General Motors says #Trumpstariffs have already cost them $1B and could reach $5B by year's end.

[riversedge]

well, we know the increased prices will be passed onto the buyers!!

General Motors says Trump’s tariffs have already cost them $1B and could reach $5B by year’s end.

Weren’t those tariffs supposed to help American car companies? 🤔

Link to tweet

[Meadowoak]

1. And the fact that new car sales are always sluggish

When the Republicans are in power. The economy is always unstable, and unemployment usually high. Nobody wants to commit to a payment that they are not certain they can pay. I grew up in the auto industry, and I can remember them always saying that even as a small child, Detroit can't sell cars when the Republicans are in power. It's true.

[MW67]

2. Wait after the mid terms

SSDD same sh t different decade, every time my entire life (58) they f the economy and blame Democrats , it should be taught in history class by now

[Maru Kitteh]

4. Same age here. Depressing and SO TRUE.

[Tree Lady]

3. My daughters Honda dealership

She is top manager of large one in Bay Area, sales so low she is going to have to lay off people and they were doing great.

Sunday was for the Mexicans, they had bilingual people working, special sales people, and now almost none come.

This is my daughter that makes good money and few years ago turned republican. She has been seeing last 6 months what he is doing, so I am quiet not saying I told you so.