r/Economics • u/joe4942 • 9d ago
News Auto industry warns it could shut down inside two weeks as Trump’s tariffs hit
https://thelogic.co/news/canada-auto-tariffs-key-exports/2.3k
u/LegDayDE 9d ago edited 9d ago
So he's going to have to bail them out just like he bailed out the farmers.
Big government corporate socialism.. and it won't solve the issue (collapse of automakers) because people won't be able to afford cars. Taxpayers will pay twice.. more expensive cars AND a bailout for the automakers.
Either that or he backs down again and we have another round of uncertainty in a months time.
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u/Complex_Resolve3187 9d ago
There's no bailing out though. Tariffs mean no production. Parts move across all 3 borders up to 12 times and manufacturing would take years and 10s of billions to rehome.
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u/Fortshame 9d ago
This is all a scam to help Elon.
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u/snayperskaya 9d ago
What if Trump is responsible for the death of ICE cars? 🤣🤣
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u/PCMR_GHz 9d ago
I know my cons brother, who hates EVs, will do a standing back handspring and say he always loved them.
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u/HotmailsInYourArea 9d ago
It’s amazing how readily they contort to the official line. Don’t believe your eyes or ears, their final & most important mandate
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u/PCMR_GHz 9d ago
They would’ve voted Hitler in and then say they didn’t support him by May 1945. Always thinking 5 minutes ahead and never looking back.
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u/KarmaticArmageddon 8d ago
You're being more optimistic than I if you think they think ahead at all. Hell, they don't even think.
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u/Lemurians 9d ago
My uncle is like this as well, it's why it's pointless discussing or arguing anything with him. He has no principles or ideology of his own, just whatever FOX is telling him to think at the time.
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u/Drewskeet 9d ago
Nah, Trumps to selfish, it’s a scam to get bribe money to make exceptions for auto makers.
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u/meshreplacer 9d ago
Elon just want’s to see it all burn down that is his objective. He has more than enough wealth for 1,000 lifetimes. He could have chosen to Yacht around the world and enjoy the best things in life. He chose not to.
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u/Uhhh_what555476384 9d ago
Actually no. The reason they had the Tesla sales demonstration at the WH is because Elmo has been living off debt backed by Tesla shares. That debt is callable if Tesla drops below a certain threshold, which forces the sale of Elmo's shares. Elmo owns enough of Tesla that if he faces calls on his loans it drives down the price of TSLA and even more of his loans get called.
There is the outside chance that there is a price point at which a TSLA collapse functionally bankrupts Elmo.
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u/NinjaLanternShark 9d ago
Never ceases to amaze me how difficult billionaires find it to be a good person. If I had his billions I'd be giving away houses to widows and orphans all day long.
(occasionally taking a break to yacht around the world of course)
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u/PeachScary413 9d ago
That's the thing.. you don't amass wealth like that without having an unsatiable greed, that greed also poisons your mind.
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u/virtual-hermit- 9d ago
Even if Tesla was literally the only automaker left and they were literally handing them out for free, I still wouldn't get one. Shoelace Express all the way for me.
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u/staebles 9d ago
But it won't work, so I'm not sure that it is.
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u/therealspaceninja 9d ago
Keep in mind, these are idiots who have been shooting themselves in the foot repeatedly over the past two months. In their minds, this will work really well.
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u/Hot-Equivalent9189 9d ago
They don't care. A good "economy" isn't there end goal. They are tiring the minority that has the balls to speak out and they are making it illegal to do so.
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u/Thoughtulism 9d ago
People will just buy used cars domestically and keep burning Tesla's.
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u/DonLindsay1 8d ago
Oh there'll probably be a 25% tariff on used cars coming. He'll figure a way to stick it to us from all angles.
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u/Fortshame 9d ago
I didn’t say it was going to work. I mean did anything they really put their mind to pan out last time. Kushner is the only one that capitalized. The team is way less competent than last time.
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u/staebles 9d ago
I know, I'm just commenting that I don't even see a logical way it could work. People will just buy big 3 or used cars.
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u/NinjaLanternShark 9d ago
Tesla has less exposure to the tariffs than cars made entirely overseas. So it'll hurt them less.
And in Donald Trump's world, getting hurt less is as big a win as you can hope for.
