Toyota car prices to increase?
03-04-18 | 06:13 PM
#61
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How in the world would this happen. Just think about it.
And again, even I as EU citizen would benefit since for instance Lexus could export RX and ES to the EU and make my purchase $5k-$10k cheaper, or for instance Tesla's would be up to $15k cheaper in many EU countries.Cadillac would have a fighting chance to sell decent number of vehicles in EU. MB and BMW could chose to export some of the cars that sell better in the US to the EU as well.
And again, even I as EU citizen would benefit since for instance Lexus could export RX and ES to the EU and make my purchase $5k-$10k cheaper, or for instance Tesla's would be up to $15k cheaper in many EU countries.Cadillac would have a fighting chance to sell decent number of vehicles in EU. MB and BMW could chose to export some of the cars that sell better in the US to the EU as well.
03-04-18 | 06:41 PM
#62
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I guess as Trump likes to brag that he's the smartest man in the room. Then you have people like Gary Cohn and Steve Muchin who one would think have a better grasp on this subject and they are against this. First it was bringing back all the coal miners job so all those poor rural folks can get off well-fare and begin working again. Now it's the steel industry where many had to close down due to their inability to stay competitive and or implement newer technologies.
What do we do with Canada with whom we have a trade surplus with? This like the TAX law will only benefit the already wealthy. The lower Corp tax was also to boost the economy and bring back jobs and or hire more Americans. Yet we have corporations still announcing plans to lay off Americans and instead increase bonuses and dividends to major shareholders. More of the same here, this will not benefit the working class.
What do we do with Canada with whom we have a trade surplus with? This like the TAX law will only benefit the already wealthy. The lower Corp tax was also to boost the economy and bring back jobs and or hire more Americans. Yet we have corporations still announcing plans to lay off Americans and instead increase bonuses and dividends to major shareholders. More of the same here, this will not benefit the working class.
03-04-18 | 06:50 PM
#63
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From: RightHere
Well I guess we don't know quite yet how much Toyota is going to increase prices if all of this goes through, lol. Really this thread should just be moved to the debate forum and changed to "Tariffs - Globalists vs Protectionists".
03-04-18 | 06:54 PM
#64
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I'm sure that Trump and Trudeau will have a meeting, either in Washington or Ottawa, and discuss that. The two of them seem to get along quite well.
Incorrect...the tax law will benefit many lower-income taxpayers, particularly those with standard deductions, which will virtually double. They will have a significant reduction in their tax liability, even with the loss of the personal exemptions. The ones who are going to lose are the middle-income people who itemize and previously had the $4000 exemption on top of it, which will be gone (I myself am in that group). Also, those who itemize more than $10,000 in property-tax deductions will lose.
Sure, there are some cheapskate companies out there....always was, and always will be. No one is claiming any different....even those who sponsored the bill. But, many, if not most, companies are giving their employees tax-cut bonuses, and those who don't will get enough bad publicity that their business could suffer from public opinion.
This like the TAX law will only benefit the already wealthy.
The lower Corp tax was also to boost the economy and bring back jobs and or hire more Americans. Yet we have corporations still announcing plans to lay off Americans and instead increase bonuses and dividends to major shareholders. More of the same here, this will not benefit the working class.
03-04-18 | 06:58 PM
#65
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03-04-18 | 07:12 PM
#66
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Right now the MSM and the globalists are on a big PR pushback so that's why there's a lot of handwringing going on with all sorts of angst. But Toyota has yet to tell us how much of an increase this will amount to. They knew what the President stood for and a multi-billion dollar corporation does its research during elections to find out what an administration might be thinking.
03-04-18 | 07:32 PM
#67
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It is not just Toyota. It is everyone who makes cars. So let’s say it is $100 per car for all US cars sold. Doesn’t seem like a lot, if you multiple that by 17 million units sold, then it becomes a big number. And add in all the items that are made by steel, you get a very large number. Perhaps astronomical. The new issue is that where does this money come from? It has to come consumer spending from other industries. Or perhaps it does not and less cars get sold. Either way, someone loses.
03-04-18 | 08:24 PM
#68
A good example of a true manufacturing complex was Ford's famous River Rouge plant, which produced almost everything a new vehicle needed, right there, on the complex. About the only exception was the rubber for the tires...and Ford once even owned rubber-plantations in the Amazon and Southeast Asia.
I dont see how society benefits if BMW 3 series or Audi A6 have 2.5% tariff in the US while US cars have 10% tariffs in EU. End result is that almost nobody is exporting vehicles from the US while there is a huge trade imbalance due to imports from EU.
So hows that benefiting the society? It is not benefiting US society thats for sure.
You need to stop looking at it from being "against Trump" perspective.
