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9 hours ago, Joey Mack said:

I hope you are joking. tjc...  🤔

nope, serious. i know the two one the left are the ones that got caught cheating at a concert because that picture have been posted all over the internet for the past week. 

i do not watch news or TV. 

when you are up to your armpits in alligators,

it is hard to remember you only came in to drain the swamp..

Back in February, there was much noise about the president and Elon Musk traveling to Fort Knox to see if the gold was actually still there. Rand Paul also stated serious doubts. 

And then............nothing. After weeks of noise, then not another word about it.

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2 hours ago, kscarbel2 said:

Now, the administration is lowering the tariff for Japanese autos and auto parts to just 15%, meaning US automakers will face higher tariffs than Japanese automakers.

Its obviously more complex than that. Japanese brand cars made in Japan and shipped here represent not even 8% of the annual US auto market. Japanese brands have assembly in plants in Mexico that would be subject to the same 25% tariffs as domestic brands built in Mexico. Japanese brands assemble the majority of the cars they sell in the USA in US plants. My guess is the 15% tariff on imported cars assembled in Japan was a miniscule concession and/or compromise on the whole trade deal with Japan that most likely included many things.

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1 hour ago, 67RModel said:

Its obviously more complex than that. Japanese brand cars made in Japan and shipped here represent not even 8% of the annual US auto market. Japanese brands have assembly in plants in Mexico that would be subject to the same 25% tariffs as domestic brands built in Mexico. Japanese brands assemble the majority of the cars they sell in the USA in US plants. My guess is the 15% tariff on imported cars assembled in Japan was a miniscule concession and/or compromise on the whole trade deal with Japan that most likely included many things.

Back in March, the president gave vehicle manufacturers a one month exemption if they were in compliance with the USMCA. From there.....25%.

Around 15% of US-sold Toyota models are assembled in Japan. About 10% for Honda. Most Lexus are produced in Japan. Over half of Mazda cars are built in Japan.

 

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2 hours ago, kscarbel2 said:

Back in March, the president gave vehicle manufacturers a one month exemption if they were in compliance with the USMCA. From there.....25%.

Isn't that how how the nickname TACO was coined? 

2 hours ago, kscarbel2 said:

Around 15% of US-sold Toyota models are assembled in Japan. About 10% for Honda. Most Lexus are produced in Japan. Over half of Mazda cars are built in Japan.

Miniscule amounts in the overall American car market. 

4 hours ago, 67RModel said:

Japanese brand cars made in Japan and shipped here represent not even 8% of the annual US auto market.

Trump's administration was negotiating with Japan, not vehicle manufacturers. I suspect the reduction from 25 to 15 was thrown in as a concession for something gained knowing it would have next to no impact on domestic OEM's competitiveness.  Your original statement was that Ford and GM were upset and claimed Japanese makers were buoyed. Perhaps. Maybe the Japanese created their own buoy when they increased the percentage of USA assembled/sold vehicles from 12% in 1986 to 80% today. Not to mention they produce a vastly superior product. Maybe Ford and GM can build a plant in Japan, pay 300-400% more for Japanese vs Mexican labor and get the 10% tariff reduction 😅. Or better yet maybe they should have never left. I have no sympathy for the Detroit big 3. It is lost on me how the Japanese can build an objectively superior car with American labor on American soil and never complain about anything. The only thing Detroit knows how to do well is cry foul about anything and everything. They need to figure out how to plan 10 years out, not just for the next quarterly earnings report. I have little to no opinion on any of the tariffs implemented in the last 6 months. My guess is when the pendulum swings back they will all be rolled back. Perhaps the actual, newly negotiated and signed trade deals will remain but I think the newly imposed blanket tariffs on all goods coming into the USA will be rescinded.

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