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re: Trump calls out Toyota

Posted on 1/5/17 at 5:30 pm to
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/5/17 at 5:30 pm to
quote:

Are you familiar with details of the Japanese-US auto trade disparity?


Can you post some details or links, I can't find much outside of the Big 3 making claims of Japan being a closed market that the Japanese auto industry refutes, for example...
quote:


2. The Detroit-based auto companies opposed Japan’s participation in the TPP negotiations because they say the Japanese auto market is closed to imports. Is that true?

No. Japan has zero import duties on cars. There are no barriers to the import and sale of foreign-made vehicles in Japan. The Japanese market is highly competitive, but European auto companies that have committed time and resources to selling there have been successful. JAMA has offered on several occasions to be of assistance to the Detroit-based auto companies in connection with difficulties they may have in the Japanese market. So far they have been unresponsive.

3. The Detroit-based companies say that their low market share in Japan proves that the market is closed to imports. Are they wrong?

It is important to understand that about 93% of Japanese passenger car sales are very small cars, with engines under 2000cc (i.e. 2 liters). The Detroit-based companies only offer ten models in this market segment. That is not enough to compete effectively. About 40% of all Japanese sales are “mini-cars,” and the U.S.-based companies don’t build vehicles in this model size. On the other hand, European manufacturers are competing in the small car segment with 105 models, and they have a substantial 20% market share in the narrow but profitable luxury car segment with engines over 3000cc (i.e. 3 liters). In short, U.S. market share in Japan is being determined by the U.S.-based companies themselves, not by Japan. U.S. companies simply haven’t tried to establish a presence in most of the Japanese market—their product mix is focused on “big” cars, and Japanese consumers overwhelmingly want “very small” cars.
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 1/5/17 at 5:31 pm to
quote:

you are one of those 60 percent of Trumpkins that actually believed the unemployment rate went up under Obama.


Yep, bolstered by millions of people flocking to jobs in the part time service industry and accompanying loss in breadwinner jobs coupled with record numbers of people completely dropping out of the job market altogether.


But yeah, let's suck his dick over his cabinets ability to massage jobs numbers via bullshite artistry. Why the frick not amirite? #Democratsforlife #lowexpectations #partisanship4ever #redvsblue
This post was edited on 1/5/17 at 5:32 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 5:31 pm to
quote:

MOVES MARKETS
quote:

You dont say that shite in public, you say it in private.
Demonstrating you've not a clue as to how insider trading actually works
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 1/5/17 at 5:37 pm to
Nothing like big government focusing on the auto industry's desire to save money instead of its own massive mountain of regulations that discourage companies from operating in the US in the first place.

This strongarm tactic is bullshite.
This post was edited on 1/5/17 at 5:38 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 5:38 pm to
quote:

You know what's really bad for the economy? Government meddling!
You're right. Japanese meddling has hurt ours. Trump is for fair trade. Tax ours, we'll tax yours. Regulate ours, we'll regulate yours. Protect yours, we'll protect ours. Engage in free and fair trade, and we will do likewise. If you can out compete the US on a Fair Trade basis, we will shake your hand, congratulate you, and improve from the experience.

Fair trade!
Posted by Cruiserhog
Little Rock
Member since Apr 2008
10460 posts
Posted on 1/5/17 at 5:39 pm to
quote:

Demonstrating you've not a clue as to how insider trading actually works


LOL insider trading is so 90's dude.

Trump shouldnt be tweeting that in public, he should be talking directly to the heads of the companies he is calling out and affecting their stock.

toyota drop a half percent just after his tweet and you dont think high speed computer trading didnt take advantage of it.

you're the one with no clue.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 5:42 pm to
quote:

LOL insider trading is so 90's dude.


Re-demonstrating you've not a clue as to how insider trading actually works
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35510 posts
Posted on 1/5/17 at 5:42 pm to
quote:

Nothing like big government focusing on the auto industry's desire to save money instead of its own massive mountain of regulations that discourage companies from operating in the US in the first place.

This strongarm tactic is bullshite.
Not to mention that the Japanese car manufacturers would be less hurt by a tariff on Mexican goods than US car manufacturers. I am also not sure how these individual threats aren't going to result in a lawsuit when he steps into office.
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 1/5/17 at 5:44 pm to
quote:

Not to mention that the Japanese car manufacturers would be less hurt by a tariff on Mexican goods than US car manufacturers. I am also not sure how these individual threats aren't going to result in a lawsuit when he steps into office.




I would shame the frick out of him if he did that to my company. I would tweet out a dozen regulations enforced by the POTUS every single day until he acknowledged that HIS office is the fricking problem. Not my highly reputable car manufacturing business.
This post was edited on 1/5/17 at 5:50 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 5:47 pm to
quote:

Can you post some details or links,
quote:

Variations in consumer tastes alone can't possibly account for differences of that magnitude, even though Asian consumers tend to buy smaller cars than Americans do, critics of U.S. trade policy say. Nor do differences in U.S. and Asian quality levels, when there are any.

While Korea and Japan no longer directly restrict U.S. imports, they do put up barriers to them, said Chris Vitale, president of a Michigan-based group, FairImage.org, which promotes open trade in the auto industry.

"For all intents and purposes, the Japanese market is closed to everyone," Vitale said. "No one gets a foothold."

Japan and Korea don't sell many cars to each other either, as you might expect from two automotive giants facing each other across the Sea of Japan like wary sumo wrestlers.

