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Posted
20 minutes ago, Blotto said:

Wheeeeeeeeeeee

https://www.bloomberg.com/news/articles/2025-03-26/trump-prepares-auto-tariff-announcement-as-soon-as-wednesday

Thats what american consumers were begging for Donald. A 25% increase on the price of a new car. That will help with the ole inflation numbers.

Well, that should make my used cars more valuable. Can't tariff a car that is already here!

Posted
Glad I bought a car last week, sounds like they're about to get more expensive.

Glad I bought mine at the end of Feb — figured this was coming.
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Posted
2 hours ago, 956 Worldwide said:

This is mostly about protecting Tesla. 

Pretty sure that’s in the 12k increase in domestic EV vehicles, he has to pay for the parts but I’m sure they will figure out a cheat.  Tariffs on foreign cars would have been nice in the late 80’s but not 25% when the cats out of the bag already.  Just a 10% tariff like other countries charge on ours in the late 80’s early 90’s may have stopped our auto makers from getting lazy and putting out total shit cars in the 90’s and early 2000’s remember those.  As someone who rents cars a lot, the basic models of Chevy and Ford are still way shittier than a Toyota, Hyundai, ect.  I cringe when I get a Chevy, everything is cheaper made and it’s obvious.  

Posted
4 minutes ago, elfenix said:

this dipshit's tradewars are going to make nearly everyone poorer.

Well sure, as the president has said, there is going to be some pain felt by everyone. But on the bright side 

Posted
1 minute ago, Red Five said:

Well sure, as the president has said, there is going to be some pain felt by everyone. But on the bright side 

his billionaire supporters can use the opportunity to increase their wealth and power. So don't worry, it will all work out.

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Posted
30 minutes ago, swraith said:

based on the SP500 this morning, the market doesn't seem to care about the new auto tariffs.  I don't understand anything anymore.

It's Calvinball out there.

But maybe if you just keep shocking the market with terrible policies, eventually it will become immune.

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Posted
40 minutes ago, swraith said:

based on the SP500 this morning, the market doesn't seem to care about the new auto tariffs.  I don't understand anything anymore.

it's like when kai ryssdal reports that something beat expectations but shares were down "because capitalism"

Posted
11 hours ago, C-Man said:


Glad I bought mine at the end of Feb — figured this was coming.

Wife picked up her new Canadian-built Lexus SUV last week, we'd been sweating tariffs since she ordered it a few months ago.

A couple days ago she said "After signing that check to buy it, I hope it meets my sky-high expectations." I told her not to worry if she gets buyer's remorse, once the tariffs kick in we should be able to easily sell it and at least break even. 

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Posted

Aren’t a lot of foreign cars already made here like Nissans, VW‘s and Mercedes? Wouldn’t this just encourage more factories to open here for final assembly for cars sold here? I don’t know what the verbiage is on the tariff. 

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Posted
Just now, HiggyBaby said:

Aren’t a lot of foreign cars already made here like Nissans, VW‘s and Mercedes? Wouldn’t this just encourage more factories to open here for final assembly for cars sold here? I don’t know what the verbiage is on the tariff. 

It also applies to imported parts, which are used in most vehicles assembled here.

It's fucking idiocy.

Nevermind that on one hand, we bitch about Mexico not having enough economic legs, and its people should stay there and work there....and on the other hand, we're doing everything we can to utterly cripple and gut their manufacturing economy.  

We are in the dumbest of all timelines, and we are in utter free fall towards the total singularity of stupidity.

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Posted
2 minutes ago, HiggyBaby said:

Aren’t a lot of foreign cars already made here like Nissans, VW‘s and Mercedes? Wouldn’t this just encourage more factories to open here for final assembly for cars sold here? I don’t know what the verbiage is on the tariff. 

Yes many "foreign" brands are assembled here but to increase any American manufacturing is a major and costly decision. Would it be better to build an American manufacturing vertical to lower the customer costs, or is it better to wait out Trump? It's not like anyone is building a manufacturing plant within a short period anyway. If the tariff occurs, your importing arm will have zero choice but to pay it for several years at a minimum.

Also the tariff will most likely encourage the increase of prices for cars that have no/low impact of the tariffs. Say if you're Volkswagen and your car prices are about to go up 25% for the customer. If Ford decided to also raise their car prices 25% or 22%, is that really much of a difference? If I were the foreign companies, offer more creative financing to get customer monthly costs down.  Offer bigger lease incentives. etc.

