US Elections (& Politics) :)

Ford Execs Praise Trump’s Auto Tariffs: ‘We Are No Longer Disadvantaged’ for Making Cars in America

Executives at Ford Motor Company are praising President Donald Trump’s expanded auto tariffs, saying such duties will ensure that manufacturing in the United States is no longer a disadvantage for American companies.​

Last month, Trump announced a 25% tariff on imports of medium and heavy-duty trucks and truck parts, such as large pick-up trucks, moving trucks, cargo trucks, dump trucks, and tractors for eighteen-wheelers.

In a recent earnings call, Ford CEO Jim Farley thanked Trump for the newly announced tariffs on foreign cars and car parts.

“I’d like to thank President Trump and his team for the recent tariff policy developments, which are favorable to Ford as the most American auto manufacturer,” Farley said:

In addition, tariffs leveling the playing field for those imported medium and heavy-duty trucks is a positive for Ford because we are no longer disadvantaged for building every single one of our super duty trucks here in the United States. [Emphasis added]
Likewise, Ford placed an ad campaign in several newspapers backing Trump’s tariffs and vowing to continue building their cars in the United States.

“At our assembly plants in Michigan, Missouri, Kentucky, and Ohio, tens of thousands of [United Auto Worker] members put their expertise and pride into assembling Ford F-series trucks,” the ad reads. “In an era of complex supply chains, our commitment to the American workforce is unwavering. We believe the backbone of our economy is supported by American workers.”

(Excerpt) Read more at breitbart.com ...
 
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Buy a house at 18, still not finished paying it off at retirement age of 67.

Sounds like a great deal for loan companies, 50 years of payments and interests.
I wonder if anyone has done the math on what the interest cost would be on 50 vs 30?
I remember my first and only mortgage, back in 1990 we paid 9.5% interest on a 30 year mortgage, by the end of 30 years we would of paid triple the purchase amount of the house. We were able to pay it off in 22 years, which came to about double the price we bought the home for. We took advantage of an early payoff plan the Mortgage company offered where we paid about $50-75 more a month and made 26 (bi-weekly) payments a year instead of monthly.

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Wow, those 20 more years is a Killer

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It's actually worse than that... mortgage interest rates are higher if the loan term is longer... tack on another quarter or half percent to that 50-year loan rate and see how the monthly payments compare then... the art of the deal LOL


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