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.

View attachment 232077
Wow, those 20 more years is a Killer

View attachment 232078

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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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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:


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 ...


Feel good story

"But CNN admitted that auto “companies have not passed on the increased tariff costs to consumers, at least not directly.”

Because like many industries and companies affected by tariffs. they are playing a wait n see game with Trump. He changes his mind frequently on tariffs and has done a lot of backtracking (farmers, now cattle, tons of "exemptions")
So do you immediately raise the price of your goods to the US consumer and potentially lose customers or do you suck it up for a quarter and wait and see what changes or "exemptions" may come?
This is just smart common sense business.

The added costs are there, you just aren't seeing all of them...yet.
 
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Feel good story

"But CNN admitted that auto “companies have not passed on the increased tariff costs to consumers, at least not directly.”

Because like many industries and companies affected by tariffs. they are playing a wait n see game with Trump. He changes his mind frequently on tariffs and has done a lot of backtracking (farmers, now cattle, tons of "exemptions")
So do you immediately raise the price of your goods to the US consumer and potentially lose customers or do you suck it up for a quarter and wait and see what changes or "exemptions" may come?
This is just smart common sense business.

The added costs are there, you just aren't seeing all of them...yet.
They may not if they get more Sales. My brother has been in the industry for over 40 years, he did mention that if parts cost more then that may be a factor...
 
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Unless you've been following real world developments outside of Faux News with regards to Trump, his waning support among Republicans and MAGA, and economic report after report showing the economy slowing, along with alarm in the GOP over last week's election fiasco, you may have missed the rather large attitude change in Trump these past 4 days.

All of a sudden, in the past 4 days, there's an obvious focus coming from the administration on domestic issues
  • suggesting 50yr mortgages to reduce payments
  • suggesting 15 year auto loans, to reduce payments
  • suggesting $2000 stimmy checks from ... tariff money*
  • suggesting a reduction in tariffs toward S American countries to reduce the skyrocketing costs on coffee and beef
  • suggesting giving ACA subsidies directly to consumers
  • pushing a Door Dash report vs actual government economic inflation reports on the state of the economy because the real numbers are horrendous

Each of these could easily be an entire thread in the forum, but the point is that these ridiculous red meat ideas, which obviously havent been very well vetted or thought out, show that Trump got the memo on losing support in his base. Flinging shit against the wall to see what sticks is a lazy way to run domestic policy.

I'll give him credit for acknowledging that he has a problem, but instead of using his Marketing/Poll based Quick Reaction Force (consisting of a lot of grifters in his immediate circle which seem to be running policy issues), he'd be better served actually spending some time on real solutions to domestic issues and less on bombing outboard boats and explaining why we need to give $40 Billion to Argentina, $40 Million p/wk to the Taliban, building military bases in Gaza to support hotel development, and inviting former terrorists to the White House.
 
  • Wow
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They're laughing at you :rofl:

So the bill to reopen the government has hit a snag.

Seems 8 Republican Senators snuck a provision into it to award themselves each $500,000 because the then Democrat FBLie investigated them as part of the J6 situation.
I guess they got the idea what would be OK because Trump is suing the US government for $230 Million for investigating him. :idk:

Marsha Blackburn, Lindsey Graham, Bill Hagerty, Josh Hawley, Dan Sullivan, Tommy Tuberville, Ron Johnson, and Cynthia Lummis all looking for a nice payday with your tax dollars.






Crib notes for those who need them

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^^^ LYING, THIEVING CROOKS, EVERY # $ %@ ONE OF 'EM!!! :angry:
 
Good news!
(Unless you’re counting on tariff revenue to solve every fucking economic problem that comes along and spending it 2x-3x times)

Trump has himself in a box. Tariffs are supposed to be the saving grace, paying down the debt, stimmy checks, etc etc.
But every time word gets out about them hurting US business or the consumer, or he gets pushback from big exporters like China, he repeals them.

Can’t have it both ways…

 
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I worked with a 50 year old electrical engineer from India...heckuva nice guy but he couldn't replace the ballast in a fluorescent light fixture (couldn't figure out the printed wiring diagram on the multi-tap ballast for 277 volt).

But to be honest, incompentency exists all over and with all races....some people are just excellent test-takers and IMO their degrees and certifications are worth about as much as the paper they're printed on.
 
Good news!
(Unless you’re counting on tariff revenue to solve every fucking economic problem that comes along and spending it 2x-3x times)

Trump has himself in a box. Tariffs are supposed to be the saving grace, paying down the debt, stimmy checks, etc etc.
But every time word gets out about them hurting US business or the consumer, or he gets pushback from big exporters like China, he repeals them.

Can’t have it both ways…


Yeah, that was pretty stupid.....placing tariffs on something you cannot grow in the U.S. of A....especially something like coffee.

I cannot imagine what would have happened to the price of cigarettes if we didn't grow tobacco here. :headbang: