Trump announces 25% tariff on all imported vehicles!

[LeeroyJ]

Not an AI fan myself but you did pose a good question.

My guess is the they have a bevy of accounts and economist to help determine whether a manufacturing move to the USA would be beneficial to them. One has to also consider Economic Incentives at the Federal, State, and Local levels as well and those incentives can be huge sometimes. The elimination of Local Property Taxes can run into millions pretty quickly. You also have Local Development Districts along with the Small Business Administration SBA that just love to give money away as well but, usually not at the level of the Feds or State.

That's the thing, you won't find any serious economist who are in favor of tariffs -- From the days of Reagan until Trump, no one in the Republican party was either. It used to be all about letting the free market prevail.

 

[LabRat]

That's the thing, you won't find any serious economist who are in favor of tariffs -- From the days of Reagan until Trump, no one in the Republican party was either. It used to be all about letting the free market prevail.

No you won't - either eliminate them all or make them reciprocal - easy peasy

 

[LC0013]

If you lock it or delete responses then delete my profile. This is an extremely important issue and we must be able to have a view on the subject.

If the tariffs are sustained in the UK, this will push the country into recession and I for one will push back against that.

Life is not a bed of roses and we have to take the rough with the smooth.

Well, I hope he does not delete your profile or responses however, I do believe we should just concentrate on Tariff's benefits and disadvantages and not those institutions or individuals that impose them. Hell, who likes government and politicians anyway!

From what I can garner Tariffs have been around a long time and most countries, if not all, levy them so it is probably highly unlikely that we will see them all dissipate. The reasons for them or against them have been debated going on for well over 100 years with no end in sight. I favor Tariffs levied on those countries that manipulate labor, materials, tax rates or any other factor that could wind up in the computation of resale value of the item produced and which, in effect, eliminate fair trade. I am opposed, generally, to levying of Tariffs on Countries that have are Capitalistic in nature and that have free elections. An exception would be if those Countries levy Tariffs against ours then tit for tat I suppose.

Nearest I can tell the first Tariff was levied by England:

The Sugar Act 1764 or Sugar Act 1763 (4 Geo. 3. c. 15), also known as the American Revenue Act 1764 or the American Duties Act, was a revenue-raising act passed by the Parliament of Great Britain on 5 April 1764.<a href="https://en.wikipedia.org/wiki/Sugar_Act#cite_note-ushistory.org-1"><span>[</span>1<span>]</span></a> The preamble to the act stated: "it is expedient that new provisions and regulations should be established for improving the revenue of this Kingdom ... and ... it is just and necessary that a revenue should be raised ... for defraying the expenses of defending, protecting, and securing the same."

In the USA we have that stupid chicken tax. I understand it but, believe it to be outdated and in need of modification or elimination. I did write my Senator about this specificaly. Has anybody else written their Congressman or Senator?

 

[LC0013]

That's the thing, you won't find any serious economist who are in favor of tariffs -- From the days of Reagan until Trump, no one in the Republican party was either. It used to be all about letting the free market prevail.

Reminds me of the saying: If all the economists were laid end to end, they'd never reach a conclusion.

 

[LC0013]

That's the thing, you won't find any serious economist who are in favor of tariffs -- From the days of Reagan until Trump, no one in the Republican party was either. It used to be all about letting the free market prevail.

I believe that is the problem - what is a "free market"? If Country A sets labor rates and purchases all of the necessary products for production of Widget A would that be considered a free market? Frankly, with all the regulation required in the USA would it be considered a free market system? Way too much Government intervention from all I believe.

 

[ryket]

You can't just compare tariffs like for like. All countries subsidize their domestic car industry, and the cost of producing vehicles is different depending on each country's economy. Even if you remove all tariffs, the playing field isn't even.

Anyway, the real economic threat for all of us is low-wage industrialized countries like China. All this trans-Atlantic bickering is dumb and y'all are being baited by the media.

 

[Tazzieman]

Anyway, the real economic threat for all of us is low-wage industrialized countries like China. All this trans-Atlantic bickering is dumb and y'all are being baited by the media.

AI and dark factories are the threat. It's unstoppable.
Dark Fark

 

[Logsplitter]

@Trialmaster Fair enough I get what you’re saying but let’s all debate without it getting personal. Agree to disagree and be respectful in responses.
This isn’t aimed at you.

 

[LC0013]

Scary stuff there as Humans need some

AI and dark factories are the threat. It's unstoppable.
Dark Fark

Scary stuff there as Humans need something to do and if it is not productive it will be destructive.

 

[255/85]

I can imagine the tariffs will put a stake through JLR's heart too.

The new LC250 and the 4Runner are both made overseas so that levels the field a bit for Ineos.

