OHMYGOSH....facts that support tariffs! And this doesn’t include the effect that more good-paying US jobs will have on local economies.
Doesn’t anyone in Washington buy groceries? Inflation has been here a long time.
Why does an American have to rely on slave labor in foreign countries in order to buy a car?
The press didn’t have a problem with team Obama doubling the debt but this drives them crazy?
Too many unknown factors and unkown company policy decisions to know how this all plays out. If I had to bet the increase in prices will only be modest across the board.
There's the problem right there.
The cost of a new car has escalated dramatically because most people don't buy cars at all ... they buy a car loan. See the correlation between mortgages and home prices for an exact parallel.
No. But it’s not going to work either.
Wow. All the prople whose opinions I think are junk are against steel tariffs. Must be a good idea.
There is a much bigger concern than inflation. For our national security we need to make our own steel, not depend on a strategic enemy.
Not any more than the Obama Tariffs did 2 years ago.
We have become a nation ruled by mamby pamby cowards.
Why not simply a 100% tariff on anything from China. They need us more that we need them. Why pay for their military and growth?
Well, if people want to pay more for everything they consume, a tariff war is a good way to get that accomplished.
The increase in the price of steel and aluminum isn’t the big problem. Instead it’s the inevitable retaliation that’s bound to occur.
If you want to turn the red states blue, starting a tariff war that ends with other countries putting tariffs on American farm products is an excellent way to do so.
Trump would be better advised to single out specific anti-trade policies of our trading partners and then negotiating better terms. Tariffs are a terrible idea that will inevitably hurt American consumers as well as any producers affected by retaliatory tariffs from abroad.
And as long as non-threatening countries have plenty of steel and aluminum to sell us, the national security argument is weakened also.
If China is the sole supplier of a commodity, or threatens to become the sole supplier, then just put a quota on how much of that product can be imported from anywhere and let domestic producers fill the gap, even if they have to build capacity to do so.
Inflation is caused by more money chasing the same amount of products.
I figured the cost would be something like that...on the order of 1%. If the Democrats and Neocons are REALLY that upset by this cost, then remove the mandate requiring Air Bags. Just SCRAP the damn things...probably save at least $1000 per car (sadly the huge billions of dollars developing them and the people who have been decapitated or had their face re-arranged by airbags...nothing can be done there).
People may not remember, but Air Bags can into existence because people wouldn’t wear seat belts. So the Left said “Ok, we’ll have ‘passive restraints’ so people don’t need seat belts”...then air bags came in and guess what, seat belts are needed - so the laws are now passed, and the vast majority of people do wear seat belts.
So scrap the damn Air Bags.
Toyota added that more than 90 percent of the steel and aluminum purchased for cars built in the United States is sourced from the country.
The cost of a new car will likely go up MORE than the figures given because of the increased prices of steel & aluminum. This gives the manufacturer the convenient EXCUSE for the increased prices.
her assertion would have increased the cost of the 36K vehicle by $2,250 instead of the $340 the author got by using real statistics instead of a general "25%"...and her assertion was designed for folks to think that the increase would have raised the vehicles price by 25% or $9K if they didn't do the 25% of 25% that her statement required.
There has to be big money to be made with trade deficits that the really big money people are not wanting us to know about so they obfuscate and talk about a disaster and will never admit that we win in the end.