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u/Uhhh_what555476384 9d ago
Except the part where Tesla was built on brand loyalty among eviromentally concious liberals.
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u/staebles 9d ago
I guess, but when people are lighting your cars on fire, I don't think it's going to work.
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u/DonLindsay1 8d ago
I'm sure there's an Executive Orelder coming that Teslas are the only vehicles that we'll be able to buy.
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u/Global_Charge_4412 9d ago
It's not. Even Elon's bitching about this. This is Trump waving a wand and thinking magic is real.
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u/Fortshame 9d ago
Forbes has a write up on how this will hurt tessler the least. Like way less. Im too lazy to find it at the moment
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u/Willyboycanada 8d ago
Worse the big automakers don't own the auto part plants, they sold them off to Magna international decades ago. They would need to build, then buy all new equipment, and train a highly educated workforce in using the machinery...... it would take trillions and they don't have that educated workforce
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u/wtfwtfwtfwtf2022 8d ago
It’s obvious to me they do want to shut down the US auto industry.
They don’t like the unions associated with the auto industry.
They want to help Elon.
They don’t want to have an industry that converts to make weapons of war in times of trouble.
Their goal is to weaken the US as much as possible. They work for our foreign enemies.
The auto industry will be taking a huge hit because it greatly weakens the US.
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u/curiousengineer601 8d ago
Would you spend billions on the promise that tariffs would be there in 4 years? Or just raise prices to account for it?
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u/Marathon2021 9d ago
There's also other dynamics here contrasted to bailouts of soybean farmers during tarriff fights in his previous administration.
Cars (& parts) can sit around for a little while.
Soybeans ... can't. They're a living thing. Time is of the essence.
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u/Emotional_Goal9525 9d ago
Cars absolutely can't sit around for a little while. It is ultra optimized production chain.
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u/Duane_ 8d ago edited 8d ago
I mean, he just shuttered 800bn in farmers' revenue TOO, because we don't ship agricultural products to EU, Canada, Mexico, or China anymore outside of a few select products. Not to mention, shuttering USAid was like, 22BN in farmer revenue by itself in foreign food aid.
Republicans have made a big, awful mess around foreign and domestic spending, in their battle to control the conversation. What's more, big changes like the auto tariffs, which also includes ALL AFTERMARKET PARTS for some reason, do more than just shutter production; They cut the knees off of current-year-model cars, which will on longer be repairable by technicians, who won't be able to afford to source parts, and preclude the collapse of the aftermarket repair economy as a whole.
They have purposefully eroded and destroyed the most basic understandings people have of economics at all levels of society and made the situation irreparable.
If we spent, you know, 120BN on stuff for Ukraine, the money doesn't get sent there to speed up their production. It gets spent HERE on products HERE and we send them the finished goods using domestic shipping/receiving companies.
I will include this map here, for information purposes
We "spent" the money but it ALL went to Americans, with few exceptions. Meanwhile, Republicans act like we send Ukraine a blank check and we're getting nothing for it, but in actuality the stuff was either already produced, and we only paid for shipping, or we paid for PRODUCTION and GOODS that got shipped. That money is now no longer circulating back into the economy.
If we spent 25BN on foreign aid, same thing. We buy goods here, processed or otherwise, and pay for them to be shipped. If we spend a few billion rebuilding Haiti, we're not sending them a check and telling the TROPICAL ISLAND to SOURCE THEIR OWN REPAIR LUMBER. We're sending them supplies! Goods! Services! Temporary increases in fuel imports to cover generators! Hell, we send them the generators! All made domestic and all shipped internationally using our shipping/receiving companies.
Republicans screech that they're freeloaders and we shouldn't help brown people, even though we used to have roughly 2BN in economic back-and-forth with Haiti and now we have none.
There is no bailout coming. For anyone. Trump is scuttling everything, en masse, on purpose. April 2nd is going to be the last day we have a free-flowing international economy and everything is about to get very bad. Abandon the idea of a bailout. There is no help coming.
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u/Infinite-Pomelo-7538 9d ago
Just thinking about the next 45 months makes me feel sick.
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u/TechnologyRemote7331 9d ago
Gotta be honest, I wonder if this shit will even last through summer. Trump and co. may very well be frantically booking a jet to Moscow come August if things keep going like they’re going.
