Trump announces 25% tariff on all imported vehicles!

[NQ94]

The tariffs seem to be quietly aimed at the US preparing and becoming more self-sufficient for current and future world events with the cover of protectionism and job generation and security. IMHO there is more to the tariff story then the US government is letting on.

 

[Gaffer]

I will wait and see how the US-imposed tariffs play out. I understand the arguments against them and they are appealing. But, prior to the American Civil War, tariffs were viewed by Northern manufacturers as protecting US industrial development. And in fact our industry did develop in that era.

The erosion of middle class jobs may stem from the decline of US manufacturing. Tariffs may be what reverses it.

Yes, there are no guarantees in life. But I haven't heard better alternatives.

 

[Shopkeep]

I will wait and see how the US-imposed tariffs play out. I understand the arguments against them and they are appealing. But, prior to the American Civil War, tariffs were viewed by Northern manufacturers as protecting US industrial development. And in fact our industry did develop in that era.

The erosion of middle class jobs may stem from the decline of US manufacturing. Tariffs may be what reverses it.

Yes, there are no guarantees in life. But I haven't heard better alternatives.

But do your middle class aspire to be working in sweat shops sewing tighty whities and T-shirts? (ours sure don't). I would have thought its better to get the Bangladeshis to do that stuff because that's what they are good at and have your higher educated and skilled workers make higher value goods and services?

 

[Gaffer]

But do your middle class aspire to be working in sweat shops sewing tighty whities and T-shirts? (ours sure don't). I would have thought its better to get the Bangladeshis to do that stuff because that's what they are good at and have your higher educated and skilled workers make higher value goods and services?

I take your point but unfortunately these intellectual products and services can more easily be stolen so may not be available. If the price of the finished goods are high enough then, combined with greater automation, our middle class may find textiles more financially attractive.

I have had jobs over the years whose chief appeal was the pay, though they were not as satisfying as others.

 

[mcdoogs]

I take your point but unfortunately these intellectual products and services can more easily be stolen so may not be available. If the price of the finished goods are high enough then, combined with greater automation, our middle class may find textiles more financially attractive.

I have had jobs over the years whose chief appeal was the pay, though they were not as satisfying as others.

Lool so you do support American sweatshops then?

 

[LabRat]

Lool so you do support American sweatshops then?

So you support sweatshops elsewhere? Got it.

 

[mcdoogs]

So you support sweatshops elsewhere? Got it.

Typical bad faith posting right here, ad hominem shit that should be reported

Every job should pay a living wage, but my head isnt in the clouds and as such I know that no company can sustain living American wages at scale in textile manufacturing. You’d have to be ludicrously out of touch to believe otherwise. Low wage manufacturing is a poverty trap. America should be educating and training its people to continue to power tech and innovation, not to be semi-literate and working jobs from the past century as ya’ll here are touting as laudable goal.

 

[LabRat]

Typical bad faith posting right here, ad hominem shit that should be reported

Bad faith? So help me understand - he reacted to a comment about Bangladeshi sweat shops and those being jobs not being done by the middle class and best to leave them in Bangladesh. Your response was he wants sweat shops here.

The correct response would have been "how about there be no sweat shops", but no, you just didn't' want them here in the states.

 

[mcdoogs]

Bad faith? So help me understand - he reacted to a comment about Bangladeshi sweat shops and those being jobs not being done by the middle class and best to leave them in Bangladesh. Your response was he wants sweat shops here.

The correct response would have been "how about there be no sweat shops", but no, you just didn't' want them here in the states.

I dont want them anywhere, but the OP was actually saying that ‘tech is easily stolen so maybe if textiles were just more expensive they’d work for middle class jobs in the us’ so I was mocking him, because thats a ludicrous take for numerous reasons

 

[Tazzieman]

The tariffs seem to be quietly aimed at the US preparing and becoming more self-sufficient for current and future world events with the cover of protectionism and job generation and security. IMHO there is more to the tariff story then the US government is letting on.

USA likes wars. Spend money to make money. They got one going right now.
Ulterior motives for sure.

 

[BradS1]

So, wildly optimistic speculation hinging on companies ignoring the economic conditions (that still exist) that prompted offshoring of sweat shop/child labor manufacturing in the first place and spending billions to trillions in collective capital expenditure to ‘on-shore’ manufacturing back to the US? Also you are sure that these theoretical factories are going to include a ton of jobs, and not be as automated as possible, and also not potentially materialize for several years (2028)?

Why is bringing low wage manufacturing back the US a good thing again, in this speculative, hypothetical fantasy?