If US had same tariffs as EU nothing would happen to the society. More BMWs made in the USA would be sold in this example. And US would have a way to negotiate with EU to cut all import tariffs between two "countries", thus enabling US to also export vehicles - for instance all those Lexi or BMW's or Teslas would be then cheaper to import and afford for us EU citizens.
Just like whats happening between EU and Japan. Both "countries" have high import taxes. Now they are negotiating to cut them completely on many goods.
Why is that happening? Because EU wants to be able to export cheese to Japan.
If Japan had no import duties on EU cheese, then EU would never be interested to cut 10% import tax for Japanese vehicles.
I am all for cutting all the import/export duties completely but a good government would work on that being reciprocal and not one sided.
So hows that benefiting the society? It is not benefiting US society thats for sure.
You need to stop looking at it from being "against Trump" perspective.
If US had same tariffs as EU nothing would happen to the society. More BMWs made in the USA would be sold in this example. And US would have a way to negotiate with EU to cut all import tariffs between two "countries", thus enabling US to also export vehicles - for instance all those Lexi or BMW's or Teslas would be then cheaper to import and afford for us EU citizens.
Just like whats happening between EU and Japan. Both "countries" have high import taxes. Now they are negotiating to cut them completely on many goods.
Why is that happening? Because EU wants to be able to export cheese to Japan.
If Japan had no import duties on EU cheese, then EU would never be interested to cut 10% import tax for Japanese vehicles.
I am all for cutting all the import/export duties completely but a good government would work on that being reciprocal and not one sided.
absolutely right too, but as spwolf points out, it's stupid for the u.s. to accept euro-tariffs without having our own, but as i've said, this is just to level the playing field a bit (not much really) so that HOPEFULLY europe can stop screwing everyone else to protect their own auto and other manufacturing / farming / services.
03-04-18 | 09:04 PM
#69
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03-04-18 | 09:17 PM
#70
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absolutely right too, but as spwolf points out, it's stupid for the u.s. to accept euro-tariffs without having our own, but as i've said, this is just to level the playing field a bit (not much really) so that HOPEFULLY europe can stop screwing everyone else to protect their own auto and other manufacturing / farming / services.
03-05-18 | 10:25 AM
#71
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From: ------
Trump: Tariffs will 'come off' only if there's a 'fair' NAFTA agreement
https://www.aol.com/article/news/201...ment/23377303/
This is a negotiating tactic for a better(fair) deal for the US, it is not to start a long term reciprocal trade war. If other countries are smart they will just agree to a more fair trade deal with the US, it is not like Trump is demanding the US get the great deal while they get a crappy one, he just wants it fair. Toyota is not going to increase the price of their cars by much which would drive off buyers, they would rather just eat a little less profit then losing sales.
03-07-18 | 08:14 AM
#73
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absolutely right too, but as spwolf points out, it's stupid for the u.s. to accept euro-tariffs without having our own, but as i've said, this is just to level the playing field a bit (not much really) so that HOPEFULLY europe can stop screwing everyone else to protect their own auto and other manufacturing / farming / services.
Last edited by Toys4RJill; 03-07-18 at 08:43 AM.
03-07-18 | 07:10 PM
#74
Even European tariffs, though, could not "protect" many of their auto industries. Look at what happened to the Swedes (Volvo and Saab), all of the British auto manufacturers (too many former ones to list here), the companies behind the (former) Iron Curtain such as Skoda, Zasta, Yugo, etc...and may be (?) about to also happen to a large part of the Italian auto industry. Only the Germans and, to a lesser extent, the French, seem to have an auto industry that can keep their heads above water. Volvo and some British firms, on paper, are technically still in business, but clearly owned and directed by outsiders.
except it will affect the price of all cars, and used cars, etc. there's a reason cars cost SO MUCH MORE for EVERYONE in europe.
and now china has strategically decided to wreck the global market for key materials like steel to where 'free economies' can no longer afford to compete and thus go away, leaving only china as a supplier until they decide the don't want to, then what? on a related note i read only a couple of countries supply the world with titanium and the u.s. isn't one of them. that's a disaster in the making when eventually our military may be relying on ADVERSARIES to provide key materials to make the weapons they use... if those adversaries cut supply, the u.s. is in real trouble.
china plays a very long game... way beyond u.s. political cycles and short term greed and stupidity.
03-07-18 | 07:19 PM
#75
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From: RightHere
Canada and Mexico are getting a 30 day temporary exemption from the tariffs and that could be extended depending on the progress of the current NAFTA re-negotiations. Trump is expected to sign the proclamations tomorrow afternoon with union steel workers in the Oval Office.
https://www.washingtonpost.com/busin...=.3d6a9449cd0d
https://www.washingtonpost.com/busin...=.3d6a9449cd0d
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