And as for Tesla being the big beneficiary of this policy that assumes that anyone wants a Tesla. 

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Posted

Additionally, it takes years and billions of dollars to start a new auto manufacturing facility. Toyota broke ground on their San Antonio plant in 2003 and it began operations in 2006.

Due to the tariffs on imported parts, steel and aluminum, a business will need to get comfortable that it will be able to source those items within the US as well to avoid those tariffs.

Given the on and off again nature of this administration and the perception that he uses tariffs as a negotiating ploy, do you think a multi-billion dollar company run by actual smart people are going to make that decision?

 

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Posted

I’ll add that the auto tariffs fuck the buyers on the lower end hardest. The big manufacturers often build their lower priced cars in Mexico because the margins are already thin on those models. If you could miraculously bring that manufacturing back to the US overnight, the prices of those vehicles would have to increase to cover the higher manufacturing costs in the US. I’m a pro-labor guy, but I also understand the role assembly in places like Mexico plays when it comes to lower margin products.

Posted
2 hours ago, swraith said:

based on the SP500 this morning, the market doesn't seem to care about the new auto tariffs.  I don't understand anything anymore.

Because it took a bit of a shit yesterday when the news first broke.

Posted
2 hours ago, swraith said:

based on the SP500 this morning, the market doesn't seem to care about the new auto tariffs.  I don't understand anything anymore.

He's backtracked enough times now, that much of the market simply doesn't believe him.  

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Posted
16 minutes ago, Doc Sam Beckett said:

 

That’s fucking perfect!

China is the one true bad actor related to international trade and TFG is actively pushing our allies into a closer relationship with China.

I said this during his first term - if he really cares about China’s various trade abuses, then he will need to work jointly with our potential partners in NAFTA/EU/Asia to determine a strategy to make China alter its practices. Instead, he attacks, hurts and insults our allies making that impossible.

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Posted
3 minutes ago, hornmpa96 said:

That’s fucking perfect!

China is the one true bad actor related to international trade and TFG is actively pushing our allies into a closer relationship with China.

I said this during his first term - if he really cares about China’s various trade abuses, then he will need to work jointly with our potential partners in NAFTA/EU/Asia to determine a strategy to make China alter its practices. Instead, he attacks, hurts and insults our allies making that impossible.

We had a plan to do that 10 years ago: TPP. Guess who killed it?

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Posted
1 hour ago, TexasHooch said:

He's backtracked enough times now, that much of the market simply doesn't believe him.  

Well, Tesla’s stock is up. Other US automakers stocks are down. Just as Elon and Trump drew it up.

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Posted
5 hours ago, Hook1997 said:

Pretty sure that’s in the 12k increase in domestic EV vehicles, he has to pay for the parts but I’m sure they will figure out a cheat.  Tariffs on foreign cars would have been nice in the late 80’s but not 25% when the cats out of the bag already.  Just a 10% tariff like other countries charge on ours in the late 80’s early 90’s may have stopped our auto makers from getting lazy and putting out total shit cars in the 90’s and early 2000’s remember those.  As someone who rents cars a lot, the basic models of Chevy and Ford are still way shittier than a Toyota, Hyundai, ect.  I cringe when I get a Chevy, everything is cheaper made and it’s obvious.  

BS. Foreign competition made our cars way better in the 80’s and beyond. The big three had to step up their game and that’s why we aren’t driving pieces of shit like the Pinto anymore.

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Posted (edited)
26 minutes ago, NoRagrets said:

BS. Foreign competition made our cars way better in the 80’s and beyond. The big three had to step up their game and that’s why we aren’t driving pieces of shit like the Pinto anymore.

If you want to think that sure but that really didn’t start till around 06 and after.  Their reliability definitely had a decline during the late 90’s and early 2000’s especially the Explorer and Ranger had some really bad years.  Ford had a well know bad period like jokes on late night bad and most mechanics I’ve talked to say as much.  

IMG_8977.jpeg

Edited by Hook1997
Posted
3 hours ago, royiv said:

I’ll add that the auto tariffs fuck the buyers on the lower end hardest. The big manufacturers often build their lower priced cars in Mexico because the margins are already thin on those models. If you could miraculously bring that manufacturing back to the US overnight, the prices of those vehicles would have to increase to cover the higher manufacturing costs in the US. I’m a pro-labor guy, but I also understand the role assembly in places like Mexico plays when it comes to lower margin products.

