Start Hedging (Trade War)

[Philly]

The unions are required by law to protect deadbeats and the janus decision allows them to remain deadbeats.

[spacemonkey]

[Kane]

https://www.reuters.com/article/us-usa- ... SKBN1KN307

It’s utterly fascinating watching the f**k RNC turn on the Koch brothers in support of Trump because of tariffs. What’s worse - the GOP continuing to defer to billionaires...or to get behind Trump? Time under Trump is truly an era of no heroes.

[spacemonkey]

The world economy is about like a Monopoly board game and all the spaces are owned. Now they're trying to figure a way to keep the game going indefinitely. Its that finite thing again. lol.

[Kane]

https://www.bloomberg.com/news/articles ... s-overseas

Trump held Harley up as a beaming example of #MAGA. Then Trump implemented tariffs and Harley, in an effort to not go bankrupt, is relocating production outside the US for the EU market.

And now Trump backs boycotting Harley.

Wow. It feels like the GOP is eating itself from within, the Dems have just started, and that this little tiff is emblematic of the US doing exactly that.

[Spider]

Boycott the last American motorcycle manufacturer of any consequence. Torpedoing American industry is the proper role of any American president.

trump is a guy stupid men think is smart and weak men think is strong. So, logically it follows that these insipid Harley bros, after a lifetime of deriding anything on two wheels that is non-HD, should now climb aboard a nice Suzuki or Yamaha because "make America great".

[JDHURF]

Probably and unfortunately truer than one would likely think.

[Kane]

lol

http://thehill.com/homenews/media/40392 ... than-nafta

[John Galt]

eh, it's worse because it doesn't include canada. while i think it is worse becuase of that, the headline makes it seem like the US would be getting a worse deal with mexico, and that's not necessarily true. it raises the tariff-free car standard to 75% of parts produced in north america from 66%. this i would expect would probably be marginal increases in the cost of a north american made car. when i saw the deal was close, i thought his brinkmanship might actually work. if it brings canada back into negotiations and they agree to it, then what? it ends up adding protections for north american workers vs china. to argue against it means you're against labor

[Kane]

On autos alone it would increase the cost to the consumer. Sourcing parts and the cost of labor will undoubtedly lead to higher prices. Until I see wages actually going up in a meaningful manner (across the US in multiple industries) we're setting ourselves up for stagflation. But let's look at something else...

US tariff on autos entering the states out of NAFTA compliance is 2.5%. Companies could simply shift production overseas and pass the cost of that tariff onto consumers while avoiding the new regulations put in place through TrumpTA. Then you'd have to raise that tariff to the point that it forces companies to move production back to the trade bloc.

Again, prices will go up.