Summary
Trump warned automakers not to raise prices after announcing a 25% tariff on imported vehicles starting April 3, claiming the tariffs would be “great” and benefit U.S. manufacturing.
Industry leaders, including GM, Ford, and Stellantis CEOs, expressed concerns about inevitable price increases, with experts warning tariffs could add thousands to car costs.
Auto suppliers stated that absorbing tariffs is impossible, and dealers fear affordability challenges for consumers.
While the United Auto Workers union support the move as a job creator, trade groups predict higher prices and fewer manufacturing jobs.
He’s such an abysmally bad politician. Bungler. He’s ruining the country.
I find the small insight we are getting about him as a businessman equally interesting.
He was put in to sabotage the US both internally and globally. That doesn’t require him to be a good politician, just a relentless, brutal wrecker.
I fully agree. The next step that hopefully doesn’t come to pass is causing so much frustration and hate that it leads to riots or other forms of attack. When that happens, he is going to call marshall law and take control as a dictator. Scary time to live in America.
Marshall law
Martial law is the replacement of civilian government by military rule and the suspension of civilian legal processes for military powers. Martial law can continue for a specified amount of time, or indefinitely, and standard civil liberties may be suspended for as long as martial law continues.
Donald Trump represents a symptom of a deeper, systemic issue within the United States: The nation is grappling with severe internal fractures.
The most important division is the extreme concentration of wealth in the hands of very few. The rich are virtually untaxed. Many of these wealthy individuals and corporations have offshored their operations, amassing revenues that surpass those of entire nations.
This economic imbalance has enabled the powerful to dominate both traditional media and social media platforms. They are effectively manipulating public opinion. By exploiting the vulnerabilities of an under-educated populace, this influence has undermined democratic processes.
He’s supposed to be a businessman. How can he not understand that business doesn’t work like that?
He is a businessman, but there was always debate about whether he was a good businessman. Judging by his casinos going bankrupt, I would consider him bad. Also see trump steaks, or trump university.
He was never a good businessman, though.
If he hadn’t started with inherited wealth, he would never have been able to get to where he is.
Probably achieved a lot of stuff by bullying, or what is basically bullying.
Is he really tho:
“Details About the 6 Trump Corporate Bankruptcies”
Absolute clown administration
administration
Regime*
Youre right mb
Question here, anyone know if Tesla is produced entirely domestic? The Detroit brands all at least have parts and for some models entire production facilities in Canada/Mexico.
Not that he would use government power to so explicitly help his playmate there, just curious…
Tesla does source some parts from outside the US, so they will be impacted. However, they are definitely the MOST US-based and will be hurt the least. Other US brands and foreign brands that have mfg in the states source a ton of parts from around the world. Those parts will all be more expensive, so prices will go up by some percentage.
Tesla benefits the most from the tariffs. There was an article about it a day or two ago.
Yeah, good luck with that. He has lost what little business sense he had
He’s a dementia riddled old man who shits in diapers. What do you expect?
Is that… is that a portrait of Reagan on the wall behind him? The man has no concept of irony…
It feels so gross upvoting a picture and quote from Reagan.
Agreed. But this is a stopped clock situation, and the sentiment is not wrong.
When you look at the context of the quote, he was cynically using those words to defend a great injustice.
Truth is truth, no matter the source.
you’re upvoting an even worse than Reagan meme
May Reagan burn in hell.
Especially because that quote was to counter pressure to say that trade relations were invalid if one party wasn’t protecting the environment and human rights (for example, by imposing slave-labor conditions on factory workers).
It’s not just irony he has no knowledge of history. He know that Reagan said that. All he knows is that Reagan has an R beside his name and maybe possibly the words trickle down economics.
He know that Reagan said that.
Since we’re talking about Trump I am 100% confident you are wrong on that.
He doesn’t care about R, just ego.
Reagan also never used the words trickle down economics. Nor would pretty.much anyone Trump talks to. He wouldn’t associate Reagan with that either.
I’m starting to think that this guy might not understand how economies work.
Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn’t understand them, he just likes them based on his misunderstanding of them…
I’m sure he believes that other countries are paying the tariffs and it’s money going to the US federal coffers…
He seems to consider them in a vacuum.
“Prices rise, but that’s only a temporary problem for plebs refusing to buy American. Once US manufacturing catches up, they will buy American and all is well.”
