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Tariffs Catch-All
- Thread starter BubbaOtis
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superrific
Master of the ZZLverse
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I was about to parody him, but apparently he did actually say that our national security depends on kitchen cabinets.
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What is an “onslaught of outside interruptions”?
Also, doesn’t Volvo own Mack Trucks now?
Trump Imposes 25% Tariff on Heavy-Duty Trucks - TT
American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.
“… American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling through a weak operating environment.
… The Commerce Department investigation centers on Section 232 of the Trade Expansion Act of 1962, which authorizes imposition of tariffs on foreign goods in circumstances where the federal government deems them appropriate to protect national security. Some of the tariffs already imposed by Trump — including some against steel and aluminum — were adopted under Section 232.
ATA warned in May that imposition of truck-specific tariffs under Section 232 could compound the effects these earlier tariffs are already having on truck prices.
“Heavy-duty tractors bought by U.S. carriers only come from two places: the United States and Mexico,” ATA wrote. “There are virtually no other countries that export finished heavy-duty tractors into the U.S. market. As a United States, Mexico, Canada Agreement country, we do not believe Mexican truck production poses a national security risk to the U.S. In fact, truck production throughout North America is highly integrated.”
…“Trucking is one of the few businesses where the pool of competitors is not limited by size or location, with small fleets competing against large ones and East Coast-based companies competing with those based on the West Coast. As a result, underbidding is very common, which leads to very small margins and the inability to pass along increased operating costs to the customer.”
ATA continued, “Motor carriers can’t just absorb higher truck prices or pass them along to customers. Instead, fleets will be faced with no other option but to drastically reduce truck buying by extending trade cycles. This will lead to a large drop in truck manufacturing in the U.S. and Mexico as well as a corresponding drop in manufacturing of parts for new trucks.”
It added, “With a new Class 8 truck costing an average of $170,000, a 25% tariff applied to all new trucks from Mexico would increase the retail price to $200,000. This means that trucking companies would have to pay the 12% [federal excise tax] on the post-tariff price of $200,000, not $170,000. That brings the total price of a new truck, on average, to $224,000, which is simply cost prohibitive for the vast majority of trucking companies.”…”
Mulberry Heel
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LOL. Looks like Ol'Chuck has entered the FAFO stage. Given the long article I read a few days ago about how soybean farmers in the Midwest are getting crushed by Trump's tariffs and how many farmers are angry that Trump 2.0 is spending billions to bail out Argentina's economy and Trump-favorite strongman president while they're stealing our soybean market in China, I'm sure that Grassley's Senate office is being lit up with angry phone calls, tweets, emails, and snail mail messages.
ChileG
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It’s cute that they have hope that Trump cares.Trump Imposes 25% Tariff on Heavy-Duty Trucks - TT
American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling.www.ttnews.com
“… American Trucking Associations in May voiced opposition to the prospect of the proposed truck tariffs, stressing the levies could cause financial strain for an industry already struggling through a weak operating environment.
… The Commerce Department investigation centers on Section 232 of the Trade Expansion Act of 1962, which authorizes imposition of tariffs on foreign goods in circumstances where the federal government deems them appropriate to protect national security. Some of the tariffs already imposed by Trump — including some against steel and aluminum — were adopted under Section 232.
ATA warned in May that imposition of truck-specific tariffs under Section 232 could compound the effects these earlier tariffs are already having on truck prices.
“Heavy-duty tractors bought by U.S. carriers only come from two places: the United States and Mexico,” ATA wrote. “There are virtually no other countries that export finished heavy-duty tractors into the U.S. market. As a United States, Mexico, Canada Agreement country, we do not believe Mexican truck production poses a national security risk to the U.S. In fact, truck production throughout North America is highly integrated.”
…“Trucking is one of the few businesses where the pool of competitors is not limited by size or location, with small fleets competing against large ones and East Coast-based companies competing with those based on the West Coast. As a result, underbidding is very common, which leads to very small margins and the inability to pass along increased operating costs to the customer.”
ATA continued, “Motor carriers can’t just absorb higher truck prices or pass them along to customers. Instead, fleets will be faced with no other option but to drastically reduce truck buying by extending trade cycles. This will lead to a large drop in truck manufacturing in the U.S. and Mexico as well as a corresponding drop in manufacturing of parts for new trucks.”
It added, “With a new Class 8 truck costing an average of $170,000, a 25% tariff applied to all new trucks from Mexico would increase the retail price to $200,000. This means that trucking companies would have to pay the 12% [federal excise tax] on the post-tariff price of $200,000, not $170,000. That brings the total price of a new truck, on average, to $224,000, which is simply cost prohibitive for the vast majority of trucking companies.”…”
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As is always the case, follow the money….
“Last week, Treasury Secretary Scott Bessent announced a $20 billion package to rescue the Argentinian economy. The risky taxpayer-financed deal, which involves trading U.S. dollars for Argentine pesos, has little upside for ordinary Americans. Argentina is not a significant U.S. trading partner, and its economy, long in turmoil, has little impact on the United States.
However, Bessent’s announcement had massive economic benefits for one American: billionaire hedge fund manager Rob Citrone, who has placed large bets on the future of the Argentine economy. Citrone, the co-founder of Discovery Capital Management, is also a friend and former colleague of Bessent—a fact that has not been previously reported in American media outlets. Citrone, by his own account, helped make Bessent very wealthy.”
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See, I assumed the national security issue with cabinets and upholstered furniture was probably really about the NC Senate election, but I guess that was too subtle a gesture to get any traction:
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Not even sure how this would work? What about films made by US companies but filmed in foreign countries? What if part of the film is on location, the F/X shop is in Romania and the editing and set work is in the USA?
Who collects this tariff? Is it charged on each theater ticket or rental? At delivery of the film to whoever gets that for distribution to theaters?
It was a stupid idea when he first proposed it. But Donald Trump doesn’t concern himself with the impossibility of his ideas. He is solely concerned with how it sounds to the public.
Not even sure how this would work? What about films made by US companies but filmed in foreign countries? What if part of the film is on location, the F/X shop is in Romania and the editing and set work is in the USA?
Who collects this tariff? Is it charged on each theater ticket or rental? At delivery of the film to whoever gets that for distribution to theaters?
superrific
Master of the ZZLverse
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Again, this has no meaning. So if a country doesn't make "its" furniture in the US (whatever that means), all of its industries get tariffed? What a bunch of stupid ass bullshit.See, I assumed the national security issue with cabinets and upholstered furniture was probably really about the NC Senate election, but I guess that was too subtle a gesture to get any traction:
He's Not Here
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By definition, the only country to make its furniture in the US is the US.See, I assumed the national security issue with cabinets and upholstered furniture was probably really about the NC Senate election, but I guess that was too subtle a gesture to get any traction:
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That would never happen. The studios will capitulate and make a token amount of movies here and just shelve the rest till Trump is an orange stain in a coffin. Hollywood can be patient when sitting on content, but they will always have something trickling in.
OMG! What a gift for Democrats to hammer Trump with. With the bailout money, Argentina actually removed their taxes on their soybeans and China rushed in and bought from Argentina. Soybean prices fell immediately for our farmers.
Mulberry Heel
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If only the Democrats were more competent at messaging at PR, this might be a gift for them. As it is, they'll probably either ignore it completely or bungle the messaging somehow.
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One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.
No amount of messaging will help people believe things they don't want to believe.