Featured Trump tariffs put the US auto industry in disarray

Historically tariffs between China and USA have been heavily in China's favor. Not to mention all the other ways they wage unfair trade. IP theft, currency manipulation, outright ban of US companies, it's not just tariffs.

Which country is more trustworthy? You can trust Japan to a certain extent, you can't trust China at all.
Which country already has more auto factories here than any other country?
Which country is flying spy balloons over US territory, and actively importing fentanyl?

So everyone is just lying about the Japan deal, nothing is going to happen (The Orwell TV has people hating Trump so much, they don't want anything good happening to their own country if Trump is involved)

""WASHINGTON/TOKYO, July 23 (Reuters) - U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans....
It is the most significant of a clutch of agreements that Trump has bagged...
As part of the deal, Japan will buy 100 Boeing planes and hike defense spending with U.S. firms to $17 billion annually,...
U.S. Treasury Secretary Scott Bessent said in an interview with Bloomberg Television that Japan received the 15% rate on auto tariffs "because they were willing to provide this innovative financing mechanism" that he did not think other countries could replicate""

And it's not just Japan, it's Germany also

""Audi building plant in USA to please Trump
Audi, the luxury arm of Volkswagen Group, is exploring plans to build a manufacturing plant in the United States as part of efforts to reduce the impact of ongoing trade tensions with the U.S. government....
internal estimates suggest the investment could reach up to €4 billion ($4.6 billion).......
Currently, Audi does not operate any manufacturing plants in the United States. However, its parent company Volkswagen operates a production facility in Chattanooga, Tennessee, and is building another near Columbia, South Carolina.""

 

Yep; just like the Microsoft phone, Blackberry, old Nokia - If customers can't find or install the apps they want. They're going to switch back to an Android or Apple based environment.
What about the Windows S environment laptops - most people who bought them reverted back to full untethered Windows environment. Windows S only allowed you to download apps from the windows store - alegality secured tested apps.

 

Seems like most of the Microsoft store functionality has been sunset as well, no access to former movies or virtual media purchases .

 

I agree but the US doesn't produce many things that china does. Trump failed in negotiating for the US in his first term, and did it in bad faith. Biden had 4 years to fix things and kept trump policies other than the chips bill which is bring semiconder manufacturing back to the US. No surprise that china reneged on some fuzzy elements, and that trump claimed a victory. I think he is botching negotiations again. First half of the year china grew at 5%, the US at 1.25% as countries move away from the US and do more business with china.

No but there is nothing in writing and the agreement as I read it is bad for the US.

Tarrifs on cars produced in Japan sold in America went up from 2.5% to 15%, they were lowered from the threat, but raised significantly on not just autos but just about everything imported from Japan. So yes this is a form of misleading. US consumers and businissss will pay more. The $17B was mostly old, up from $14B. Since tariffs are now 25% for autocrats, and 50% on steel and aluminum I doubt this relatively lower on Japanese cars built in Japan vs moving manufacturing to the US will increase auto employment. IF it does it will take years. Because of the ham handed way the tariffs have been done investment in manufacturing in Autos has decreased and manufacturing has lost 37,000 jobs since liberation day. With so much winning. How many jobs do you think will be created in autos and other things tariffed.

It is a win for trump, because he can claim victory while raising taxes on the working class. He also gets to pressure individual companies and that helps his ego. I expect fewer auto and steel workers in 5 years.

 

I bet dollars to donuts that it doesn't produce cars within Tramps' term, unless he pulls a Putin and tries to stay in power. It's just like the empty Apple promises to hire 20K US employees that's made to every president, when they step into office. LG did the same and finally shuttered plans to open that factory in the upper mid-eastern state.

Tariff on raw materials is going to really jack up prices, so the best we can hope for is an assembly plant. If we lose more jobs than we gain from tariff; is that really a win?????? Don't even get me started on average household debt of US families.

YMMV