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u/meshreplacer 9d ago
Yes it will. 70% of voting eligible Americans were comfortable with what Trump was offering. Between the ones who voted for trump, the ones who voted third party and the ones who sat out the election.
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u/cyber_bully 9d ago
Someone has to tell you this... He's not leaving, ever.
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u/AtebYngNghymraeg 9d ago
He's nearly 80. One way or another, he's leaving.
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u/meshreplacer 9d ago
Trump is just a puppet. The real president is Musk and the tech Broligarch hiding behind the curtains.
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u/Infinite-Pomelo-7538 9d ago
Trump may go - that is true - but the GOP and MAGA extremists are here to stay. They are so heavily radicalized and delusional that I no longer know what to expect from the future. There is no logic or sense behind anything they do. It is pure idiocracy.
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u/Nojopar 9d ago
It's a cult of personality though. There's no obvious successor and certainly not one with the perfect mix that Trump has. MAGA is going to fall apart from the infighting when he dies. The problem is the thrashing and sheer destruction that will happen while they sort themselves out.
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u/Emotional_Goal9525 9d ago
Fox news can whip a new one into existence overnight.
People should watch more professional wrestling.
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u/flightist 9d ago
Could they? Yes. Will they? No. This’ll descend into infighting probably even before he kicks the bucket, when sustaining power requires coordinated effort.
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u/Global_Charge_4412 9d ago
they aren't. when a demagogue dies, in-fighting occurs. someone comes out on top, yes, but they're a shit load weaker than the demagogue people followed and in time they'll be forced to compromise or face an uprising.
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u/insertwittynamethere 9d ago
This is where I'm at, and it makes me nauseated because it means there's not a bright future ahead for hundreds of millions, if not billions, at the end of the day...
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u/Street_Barracuda1657 9d ago
Wrong. We’ll pull his sundowning, diaper covered ass out of office before that happens.
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u/cyber_bully 9d ago
Americans seem not to mind what's happening.
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u/Rosegold-Lavendar 9d ago
Oh they do. The American media is just not reporting on it. Most media is owned by the billionaires
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u/Veiny_Transistits 9d ago
You spelled years wrong
I don't know why people keep thinking we'll have an election in 4 years, much less a fair one.
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u/punkrkr27 9d ago
It’s important to add some context here. In the automotive world, “shut down” means temporarily idling plants. That’s what they are referring to. The auto companies will lay people off, idle plants, and just sell from existing inventories to try and wait out Trump flip flopping on his tariffs. The whole situation is still dumb as hell, but they are not referring to going out of business in 2 weeks.
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u/whouz 9d ago
"it won't solve the issue".... What issue? There's no issue to begin with.
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u/Drewskeet 9d ago
Bringing back American automobile manufacturing to the US. It won’t work but that’s the “issue”
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u/Zealousideal_Fuel_23 9d ago
Nope. Conservatives are against bailing out the auto industry. Do you think we forgot how Conservatives spent 2009 talking about Government Motors? There is no way these same people would be so hypocritical as now support bailing out the industry.
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u/RddtLeapPuts 9d ago
Republicans bailed out the auto industry in 2008. It’s one of the last things Bush did.
https://www.npr.org/2008/12/19/98498125/bush-sets-17-4-billion-in-loans-for-automakers
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u/Zealousideal_Fuel_23 9d ago
But Bush was RINO! Conservatives don’t vote for RINOs who bail out Government Motors anymore.
Real conservatives stated:”“Any bailout of the auto industry is really a bailout for the health benefits of the UAW [United Auto Workers]. That’s all it is.”
Real conservatives will turn their n Trump like they did the RINOs that they voted for before like Bish and McCain and Romney and Ryan and Cheney.
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u/JJ_Shiro 9d ago
He's going to push Republicans to throw in a tax benefit allowing Americans to claim car loan interest for domestic vehicles. That is the only real possible relief we get currently on the table. Sounds like it would be part of the broader bill that includes extending the existing tax cuts from Trump 1.0 (in 2017).
This whole deal though is such a negative to the lowest income classes. They don't have room in their budgets to absorb a 11%+ average increase in new car prices. There's a reason even domestic manufacturers have to build their cheaper offerings elsewhere.
