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Old 07-03-2018, 12:24 AM  
eDave eDave is offline
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Trump's tariffs will lead to job losses, warns General Motors CEO

GM Chairman and CEO Mary Barra, who briefly served on President Donald Trump’s economic advisory council before it was disbanded last year, is the latest to come out against tariffs that could run as high as 25 percent. Harley-Davidson has already announced plans to move some production abroad, while BMW has said it would likely cut back operations at its Spartanburg, South Carolina plant that is currently the largest exporter of American-made automobiles.

“Increased import tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less — not more — U.S. jobs,” GM said in a statement submitted to the Commerce Department which has been ordered to consider whether auto imports are a threat to national security and, if so, whether tariffs need to be implemented.

https://www.nbcnews.com/business/aut...motors-n888361
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Old 07-03-2018, 08:24 AM   #16
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China's market is down roughly 18% year to date...
America's market is up 2% year to date....

Winning and stuff
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Old 07-03-2018, 08:27 AM   #17
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Old 07-03-2018, 08:35 AM   #18
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China's market is down roughly 18% year to date...
America's market is up 2% year to date....

Winning and stuff
They're actually in a lot of trouble economically and financially which is going to impact their Silk Road program. Though actually, having a socialist economy still despite it's state-capitalist initiatives, is really what will doom it.
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Old 07-03-2018, 09:15 AM   #19
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Originally Posted by BucEyedPea View Post
They're actually in a lot of trouble economically and financially which is going to impact their Silk Road program. Though actually, having a socialist economy still despite it's state-capitalist initiatives, is really what will doom it.
China will eventually eat itself with over-population. It's why human life has little value there.
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Old 07-03-2018, 09:23 AM   #20
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Trump's in a better position to make the call on this. I question it. But I want to see how it plays out. If it has a negative effect I hope that it's quickly resolved. I'd like to see more tariffs across the board at a very small amount. But I'm also not an economist
Don't worry. A lot of others that arent economists either will tell you how this all works.
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Old 07-03-2018, 09:38 AM   #21
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Old 07-03-2018, 10:29 AM   #22
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"I'm tired of corporate fat cats dictating our economic thinking

OH HAI LOOK HERES A CEO SPEAKING LETS LISTEN CLOSELY!"
Shazaam.
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Old 07-03-2018, 10:34 AM   #23
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"I'm tired of corporate fat cats dictating our economic thinking

OH HAI LOOK HERES A CEO SPEAKING LETS LISTEN CLOSELY!"
All of a sudden those 1%ers are credible and care about the little guy (jobs).
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Old 07-03-2018, 11:27 AM   #24
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I just wish somebody at General Motors would remember how to put a manual transmission behind a gasoline engine. Tariffs or not, they won't be selling me a pick up until they do
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Old 07-03-2018, 12:19 PM   #25
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I have a lot of respect for Mary. She has earned her position, but the country and our manufacturing is not just GM. We need to be on a level playing field and if tariffs push businesses to move here to avoid high taxes, then so be it.
So then tell me how the math adds up that in order to save 30k steel jobs while increasing costs for hundreds of thousands of manufacturers dependent on steel. All the while holding our ag production hostage to trade counter attacks.

Auto isn't just impacted by automobile tariffs. They're also impacted if steel prices rise, which they undoubtedly will.
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Old 07-03-2018, 12:21 PM   #26
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I just wish somebody at General Motors would remember how to put a manual transmission behind a gasoline engine. Tariffs or not, they won't be selling me a pick up until they do
It would also be nice if they could make an SUV that doesn't look like a cross between a bug and a baby shoe.
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Old 07-03-2018, 12:26 PM   #27
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a statement submitted to the Commerce Department which has been ordered to consider whether auto imports are a threat to national security and, if so, whether tariffs need to be implemented.
I must have missed something. Since when are auto imports a threat to national security?
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Old 07-03-2018, 12:29 PM   #28
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Toyota put out a press release saying the same thing. Up to 2500 dollars more per vehicle, iirc. That’s on cars made here, which is 90 percent of those they sell here.

Edit-they didn’t say jobs would be lost, just that prices would rise.
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Old 07-03-2018, 02:09 PM   #29
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It would also be nice if they could make an SUV that doesn't look like a cross between a bug and a baby shoe.


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Old 07-03-2018, 05:54 PM   #30
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So then tell me how the math adds up that in order to save 30k steel jobs while increasing costs for hundreds of thousands of manufacturers dependent on steel. All the while holding our ag production hostage to trade counter attacks.

Auto isn't just impacted by automobile tariffs. They're also impacted if steel prices rise, which they undoubtedly will.
Trumps support among his base goes up. What other math is there?
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