Trump Does his Awesome New Tariffs. Winning!!

General Motors

47.80
-3.15
(-6.18%)
After hours: 7:59:59 PM EDT

 

Hey now, that's my lane. Don't be pushing river into it

 

Nope, crash is going to put tons of slightly used luxury cars on the market. Deflation?

 

Why would it drop?

 

Ford -4.66% after hours.
Tesla -1.34% after hours.
Stellantis -4.10% after hours.

 

If you're asking for real, it would drop because a large percentage of GM cars and parts are made abroad and subject to the tariff.

 

https://www.barrons.com/articles/trump-auto-tariff-announcement-today-news-0d9b4de6

here's what I found

It is relatively easy to see how profits would evaporate. More than seven million cars in 2024 were imported to the U.S. What’s more, 50% or more of the parts on many popular models assembled in the U.S. come from Canada and Mexico.

Estimates of cost increases from new tariffs are in the thousands of dollars per new car. Higher costs could turn into higher prices, destroying demand for new cars, or they could eat into profit margins.

 

Need to build plants on the border so you can run the assembly line either way depending on Dear Leaders mood

 

Nah, seems extreme, don't see it. Used luxury cars will still be a good value vs new tariff cars. I'm good. Plus wife likes her new car.

 

A major source of objection to a free economy is precisely that it gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

-Milton Friedman

 

I was, and thanks

 

This is bad. Wal-Mart is losing the battle. Expect 20% high prices for the poor and downtrodden…


“Walmart thought it could use its immense power as America’s biggest retailer to make Chinese suppliers eat the cost of President Donald Trump’s tariffs. But Walmart got a response it’s not accustomed to hearing: No.

Trump has slapped 20% tariffs — or taxes on imported goods — on all products coming from China. That’s put the squeeze on retailers like Walmart, which imports a lot of merchandise from China and sells those goods at the lowest price possible to American consumers. Walmart, in turn, has tried to pressure its Chinese suppliers to lower prices. But the Chinese government is having none of it.

The strong reaction from the Chinese government reveals how American companies are caught in the middle of an escalating trade war between the United States and China. While customers in the United States want low prices, that could be hard for Walmart to achieve if the Chinese government is stepping in, trade experts say. And if a company even as strong as Walmart struggles to hold down prices, it means that much smaller companies are going to be hurting, too.

Walmart can either raise prices, risking a rebuke from US consumers that would impact its own bottom line, or press suppliers — risking the ire of the Chinese government. The Chinese backlash also contradicts US Treasury Secretary Scott Bessent’s prediction this month that Chinese manufacturers will “eat the tariffs” and prices for US consumers “won’t go up,” trade experts say.“

China is turning up pressure on Walmart. That could mean higher prices for US customers | CNN Business

 

building material prices going up. performas being reworked and projects being shelved

this is only going to push housing prices higher

Zonda’s chief economist never thought Trump, the only real estate mogul-turned-president, would place tariffs on building materials when housing is already so unaffordable. She was wrong

Zonda chief economist Ali Wolf felt optimistic about one thing in particular when President Donald Trump was elected: He understood real estate. So when homebuilders asked her about tariffs in January, she told them she couldn’t imagine a real-estate-savvy president would place taxes on building materials when housing is so unaffordable for many Americans, something he promised to fix on the campaign trail. Then, in March, Trump did exactly that, placing tariffs on imported steel and aluminum. Tariffs on imported lumber could come in April.
.................
Tariffs are a tax on imported goods, so builders see an extra cost on products they tend to purchase from other countries. If they shift their supply chains to buy locally, it’ll cost them, too, because goods produced in the U.S. aren’t as cheap. In either scenario, the expectation is builders will pass on the additional costs to buyers. So far, the Trump administration has either threatened, plans to, or placed tariffs on lumber, aluminum, and steel—all used in the construction of homes. More than half of builders in the latest survey said the total cost of building a home is higher than last year. And still, there is a fear that tariff pain might not be totally felt until next year, potentially in a worsening economy, Wolf said.

 

I’m told VW is buying a lot of higher income people out. More to do with competition from China than trump tariffs ,

 

Hardwood workers finding out that trade wars are great policy as they lose their businesses in about a month after the Chinese cut off their markets. Now, they are forced to beg the government for favor (which might be the purpose behind all of this, in the end).

‘Completely and utterly ignored’: Rural US workers crushed by logging export freeze

 

They brought it on themselves. They'll never learn.

“It’s not that we’re against the tariffs,” Riggio added. “It’s not that we want to take beef with Trump’s government. No — we like what he’s doing. But we just need help here.”

 

Wouldn't a crash make people hold on to whatever vehicle they have? (Not to mention the 25% increase in new car prices that are expected from Trump's idiotic tariffs.) I would assume that a lot of people will wait until 2029 to buy a new car, after the tariffs are removed.

 

look at the number of delinquent loans

hertz and avis had 20% days today as their fleet values just shot up so someone thinks different

I just see a lot of unemployment coming right after everyone was buying big from the wealth effect of the market gains