Btw making absolute bank on $SPY and $TSLA puts last few days and Monday looks like more of the same

I'm not sure of anything and neither is anyone else. To suggest any one theory is correct would be beyond ignorant. I'm just regurgitating the talking points I've read/heard that seem to be coming from these particular companies. Could they be lying/overly optimistic/delusional? Sure! I tend to think they're reasonable (my opinion). Why is it good to bringing back low wage manufacturing to America? A micro example. Usually I'll buy my tractor implements from China, they're impossibly cheap, a little shoddy but they work... Their competitive pricing advantage just got erased. I'll buy domestic (which I have before). You end up getting a better product, excellent customer service... Expand out. These people will realize an influx of new customers, move out of their barn and into a commercial space (which is at crisis vacancies lvls in this country), are now purchasing more raw materials, hiring more employees, paying more into the system and potentially growing their business. I mean, we're not talking quantum physics here. It isn't just about fortune 500 companies, it's also about the small guy in middle America who's barely scraping by. Again, we can go on tearing one another down over and over again but at the end of the day it's impossible to predict how this shakes out.

 

[Shopkeep]

I take your point but unfortunately these intellectual products and services can more easily be stolen so may not be available. If the price of the finished goods are high enough then, combined with greater automation, our middle class may find textiles more financially attractive.

I have had jobs over the years whose chief appeal was the pay, though they were not as satisfying as others.

Not sure Walmart shoppers want to pay Filson Pioneer prices for their basics. The irony here is that if (and that's a big IF) this plan works and hundreds of thousands or millions of low value manufacturing jobs come back to the US you will need a massive wave of immigration to fill those jobs (I am sure the Bangladeshis will be available as they will no longer be in the T Shirt making business). Anyway, as we don't make anything in Australia and are a service economy I am off to my job mowing my neighbours lawn, his job is mowing my lawn, somehow we make it work and keep unemployment at 4.1% which is the same as yours.

 

[NQ94]

USA likes wars. Spend money to make money. They got one going right now.
Ulterior motives for sure.

Trump doesn't seem to be into wars as much as other administrations but more into making money.
Possibly instead of direct aid Lend Lease 2.0 may be the next US government revenue venture.

 

[parb]

Mademoiselle Calder (she lives in Monaco) is playing Trump beautifully.

Ineos vs the world

We speak to Ineos CEO Lynn Calder

www.carmagazine.co.uk

 

[Tazzieman]

Trump doesn't seem to be into wars as much as other admisistrations but more into making money.
Possibly instead of direct aid Lend Lease 2.0 may be the next US government revenue venture.

He'd be all over this , if he didn't have such shit tastes in food.

 

[DaveB]

I'm not sure of anything and neither is anyone else. To suggest any one theory is correct would be beyond ignorant. I'm just regurgitating the talking points I've read/heard that seem to be coming from these particular companies. Could they be lying/overly optimistic/delusional? Sure! I tend to think they're reasonable (my opinion). Why is it good to bringing back low wage manufacturing to America? A micro example. Usually I'll buy my tractor implements from China, they're impossibly cheap, a little shoddy but they work... Their competitive pricing advantage just got erased. I'll buy domestic (which I have before). You end up getting a better product, excellent customer service... Expand out. These people will realize an influx of new customers, move out of their barn and into a commercial space (which is at crisis vacancies lvls in this country), are now purchasing more raw materials, hiring more employees, paying more into the system and potentially growing their business. I mean, we're not talking quantum physics here. It isn't just about fortune 500 companies, it's also about the small guy in middle America who's barely scraping by. Again, we can go on tearing one another down over and over again but at the end of the day it's impossible to predict how this shakes out.

Why does everyone assume that just because something is made outside of America that it is inferior quality to made in America.
Mainly related to the electrical and tool industries
I visited one factory in rural China that was making tools, dies and castings for use in Mercedes, BMW and Rolls Royce vehicle component manufacturing.
The factory and workers were equal to the ones I have seen in Switzerland and Germany.
Just paid 10% of the wage for the same job.

 

[Tazzieman]

Why does everyone assume that just because something is made outside of America that it is inferior quality to made in America.

To assume anything is to make an ass out of u and me.
As my father was prone to say.

 

[NQ94]

Looks like John Deere has found solutions.

 

[DaveB]

Looks like John Deere has found solutions.
View attachment 7892393

I guess they want to maximise their profits

 

[DaveB]

Over the weekend I had an interesting/scary discussion with a person who said he would never buy a vehicle made in Mexico, only one from North America.
He said Canada is Ok and really just part of USA as it is in North America.
I recommended he look at a map and review his school geography lessons.
Or maybe not as he said he never learnt that Mexico was part of North America.
I assume this was not the same for everyone else.