business

Automakers in Asia tremble as Trump threatens Mexico tariffs

27 Comments
By Naomi Tajitsu

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27 Comments
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The current occupant of the White House is a one trick pony ... he has very little understanding of the issues and cares less about the consequences of his mindless actions.

4 ( +10 / -6 )

Trump's not messing around. We want Mexico to do more to stop these illegal immigrants from crossing the border. Even the New York Times admits it's a crisis even if Pelosi and Schumer and Beto and most of the Democrats do not.

-3 ( +8 / -11 )

I would say "bull in achina shop," but at least a bull is sentient.

-1 ( +5 / -6 )

It’s high time the US started thinking long term and this will put the Asian mercantilists on notice that access to the US market is a privilege that must be earned, not an automatic right. Going forward, only the deluded can continue to believe that Asian prosperity is viable without reciprocity.

-3 ( +6 / -9 )

Abe's buddy strikes again!

2 ( +6 / -4 )

not only tried to ruin other countries, but usa as well. spy for russia.

-5 ( +2 / -7 )

He's essentially scuttling the NAFTA agreement after we all waited for him to calm tf down long enough to almost get it signed, and now this.

-4 ( +1 / -5 )

"Margins are so thin in the U.S. market right now that there's no way that any automaker is not going to pass on these tariffs to their customers," said Janet Lewis, an analyst at Macquarie Securities.

The excuse used by the greedy 1% we have heard that so often yet the remuneration of auto manufacturing CEOs keeps increasing.

2 ( +4 / -2 )

At the very least, everyone is giving up on the Mexican border issue, and the attitude to solve it is commendable. The company that owns a factory in Mexico was just a bad luck.

-1 ( +2 / -3 )

that access to the US market is a privilege that must be earned,

for decades Japan has invested $100s billion in the US , built many factories , employing 100s thousands of US citizens manufacturing more than 70% of the vehicles it sells in the US , made in the US. Japanese vehicles are some of the best selling in the US and Americans buy them because they like them. I think Japan has more than earned that privilege. MEanwhile GM, Ford , Crystler have all used $10billions in taxpayer bailouts to avoid bankruptcy, yet still some still want to bash Japan

3 ( +5 / -2 )

.

this will backfire on the uS economy

.

-1 ( +4 / -5 )

“yet still some still want to bash Japan”

Come down off your high horse. This is not about “bashing Japan” but about signaling the free ride’s over at last and thenceforth it’s America first; just like for Japan’s leaders it’s always Japan first.

-1 ( +3 / -4 )

This is what happens when nations continue to appease a bully, this is what happens when nations put their eggs in one basket. All nations need to put higher tariffs on the US and trade within themselves. Marginalize the US until it comes to its senses and accepts that it is part of the globe, not its master. For too long the globe has turned a blind eye to US aggression, be it economic, military or political, and now the globe is paying the price. Isolate the US and make the world a safer and more stable place.

1 ( +4 / -3 )

“For too long Asia has turned a blind eye to US and other Western countries trade grievances, and now they’re paying the price. Isolate trade scofflaws and make the world a safer and more stable place”

There, I fixed it for you.

3 ( +4 / -1 )

"It’s high time the US started thinking long term and this will put the Asian mercantilists on notice that access to the US market is a privilege that must be earned, not an automatic right. Going forward, only the deluded can continue to believe that Asian prosperity is viable without reciprocity."

100%. I remember watching TV after Trump got elected and all these oyaji business leaders were grumbling about what to do now...they could see their little scam was up of free access to US markets and labor with little tax obligation and doofus US leadership, boy were they mad. The tide has turned, and I thought I would never see the day coming.

1 ( +4 / -3 )

Laughing at all the losers hating on a billionaire businessman doing what it takes to boost their economy. Or would they prefer Chinese goods?

1 ( +4 / -3 )

“...for decades Japan has invested $100s billion in the US , built many factories , employing 100s thousands of US citizens manufacturing more than 70% of the vehicles it sells in the US , made in the US. Japanese vehicles are some of the best selling in the US and Americans buy them because they like them. I think Japan has more than earned that privilege.”

