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Current Events > lol Trump Tariffs would hurt General Motors

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CobraGT
11/27/24 5:04:53 PM
#1:


Reuters but seriously who needs to be told that manufacturers, farmers, everybody is sourcing materials around the globe.

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Scardude
11/27/24 5:15:42 PM
#2:


Money printer goes brrrr

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CobraGT
11/27/24 6:16:17 PM
#3:


One way of fighting back.

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Lokarin
11/27/24 6:22:54 PM
#4:


There was a saying "What's good for General Motors is good for America", this is practically the slogan of utopia fascism - a system of government operated by trade unions (a trade union being a 'faciste').

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Sayoria
11/27/24 6:33:41 PM
#5:


I love how all these likely-Trump-voters are now just finding out what they voted for. Keep the bullshit-a coming.

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CobraGT
11/27/24 6:41:37 PM
#6:


Until I get a penny per shamed Trump voter, I fail to see the point.

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Pas5wordFAQ
11/27/24 9:10:27 PM
#7:


Mexican Economy Minister Marcelo Ebrard, speaking alongside Sheinbaum, called for more regional cooperation and integration instead of a war of retaliatory import taxes.

"It's a shot in the foot," Ebrard said of Trump's proposed tariffs, which appear to violate the USMCA trade deal between Mexico, Canada and the U.S.
Ebrard warned the tariffs would lead to massive U.S. job losses, lower growth, and hit U.S. companies producing in Mexico by effectively doubling the taxes they paid. "The impact on companies is huge," he said.

The proposed tariffs would hit the automotive sector's top cross-border exporters especially hard, Ebrard added, namely Ford, General Motors, and Stellantis.
Ebrard noted that 88% of pickup trucks sold in the U.S. are made in Mexico and would see a price increase. These vehicles are popular in rural areas that overwhelmingly voted for Trump.

Reuters interview with Mexican President

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Lillymon
11/27/24 9:11:46 PM
#8:


Rust belt auto workers getting exactly what they voted for.

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creativerealms
11/27/24 9:12:25 PM
#9:


It will hurt everyone. Especially the customers as companies will just raise prices so they can keep making record profits. If only there was a way to I don't know cap the price? Now who wanted to do that?

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GrandConjuraton
11/27/24 9:13:02 PM
#10:


Lillymon posted...
Rust belt auto workers getting exactly what they voted for.


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PaintGimmick
11/27/24 9:13:14 PM
#11:


Surely the leopards won't eat my face

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UnsteadyOwl
11/27/24 9:14:29 PM
#12:


Gotta love all these warnings about Trump's tariff plan after the election.

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kiwimyweewee
11/27/24 9:19:57 PM
#13:


UnsteadyOwl posted...
Gotta love all these warnings about Trump's tariff plan after the election.

It's so bullshit.

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Bass
11/27/24 9:33:40 PM
#14:


I still can't believe anyone thought Trump's policies would actually make living more affordable. Guess I shouldn't be so surprised after the first time when morons thought a billionaire conman would be fighting for them and change the government to benefit the common man.

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SaikyoStyle
11/27/24 9:40:02 PM
#15:


PaintGimmick posted...
Surely the leopards won't eat my face
Trump isnt even in office yet and they already need Ozempic.

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jefffan
11/27/24 10:50:56 PM
#16:


People thought trucks were expensive now? Wait until the mid grade 50k Silverado currently becomes 60k in 2026 when the new one debuts.


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KaZooo
11/27/24 10:55:53 PM
#17:


Crazy as GM just entered Formula 1 and had to pay a $450m anti dilution fee

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creativeme
11/27/24 11:04:47 PM
#18:


like ford cares? they'll just further jack up their prices.

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LonelyStoner
11/27/24 11:09:48 PM
#19:


I would say that I would be shitting my pants if I were Trump right now, but he already does that daily.

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LonelyStoner
11/27/24 11:11:19 PM
#20:


creativeme posted...
like ford cares? they'll just further jack up their prices.
Ford doesnt own General Motors. And vice versa.

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EPR-radar
11/27/24 11:12:43 PM
#21:


SaikyoStyle posted...
Trump isnt even in office yet and they already need Ozempic.
Nah. We'll just have leopards everywhere exploding like Mr. Creosote in that gross Monty Python scene.

