CAN$ is 30%lower than the US$ so it is cheaper to make cars.....as for generating electricity , most company are Crown Corporations or owned by the provinces ....

 

Parents recently got SAS(South Antonio Shoes) that are all made in the US shoes and sneakers. Also starting over $200 a pair.

Options do exist. It just takes hunting to find, and then paying more. ex. Darn Tough socks are made in Vermont. A pair runs about $15 on Amazon. Part of that price is for high end materials and lifetime guarantee, but few will pay that when most bulk packs run $3 a pair.

Universal healthcare was cited by Toyota in choosing a Canadian location. It would a cost they'd have to pass onto the cars with US factories.