Trump says auto tariffs coming around April 2

[OKIsItJustMe]

Source: Reuters

By Reuters
February 14, 2025 2:50 PM EST

WASHINGTON, Feb 14 (Reuters) - President Donald Trump said on Friday he plans to impose tariffs on imported cars around April 2.



Read more: https://www.reuters.com/business/autos-transportation/trump-says-auto-tariffs-coming-around-april-2-2025-02-14/

[Irish_Dem]

1. He always gives enough time for the bribes and protection money to roll in.

He gets the attention of the corporations and billionaires first.
And then gives them the deadline for cash offers to his personal account.

[underpants]

2. So, in term two we are going to "in SIX weeks"?

[rurallib]

3. Tesla's an import, right?

not that I would ever buy one

[OKIsItJustMe]

6. No, Tesla's a US company (which has expanded to other countries, including China)

On the other hand, GM and Ford manufacture EV’s in Mexico and Canada (and Tesla does not) Hmmm…

https://jalopnik.com/what-happened-to-tesla-s-promised-mexico-gigafactory-1851692836

What Happened To Tesla’s Promised Mexico Gigafactory?
Elon Musk made a promise in 2023, but we all know how often he honors promises.
By Logan Carter
Published November 8, 2024

…

[Bernardo de La Paz]

4. This could be yet more bully bait & switch: he is getting a report on April 1 analyzing other countries

I doubt the report will have much or anything to say about impacts in the US. It will undoubtedly propagate the completely bogus claim the orange economist is making suddenly about VAT, that it is a hidden tariff.

It seems tRump will have to touch the hot stove of recession and stock market declines before he will get a concept of what he is doing in actuality.

I think by then it will be too late for him to salvage his legacy. He is Nixonizing himself, especially considering Covid and Jan 6.

If he fucks up his supposed core competency, business and economics, then he will have nothing. He will have Hooverized himself.

[OKIsItJustMe]

7. He played the tariff game last time around, he got re-elected...

https://hbr.org/2024/12/what-the-last-trump-tariffs-did-according-to-researchers

What the Last Trump Tariffs Did, According to Researchers
by Thomas Stackpole
December 2, 2024

Last week, President-elect Donald Trump outlined a plan for sweeping new tariffs against three of America’s leading trading partners. In a post on Truth Social, his social network, he promised that he was ready to sign an executive order placing 25% tariffs on all goods imported from Canada and Mexico on day one of his presidency, with an additional 10% tariff on goods from China. This is on top of earlier threats of imposing 60% tariffs on China and a blanket tariff of 10% to 20% on other imports to the U.S. — a protectionist plan that could reshape the U.S. economy in ways that have little recent precedent.

Even before this latest news, the specter of new tariffs — largely presumed to be against China — have affected companies’ behavior. The shoe company Steve Madden reported that it was planning to cut the amount of goods it produces in China — the source of about 70% of its imports — in half. Other companies have started stockpiling inventory ahead of potential price bumps.

There is some precedent, however: During Trump’s first term, his administration pursued the most protectionist policies in the U.S. since the 1930s. Most notably, tariffs against China — which then imposed retaliatory tariffs — left 60% of U.S.-China trade subject to 20% tariffs. While trade relations stabilized, the tariffs that were introduced during that period were largely left in place by the Biden administration.

As such, researchers have had years to study the effects of these policies — and whether they worked as their architects and economists might have expected. They’ve also looked at who ultimately bore the increased costs.

…

[Bernardo de La Paz]

10. Yes he did. But I can't read the article and you excerpted the intro, not the key 4 paras. . . . nt

[OKIsItJustMe]

11. Strange...

I have no subscription, yet I can read the entire article…

Suffice it to say, they did not work as promised. Trump, as you implied is no great financial genius. And yet people voted for him over Biden “because the economy was so much better under Trump.” (Well, no, it wasn’t, but he’s very good at getting people to believe his lies.)

[Bernardo de La Paz]

12. Yes, agreed. . . . nt

[WestMichRad]

5. And Infrastructure Week will be right after that.

More BS from the Liar in Chief.

[Bernardo de La Paz]

9. It would be foolish to dismiss them. He's already raised China tariffs 10%. He put tariffs on Canada in 2018. . . . nt

[mitch96]

8. Does that include all the Ford and GM products made in Mexico???nt

[OKIsItJustMe]

15. I have observed from the start

During the campaign he promised 50%,60% even 100% tariffs on China. Instead, after taking office the figure was 10%. Meanwhile, although no mention of Canada and Mexico were made during the campaign, 25% tariffs were imposed.

By coincidence, while Ford and GM manufacture EV’s in Mexico and Canada, Tesla does not. On the other hand they do a great deal of business with China.

https://www.cnn.com/2024/05/24/business/tesla-shanghai-battery-factory-trade-tariffs/index.html

[2naSalit]

13. Mark your calendars, folks...

We're back on the "...in two weeks!" plan!!

[Bengus81]

14. That will give the stock market six weeks to continuously tank

American made cars are imports to Canada and other Countries Trump..........