US market access and the windfall financial benefits this has delivered ought to have been met, but hasn’t, by reciprocal access to Asian economies. Instead, here in Japan as well as elsewhere in Asia, the Black Ships are good sentiment you express would be roundly condemned as near treasonous. You obviously haven’t got Trump ‘s memo that Asia’s one trick pony propensity for holding two contradictory positions simultaneously no longer cuts it.

0 ( +1 / -1 )

Come down off your high horse. 

never up there, Japanese firms have invested $100s billion in the US economy employing 100s thousands of Americans, other than US military and weapons just how much have AMerican firms invested in Japan and how many Japanese do they employ! Seems like its America who wants to take all and give very little in return the figures speak for themselves.

1 ( +2 / -1 )

I've always said if the West takes back its manufacturing and slapped tariffs on all imported goods, half of Asia would unemployed. Don't believe me then check where the vast majority of Asian manufactured goods end up - in Western Countries, Asian prosperity has only taken place because this.

0 ( +2 / -2 )

A manufacturer building in Mexico for USA or any similar cross production is a means to make more money.

The center of gravity of business in North America is in the USA, not Mexico where cheap labor is slave exploited.

Shops can be build everywhere.

Far less true for fruits and vegetables though.

It is also better for the environment to limit movement of goods which produces pollution by consuming cheap energy uselessly.

0 ( +0 / -0 )

Thought Mexico and the USA just signed a trade agrement, this throws it in the trash! Why even talk with the trump administration as it is a waste of time and resources!

1 ( +3 / -2 )

YuriOtani: There is no such thing as an agreement with a bully and dictator. How much was the agreement worth between the US and NK? How much have the trade  agreements between the US and its trading partners been worth?

-1 ( +2 / -3 )

“Japanese firms have invested $100s billion in the US economy employing 100s thousands of Americans, other than US military and weapons just how much have AMerican firms invested in Japan and how many Japanese do they employ! Seems like its America who wants to take all and give very little in return the figures speak for themselves.”

And the return on their investment runs into the trillions, underpinning Japanese prosperity. Prime Minister Abe, with his feting of best buddy Trump, knows which side his bread is buttered, even if you don’t. Curious logic on your part to accuse America of ingratitude and yet begrudge it for wanting to emulate Japan's foreign market penetration is everything mindset.

-1 ( +1 / -2 )

It's hard to see how this will reduce the flow of illegal immigrants. Will it not have the opposite effect if job opportunities south of the US border are reduced?

2 ( +4 / -2 )

I've always said if the West takes back its manufacturing and slapped tariffs on all imported goods, half of Asia would unemployed. Don't believe me then check where the vast majority of Asian manufactured goods end up - in Western Countries, Asian prosperity has only taken place because this.

you are stating just half the story. asians of all shapes and colors were quite contented rotting away with their poor primitive lives, minding their own business in their part of the world, until the west ( europeans and derivatives ) came knocking with gunboats and armies and black ships for what purpose ? to exploit and loot asian resources for their own factories, to get new asian markets to trade for their finished products. western prosperity and riches were a lot derived from all these worldwide looting of resources, especially from the asian colonies from the 16th to early 20th century.

2 ( +3 / -1 )

“asians of all shapes and colors were quite contented rotting away with their poor primitive lives, minding their own business in their part of the world, until the west ( europeans and derivatives ) came knocking with gunboats and armies and black ships for what purpose ? to exploit and loot asian resources for their own factories, to get new asian markets to trade for their finished products. western prosperity and riches were a lot derived from all these worldwide looting of resources, especially from the asian colonies from the 16th to early 20th century.”

Some might be taken in by such Nippon Kaigiesque railing against Western imperialism and your careful exempting of Japan from any blame with your term “Europeans and derivatives” . Let the record show however that Japan’s ruthless exploitation of the resources of the Asian mainland going back all the way to Hideyoshi and beyond proved they were no slouches in that department.

1 ( +1 / -0 )

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