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Message
re: If Tariffs Are Put in Place People Won't Be Able to Afford Cars
Posted on 11/9/24 at 2:47 am to DavidTheGnome
Posted on 11/9/24 at 2:47 am to DavidTheGnome
quote:
And to withstand inevitable trade wars which will gut domestic export markets
We already have goods restricted in foreign markets. That's one of the points of imposing tariffs. Force other countries to open up their markets to US goods. Trump wants to end one-sided trade deals. All of the people against Trump's tariffs ignore the fact that we are already on the losing end of trade wars.
You demand the US play by a set of rules that no one else does, and that is dumb. The US is tired of dumb policies, which is why we elected MAGA, not democrat or GOPe.
0
Posted on 11/9/24 at 2:51 am to PurpleandGold Motown
“Today an F150 Lariat costs about $65k before extras”
A baseline F150 XL starts at $38k.If a Lariat starts at more than the avg salary of an American worker the prudent thing to do is buy a baseline model.Too many people don’t have enough sense to buy what they can more easily afford.
If I was going to buy a Ford(which I wouldn’t) I wouldn’t spend what a Lariat costs and I could easily afford it at this stage of my life.
Too many people look at a vehicle as a status symbol but that ain’t me.I always bought the lower grade models,last Tacoma I bought was used.
A baseline F150 XL starts at $38k.If a Lariat starts at more than the avg salary of an American worker the prudent thing to do is buy a baseline model.Too many people don’t have enough sense to buy what they can more easily afford.
If I was going to buy a Ford(which I wouldn’t) I wouldn’t spend what a Lariat costs and I could easily afford it at this stage of my life.
Too many people look at a vehicle as a status symbol but that ain’t me.I always bought the lower grade models,last Tacoma I bought was used.
Posted on 11/9/24 at 2:55 am to NC_Tigah
steel industry under trump
quote:
Nationally, the steel industry has been shedding jobs for the past year — since before the wider economic downturn caused by the Covid-19 pandemic — and now employs 1,900 fewer workers than it did when Trump took office, according to U.S. Labor Department data.
While the tariffs failed to boost overall steel employment, economists say they created higher costs for major steel consumers, killing jobs at companies including Detroit-based automakers General Motors and Ford.
Nationally, steel and aluminum tariffs resulted in at least 75,000 job losses in metal-using industries by the end of last year, according to an analysis by Lydia Cox, a Ph.D. candidate in economics at Harvard University, and Kadee Russ, an economics professor at the University of California, Davis. In all, they estimated, the trade war had caused a net loss of 175,000 U.S. manufacturing jobs by mid-2019.
Posted on 11/9/24 at 2:58 am to Sevensblue
quote:Thst could happen without a tariff. But consumers won’t pay the premium—unless forced to. We love our small government don’t we?
If you’re a true patriot then you should relish the chance to pay extra for goods made in the beloved USA.
Or you can be a sell out and buy the cheap stuff from out of country…
Posted on 11/9/24 at 3:03 am to DavidTheGnome
Every is a negotiation when you actually have an administration with sensible people and a plan.
Posted on 11/9/24 at 3:07 am to LSUA 75
quote:
A baseline F150 XL starts at $38k.
That's true. That's still over 60% of the median American salary. I chose the Lariat simply because that is the "midrange" of the F 150 line.
Personally, because I lost almost everything in the crash of 2007-08, I don't finance shite. I buy used trucks for cash and drive them until the wheels fall off, and then I buy another. I'd love to have a new truck with all the bells and whistles. But once you've gone through the embarrassment of having your vehicle repoed and having to turn over the keys to your home because everything went to shite and you got laid off and despite your best efforts no one was hiring and everything you saved was gone for nothing, you don't take that chance again.
Today, I own my modest home and vehicle outright. I paid cash for both. Not going through that shite again.
Posted on 11/9/24 at 3:16 am to oklahogjr
quote:That really is a shite article. Sorry, but come on. Obviously, everyone shed jobs during Covid. The frigging economy was shutdown by governors. The article assumes cause and effect thorough simplistic correlation. Job losses, price hikes in Oct 2020 weren't d/t the Covid economy. They were d/t tariffs.
steel industry under trump
Steel is a particularly interesting area because of national security concerns. Look up Chinese steel dumping, its targets and effects.
Regardless, taxes are a reality.
Domestic corporate taxes are a passthrough consumer/economic cost.
Tariffs may or may not be.
So in the end, the question is, do you want to tax US companies while importing foreign goods untaxed.
This post was edited on 11/9/24 at 3:21 am
Posted on 11/9/24 at 3:23 am to PurpleandGold Motown
Nissan went to shite when they sold to Renault around 2000
Posted on 11/9/24 at 3:42 am to NC_Tigah
So walk us through using numbers and data how the trump tarrifs boosted the American steel industry. I'll wait for your numbers.
Posted on 11/9/24 at 3:47 am to PurpleandGold Motown
Trump is dropping the corporate tax rate to 15% on companies that build in the U.S. to offset any tariffs. The corporate tax rate has never been that low before and it will probably cause the price to drop. The left can't do simple mathematics so I'm not surprised they don't understand.
