New vehicle tariffs

[KARNUT]

I’m for bringing industry back to the US even if it’s means paying a little more. The way I look at it we have patriots who sacrifice their mind and body for our country. I can pay a little more to keep our country as healthy as possible. And people working. We all know there’s pretty good profit especially in trucks. Just look at the discounts they give during truck month. I routinely got at least 10K off when I bought new trucks. I had no idea that trade was so not in our favor. Who agreed to that? Shameful. So will we eventually pay a little more when the dust settles? Probably because we pay more for labor. Is it worth it? I think so. 

[customboss]

The way I see it’s a use tax, VAT ( value added tax) on nearly EVERYTHING not just autos.

That long term impact would be consumers and current large players. Meaning hammer us domestically.

 

If products that are currently produced domestically are priced lower or at least value balanced then it might work. 
 

Moving auto and other heavy production back is not an overnight thing. 
 

It’s the largest tax increase ever according to Mike Pence and most economists. 
 

Historically the stock market crash of 1929 became a recession but the attempted Smoot Hawley Tariff act of 1930 made it a depression. 
Trump is a different cat who turns different directions faster than a stray electron and most power brokers are afraid of him so we shall see. 

The pain we THE MAJORITY as a country felt since 1979 as we saw our economy shift from heavy production to service has workers making a lot less than the 1% super rich. If this levels the playing field then so be it but I’m holding my breath. 
 

 

 

 

[customboss]

Could be a glitch????

 

[KARNUT]

1 minute ago, customboss said:

Could be a glitch????

 

I was heavy in the stock market making about 10 percent up until 2008. I stopped adding to my IRA. I paid off my house and built a small home on that back part of my property. I haven’t put it to paper to be exact. But I believe both investments are pretty close in payoff or return. I just like being diverse with my investments. Stock market fluctuations don’t concern me. I don’t depend on my IRA for retirement. But the rent from the additional house pays for play. But it’s a crapshoot for renters. That’s like a bowl of chocolates. The trouble with the last move is congress comes into play. What they do can ease the transition. I believe it’s time for an adjustment our debt is too big. I have a vivid memory when I started making good money. I went into credit card debt. I wanted everything now. Before I knew it the interest payments were more than any item I bought if I just had been patient. I leveraged my house paid everything off quickly and became debt free. The country is at that point. Get rid of waste, trim the fat, become efficient. And have fair trade. 

[customboss]

Stellantis just announced shutting down production at Canada and Mexico causing layoffs in US. 

[Silverado4x4]

2 hours ago, customboss said:

Stellantis just announced shutting down production at Canada and Mexico causing layoffs in US. 

There only shutting down production for 2 weeks or so to see how this all plays out.

[64BAwagon]

The HQ in Auburn hills has been in chaos for a while. I think the truck (Ram) side is on the comeback but the rest is in big trouble, Jeep expecially 

[KARNUT]

Companies now are facing a challenge. The made in America is going to be front and center. Do people care? If there’s a product that has competition with a made in America vs elsewhere do they raise their prices? Nissan just dropped their prices. I believe there will be very little change. Unless the product only comes from overseas as well as its competitors. As always there’s choices. The two biggest ripoffs I don’t partake in. Buying bottled water in a convenience store and Starbucks coffee. My water is better as well as my coffee. 

[Z45]

Stallantis has been having sales slump.

 

Quote

Ram truck sales have been declining, with a significant drop of 19% year-over-year in 2024, and Stellantis is addressing this slump by appointing a new CEO, Tim Kuniskis, and focusing on redesigned heavy-duty trucks

 

 

https://www.reuters.com/business/autos-transportation/gm-increase-us-truck-production-following-trumps-tariffs-2025-04-03/

• GM to increase truck production at Fort Wayne plant
• 225-250 jobs to be added at Fort Wayne plant
• Temporary workers to be hired for operational adjustments

 

So they can build more here, if the want to or a forced to.

Edited April 4, 2025 by Z45

[customboss]

Looks like stock markets worldwide are crashing. If so that will definitively reset the economic table since markets are forward looking. Looked at calculation administration used to tariff each targeted country. Are we being used as a country to be gambled with resetting global trade? Our money as citizens. Can we generate enough $$$$ to fill the government till and NOT harm the average citizen? It’s a very big gamble. 

[KARNUT]

1 hour ago, customboss said:

Looks like stock markets worldwide are crashing. If so that will definitively reset the economic table since markets are forward looking. Looked at calculation administration used to tariff each targeted country. Are we being used as a country to be gambled with resetting global trade? Our money as citizens. Can we generate enough $$$$ to fill the government till and NOT harm the average citizen? It’s a very big gamble. 

It will turn around next week 

[KARNUT]

5 minutes ago, KARNUT said:

It will turn around next week 

The auto manufacturers already said no price increases. Deal are being made this weekend. Next week will be interesting.

[64BAwagon]

Way too early to make any judgements about the outcome. Everything that dropped is on paper only unless youre cashing out right now. 

Time for the villagers to put down their pitchforks and torches and just be like little Fonzies. 

[customboss]

How much will tariffs raise prices? Trump’s economists just revealed their answer : Planet Money

 

https://www.npr.org/2025/04/03/g-s1-58094/tariffs-price-raises-economists
 

[KARNUT]

I’m a pretty simple man. I’ve been around awhile. I’ve been blessed with common sense. Not over reacting and analyzing allowed me to retire early. What we’ve seen so far. Businesses are coming back to the US. That means more jobs that feeds Social Security among other things. It’s  nice that waste is being addressed too. Countries are calling like crazy for deals. Ford and other companies are saying prices are going to stay the same. The stock market is very volatile, always is. They always take their profits, then rebuy when it’s low. What’s being ignored are the job numbers were higher than expected. And the overseas and domestic investments into the US. Patience is a virtue. It won’t take long. Next week will be interesting.