What we are witnessing, is the cycle of empires, following the break up of the British Empire, the USA is experiencing their world influence diminishing and now panicking as China becomes the next.

China has already won imho. They simply have more people. That means more geniuses and more psychopaths thus more psychopathic geniuses. That's not good

As said, we shouldn't do is turn on ourselves, I would have hoped Trump has run all the eventualities of his disastrous 25% tariffs.

I personally doubt the tariffs are the thing. What they appear to represent is. Image is all important to this administration's objectives...whatever they may truly be.

I hope to say this in the most non-partisan way possible: There are excellent reasons no place else in the world has adopted our electoral college or medical coverage/insurance systems.

The "one man/one vote" method of determining a country's direction requires a highly educated electorate. Unfortunately our US educational system has been decimated since the 1980s starting with the efforts of the Reagan administration continuing through the (2nd) Bush and now the Trump admins. Without deep and profoundly considered intent democracy devolves into Tyranny of the Majority. The final step is Mob Rule. I'll leave it to everyone here to decide where we are on that scale.

I believe that is the problem - what is a "free market"? If Country A sets labor rates and purchases all of the necessary products for production of Widget A would that be considered a free market? Frankly, with all the regulation required in the USA would it be considered a free market system? Way too much Government intervention from all I believe.

No one actually wants a free market. Not even the free marketeers. It's impossible to have any stability or long term consistency. What they want is protectionism aimed at keeping hold of a perceived advantage. When people scream about regulations I've always seen it as an indication of their unwillingness (or inability) to adapt, evolve, and invent. I can see why they do it as there's no reason to reinvest in a business as a tax write-off any more. There's no reason to improve a product to any great degree outside of specific cases that coincide with temporal cultural demands. Corporate tax cuts made quarterly profit far more lucrative in the short run.

Archaic! Having a King is Archaic (as well as pretty damned stupid).

But having a Queen was so nice for some here.

 

[Tazzieman]

But having a Queen was so nice for some here.

She was a good egg, and a stable one, despite the corgi fetish.
QE2

 

[holdmybeer]

Archaic! Having a King is Archaic (as well as pretty damned stupid).

Better tell your president. He tweeted “long live the king” with an image of himself wearing a crown. You know he’d really love to be an unchecked dictator. He pays complements to dictators of enemy nations and deals insults to democratically elected allies.

 

[ADVAW8S]

Anyway, the real economic threat for all of us is low-wage industrialized countries like China.
[/QUOTE]
Remember the good ole days when the world was saying this about Japan in 80s.

 

[Tazzieman]

Better tell your president. He tweeted “long live the king” with an image of himself wearing a crown. You know he’d really love to be an unchecked dictator. He pays complements to dictators of enemy nations and deals insults to democratically elected allies.

 

[DaveB]

He also does not give a shit about Australia or your opinion.

It's a bird, even though it is unique to Australia, it doesn't know that.
It doesn't even know it is in Australia.
It doesn't know we call it a King Parrot or even that it is a bird.

 

[Shopkeep]

Anyway, the real economic threat for all of us is low-wage industrialized countries like China.

Remember the good ole days when the world was saying this about Japan in 80s.
[/QUOTE]
Germany in the 50s & 60s, Japan in the 70s & 80s, Korea in the 90s & 00s, China in the 10s & 20s, USA in the 30s & 40s?????

 

[Max]

Sir Jim has been planning for what? Interesting to watch and please don't believe everything you think.



EXTRACT from IA announcement on tarrifs
We will give whatever support we can to our political leaders to keep the playing field even for small, competitive brands such as Grenadier. But we must see action from EU politicians: only they are in a position to address the issue. Fortunately, we have been planning for tariffs but there is only so much we can do to protect US customers from price rises.”

Ineos
https://www.ineos.com › news › ineos-group › ineos-m...




21 Feb 2023 — The deal marks INEOS Energy's entry as operator into the US onshore oil and gas market, as it acquires 2,300 wells, producing net 36,000 BOED.

Ineos
https://www.ineos.com › ineos-energy › oil-and-gas › u...




INEOS Energy US Onshore. The key focus for the US onshore business is to safely and efficiently acquire, explore, and develop properties to produce natural ..

 

[S52]

 

[LC0013]

Better tell your president. He tweeted “long live the king” with an image of himself wearing a crown. You know he’d really love to be an unchecked dictator. He pays complements to dictators of enemy nations and deals insults to democratically elected allies.

TDS Indeed. Long live Canadian....Maple Syrup.

 

[holdmybeer]

TDS Indeed. Long live Canadian....Maple Syrup.

I appreciate the Maple Syrup reference. But who/what is TDS?

EDIT: Wait, I found it. Ha. You kids and your acronyms. Cute.