Posted on 11/9/24 at 4:03 am to MikkUGA
The problem with the steel industry is it is going to have to be subsidized to start with. You can not allow steel to collapse or depend on other countries for it. Just like with oil if a large scale war broke out then you need to be able to build you own weapons and fuel them. I you can't do that the you better start learning to speak russian and chinese.
Posted on 11/9/24 at 4:03 am to oklahogjr
quote:To answer that, one would need to know the alternative baseline had we continued to allow China to undercut American industry by state subsidized dumping.
So walk us through using numbers and data how the trump tarrifs boosted the American steel industry. I'll wait for your numbers.
The economics postgrad student, whose work NBC cites, does not grace us with such analysis.
She doesn't mention it.
She doesn't even make clear she has a clue as to the effects of a state subsidized industry dumping in to a private consumer market as a general premise.
What effect would foreign dumping have had on US industry over the same timeframe?
The quoted study provides neither insight nor an answer.
Of course, that assumes there would be any remaining domestic industry at all.
Posted on 11/9/24 at 4:09 am to Broke
quote:
I've never noticed you before but you're an insufferable count. Leave economics to those of us who are actual economists. Go do whatever you do for a living but stay out of this lane for sure
Have seen her post before...yes, she is very liberal.
Think about this, she was on the harris economic plan's train....it is all you need to know about this poster.
Posted on 11/9/24 at 4:21 am to NC_Tigah
quote:
To answer that, one would need to know the alternative baseline had we continued to allow China to undercut American industry by state subsidized dumping.
The economics postgrad student, whose work NBC cites, does not grace us with such analysis.
She doesn't mention it.
She doesn't even make clear she has a clue as to the effects of a state subsidized industry dumping in to a private consumer market as a general premise.
What effect would foreign dumping have had on US industry over the same timeframe?
The quoted study provides neither insight nor an answer.
Of course, that assumes there would be any remaining domestic industry at all.
So you don't know either you're just making it up as you go? Or do you have this analysis? Any positive metrics from steel industry at all since tarrifs?
Posted on 11/9/24 at 4:25 am to MikkUGA
quote:
The problem with the steel industry is it is going to have to be subsidized to start with. You can not allow steel to collapse or depend on other countries for it. Just like with oil if a large scale war broke out then you need to be able to build you own weapons and fuel them. I you can't do that the you better start learning to speak russian and chinese.
I don't like when people use the threat of invasion as a reason to boost domestic production. The US cannot be invaded. It's virtually impossible. In fact, there's a better chance of the US just conquering the whole world than anyone even getting a beachhead in the homeland. Russia? A threat to the US? They couldn't even get 30 miles down a paved road into a border country before they ran out of gas. They are going to move troops across the Bering Sea, through Alaska, through Canada and into the US? That whole scenario is laughable?
And China? Come the frick on. They are the world's largest importer of food and food inputs. WHo is the world's largest exporter? Oh yeah, US. Even if they could manage to move a substantial number of ground troops halfway across the world through seas WE OWN, we would simply starve them.
There is no existential threat to the American homeland. None. However, they can hurt us because we have exported so much of our manufacturing.
Essential goods and materials (medicines, conductors, chips, steel, etc) should be made here. Buy all the tennis shoes, toys, wine and cheese you want elsewhere. But essential things need to be made here.
Posted on 11/9/24 at 4:27 am to Mandtgr47
quote:
Have seen her post before...yes, she is very liberal.
I'm only a liberal on here by nature of my questioning trump.
quote:
Think about this, she was on the harris economic plan's train....it is all you need to know about this poster.
Eh it's more of what we've been doing and kicking can down the road. Which somehow compares favorable to Trump's proposals to lower tax revenue and increase expenses.
Posted on 11/9/24 at 4:39 am to oklahogjr
maybe Brookings article is more helpful?
quote:
President Trump has advocated for greater trade protectionism and imposed a series of tariffs on China, Mexico, Canada, the European Union, and other trading partners. His administration justified these policies on three grounds: that they would benefit American workers, especially in manufacturing; that they would give the United States leverage to renegotiate trade agreements with other countries; and that they were necessary to protect American national security. Judged by these three metrics, how successful were Trump’s tariffs? And what’s at stake in this election for the future of American trade policy?
American firms and consumers paid the vast majority of the cost of Trump’s tariffs.
While tariffs benefited some workers in import-competing industries, they hurt workers in sectors that rely on imported inputs and those in exporting industries facing retaliation from trade partners.
Trump’s tariffs did not help the U.S. negotiate better trade agreements or significantly improve national security.
Posted on 11/9/24 at 5:00 am to oklahogjr
quote:
So walk us through using numbers and data how the trump tarrifs boosted the American steel industry. I'll wait for your numbers.
My brother who has worked at Tuscaloosa Steel since he graduated from Bama in 2000 says you’re a fricking retard.
Have a great weekend.
Posted on 11/9/24 at 5:21 am to oklahogjr
quote:
So you don't know either you're just making it up as you go? Or do you have this analysis? Any positive metrics from steel industry at all since tarrifs?
quote:
Posted on 11/9/24 at 5:34 am to oklahogjr
quote:
American firms and consumers paid the vast majority of the cost of Trump’s tariffs.
How much more did we pay. Can you break it down for us
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