Trump

[240PP]

Well, firstly, the kind of factories needed if you’re going to onshore all that car production (or any production of that scale) take probably 10 years to build if you’re starting from zero. Finding land, getting approvals, designing it, that takes a long long before you even touch a shovel. Outside of construction nobody really appreciates this - designing a complex building costs about the same as actually building it. And you quite obviously can’t build it before you design it !

And then next week, or tomorrow, he changes his mind and removes the tariffs, or announces biglier ones. He’s insane and companies can’t work with or trust his back of fag packet economics.

[Beany]

Well, firstly, the kind of factories needed if you’re going to onshore all that car production (or any production of that scale) take probably 10 years to build if you’re starting from zero. Finding land, getting approvals, designing it, that takes a long long before you even touch a shovel. Outside of construction nobody really appreciates this - designing a complex building costs about the same as actually building it. And you quite obviously can’t build it before you design it !

And then next week, or tomorrow, he changes his mind and removes the tariffs, or announces biglier ones. He’s insane and companies can’t work with or trust his back of fag packet economics.

This is the actual problem - there's no stability, which is required for financial planning when you're the sort of company that has an impact on the economy, be that local or national.

They'll just jack up prices, sack workers, and wait it out till he's fucking dead.

[Sundayjumper]

Added to the fact "Cars" are complex machines with hundreds of different materials needed to build them. It's not like Steel or Aluminium so they're never going to immune to the tariffs.

Even if you make the tyres in the US, the rubber has to be imported etc.

Which touches on another thing - it makes no sense to tariff things you can’t produce yourself. Coffee & bananas were cited as examples, and as you say, rubber. It’s a straight up tax in those cases. You’re not restoring US manufacturing.

[Sundayjumper]

They'll just jack up prices, sack workers, and wait it out till he's fucking dead.

…which has started already.

“Stellantis pauses Windsor and Mexico auto production, lays off U.S. workers”

https://www.theglobeandmail.com/busines ... s-workers/

[jamcg]

They’ll just stop producing, lay off massive number of workers and all act the same until he realises how he’s fucked everything, but it’ll be the companies fault not his

[Broccers]

These tariffs are absolutely brilliant

[Rich B]

Making America Grate Again.

[Delphi]

What's betting people shorted the US stock exchange before Trump's tariff announcement and have made a metric fuck ton of cash?

[integrale_evo]

I’m assuming America doesn’t make all the machinery these new factories are going to need either, so that’ll be tariffed and cost increase the businesses outlay, or are they waiting for American factories to be built to make American machinery to allow manufacturing to come back to America?

It takes a couple of years planning, plus nearly a year to install and commission a relatively basic new mainline machine inside our existing factory with no infrastructure or resource upgrades needed.

I’ve no idea how long it would take to build a decent modern car factory from scratch, ussuming most of the ancient ones in Detroit are so dilapidated they’re beyond resurrection.

[DeskJockey]

There's no point in trying to infer or deduce logic, there is none. Nor are there any grand plans, visions, ideas or concepts behind it. It is simply the stupid actions of a man with too much power and a Congress so toothless, by choice(!) that it couldn't chew a piece of wet bread.

[JonMad]

I'm wondering whether the next couple of days (new tax year) might be a decent time to buy into a global fund in an ISA, if it's getting a hammering at the moment. I know you shouldn't time the market and all that...

[Simon]

Wait Jon. This isn't the bottom yet.

[mik]

Dow dropped nearly 1700 yesterday, and dropped another 1000 within the first hour of trading today....

[Mito Man]

Yesterday retail investors bought into the market at the highest level over the past decade. Whilst the hedge funds and banks were offloading stocks.
I think many investors will learn the art Buddhist minimalism.

[IanF]

News is full of Trump, Global stock market collapse, Russian continued attacks on Ukraine aka Putin, Russell Brand and Prince Andrew; so basically highlighting the worst actors on the world stage.. I have more faith in the global populace than ever before!

[jamcg]

Fuck me. No wonder MAGA don’t know how tariffs work, the top boy don’t fucking know

[Sundayjumper]

He doesn’t understand anything. He was on about groceries again the other day.

An old fashioned term that we use, 'groceries.' I used it on the campaign. It's such an old-fashioned term, but a beautiful term. Groceries. It says a bag with different things in it. Groceries went through the roof and I campaigned on that, I talked about the word groceries.

He also tied an onion to his belt, as was the style at the time.

[Mito Man]

He appears to think that the tariffs will be paid by the other country. Maybe he won’t charge US citizens and just send a total bill every month to the country that sent the goods because that is certainly what the idiot is insinuating.

[Sundayjumper]

He’s talking about the end game rather than the actual tariffs. He wants a personal bribe in order to cancel the tariff. In that way, yes, the exporting country does indeed pay the cost.

As I said. It’s protection money.

[240PP]

Surely, SURELY, this is enough to boot him out now.

https://www.rawstory.com/trump-tariffs-2671678361/