For many, many decades, the car industry has been highly integrated between Canada and the US, and also Mexico. Components are manufactured in all 3 countries. it is not unusual for a component to cross borders a dozen time before finally being put in a car.
Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
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georgephillip
Diamond Member
Tariffs will add to the economic pain felt by 90% of Americans, but the financial deregulators filling the Trump administration have the potential to generate a financial crash "...that will likely be much worse than 2008":“Donald Trump said he'd put in place 25% tariffs on Mexican and Canadian imports upon taking office.
This would push up prices for US-assembled cars by an average of $2,100, according to Wells Fargo.
Mexico's president said her country would retaliate in kind to tariffs, impacting joint ventures.”
Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
US car prices would rise by over $2,000 if President-elect Donald Trump pushed ahead with tariffs on Canada and Mexico, Wells Fargo said in a note.www.businessinsider.com
And you voted for Trump because of the price of eggs.
Wall Street Watchdog Warns “Clock Is Ticking on a Coming Catastrophic Financial Crash”
"The indefatigable Dennis Kelleher, Co-Founder and CEO of the Wall Street watchdog, Better Markets, has just released his organization’s monthly newsletter for January 2025 and it’s a humdinger..."
"He cites evidence from past financial crashes, writing:
"'…there is always a lag after deregulation and the creation of artificial liquidity. That was true for ‘roaring ‘20s’ followed by the crash and Great Depression; the ‘great moderation’ of the early 2000s followed by the crash and Great Recession; the deregulation of the first Trump administration in 2017-2020 that led to the 2023 banking crisis when 3 of the 4 largest bank failures in US history happened. Much worse is likely to happen next time.'"
The first quarter of the 21st century has included 9/11/2001, the Great Recession in 2008, and Covid-19: Trump's unique blend of ignorance and arrogance could manage to combine aspects of those three calamities into one gigantic fail that may end the American Republic.
Nope. They will make your socialist goals a lot harder to realize.
No cloward-piven for you!
georgephillip
Diamond Member
Goals like paid family leave and Medicare for all?
Americans Widely Support Paid Family and Medical Leave, but Differ Over Specific Policies.
"The vast majority of Americans (85%) say that, if the government were to provide paid family and medical leave, the benefit should be available to all workers, regardless of their income, rather than being more narrowly targeted to those with low incomes."
Nope. Tariffs have nothing to do with those you silly person. Tariffs bring manufacturing back here.
That raises the wealth of EVERYONE who actually works.
Lazy twats don't do so good, but why should they? If they don't do anything to improve the country why should they get anything?
georgephillip
Diamond Member
Socialist goals, which you brought up, have everything to do with paid family leave and Medicare for All. In the 21st Century, tariffs function like another tax that primarily impoverishes productive Americans as opposed to parasitic fascists in the FIRE sector.
America’s Path To A FIRE Economy
No, they don't. They have everything to do with making everyone poor except for the leadership. That and control.Socialist goals, which you brought up, have everything to do with paid family leave and Medicare for All. In the 21st Century, tariffs function like another tax that primarily impoverishes productive Americans as opposed to parasitic fascists in the FIRE sector.
America’s Path To A FIRE Economy
georgephillip
Diamond Member
What do you mean by "they, tariffs or socialist goals?"
Governments across the US political spectrum have had one major economic goal over the past 55 years, and it hasn't made everyone poor:
"Relative income growth, organized by percentile classes, normalized to 1970 levels.
"Graph accounts for both income growth, and the hidden decline in the progressivity of the tax code at the top, the wealthiest earners having seen their effective tax rates steadily fall."
Income inequality in the United States - Wikipedia
frigidweirdo
Diamond Member
- Mar 7, 2014
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Thing is, a lot of people will suffer. A lot of people are on the edge. They might not even have enough for what they've got now. Then anything that includes raw materials from outside of the US will see products go up in price, anything that has parts made abroad will see the price go up.
And then he'll kick out people do low wage jobs, so either people just won't do those jobs, or the wage will go up. Meaning inflation will sky rocket.
Do you want American wages to go up or not?“Donald Trump said he'd put in place 25% tariffs on Mexican and Canadian imports upon taking office.
This would push up prices for US-assembled cars by an average of $2,100, according to Wells Fargo.
Mexico's president said her country would retaliate in kind to tariffs, impacting joint ventures.”
Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
US car prices would rise by over $2,000 if President-elect Donald Trump pushed ahead with tariffs on Canada and Mexico, Wells Fargo said in a note.
And you voted for Trump because of the price of eggs.
SweetTea
Diamond Member
- May 10, 2015
- 16,468
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Not just cars. Lots of goods will cost more. Because at the end of the day, corporations will not swallow the higher import/export and distro costs....and they'll pass them on to...well us.
LOL…but they wouldn’t have passed along the corporate tax hikes that Harris and Biden were proposing? Yeah, ok.
SweetTea
Diamond Member
- May 10, 2015
- 16,468
- 14,766
- 2,290
How much have car prices increased since Biden took office?
LibertyKid
Platinum Member
- May 26, 2021
- 2,239
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Anyone find it interesting that we are bitching about the price of cars going up when they have skyrocketed over the last 4 years, yet ain't no one bitchin' about the previous price hikes.
/——/ Consider a landscaper, house painter, or a handyman wants to do work on your home. One quotes $20 an hour the other $45 an hour. With all else being equal, which do you hire?
False comparison. No handyman is going to work for $20. want americans to do the same jobs as overseas workers be willing to pay alot more. So what? At least an american is doing the work. Wages will not be coming down, nor should they. Only up up up as we need them to.
My house painter makes $80 per hour not including supplies. Good on him. He helps drive up other painters wages.
- Jul 27, 2021
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The one who impresses me as competent and experienced and ethical, and then the one who gives me the better price.
.
/----/ Which part of "With all else being equal," confuses you?
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