UAW still ‘own’ GM??
Until they end with more jobs and greater national prosperity. Tariffs certainly worked for China, haven’t they?
MAGA
IOW - GM cars depend on overseas equipment to make American cars.
Why? Just buy American steel and aluminum and you don’t have to pay that additional cost. Plus shipping costs will be less
GM wants their cheap parts from overseas even if a lot of Americans are unemployed. They aren’t willing to buy American or pay 25% more for their parts.
They are more than happy to keep draining American wealth by selling overseas goods to us.
GM wants their cheap parts from overseas even if a lot of Americans are unemployed. They aren’t willing to buy American or pay 25% more for their parts.
They are more than happy to keep draining American wealth by selling overseas goods to us.
Cool. Fewer cars means less climate change. How can the New York Pravda, er, Times complain about that?
Are they globalist pussies that lay down and moan for their masters? You betcha!
Is this GM or Obama talking ?
You mean it raises the price of GM’s Mexican, Korean, and Chinese crap they import to us?
The material cost is negligible compared to the people cost and overhead. Since Trump just gave them a big tax break, they should have plenty of money to cover the tiny impact of steel and aluminum price increases. Somebody did the math and it was about $2 a month increase in your monthly car payment.
I pick the company. Does anyone know just exactly what the cost of making any car is? Best kept secret in creation.
A new wave of tariffs COULD cause my uncle to undergo a sex change............
Maybe it’s time for the share holders of GM stock to find a CEO and executive staff that knows how to actually do their jobs and not spend time running off at the mouth to support leftard propaganda.
I remember GM in the early 70’s with their buy American campaign and they were buying steel from France.The good old rust bucket vega days
If GM would make their cars here, of US steel, they wouldn’t have a complaint.
They need to adjust to the new national policy.
As far as impact to consumers...they’ll do just fine buying cars made here.
Oh, the cost impact of a car made from either tariffed, or US steel is about $100. Their chief complaint is that they cannot manufacture in Mexico at $2.25/hr and import into the US without penalty.
And you support them.
“Tariffs cost jobs overall and raise prices for consumers. “
then why does every country in the world impose tariffs, and why has the U.S. government imposed tariffs throughout its history since the very first day our republic went into effect?
"But, in general, the protective system of our day is conservative, while the free trade system is destructive.
It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point.
In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.
If GM made all their cars/parts in the USA, they wouldn’t be facing any tariffs.
“Tesla is the only automaker that assembled 100% of its U.S.-sold cars domestically last year. And only three other companies — Jeep, Cadillac and Dodge — broke 80%.”
source: http://time.com/4677817/american-cars-brands-manufacturing/
Trump needs to straighten out this crap.
“Tariffs cost jobs overall and raise prices for consumers.”
The economy is booming. (Almost) Anyone who loses a job because of tariffs can easily find another job. There are more job openings in this country than unemployed people. Thus no jobs are lost “overall” as the economy is reset over time via tariffs and companies relocating jobs back to the US.
As for the cost to consumers, the tariffs are voluntary. Don’t buy a foreign product (car) and you don’t have to pay the tariff (tax).
CNBC: “There are more jobs than people out of work, something the American economy has never experienced before” - June 5th, 2018.
https://www.cnbc.com/2018/06/05/there-are-more-jobs-than-people-out-of-work.html