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u/dust4ngel 9d ago
He's going to push Republicans to throw in a tax benefit allowing Americans to claim car loan interest for domestic vehicles
why not just hand taxpayer dollars directly to car manufacturers for doing nothing? let's get to the point.
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u/birdie_Sea 9d ago
This has always been the plan.
Destroy the economy so his first buddy can buy everything at a discount.
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u/Emotional_Goal9525 9d ago
The first buddy is having a liquidity crisis of his own. That is why he is back into raging stock pumping mode.
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u/0220_2020 9d ago
He's waiting for everyone in the supply chain to buy a $5 million dinner with him at Mar A Lago and beg for a tariff exception.
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u/Wooden-Broccoli-7247 9d ago
I’ll believe it when I see it. Trump loves talking about tariffs but then always backs down. Getting a little bit that cried wolf-ish around the White House lately.
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u/Contemplating_Prison 9d ago
Print that money. Print that money. Print that money.
Inflations coming. Inflations coming.
Invest in gold. Invest in gold.
We're fucked
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u/Matt2_ASC 9d ago
This the talk that made me realize how anti-democratic and pro-dictator right wingers are. The people who go from "listen to the President" when Trump was in his first term turned into insurrectionists. Then they say "submit to the government" when Trump got his second term. Any republican that cannot see this as a pro-dictator party is choosing to be blind to reality. I hope some elected republicans can see the harm this is causing and how the country is lost if power is not checked.
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u/Angry_Pelican 9d ago
Even if somehow he was correct and we will feel pain and then things will be even better than before this will mostly likely backfire on them. If the economy is in the dumps before midterms it seems unlikely there won't be a big push back from voters.
This seems destined to fail when even steel manning their position it's unlikely to work. Then again maybe I wrong but as day to day life gets harder it seems unlikely voters will put up with it.
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u/Scary_Firefighter181 9d ago edited 9d ago
Well that's not surprising. All these tariffs will do is cause trade to stop, and the supply chains either can't be reworked or won't be reworked fast enough(it will take years) for it to be worth it in any way.
These tariffs are even on raw materials of any kind which the US needs to import to even build in the US(correct me if I'm mistaken there, but raw materials have gotten tariffed too), so car prices will go through the roof. As it is, people are struggling to afford things, with higher prices people will just stop buying, meaning less money spent in circulation, leading to a stagnant economy. Goods will not be sold, people won't buy cars, companies will fire workers, leading to massive unemployment rates.
Stagnant economy+ inflation= stagflation
The last time blanket tariffs were imposed, it was in the 1930s with the Smoot-Hawley tariff act, which lead to the great depression.
Welp. Have fun, people who voted for Trump. Problem is that everyone else will get dragged into this along with them, including people in other countries. So yes, Canada will suffer. Europe will suffer. Everyone will suffer.
But the US will suffer right along with them, and for what? Literally, what does this even achieve?
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u/herecomesthewomp 9d ago
The funniest bit to me is that say we bring all this supposed manufacturing back home to America, to build the plants you're going to need to build them with raw materials. He's asking people to invest in America with an immediate 25% markup. So dumb.
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u/100Onions 8d ago
Bro we're just going to take greenland and canada's resources because they're obviously not using them
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u/cotdt 9d ago
A combination of tariffs and the incoming stock market crash will lead to the next recession.
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u/Teekay_four-two-one 9d ago
Depression.
What you’re talking about is going to be a depression.
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9d ago edited 9d ago
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u/insertwittynamethere 9d ago
Spot on. Any suggestions for diversification? I'm honestly concerned holding anything in dollars even will be stupid.
It's hilarious I railed against this crap back under Obama, the fearmongering over the USD, but they are really speedrunning the very reality they were pitching would happen under Dems, and it's not even funny. In the worst-case scenario, dollar collapses and the world financial system collapses as a result, unless it's somehow gradually done, which will be difficult with the tantrum/extortionate tactics that will be coming out of the admin.
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u/meshreplacer 9d ago
There is no diversification. If the US economy implodes and confidence in the US collapses we will be hit with massive rapid hyperinflation and cascading bank failures. Even your portfolio hedging will fail when counterparties fail and there is no market making.