That is of course incomplete and ignores the very real problem of manufacturing PARTS and raw resources also being affected. If not by Trumps tariffs, then by retaliatory ones from other countries. It also squashes your own export market. All of that together will leave prospective American factory bosses with a choice: Will they build a factory in the US and deal with higher prices and less customers, or will they build a factory in India, where they can export to every country on this planet (except the US but who cares) and have quick and cheap access to Chinese and Russian raw resources and a cheap labor pool?
There are too many steps in that chain of reasoning (more than one) to resemble anything that goes through Trump’s so-called mind. He doesn’t understand comparative advantage, he doesn’t understand global trade, he doesn’t understand what happens when tariffs are imposed. Although he probably doesn’t know the word, he probably thinks autarky works.
His handlers want him to impose tariffs because they damage world trade and put stress on economic alliances like the EU. And whose bloodthirsty imperialist plans would benefit from a weaker EU?
I learned a new word today because of you, thanks!
Yeah and the worst part? People will probably still will vote overwhelmingly republican. If you’re gonna be dumb you gotta be tough i guess…
The guy owned casinos that went bankrupt. It takes a special kind of person to do that
But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said “no more bankruptcies, they are too great”, believe me!
He doesn’t have to. The goal of Trump is simple: exert power. He doesn’t care who gets hurt in the process so long as his base sees him as their God (intentionally using the capital G here).
And if his decrees don’t have the expected results, it’s someone else’s fault.
I know at least Subaru has already sent out emails to dealerships to expect prices to increase in April. If you’re currently looking into purchasing a new car, better do it sooner rather than later.
Alternatively, you may wait for things to come crashing down (both interest rates and prices) once we hit the inevitable recession and Trump is forced to face the reality of his moronic policies.
Be sure not to offset the costs by eliminating executive raises and bonuses, or by trimming their ridiculously large salaries! Those are sacrosanct!
The man simply does not know what a tariff is, and is doing this because otherwise Putin releases the tapes. Its simple
If I were him I’d just let Putin release the damn tapes, since it seems impossible that anything could actually damage his image with his rabid followers anyway.
But that’d require one functioning brain cell, and if he had that we probably wouldn’t be in this position now to begin with.
So he’s basically telling the other billionaires to eat the cost of the tariff themselves and NOT pass them on to the consumer.
Trump really is stupid enough to start biting the hands that gave him his current position, all because Musk tells him to.
If it actually worked it’s a funny way to say, let’s tax corporations. It would never happen though because it makes line go down.
it makes line go down.
You often see the question asked online “What radicalized you?”
For me, I was working for a telecommunications provider as a manager and was told that neither myself nor my staff would see any raises or bonuses that year because “the company didn’t make any money.”
The kicker being that the company made 6 billion that year. But because the money counters had projected them to make 7 Billion, and they didn’t hit it, giving out raises would make the stock price drop even more than it was already going to. Essentially, not enough profit, is the same as NO profit.
But you better believe the CEO and executives got their bonus that year.
it makes line go down.
“Projected profit” versus “actual profit”. Thank you, cause I’ve always wondered how a company can make a profit and high up people in that business can say that the actual workers don’t deserve a pay rise.
The really stupid part is a well paid and well educated work force will create more money than the alternative.
Problem is that a well paid and well educated workforce will make more money ‘sometime after the next quarter’ and in a diffuser way spread evenly across the board.
Stiffing people and withholding raises will show a profit within a quarter someone’s bonus is based on.
Guess which option the people who get the bonuses will pick.
Honestly the ‘fiduciary responsibility to maximize shareholder value’ might be the phrase we’ll look back on as the downfall of the human race.
Keep this up and we might even get to see America starting a state-run car company. This’ll be great to watch. 🍿
Yeah, but instead of getting Volkswagen or Lada, we’ll get
Tesla, or more likely Trump Cars (shudders)
A cyber truck with a bad blonde toupee?
I know he’s dumb, but god. Wow.
Can you say “economic collapse”.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
This is something people forget a lot because everyone gets consumed by latest bullshit drama pop political news.
100% agree, this is a coordinated attack on the US by bad faith actors willing to sell a society into bondage for personal gain. They want to make themselves techno-pharoes, in my opinion.
How great would it be if he somehow accidentally killed car dealerships
Fuckcars is delighted
It will kill more than just dealerships. Imagine being any company operating in the US and the president threatening other companies for not paying the tariffs he is imposing. Imagine the investor confidence imploding and companies refusing to operate and close doors because they are not willing to pay for a stupid president destroying their profits. Companies have a fiscal responsibility to their shareholders, and this won’t be tolerated.
I thought China was paying the tariffs?
/s
Sneaky carbon tax lol
Capitalism at work, shithead. Get fucked
