Tariffs

[jack_lord]

What the actual fuck is Trump playing at?

Surely this is a game that the USA will actually lose?

How the stock market responds is worrying

 

[Wing_Stand_Wood]

What the actual fuck is Trump playing at?

Surely this is a game that the USA will actually lose?

How the stock market responds is worrying

It'll be interesting what'll happen with the likes of Michael Burry i.e. a bit partial to 'shorting stocks', and what Warren Buffett's opinion of this will be?

Retaliation from other countries? What is good enough for the goose is good enough for the gander?

Trump drops European Union tariff bombshell as new front emerges

On the eve of new tariffs on Canada, Mexico and China, President Trump said he would 'absolutely' slap them on the European Union as well. It was not immediately clear when.

www.dailymail.co.uk

 

[rockinj]

Economic Nationalism just makes everyone poorer.

The really crazy part is Trump talks about reducing rate of inflation but has policies that will increase prices.

But no doubt whatever happens it’ll be the deep state, immigrants, trannies

Feck knows anyone but maga

 

[Cooperman]

Very strong indicators in the automotive industry regarding where his priorities lie - ‘made in USA’ features very highly here. Trump is acutely aware of the situation in states such as Michigan which have swathes of empty factories and skilled labour unable to find jobs. His argument is clear; move production back over the border from Canada, create jobs, deliver organic growth. UK governments could take a leaf out of this book.

 

[monmouth]

Didn’t Ford move production out, Coops?

 

[Pegojack]

We should respond in kind. 25% tariffs on all US imports into Europe.
Where are his Nazi sidekick's Tesla cars made? I hope their sales drop off a cliff.

 

[Cooperman]

We should respond in kind. 25% tariffs on all US imports into Europe.
Where are his Nazi sidekick's Tesla cars made? I hope their sales drop off a cliff.

It’s usually Berlin for Europe.

Some of your trust holdings might well have a finger in Tesla. Be careful what you wish for.

 

[Cooperman]

Didn’t Ford move production out, Coops?

There are a few plants dotted around Canada and Mexico, a mix of engine, pressings and full scale vehicle assembly. You can see the Windsor Ontario engine plant from the banks (US side) of the Detroit River, this probably winds Trump up a treat. Whilst none of the big three have pulled out of the US, the Trump argument is that they should do more. The semiconductor industry is another area where I expect him to attack, again no argument against his logic here. If Europe is prepared to be held to ransom by the Chinese then more fool us.

 

[TheLoneRanger]

China's businesses brace for impact of Trump tariffs

Trump has imposed a 10% levy - but his campaign included promises of 60% tariffs against Chinese imports.

www.bbc.com

 

[Professor]

China's businesses brace for impact of Trump tariffs

Trump has imposed a 10% levy - but his campaign included promises of 60% tariffs against Chinese imports.

www.bbc.com

Already 100% tariffs on Chinese cars. Will just dominate rest of world-plenty of MGs already around. American cars have quality issues and dogs to drive. The tariffs are clearly against VAG and BMW. Either way they are going to cause inflation and the US will not be able to produce goods cheaply enough. China is already moving production to cheaper African countries of things like tyres. It seems inevitable.

 

[Jack2jack]

Wouldn't it be better if he got all his manufacturing industry/facilities up and running first before he starts hacking other countries off first. Sure, as he's said they are completely self sufficient, they dont really need anyone else, do they? I can't sort of see where he's coming from, but it's not in the spirit of entant cordial is it, and it going to do zero for international relations, and I would imagine initially the US economy will take a hit, I'm assuming he thinks countries will pay up, not sure it's as simple as that, possibly even dive the world economy into recession. I'm no expert obviously.

 

[westside]

Daily Mail

 

[Cooperman]

Already 100% tariffs on Chinese cars. Will just dominate rest of world-plenty of MGs already around. American cars have quality issues and dogs to drive. The tariffs are clearly against VAG and BMW. Either way they are going to cause inflation and the US will not be able to produce goods cheaply enough. China is already moving production to cheaper African countries of things like tyres. It seems inevitable.

BMW and VW already have a significant presence inside the US. The BMW plant in South Carolina used to produce more for export than it did for the US market. I haven’t seen the figures for some time but this was certainly the case a few years ago. They have already undertaken significant localisation so their import duties are not that much of a burden to them. The vehicles produced in SC are what the average American native wants… SUV’s.

 

[Cooperman]

Wouldn't it be better if he got all his manufacturing industry/facilities up and running first before he starts hacking other countries off first. Sure, as he's said they are completely self sufficient, they dont really need anyone else, do they? I can't sort of see where he's coming from, but it's not in the spirit of entant cordial is it, and it going to do zero for international relations, and I would imagine initially the US economy will take a hit, I'm assuming he thinks countries will pay up, not sure it's as simple as that, possibly even dive the world economy into recession. I'm no expert obviously.

Vehicle inventory is at record levels for some models. At end of Q3 2024 one of the big three had more than 300,000 vehicles built and awaiting sale. This is part of the fat to feed off whilst the stagnant parts of the US auto industry swing back into motion. There are also thousands of powertrain engineers who were staring at a bleak future, but who are now following crash programmes aimed at bringing big V8’s back into production.

 

[Jack2jack]

Vehicle inventory is at record levels for some models. At end of Q3 2024 one of the big three had more than 300,000 vehicles built and awaiting sale. This is part of the fat to feed off whilst the stagnant parts of the US auto industry swing back into motion. There are also thousands of powertrain engineers who were staring at a bleak future, but who are now following crash programmes aimed at bringing big V8’s back into production.

He's clearly not going down the green route, my gut feeling is he will be going for hydrogen tech too. My post was mainly targeted at the wider implications, but I'm guessing and you would know that the motor industry in the US is huge and how much cash it generates for their economy.