Posted on 04/05/2025 3:42:20 AM PDT by RandFan
If you think eggs are expensive, just wait until the new tariffs hit cars. Goldman Sachs estimates tariffs on imported vehicles could raise prices by $5,000 to $15,000. That’s because tariffs are taxes on foreign imports that are paid by American consumers. These tariffs apply to almost every conceivable product. As a result, energy will be more expensive, and gas prices in some parts of the country could see as much as a 70-cent increase in the cost per gallon. According to the National Association of Home Builders, the building of a single-family home could become up to $10,000 more expensive because of the tariffs. With the tariffs on aluminum, even beer and hard seltzer are likely to increase in price.
Unfortunately, these tax increases are on top of the taxes you have already paid when tariffs were imposed during the first Trump administration. The Tax Foundation calculated that tariffs between 2018 and 2023 imposed an additional $1,753 in costs on American families. Now that the tariffs apply to even more products, the tax increases are poised to be even higher this time. The Peterson Institute predicts tariffs could annually cost families $1,200 a year, while Yale’s Budget Lab estimates the tariffs would cost the average American family $4,200 annually.
The fact that tariffs are taxes paid by consumers is not news to the American people. That is why vehicle sales jumped almost 13% last month as Americans sought to make their purchases before the 25% tariffs on motor vehicles and parts went into effect.
(Excerpt) Read more at foxnews.com ...
And Rand said nothing.
10% off steaks from my supplier over the next few days thanks to the Presidents’ tariffs! KMA, Sinator Paul!
In his whine earlier he kept stressing “Republicans lost seats after imposing tariffs “ (which had nothing to do with it).
So he pretends to care only about the Republican Party?
I don’t. The “party” can go to hell.
The represent US, not lead us.
I’ve always known Ron and Rand were morons.
I think you are on to something. Instead of Senator I will call them Sinister. Ex. Sinister Rand Paul.
‘ 10% off steaks from my supplier over the next few days thanks to the Presidents’ tariffs! KMA, Sinator Paul!’
Now there’s some good news the world can embrace!
Makes people who are upset about losing 6 trillion dollars in two days look silly.
I prefer it to our current path of taking it up the pooper and dumping debt and deficit on our kids/grand kids/great grand kids...to enrich global oligarchs, parasites and traitors.
IF living in a "REAL world" of economics pushes U.S. into economic chaos...so be it.
...then maybe folks will turn their MISGUIDED anger where it belongs...the oligarchs and parasites that got us here.
That is not to say WE are completely innocent...with our insatiable appetite for cheap sh t, we've basically bought the rope from those who will hang us with it.
...just that the oligarchs and parasites most CERTAINLY created/facilitated that appetite...in the same way they made cigarette smoking "fun and cool".
You are wrong. I’m not going to list them all for you. I’ve listed them for others already.
https://www.hyundainews.com/en-us/releases/4404
Motor Group Commits to U.S. Growth with USD 21 Billion Investment
The Group to invest a total of USD 21 billion in the U.S. from 2025 to 2028
USD 9 billion to expand U.S. automobile production to 1.2 million units annually
USD 6 billion to enhance parts, logistics and steel business, increasing the localization of auto parts and strengthening supply chains
USD 6 billion to expand future industries and strengthen external partnerships and energy infrastructure, including EV charging
Investment is expected to create more than 100,000 direct and indirect job opportunities by 2028, including 14,000 direct full-time jobs
Nippon Steel is willing to increase its investment in U.S. Steel facilities to $7 billion as the Japanese company tries to convince U.S. President Donald Trump that foreign ownership is the best path forward for the iconic Pittsburgh steelmaker.
The new sum, confirmed by two people familiar with the negotiations, was offered during conversations in Washington, D.C., this week and was first reported by Semafor.
It represents more than double the $2.7 billion investment Nippon had previously pledged on top of its winning $14.9 billion bid for U.S. Steel, which triggered a wave of political backlash and was eventually blocked by former President Joe Biden in January.
“I think it’s a hell of a jump,” said West Mifflin Mayor Chris Kelly, who has worked closely with both sides to secure a deal. “They talk billions like you and me talk hundreds.”
Exclusive: Honda to produce next Civic in Indiana, not Mexico, due to US tariffs, sources say
By Maki Shiraki
March 3, 202511:12 AM EST
TOKYO, March 3 (Reuters) - Honda (7267.T), opens new tab has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.
