Posted on 02/07/2016 7:46:41 PM PST by 11th_VA
Auto giant Ford is planning a new assembly plant south of the U.S. border, the Wall Street Journal reported Sunday, and will sharply increase factory output from Mexico just months after signing a labor deal.
Citing people familiar with the matter, The Journal reported that Ford will add half a million units of annual capacity from Mexico starting in 2018, which is double the amount it built in 2015. The new assembly complex will be based in An Luis Potosi, and Ford will expand an existing facility near Mexico City, the publication added.
(Excerpt) Read more at yahoo.com ...
The "high" corporate tax rare insult that high when you consider the USA is the few countries that has no VAT.
The Free Traitors not telling the whole truth.
The USA has no VAT it IS low taxed country.
Fixed.
Not one cent of production cost reduction from moving their plant to a narco state is going to be passed on to the consumer. NOT. ONE. CENT.
I hope so.
Your numbers are off. For union built cars, the worst case scenario, labor averages 6-8% per vehicle. I do not know the Mexican labor averages but I will guess 3-4% per vehicle. For a $30,000 car built in USA by union labor it is about $2,400. For a wetback built car it is $1,200 labor. So Ford is doing this so pocket a few pennies (4 cents) on the dollar, kind of sleazy isn't it? They'd go thru all of that trouble for a few pennies on the dollar, those saving are not passed on to the Ford buyer.
NAFTA nixes that notion.
“Nabisco is going there too......no more oreos for us!”
Nabisco is already there. Check your graham cracker box.
I checked my first aid kit. All those Johnson & Johnson band aids were made in China, Brazil.
It amazes me how posters on this site will literally sneer at what they call “protectionism”. If they want a job, or a country, they better start checking on what they believe.
Boeing building a plant in China. Pfizer going out of country.
Go Trump Go.
Send that senior to a home. Where he can tell the rest of the residents about all the free stuff we can afford on 19 trillion debt.
Yes, it was a bit facetious because those businesses are not imported. Why not build things here? Bring tourists to America? Bring their money here!
His best in the world Scotland golf course lost money for the past three years, too. He threatened to cancel improvements (I thought it was already the best it could be?) if he was not allowed into Great Britain but the Scots are building wind mills out there so I guess it doesn’t matter. He lost that case, too. Why is that? Not enough of a “network” in Scotland?
I wasn’t aware of sneering......
I check my labels
Some companies will move portions of their merchandise to Mexico, or other places.....but still maintain some products here.
Yes, it’s hard to find a graham cracker, fig newton, etc that isn’t made in Mexico
Ot most of your Halloween or Easter candy... Etc
Thank you for the updates. I know nothing about stock but seems buying stock in a company as collateral for a debt is pretty dang stupid. If I buy 200 lottery tickets and put them in my safe will you loan me $20K?
PS
If you’re dedicated to finding products from USA....and I am....., you usually can
or do without
If you want to pay more taxes, that’s fine. But businesses can see it is a more friendlier atmosphere in countries that have low business taxes and less regulations.
“or do without”
Not possible, most times. All these American companies owe their existence to American consumers and American workers, but they are not hesitant about betraying them or their country.
OR, lower corporate taxes in the U.S. and cut overburdonsome regulations.
Trump doesn't want an EPA here.
Your simplistic arguments have all been heard before. Tariffs are only on imported manufactured goods and are optional taxes. If you don't buy then you don't pay. This is in contrast to income taxes which are mandatory, under penalty of imprisonment. Consumption based taxes like tariffs are better than confiscatory taxes.
The unsophisticated argument of Free Traitors astounds me. Third grade logic IMO. Trade is as much political as it is economic and has been so since 2000 BC.
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