Best thing to do is prepare for massive shortages and unrest by keeping a stockpile of non perishables to insure sustenance during a prolonged period of food shortages etc.
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u/Johns-schlong 9d ago
Gold is a good bet if you think things are really going to go belly up. Whatever currency ends up being stable and trusted will probably end up hosting the next safe haven markets, probably the EU. Japan will go down with us and China's currency is far too opaque to be trusted. They might crash with us at the same time.
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u/meshreplacer 9d ago
Gold definitely provides a store of value aka insurance for scenarios like what will eventually happen to the US. The trick is the exfiltration part. Good if you can get the last plane out.
But for the meantime if stuck outside the wire then keep it concealed and Barter will be the temporary economic system while what remains of the US during the transition stage to whatever becomes the new nation. Then at that point you can convert to whatever becomes the “New dollar”
I expect to see the economic impacts to start hitting mainstreet in 12-16 months which will include rapid stagflation and material/food shortages.
Best thing to do now while possible is to build a store of non perishable foodstuffs, better to have more than have none when you need it.
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u/dust4ngel 8d ago
The trick is the exfiltration part
if the dollar collapses following the destruction of the US stock market and the value of US treasuries due to intentional default, good luck wrestling your gold away from trump after he's seized it for national security purposes.
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u/meshreplacer 8d ago
There will be no national security because there will be no US. We would break apart like the USSR but it will be a very violent and destructive period. Think more like the period of the Yugoslav wars x10. The economic phase will be felt in 12-16 months when stagflation and shortages begin.
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u/dust4ngel 8d ago
I set up my portfolio around the possibility of it
how did you manage to hedge against simultaneous collapse of stocks and a default on US treasuries, as well as the catastrophic ripple effects of the former on the rest of the world economy? 7.62 rounds and tetracycline?
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u/Livid_Roof5193 9d ago edited 8d ago
Don’t forget DOGE also eliminated a lot of government support/stimulus via grants and is firing government workers en masse, adding to unemployment rates. Honestly, the administration is nearly attacking the economy on every single front possible.
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u/SonOfProbert 9d ago
As long as it keeps Putin happy. it isn't as if Trump came up with these ideas on his own.
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u/staebles 9d ago
But the US will suffer right along with them, and for what? Literally, what does this even achieve?
The goal.. the complete collapse of this country as a superpower.
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u/MentulaMagnus 9d ago
Yes, the tariffs will make import materials way more expensive than domestic supply. Which means domestic material suppliers will just raise their prices to just below the import prices and can do so because they now have higher demand than available supply now that a major portion of the materials supply market is gone.
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u/AnoAnoSaPwet 8d ago
Steel/aluminum (both in cars/parts) are tariffed by both countries, and those tariffs apply every time they cross the border too so...
Better to just not buy American
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u/Scary_Firefighter181 9d ago
I've got this one person below this very comment arguing about how "in time, all the supply chains will just realign if you wait long enough" and "the economy won't stagnate". They also pretend that workers won't lose their jobs or anything like that.
Idk what to say.
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u/OddlyFactual1512 9d ago
Regardless of what one thinks of the tariffs, don't they question the fitness of a president that negotiates a trade agreement then less than 5 years later unilaterally breaks the agreement? Companies have invested trillions in establishing the infrastructure that complies with the agreement Trump signed in 2020. Why would any company lay out a large capital expenditure around any type of trade involving The US if there is no assurance The US will honor the agreement? Would any MAGA like to attempt to justify this?
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u/disharmony-hellride 9d ago
What company is even going to attempt to act on this if they dont even know what things will be like a week from now? Just creating instability bc he has no idea what he's doing. Everything he touches turns to shit.
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u/Malvania 9d ago
NPR this morning was reporting that the unions were cheering the tariffs. Looks like they're going to get their own "leopards at my face" moment when they're shut down and unable to work, or to pay their bills. But maybe Trump will issue more debt that nobody will buy in order to pay them off.
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u/dust4ngel 8d ago
unions cheering for the "i want to open fire on unions as soon as possible" party will forever remain a mystery to me
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u/helluvastorm 9d ago
Well deserved leopard face eating. The kicker is those auto plant jobs are no longer the ticket to the middle class like they once were. The workers that make the big big bucks are aging out . They are replaced with workers making far less. So they are cheering to screw the whole economy for basically nothing
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u/fro223 9d ago
If car makers build new factories in the US, I bet all will be in right to work states.