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Xenogears15
11/27/24 11:14:05 PM
#22:


Lokarin posted...
There was a saying "What's good for General Motors is good for America", this is practically the slogan of utopia fascism - a system of government operated by trade unions (a trade union being a 'faciste').

Syndicism?

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Rika_Furude
11/27/24 11:18:03 PM
#23:


Whats the chances of trump allowing exceptions for tariffs in order to retain public favour or at least favour of his special chosen ones
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action52
11/27/24 11:18:12 PM
#24:


News like this doesn't make me happy. If anything it makes me even madder at the media for NOT talking about this before the election. Instead they spent all their time sane washing Trump's nonsensical ramblings and drawing false equivalences. And now that it's too late they decide to inform the public?

Get fucked.

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Lokarin
11/27/24 11:18:31 PM
#25:


Xenogears15 posted...
Syndicism?

It was a weird; Mussolini was all like "the trade unionist is the cornerstone of the modern economy, combining the best of capitalism and socialism"... and then IMMEDIATELY started banning unions

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HashtagSEP
11/27/24 11:18:59 PM
#26:


Rika_Furude posted...
Whats the chances of trump allowing exceptions for tariffs in order to retain public favour or at least favour of his special chosen ones

I'm not sure how such a thing would even work. It seems virtually non-feasible.

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CobraGT
11/27/24 11:34:50 PM
#27:


How could making exceptions work?

Sell exception licenses to Americans allowing them to import as a middle men.

This will not work for me. It most likely will not work for you either. i believe it will work for those holding licenses.

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kiwimyweewee
11/27/24 11:38:58 PM
#28:


HashtagSEP posted...
I'm not sure how such a thing would even work. It seems virtually non-feasible.

Well there's exclusions for things to a degree. For example you could apply for an exclusion from the sec 301 tariffs and you would use a different sec 301 which excluded the additional duties if your request was approved by a trade representative. Exclusions are mostly gone now for sec 301 at least but could easily be brought back.

But there's other stuff like that and they can always add more exclusionary tariffs.

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HashtagSEP
11/27/24 11:44:49 PM
#29:


kiwimyweewee posted...
Well there's exclusions for things to a degree. For example you could apply for an exclusion from the sec 301 tariffs and you would use a different sec 301 which excluded the additional duties if your request was approved by a trade representative. Exclusions are mostly gone now for sec 301 at least but could easily be brought back.

But there's other stuff like that and they can always add more exclusionary tariffs.

Fair enough. I'm mostly speaking from a point of where we are now, where it's very easy to assume the Trump administration wouldn't even assume to do such a thing, they'll just think they can use the media to spin it as a good thing like always.

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kiwimyweewee
11/28/24 12:00:22 AM
#30:


HashtagSEP posted...
Fair enough. I'm mostly speaking from a point of where we are now, where it's very easy to assume the Trump administration wouldn't even assume to do such a thing, they'll just think they can use the media to spin it as a good thing like always.

Well, the Trump admin are the ones that came up with sec 301 and it's exclusions back in 2018. They aren't that unfamiliar with the concept of exclusions.

The fact that a plenty of large corporations had plenty of large sec 301 exclusions then should be used as an indication that they will likely get them again.

Just to add, Trump nominated the new USTR. Jamieson Greer and that's they guy who heads out the department on who can get exclusions and whatnot.

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wanderingshade
11/28/24 12:02:47 AM
#31:


Michigan when the anti-workers party does shit that hurts workers - :O

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LordFarquad1312
11/28/24 12:07:36 AM
#32:


Pas5wordFAQ posted...
Reuters interview with Mexican President

Pas5wordFAQ posted...
Mexican Economy Minister
?

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Rika_Furude
11/28/24 12:26:55 AM
#33:


HashtagSEP posted...
I'm not sure how such a thing would even work. It seems virtually non-feasible.
I might have a misunderstanding of how tariffs work but couldnt trump just say ok, business XYZ, you are exempt. Or if its the foreign company which pays, the US government could have knowledge of such arrangements and provide exemptions that way
obviously corrupt as fuck but it should be possible?
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