The change underscores how manufacturers are scrambling to adapt to U.S. President Donald Trump’s proposed 25% tariffs on goods from Mexico and Canada. While several automakers have expressed concerns about the levies, Honda’s move is the first concrete measure by a major Japanese car company.
It’s an existing facility.
As I said.
Car giant Stellantis has revealed that it is preparing to invest more than $5 billion in the US. This is following the company’s chairman, John Elkann meeting US president Donald Trump before his 2025 inauguration, according to the Financial Times.Jan 23, 2025
https://www.cnbc.com/2025/01/22/stellantis-investments-jeep-ram-trump.html
DETROIT — Stellantis
Chairman John Elkann detailed several upcoming plans the trans-Atlantic automaker has for U.S. investments when meeting with President Donald Trump during a dayslong trip to Washington, D.C., before Trump’s Monday inauguration.
The plans, as outlined in an internal message Wednesday to U.S. employees, included creating 1,500 jobs and reopening a plant in Illinois to build a new midsize pickup truck in 2027; building a new version of the Dodge Durango SUV that was being considered for Mexico at a Detroit plant instead; and adding more support for plants in Toledo, Ohio, and Kokomo, Indiana.
“John told the President that building on our proud, more than 100-year history in the U.S., we plan to continue that legacy by further strengthening our U.S. manufacturing footprint and providing stability for our great American workforce,” Antonio Filosa, head of Stellantis’ North American operations, said in the message.
No that’s not what you said. There are both new and expanded facilities committed too. It is irrelevant whether >15K new jobs are because of an addition or a new facility.
Jay.
You said:
‘ Fine. Those laid of will get jobs in the new factories and expansions already pledged.’
I responded:
‘ No new automobile factories have been pledged, or announced yet. Some manufacturing has been moved to existing factories though.’
Now you’re repeatedly responding with things that support my comment.
Why?
Because your premise was wrong and now you are just trying to save face. There are many new jobs in both the auto & steel industry where people laid off will find work. That is the bottom line.
https://www.industryselect.com/blog/new-us-factories-announced-in-february-2025
New U.S. Manufacturing Operations Announced in February 2025
Posted by IndustrySelect on Wednesday, February 26, 2025
On the tails of a strong January, U.S. manufacturers kept up the momentum, announcing a wide range of new manufacturing investments in February 2025, from Apple’s historic investment in U.S. facilities to Lily’s plans to more than double its domestic footprint, expanding its U.S. facilities to the tune of $1.7 billion. From new automotive enterprises to solar projects to new food and beverage facilities, here are the most exciting new operations announced in February.
First up, Apple made waves this last week of February, announcing a historic investment of more than $500 billion in the United States over the next four years to bolster American innovation, create jobs, and expand the company’s manufacturing and research capabilities. This investment will create 20,000 new jobs, focusing on roles in engineering and artificial intelligence.
As part of this broader investment, Apple has announced plans to open a 250,000-square-foot AI server manufacturing facility in Houston, Texas. The new factory, expected to begin operations in 2026, will produce AI servers to support Apple Intelligence, the company’s AI-driven personal assistant for iPhone, iPad, and Mac computers. “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” said Apple CEO Tim Cook.
See linked article for both new plants & expansions in multiple industries.
‘ Because your premise was wrong and now you are just trying to save face.’
Holy crap.
As I said, a few times now, they are moving production to void tariffs, but they are not new factories as you claimed.
That’s the only damn point I made.
Get lost.
Apple doesn’t make cars!
People who are making themselves rich off the taxpayers sure don’t want to rock the boat.
Thanks for nothing Rand, as usual.
Are you for real or farina. We are talking jobs, new jobs and if you had bothered to read any of the articles there are lots of plants & expansions in the auto industry.
Done with your shifting goal posts; they fool no one especially not me.
Boo-hoo...the market giveth, the market taketh away.
He doesn’t know squat about tariffs. He’s an eye doctor. He’s right about some things. He’s ignorant insofar as what Trump is doing. He’s also a shameful prick that will constantly criticize Trump for the dumbest sh*t. I like the few things he knows about and does well, but I’ve lost a lot of patience with his stubborn side. Teaming up with that *sshole from Virginia to stop Trump is disgusting.
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