Trump's auto tariffs spark global outcry as price hikes loom

I talked with one of my colleagues today who told me that her husband bought a Suburu over the weekend to avoid any potential tariff price hike. The car salesmen told them that the price would go up at least 20%. Car sales for the month of March are going to be sky high.

Subaru has a factory in Indiana so the salesperson could have been lying, as they do.

More Trump incompetence.

Everything that goes into the final assembly of a vehicle are supplied from all over the world. The US will never be able to compete in making hoses, belts, filters and the thousands of little plastic parts that make engines run.

Aim for having final assembly plants in the US, but let the parts come from any "friendly" country.

Of course, if US-made vehicles have a tariff to be sold in another country, a "like" tariff is necessary until the trade becomes nearly balanced. There are countries in South America with 100% tariffs on certain items that they don't make but are necessary. Basically, it is a tax on the people in those countries and makes owning those items challenging for most of the people living there.

Germany has a 10% import tariff on US-made vehicles (looked it up), so the US should have the same import tariff on German made vehicles. That seems obvious.

Canada has over 6% tariffs on vehicles made elsewhere ... except where they have a Free Trade agreement. Don't know if Trump ended the NAFTA already or not.

Global outcry? Been to a Repub town hall lately?

Just wait until these needless tariffs really kick in - then you'll see some "outcry"...and Repubs running for their lives...

MAGA circUS..

MAGA circUS..

https://ruizhealytimes.com/wp-content/uploads/2017/02/trump-berrinche.jpg

Trump throwing world security and trade into chaos. Typically of him.

Yup

He (Trump )has promised a "Liberation Day" on April 2, when he is set to unveil reciprocal levies, tailored to different trading partners, to address practices deemed unfair.

Listen, loud and clear, the sound of Trump banging, nail after nail into the coffin of globalisation..

If EU member states want to sell vehicles for the America market, avoid tariffs of 25%, then manufacture, build assemble in US for Americans to build and purchase.

Message understood?

The so called ludicrously long supply chains could be soon a thing of the past.

Partly due to the "Government of China" pandemic, and subsequent cost of living crisis.

Sorry good riddance to liberal lobbying globalist race to the bottom.

Message understood?

I'm all for innovative ways to support industry, but tariffs are anti-business. I don't think you will see the results you expect. High prices of course, but this tear-it-all-down, unstable, and erratic behaviour does not inspire confidence. I would think companies will be hesitant to invest a billion to set up a plant given the situation, especially when economies start to falter.