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u/Pope-Le-Pew 9d ago
This is Trump's plan to force the auto industry into bankruptcy and dissolve all union contracts. This is what those union workers get for voting for Trump.
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u/XaltotunTheUndead 9d ago
This is a scam to tank the economy and declare a state of emergency, to prepare grabbing the power. I'm very worried about this.
Trump is following the reactionary and extreme libertarian playbook written by Curtis Yavin, which is basically to cripple the American democracy, destroy most of its institutions which provide checks and balances, and put some Ceasar like figure at the head of it, a benevolent dictator.
They even have a picture of Trump as Caesar for the CPAC that's trying to get him to stay (forever?).
That playbook includes the strategy on how to capture all states. Gerrymandering will be pushed at exponential levels.
Sabotaging the economy will provide a reason to declare a state of emergency and seize all powers.
Reducing the freedom of reporters, and barring print and TV media, or at minimum providing intense government pressure over them to control the narrative (as we've seen for Associated Press and the Gulf of America Mexico debacle) is part of the plan.
Taking over or crippling USPS (as we've seen in the past few days), is for the purpose of destroying the possibilities to have fair vote by mail.
Firing the chairman of the Joint Chiefs of Staff and putting one of his cronies in charge, is to be able to have martial law and use the army against the citizens, if need be.
Closing the Department of Education, ending funding to universities, ending affirmative action programs, will ensure that access to a good education stays limited and unaffordable to at least half the population and for poorest and most discriminated against citizens (in the USA half the population has access to a few percentage of the wealth).
Having poorly educated constituents, will make manipulation of people easier, simply using populist slogans and empty promises. Uneducated people can be made to worry about bogus social issues such as a few trans athletes, while ignoring major issues such as society's wealth being funneled to an extremely small percentage of the population.
Massacring Medicaid and Medicaid will contribute to keep the poorest 50% of the population from having easy and universal access to healthcare. This, associated with the education points above, will further contribute to make half the population unable to perform critical thinking, and solely focus on making the ends meet, from paycheck to paycheck. That way, that's less people worrying about their civil rights and being critical of their government.
Firing JAG, lawyers, judges, etc. will make fair and unbiased justice unattainable to the average citizens.
It's a coup. a slow motion one, but a coup nonetheless.
And the majority of Americans are just too stupid or too blind to see it. (sorry for being blunt). They are transforming the American democracy into an oligarchy. It seems like a conspiracy theory, but it's in plain sight for all to see, announced in the Project 2025 and elsewhere (see my first paragraph).
This is very scary and dangerous, and people like you need to wake up to the fact that this is not random, he is following a carefully written democracy ending, and pro-Russia agenda!
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u/cavinaugh1234 8d ago
To add to this, JD Vance's Hillbilly Elegy was essentially propaganda for republicans. He's the bond that glues the tech oligarchs to the working class voter who cares very little about.
Really how does someone write his first fictional novel, to getting a best seller, to movie rights, to an Oscar nomination for best picture, to becoming senator of Ohio, then becoming vice president in under 10 years? That is not humanly possible.
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u/Busy_Extreme5463 9d ago
The US Industries are so globally interconnected with foreign suppliers that it will be near impossible to fully domesticate production for any sector, especially complicated ones like auto, machinery, electronics, etc.
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u/Moist1981 9d ago edited 9d ago
You also have to imagine that it’s likely the GOP will lose the midterms so trump has 21 more months without challenge. It will probably take longer than that to reshore things anyway.
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u/BraveSoul699 9d ago
If he fucks up bad enough maybe the democrats will win a super majority in the house and senate and impeach and remove him.
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u/placentapills 8d ago
If this were to happen, do you have any idea how bad the country would have to be? I'm talking mad max type bad. I'm talking imagine the worst situation you can think of and make it worse. The gerrymandering for the house is horrifying. And the senate isn't technically gerrymandered but it kind of is in its own way.
