When the EU retaliates. I didn't say iffffffffff but when they do which should be any day now, wallstreet will sink another 5 to 10%. As long as these tarriffs are in play around the world and as long as a trade war remains, every market will feel the chaos. Anyone who believes this trade war will have the US back on top with manufacturing and jobs here in the US is a fool. We are literally spiraling into the abyss with these tarriffs and the longer they remain the more trillions of dollars in networth around the world will be lost...
Musk does actually have a history of being against tariffs. I mean anyone with half a brain understand that they are counterproductive. Should have a free trade agreement with US. No tariffs at all either way. Elon 5 years ago. I mean it's just what any real business leader understands: ..."What’s clear is that automakers would have significantly less cash to build any new facilities should tariffs upend the industry. “Let’s be real honest: Long term, a 25% tariff across the Mexico and Canada borders would blow a hole in the US industry that we’ve never seen,” Ford’s (CEO) Farley said in his recent comments to investors."... https://edition.cnn.com/2025/03/27/...oduction-tariffs-analysis-intl-hnk/index.html
Tarriffs are extremely counterproductive and this is why I said there are many other ways to go about this than tarriff every country around the world. Tarriffs won't create any gain for anyone . It's literally a lose lose scenario
They are literally trying to tell the world this is a disastrous way of trying to get manufacturing back into the US Car sales are going to plummet. We will have millions of unsold cars around the world as prices skyrocket and job losses go parabolic. “Let’s be real honest: Long term, a 25% tariff across the Mexico and Canada borders would blow a hole in the US industry that we’ve never seen,” Ford’s (CEO) Farley said in his recent comments to investors."...
Yep totally agree. DETROIT FREE PRESS - Assessing the tariff proposal, analysts estimate new car prices, on average, would likely increase by anywhere from $1,000 to $9,000 or more. Some vehicles would be affected more than others. They also estimate that more than 165,000 autoworkers could be laid off if tariffs remain in place for any considerable time. https://eu.freep.com/story/money/ca...car-prices-layoffs-canada-mexico/78179356007/
Just think about the millions of jobs that will be lost....this is just an inkling of what is to come.... Unemployment could surge to 2020-2021 levels by end of 2026!
I play poker with some rich dudes mostly Cuban dumb F@@ckers. They are loaded from real estate, businesses etc. They also think because they are rich they know everything about any and all different businesses. Some have ventured out into other projects to fail miserably. Most have made their money through sheer luck. Right time right place. Attribution fallacy smartest people I’ve met were in the university library. Scholars with zero money. At least they sounded smart hahah
U.S. manufacturing employees earned around $103,000 on average in 2023 including pay and benefits, according to the National Association of Manufacturers, a Washington-based advocacy group. That is around four times the wage level in China and 2.5 times that in South Korea, according to ING. “One thing is clear: Moving back to the U.S. at scale to avoid tariffs is not an option,” said Steve Lamar, president of the American Apparel and Footwear Association. https://www.msn.com/en-us/money/eco...es-the-supply-chain-of-the-future/ar-AA1ClueB It's wages, dear Watson, just wages, that's all it boils down to. To bring production / supply chains back home... Either US workers need to be willing to take a 2.5 - 4x pay cut. Or US consumers need to be willing to fork out 2.5 - 4x as much as now. Well neither is gonna happen now is it.
A country needs to secure its essentials because of loyalty to its own peoples well being. US tariffs were low in the past because our corrupt gov't and commie corporations have zero loyalty to their own people. Housing and car prices are already ridiculous because of gov't overspending that caused inflation. Tariff money will support the budget, as we change our goals.
How come people on these forums are posting the information that is telling the truth that no matter how hard they try to bring manufacturing back to the USA it just will not work. I can guarantee you we will look back at this tarriff war and think wtf was this guy trying to do. This is nothing but a lose lose scenario....no body is going to win in this tarriff war. It's a nothing but a losers outcome all while consumers around the world feel the pain....