Tariffs
- Thread starter sfdon
- Start date
Breiti, there is a way out. Instead of an opinion give a prediction!
That will end bad for our all wallet....
Better so ?
Tariffs are already payed by the consumer all over the end....
People will lose their jobs....
The Gross domestic product will sink.....
The inflation will rise....
Breiti
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Rek
Well-Known Member
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.
Not political - just economics, or unjust economics. This will affect the poorest people of the world the most.
Well done Breiti, you are on record!
Now, like Ali G used to say, how about the bad ones
?
If it's the 125% tariff, you really think the vendor will pay the customer to take their products?
I think the CFO is trying to improve OM to compensate for the impact on GM. Yes 125% can make GM negative...
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ScottAndrews
Well-Known Member
Some friends of mine in the industry did this interesting analysis. $107.7B across 17.7M cars is an average of $6K per car. Ford, as one example, makes about $4K margin on every vehicle, so unless Ford and their suppliers are willing to operate at zero margin, the consumer is going to eat some substantial portion of this.
Great document. They will pass the cost and what may happen is what happens in other countries I have seen. Consumers buy a lower trim level of the car. The bundling of trim packages is crazy and the delta between the base and the fully loaded is more than 6k$ for most cars in the US fleet.
Sticker Shock: Navigating Car Trim Levels
In this look at car trim levels, Consumer Reports says that options and features can boost the base model’s price by $10,000 or more. Learn how to stop paying for features you don’t want and get the ones you do.
www.consumerreports.org
You were right, yesterday they started layoffs at the company...There is real pain being inflicted, no doubt.
Talked to a tennis partner friend today. She does high end placement. Her business is dead. Vs last year when she won a week in Bermuda, and the company treated her and her husband to four days in Las Vegas. This year it will be Wildwood and Atlantic city on the Jersey shore. Out of pocket of course.
Rek
Well-Known Member
I have a neighbour, Hamish McRae, who is a friend, but also an Economist. We meet from time to time and discuss stuff but we recently met in the street and discussed the US when there were designs on the US expanding into Canada and Greenland, and the promise of tariffs.
We both agreed with a quote from Winston Churchill about the US. "The Americans will always do the right thing - after they have exhausted all the alternatives." Ignoring the rather witty slight in the second half of the quote, we agreed that the US has such a strong constitution and structure that something corrective will always be done in the case of reckless economics. His timing was within two years, presumably thinking of the mid-terms. Mine was 6 months. Once the bond market was spooked by the tariffs and then by the potential removal of Jerome Powell, he is now in agreement with my timing.
The point I am making is one of optimism. Your country is an incredibly steady ship, OK with huge debt and an overvalued stock market, but that is manageable and there are sufficient clever people to ensure that any harm from seemingly challenging economic policies will be short lived and those so affected should try to weather the storm.
The US is not as Plato would say, A Ship of Fools. It's all going to go away, sooner than you think.
We both agreed with a quote from Winston Churchill about the US. "The Americans will always do the right thing - after they have exhausted all the alternatives." Ignoring the rather witty slight in the second half of the quote, we agreed that the US has such a strong constitution and structure that something corrective will always be done in the case of reckless economics. His timing was within two years, presumably thinking of the mid-terms. Mine was 6 months. Once the bond market was spooked by the tariffs and then by the potential removal of Jerome Powell, he is now in agreement with my timing.
The point I am making is one of optimism. Your country is an incredibly steady ship, OK with huge debt and an overvalued stock market, but that is manageable and there are sufficient clever people to ensure that any harm from seemingly challenging economic policies will be short lived and those so affected should try to weather the storm.
The US is not as Plato would say, A Ship of Fools. It's all going to go away, sooner than you think.
Unfortunately, until than, a lot will be irretrievable destroyed..
It would take longer than those 6 month to recover all that.
Some things will never recover.
The European is already in charge to build up they're own defenses.
So in that point, the USA loose a lot of influence later on....
Only my opinion, or as you guys say
My 5 cent...
Breiti
It would take longer than those 6 month to recover all that.
Some things will never recover.
The European is already in charge to build up they're own defenses.
So in that point, the USA loose a lot of influence later on....
Only my opinion, or as you guys say
My 5 cent...
Breiti
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We will hit bottom in maybe 6 months. Subaru and Nissan are closing plants now in the US. Nissan was having issues even before the tariffs. Consumer Confidence was down again last month. Empty shelves will start in early May. China refuses to buy Boeing airplanes that had been ordered and even returned one or two.
I certainly hope so. But I think it may take longer for many people to admit to themselves that they feel the impact. It's easier to fool someone than to convince them that they have been fooled.
ScottAndrews
Well-Known Member
I would normally agree with you, but our resiliency and resistance against tyranny has been a result of our separation of powers, and a tacit agreement to abide by and respect those powers.
We are seeing that the congress is unwilling to impose any restraints, and the courts, while, so far, holding the line on the constitution, have limited enforcement power. Enforcement is in the hands of Bondi, the blond bimbo and Trump acolyte, who apparently has little to no grasp of constitutional protections.
The president seems more focused on retribution than policy, so policy is left to a handful of extremists (Miller, Navarro, Patel, etc).. Each whom has their own ideological agenda. Meanwhile graft and conflict of interest reign supreme..
2026 can't come soon enough. I suspect we WILL survive with some semblance of a democracy, but repairing the economic, global and cultural damage will take decades.