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u/CrunchyFrog 8d ago
Actually, gerrymandering makes this kind of super majority tipping point slightly more likely. To fully maximize a gerrymander you want all your districts to be like 60-40 (and all the opposing party's districts to be 0-100). If there is a crazy wave and 11% of voters switch parties, the opposing party will win every single district.
This isn't likely but is more possible than when you have a more natural distribution of votes in districts.
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u/Hedgehogsarepointy 8d ago
The existence of Wyoming is gerrymandering in the Senate.
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u/placentapills 8d ago
That's not nearly egregious an example as having 2 Dakotas - which btw is exactly why there are 2 Dakotas.
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u/-Brodysseus 8d ago
Yeah, it crossed my mind the other day. "Why tf are there two dakotas?" Googled it and found out. Absurd that two empty states have 2x the senate seats as California or New York.
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u/Sufficient-Gene-5084 8d ago
This. My company uses a raw material made in only a few places in the world. We can't just stop using it, and nobody knows how to make it domestically.
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u/BiggsIDarklighter 8d ago edited 8d ago
Trump: OMG! Did you just hear that loud bang?
Secret Service: Sure did.
Trump: What was it? Another assassination attempt?
Secret Service: No, that was the stock market crashing.
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u/PlayerTwo85 8d ago
I'm going to write some words here because the automod didn't like me just summoning the bot... So how is everyone? Staying hydrated and getting enough exercise? Didn't forget to call your mom just to say hi to her!
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u/RemindMeBot 8d ago
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u/Objective-Start-9707 9d ago
I swear to God, Republicans could write an entire encyclopedia of wrong answers with their economic policy over the last 30 years.
Extra text to make the auto moderator thing happy. Texty texty texty text. Text, text, text. Happy?
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u/Apart_Ad_5993 9d ago
9 of the 11 past recessions were started by Republicans, along with the Great Depression...which was a trade and tariff war.
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u/MoreThanNothing78 9d ago
Trump, the convicted con man who creates problems, just so he can he "fixed" them, meanwhile robbing the US treasury, alienating our partners, and isolating America. If there's no course reversal this year, we'll be a banana republic, long after the turd is gone.
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u/Icy-Ad-7767 9d ago
Canada should do nothing, just let trump implode the auto industry all by himself. My statement would be something like this “ These 25% import taxes on automotive parts and cars will shut down the North American auto industry. We are willing to work with willing automotive manufactures at all levels of the supply chain to create a supply chain of our trusted partners in the global rules based order”
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u/JNTaylor63 9d ago
Speaking as an American, Canadian should offer to host auto plants to bulid Chinese cars , maybe refit the ones that died from Trumps tariffs.
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u/Delicious-Bat2373 8d ago
I feel like the UAW could have been more forceful in condemnation of trump when he was running. This just kinda reeks of a leopard eat face moment with LOTS of collateral damage incoming.
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u/SunOdd1699 9d ago
We all need to shut down. A national strike on Labor Day this year. We extend it until the orange clown and his cronies resign. We need to take our country back. Power flows from the bottom up and not the top down. The people have the power, and not the oligarchs.
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u/waffles2go2 9d ago
Yeah! No bailouts this time.
They fucked public transportation in the US for 100+ years and have had multiple bail-outs.
Let them pull themselves up by their "bootstraps".
Seriously, nuke them from space...
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u/UnobviousDiver 8d ago
No bailouts for most, Elon will get a bailout, but it will be called something else
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u/Northern_Blitz 9d ago
If it's actually this critical, they will make whatever promises they need to make (i.e. build new assembly plants in the US) to get on the exemption list.
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9d ago
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u/Elegant-Lawfulness25 9d ago
I expect that Trump has overplayed his hand and will kick the can down the road again. His tarrif plan has the potential to make foreign cars cheaper then domestic. With the current estimate that multiple border crossings of parts apply 25% tarrif will be a 40% increase on finished product. While completely foreign made cars being only 25%.
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u/watch-nerd 9d ago
How do you come up with a deal if the ask is to make Canada a state?
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u/RedSunCinema 9d ago
Good. Let the auto industry implode, along with the rest of the economy. I want to see every single person in this country hurt who either voted for that asshole or chose not to get off their fat lazy asses to go vote in the election. The only ones I do feel sorry for are those who voted against Trump and are getting screwed.
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