I don't disagree that the lower end will get hit the hardest, but I don't think anyone gives a fuck about making vehicles for lower income people. They only care about selling to more well to do people. New cars for less wealthy individuals these days are just the used car market. But I agree, those prices will go up now as well. 

Posted (edited)

He's looking for a win, any win.  If these countries capitulate the slightest bit, he will acquiesce and remove/lower tariffs.  All he wants is a headline. 

On one hand he is using leverage to force countries to come to the table on something/anything...his comment 30-45 days ago was something like how many F-150s do you see in Munich.  Im not saying we will start selling into their market, but all options are on the table (UKR, NATO spending etc...).

  On the other hand ( I hate that segment on CNBC) he is threading a needle here, as the consumer, while resilient the last 24 mos, may not be able to handle a reversal of the inflation trend.  The Fed certainly won't cut if inflation spikes up and if tariffs prove inflationary, could be a disastrous year in the market.  Which is why I don't think it will last long, this tariff game he's playing.  He just wants to put it in someone's face that "we're back" or out maneuvered somebody.

For market traders, they will do fine shorting it, playing options....for us long term buy and hold types, say goodbye to a 3rd year of 20%...going to have to ride it out.

Edited by jdhorn92
Posted
10 minutes ago, Superhero said:

Tesla will be hurt the least by this tariff. So 

I think tariffs are the least of Tesla's problems.

Nazi ownership is the biggest issue.  I don't think there are enough MAGA, who can afford a Tesla, to make up for the reduced sales in the rest of the world.

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Posted
5 minutes ago, jdhorn92 said:

He's looking for a win, any win.  If these countries capitulate the slightest bit, he will acquiesce and remove/lower tariffs.  All he wants is a headline. 

 

  On the other hand ( I hate that segment on CNBC) he is threading a needle here, as the consumer, while resilient the last 24 mos, may not be able to handle a reversal of the inflation trend.  The Fed certainly won't cut if inflation spikes up and if tariffs prove inflationary, could be a disastrous year in the market.  Which is why I don't think it will last long, this tariff game he's playing.  He just wants to put it in someone's face that "we're back" or out maneuvered somebody.

All he really wants is something to find the throngs of MAGA followers, anything he can spin or gaslight

And all negative impacts to the economy are blamed 100% on Biden

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Posted (edited)
3 minutes ago, Wally Fairway said:

All he really wants is something to find the throngs of MAGA followers, anything he can spin or gaslight

And all negative impacts to the economy are blamed 100% on Biden

Yep.  Just like all things Trump everything he does can be summed up in one to two sentences capturing maximum idiocy.

Edited by Brisketexan
Posted
3 minutes ago, Doc Sam Beckett said:

 

Well, the uniform response from the base is that we don't need no Canuck or Euro commie fags anyway.  

But apart from aspects of "globalization" that are objectively pretty bad, like offshoring most manufacturing, the fact is that the economy is global and that has been and probably continues to be more to our benefit than anyone else's.

So, yeah, we actually kinda do need those Canuck Euro commie fags to buy our shit.

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Posted

Some fuckin 5d chess by trump. Tells auto makers they better not increase prices as a result of tariffs, the White House will look upon them very unfavorably. So I guess automakers just gonna have to take it directly up the ass sideways and eat the tariffs. 

Posted
Some fuckin 5d chess by trump. Tells auto makers they better not increase prices as a result of tariffs, the White House will look upon them very unfavorably. So I guess automakers just gonna have to take it directly up the ass sideways and eat the tariffs. 

So, the order is “go bankrupt, leaving Tesla as the only car company.” In case you didn’t see what he is actually demanding.
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Posted
5 minutes ago, Brisketexan said:


So, the order is “go bankrupt, leaving Tesla as the only car company.” In case you didn’t see what he is actually demanding.

Trump sold our country to Elon for $288 million dollars.

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Posted

Trump views global economics through some double cheeseburger brain diet of 1880’s trade strategy and whatever minuscule knowledge he retained from freshman economics in college in the 1960’s. 
 

image.thumb.png.b918ff4ebc4da893c655afbb2cb60e1d.png

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Posted

https://archive.is/GwxsT

 

Quote

When President Trump convened CEOs of some of the country’s top automakers for a call earlier this month, he issued a warning: They better not raise car prices because of tariffs.

Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said. 

 

Quote

Instead, Trump said, they should be grateful for his elimination of what he called President Joe Biden’s electric-vehicle mandate, which involved subsidies and emissions requirements to encourage electric-car production. He made a lengthy pitch for how they would actually benefit from tariffs, two people on the call said, adding that he was bringing manufacturing back to the U.S. and was better for their industry than previous presidents. 

The tariffs would be “great,” Trump said, according to one of the people.

 

Quote

On Wednesday, Trump announced a 25% tariff on all imported vehicles and parts starting April 2, a move almost certain to force American carmakers to raise prices on customers.   Most automakers depend on parts and materials from other countries to make cars, including vehicles assembled in the U.S. 

“You’re going to see prices going down, but going to go down specifically because they’re going to buy what we’re doing, incentivizing companies to—and even countries—companies to come into America,” he said at the event. 

 

 

Spoiler

Trump’s relationship with automakers since taking office has been a rocky one, illustrating one of the challenges so far to his economic orthodoxy. The president is trying to curb inflation—voters’ cost-of-living concerns helped fuel his 2024 victory and are now one of his top vulnerabilities, experts say—while imposing tariffs on industries such as auto manufacturing that he says will remake the U.S. trade order. 

Detroit’s automakers and industry suppliers in particular have made clear there is little they can do but raise prices in the face of tariffs. Bringing more factories back to the U. S.—a tenet of Trump’s tariff strategy—can take years for car companies to make happen. 

“Tariffs, at any level, cannot be offset or absorbed,” Ray Scott, chief executive of parts supplier Lear, wrote in an email Tuesday to employees that was viewed by The Wall Street Journal. “A holistic, industrywide approach will be necessary to mitigate the impact.” 

For now, dealers have stockpiled a two- to three-month supply of new cars, meaning the impact of the tariffs might not start to be felt until May. At that point, vehicle prices could rise 11% to 12% to offset the tariffs, Morgan Stanley analysts said Thursday in a note. 

It is unclear what the Trump administration could do if automakers raise their prices. Trump has targeted disfavored law firms with executive orders, and automakers rely on federal regulators for critical approvals.

Inside the Trump administration, inflation has been a concern among Trump’s economic team, even if he rarely addresses it publicly, according to three people familiar with the matter.

“It is difficult to see how imposed tariffs over time would not have some impact on prices,” said Matt Blunt, president of the American Automotive Policy Council, which represents General Motors, Jeep-parent Stellantis and Ford. 

Kush Desai, a Trump spokesman, said “restoring Main Street, re-establishing American manufacturing dominance and putting the American people first are the only interests guiding President Trump’s decisions.”  The existence of the call between Trump and the auto CEOs was earlier reported by the New York Times. 

Concerns about rising prices have been a constant refrain from other executives who have met with Trump as they try to dissuade him from major tariffs. Oil-and-gas executives from the American Petroleum Institute have argued that tariffs could cause the price of gasoline to go up, particularly in the Midwest. Gasoline prices have dropped slightly since Trump took office, according to AAA.

People familiar with Trump’s thinking say he is likely to impose few, if any, tariffs on the energy sector, in large part because of those concerns. 

Food companies also have argued that prices would go up on products Americans love if his tariffs go forward, White House officials say. 

“Trump is obviously very fond of tariffs, but the American public dislikes higher prices as the 2024 election results clearly demonstrated,” said Clark Packard, a tariff expert at the Cato Institute, a libertarian think tank in Washington. 

For several weeks, major car companies to mom-and-pop suppliers across the industry have been working feverishly to prepare for any fallout of Trump’s new tariffs. 

An executive at one of the automakers said they were baffled by the desire to both impose tariffs—but also tell car companies they couldn’t raise prices. 

“The math would tell you, that’s going to cost us multibillions of dollars,” the executive said. “So who pays for that?” 

Automakers have signaled to their retailers the enormous pressure they were under. Stellantis earlier this month said the 25% tariffs on goods from Canada and Mexico favor Asian and European rivals and sent U.S. dealers an email with talking points to share with lawmakers.

“We encourage you to contact your federal and state representatives to share your opinion on a matter that threatens to disrupt our business,” read the email, which was viewed by the Journal. 

 



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