Featured Trump tariffs put the US auto industry in disarray

I also agree that it's a bit too early to say things are going one way or another.

I'll let y'all know when either I see that I or others have better job opportunities or if my or others' next car is noticeably more expensive.

So far I get paid the same and there isn't a job opportunity out there that's guaranteed to pay more than what I'm making.

So far I haven't needed to buy another car either. What I can say is that I was considering a particular new car for my next car purchase, but that model has basically already been taken off the market with nothing like it in it's price range. So, I'll be back to looking at used cars if the time comes soon.

 

Concur that it's 'too early.'

HOWEVER (comma!!!)
One bit of data from fake news might be an early indicator, or it might be just one swallow.
"....you pays your money and you takes your choice"

I'm on record as being a soft critic of Trump's tariff strategeries but it seems to be working for him BY WALL STREET STANDARDS with a LOT of help from TDS sufferers.
Think about it.

In Wall St you just have to beat expectations.
So.....Oppo has been saying that empty container ships will be arriving mid summer, shelves will be empty, and that the next Great Depression is already well under way.
Methinks that as August is about to dawn on the landscape - things 'might' be a little bit better than that.

Time will tell how all of this plays out on Main St.

One other indicator.
There HAS to be SOME extra money sloshing around in the economy, and Republicans are also VERY talented in competing in the race to the bottom!!!

Tariff Stimulus Checks Coming? New Proposal Seeks Tax Rebates for U.S. Workers | Kiplinger

Inflation, much?
CAN'T make this up kids.

 

It takes seconds to impose a tariff but years to build a factory and train local staff. Meanwhile, affordable parts become unaffordable and retail consumers pay the price. You can get less but must pay more.

Little sympathy from me. Just I voted for low tariffs and took actions to prepare for the worst. Some lessons can only be learned by painful experience (see Marines 1971-75.)

Bob Wilson

 

Trump EPA moves to repeal landmark finding that supports climate regulation | AP News
Not any more!
The current administration just lowered the on-ramp to the factory building expressway.
It will take at least three years to start re-building the barriers but in the meantime we will see what we see.

Don't get me wrong.
The 'Pubs are just as capable of pouring sand into the economic clockwork - but I'm happy enough if things keep going as they are.

 

I've been a conservative all my life, but all the conservatives here have tried to disavow any association with Trump, and I am inclined to agree.

The Conservative leader, Poilievre had a lock on a win in this past spring election, to become the Prime Minister, but because of Trump's tomfoolery, he tried to distance himself, but it only resulted in an electoral catastrophe for himself. He has no seat in parliament.

The Liberal Prime Minister, Mark Carney has gained the confidence of the majority population with his tough stand against Trump, and his forging of new alliances worldwide.

So, if you're still trapped in the tribal battle between Right and Left, god help you.

 

Tariffs have never been good. They led to WWII. The purpose of trade is to benefit both partners.
Freer trade results in greater prosperity; at least that's been the historical record.

Think of a village, where you have to do everything yourself. To make a chair, you had to cut down a tree, using the tools you had to make for yourself. If you wanted to eat, you had to kill a chicken you raised, and to travel anywhere, you had to do that yourself too. A much higher level of affluence can be had from trade.

 

Maybe tariffs are akin to any other tool, like a gun. Guns can be used to protect your village from other villages with guns that want to take over your village. If the other Village gets rid of their guns then you can get rid of your guns.

 

"Protecting."

 

"Tariffs have never been good." @ Paul Gregory Post 186

Contradictory me thinks - but thanks for the laugh.

Thes thread is a hoot!

 

You don't have to carry a 10 mm when you hike in Grizzly territory. But the world isn't obligated to provide anyone a safe place.

 

Yep, imagine what it would be like with NO tariffs. Say China builds a car and wants to sell it in America for $10,000 while ALL American-made cars cost $20,000. What would this do for the American auto makers and the thousands of families employed by them? So America would, rightly so, slap a 100% tariff on the Chinese cars making them cost $20,000. No, consumers DON'T pay the tariff, the country importing the product pays it to the government but, of course, would have to raise the costs of the product in order to get their money back. (Maybe not the entire 100% tariff but a large portion...else they'll find it's not cost savvy to do business.) This both protects our American industries and jobs and everyone who supports them. Folks could, still, buy the Chinese cars.
But, of course, we all know China has been cheating, and cheating for a LONG time. They've done things like manipulate currency and importing things via another country with lower tariff rates, etc. And forget China actually enforcing copyrights and patents. Invent something great in America? Well, expect it to be purchased by a Chinese company and then copied and put out on the market. (Don't believe me? Go find just about any product Made in America, with a patent, and then search Amazon for the SAME things made in China. Think they pay patent fees for copying it? Of course not and the Chinese government doesn't just look the other way, they are involved in it.
The good news is the Chicoms game they've been playing for many years is quickly coming apart faster than a paper bag in the rain!
Make America FIRST Again!

 

'encouraging'

 

a quick 30 seconds on fake product & copyright & patent infringements

 

If you label the trucker protestors as horrible insurrectionists, and gave a pass to Trudeau..you are most certainly a lefty. Must be hard living in Alberta though to be honest, you are out numbered there aren't you?

 

The moment this thread was labelled as "Tariff" it was already political and people participating should have known topics bob and weave through and about the main topic and go off track. If you are suprised by this, you haven't been a participant of online discussion forums long.

 

Things are so much more awesome when a Brit explains them, I don't know why. Regarding the knock offs though, they at some point get much better than the original because we can't maintain the quality and craftsmanship due to extremely high cost of living to produce them anymore so the Chinese stuff wins eventually. I get what Trump is trying to do, but America simply will never have the strong 1950's manufacturing base that it had to compete with the likes of China. (And no American should be thrilled about that) but we're living in their world now and have to adapt to the changes we are not #1 anymore and work with them. Trump needs to use their momentum to swing it back our way instead of this back and forth with Xi that's not productive. CCP agents have watched the Apprentice and read his book, they are toying with him.

 

That's somewhat counterfactual - but probably a good thread for FPOP_P.

Tariffs are like a pistol.
They're used to either discourage bad behavior, or promote acceptable behavior depending on the application.

 

Yeah, I'm pretty new here.

I was merely pointing out that there us a subforum for overtly political rants in case this chatroom becomes more strictly moderated.
Me?
I enjoy the discourse because iron sharpens iron.

Prius, Hybrids, EVs, and Alt-Fuel News are also political but many people can discuss them without rancor.

 

I won't use the word, "delusional" again, but there are a lot of ideas being expressed which are demonstrably falsified. Tariffs are a form of conflicts, and nobody benefits from conflict.

The notion that all Chinese goods are knockoffs and inferior is also a myth. Chinese manufacturers take orders from all over the world, and they do their best to fulfill them. When the client requests that something be made excessively cheap, the intense competition of the Chinese system will see some company or two take up the challenge and actually deliver on it.

Remember that most durable goods are also made in China. Nearly everything in your house was made there. You can cherry-pick examples of substandard goods, but chances are that they were contracted by a western company, at an extremely low price, and someone was able to deliver. Blaming China is just too easy and simplistic. China manufactures to any quality level that the client requests, high or low.

 

Not according to Chinese insiders.
Like Chinese real estate implosion, many of their Industries are on the verge of collapse - which explains why Warren Buffett is getting out of byd.