The Trump tariffs

Samseau said:
Actually my last 2006 Ford Escape Hybrid went 350K Mi before dying. My current 2007 Ford Escape Hybrid is at 230K and going strong.

American cars used to be the finest in the world, before they were forced to compete with slave wages.
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Yeah my Chevy suburban is almost at 370k. I want to buy the same truck - year, model - but with 5k on it. And no, I don't want a new suburban. Too high teck. Too expensive.

Automakers need to take a good look at Toyota and start following, otherwise Toyota will punish American companies (again). This over regulation and inane push for everything electric is going to hurt US auto at a time when US auto could enter its golden era.
 
Samseau said:
Actually my last 2006 Ford Escape Hybrid went 350K Mi before dying. My current 2007 Ford Escape Hybrid is at 230K and going strong.

American cars used to be the finest in the world, before they were forced to compete with slave wages.
Click to expand...

That generation escape was actually well known for being a good reliable car, new ones not so much.....but that's true for every new car.
 
Laner said:
Yeah my Chevy suburban is almost at 370k. I want to buy the same truck - year, model - but with 5k on it. And no, I don't want a new suburban. Too high teck. Too expensive.

Automakers need to take a good look at Toyota and start following, otherwise Toyota will punish American companies (again). This over regulation and inane push for everything electric is going to hurt US auto at a time when US auto could enter its golden era.
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What year? The GMT platform were really good trucks a couple generations ago.....rust gets them though but that depends on your climate.

Toyota is the benchmark always has been but the new models with their turbo engines because of emission restrictions and mileage, I highly doubt they're going to last like the generations before did. I specifically chose to buy the last of the V8 GX460s even though the new one was out, they can keep that twin turbo ticking time bomb gadget infested V6.
 

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Vietnamese stock market was the most beaten by the tariffs today. Nike and other brands will probably pull out from Vietnam. Massive layoffs incoming probably.

NIKE lost 15%. Brutal. they have 500k workers in Vietnam.

www.vietnam-briefing.com

Where Nike’s Factories are Located in Vietnam

Nike has been manufacturing apparel and footwear in Vietnam for over 10 years. We note Nike's factories and suppliers in the country.
www.vietnam-briefing.com www.vietnam-briefing.com

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Trump is dismantling the old order. This people will turn to China.
 
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Brewer said:


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Tariffs are good. And they should be 100%. Except when you are dealing with allies. You should have a different posture. The US exports a lot of services. At least to EU.

I used to order shit from american Amazon. They had no tarrifs I think before corona. The price was the same. But now not anymore.

Wonder how Trump calculated those figures. It´s probably a construction contractor calculus. Spit on paper. And let´s put a number there.

There´s also the old saying if goods don´t pass borders. Soldiers will.

Yeah as expected:

In fact, there's a simple formula to Trump's giant cardboard table.

The first column — the tariff rate imposed by the US' partners — seems to have been calculated by taking Washington's trade deficit with that partner and dividing it by its exports to the US.

The second column — the Trump administration's so-called reciprocal rate — is around half of that rate.

This is not reciprocal tariffs. They are not based on the actual tariffs imposed by other countries. EU charges 3%. To understand Trump you need to deal with construction and real estate world.

Now he needs to follow through and eliminate the income tax. Cause if not americans will pay two taxes. Income and tariff tax.

I don´t buy much american. Except tech. And some surf clothes for kids.
 
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There was a tariff law which related to the great depression.

www.investopedia.com

What Is the Smoot-Hawley Tariff Act? History, Effect, and Reaction

The Smoot-Hawley Tariff Act raised U.S. import taxes to protect American businesses from foreign competition. Global trade plummeted as a result.
www.investopedia.com www.investopedia.com

It´s China the problem. Cause chinese are not like vietnamese or other asian nations. They are smart and can copy and improve west creations.
 
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I've been critical as anyone else here of Trump. But I am excited about this. Something has to be done, we can't print money forever to bail out wall street and the irresponsible dregs at the bottom. The stock market coming down is great, it could offer some good buying opportunities. The panic of the "experts" is exciting. I love watching them panic over this, because if they will be proven wrong, they will be finished. And seeing libtards defend Wall Street billionaires is the icing on the cake.
 
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