Korea sold 502 cars to Japan last year. One was a Kia and 501 were Hyundais, according to the Japanese importer group. Japanese automakers did somewhat better in Korea, selling about 21,000 vehicles there, out of a 1 million-plus market.
.........

The Mustang was a special object of fascination for Japanese consumers, too. "A lot of people saved up money to buy a Mustang GT, and then paid cash for it," the former quality manager for Ford's Dearborn Assembly Plant said.

Whitehouse was on the front lines of Ford's efforts to push its imports through a tough inspection gauntlet in Japan, making 13 trips to that country in the 1990s and early this decade.

The audit process was brutal, he recalls. Inspectors would check off every defect, even if it were well within generally accepted tolerance, Whitehouse said.

"They gun-sighted everything with magnifying glasses and flashlights to see if it had to be repaired," he said. Then Ford teams would correct them, often at great expense. The expense drove up the price of the cars for Japanese consumers.

Strangely enough, Ford of Japan itself hired the inspectors who put U.S.-made cars through the wringer, turning the local subsidiary into Whitehouse's chief antagonist. In addition, Japanese government auditors checked the inspectors' work at regular intervals, Whitehouse said.

The auditors were even tough on vehicles that Ford had given special prepping for the Japanese market, Whitehouse said.

He said he had some of Japan's top U.S. sellers dismantled and inspected in the U.S. and then compared them to Ford models during that period.

"The vehicles we were sending to Japan were superior to the vehicles the U.S was getting back from Japan," he said. "I don't think it was the customers who had problem with our products."

No amount of argument could persuade Ford of Japan's Japanese executives to relax the standards, he said. They evidently considered it their mission to block vehicles with the smallest, most inconsequential defects, he said.

LINK
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 1/5/17 at 5:47 pm to
quote:

You're right. Japanese meddling has hurt ours. Trump is for fair trade. Tax ours, we'll tax yours.


he is talking about taxing our citizens, not toyota. You get that, right? Like, Toyota will pass the cost on to someone else. Like the consumers. Through an increase in price or reduction in quality.

These regulations hurt consumers first and foremost. If he wants to help 'Merica, he should be telling his regulatory agencies to start burning regs.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 5:50 pm to
quote:

he is talking about taxing our citizens, not toyota. You get that, right?
FALSE!

If Japan engages in fair trade, our economy will benefit.
Posted by MrCarton
Paradise Valley, MT
Member since Dec 2009
20231 posts
Posted on 1/5/17 at 5:59 pm to
quote:

FALSE!


Nope, exactly correct. That you don't understand that is not surprising. The consumer pays the tariff in cash or in quality reduction. Trump is talking about taxing his own people because Japan taxes their people. And he is singing out specific companies. Companies who employ A big number of Americans already. That's moronic.

The Japanese people have a right to buy American cars without government interference, unfortunately their shite government prevents that. So Trump is going to go for the classic "two wrongs make a right" by restricting his peoples right to make purchases from Japan through taxation on the imported good.

quote:

If Japan engages in fair trade, our economy will benefit.


"fair trade" is hope and change bullshite. Governments don't do "fair" and nothing regulated by the state can be simultaneously regulated and fair for all parties. You sound like a SJW.

Posted by BigD13
French Settlement La
Member since Sep 2013
2513 posts
Posted on 1/5/17 at 6:02 pm to
quote:

NC_Tigah




Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 6:18 pm to
quote:

Japanese car manufacturers would be less hurt by a tariff on Mexican goods than US car manufacturers.
Good for Japanese car manufacturers and good for America
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124676 posts
Posted on 1/5/17 at 6:23 pm to
quote:

Nope, exactly correct. That you don't understand that is not surprising..
Again WRONG!

The consumer benefits from a good economy!

Protectionism (our or theirs) hurts the US economy.
FAIR TRADE, with competitive domestic taxes and regulation, helps the economy.
This post was edited on 1/5/17 at 6:24 pm
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/5/17 at 6:59 pm to
quote:

"fair trade" is hope and change bullshite. Governments don't do "fair" and nothing regulated by the state can be simultaneously regulated and fair for all parties. You sound like a SJW.


From Tom Peters in 1992...

quote:

6. Regardless of the above, the more we accede to the fair traders' shrill demands, the more we wound ourselves. Our headlong rush to protectionism throughout the 1980s (President Reagan's heartfelt free-trade rhetoric notwithstanding) now costs us about $1,200 per family per year. Moreover, the more policy-makers try to "help," the more they hinder. Restrictions on the import of certain Japanese electronic components, for example, have ended up making America's gem, our computer industry, less competitive and have led computer companies to ship production out of the United States! These sorts of unintended consequences are not "anecdotes"—they are partisan trade policy's norm.


Getting The Japanese Story Straight
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 1/5/17 at 7:06 pm to
quote:

While Korea and Japan no longer directly restrict U.S. imports, they do put up barriers to them, said Chris Vitale, president of a Michigan-based group, FairImage.org, which promotes open trade in the auto industry.


Yea, I read this earlier, really nothing solid there.
Posted by Seldom Seen
Member since Feb 2016
40880 posts
Posted on 1/5/17 at 7:07 pm to
America First!
Posted by Humanelement
Baton Rouge
Member since Sep 2015
1366 posts
Posted on 1/5/17 at 7:08 pm to
What's idiotic about Trump wanting Toyota to build cars and trucks in the US rather than Mexico. I'm being nice so just answer the god damm question and move on.
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