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FightFight

(246 posts)
Thu Feb 6, 2025, 09:31 PM Feb 2025

Trump tariffs will cost U.S. carmakers billions and are a 'bonanza' for Asian competitors, warns Ford CEO Jim Farley

Ford CEO Jim Farley assured investors that his team has a plan to shield the company from the worst effects of Donald Trump’s tariff threats—provided the former president doesn’t go beyond brinkmanship and posturing.

Ahead of any new import taxes, Farley said Ford and its suppliers intend to stockpile vehicles and parts that typically move between the U.S. and Mexico.

If tariffs take effect, the strategy would create a de facto trade barrier at the Rio Grande, halting cross-border shipments and sealing off operations.

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Donald Trump has gone silent on working class cost of living issues
For the past two years, Donald Trump has spread fear about the state of the United States and championed himself as the only man capable of saving the country from itself. Only he could bring down the price of groceries and gas. Only he could fix the broken health care system. Only he could fix the broken immigration system. Only he could end the wars in Ukraine and in the Middle East.

Now that the voters have drunk the Kool-Aid, the jig is up. The grift is over and the prize of the presidency is won. But will the buyers of the golden sneakers have buyer’s remorse? I suspect that for all but the most cult-following MAGA lemmings, the answer to that question is yes.

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]MORE JOBS GAINED UNDER BIDEN'S 4 YEARS THAN UNDER THE 8 YEARS OF FORMER PRESIDENTS TRUMP, OBAMA, OR GEORGE W. BUSH
https://www.axios.com/2025/01/10/iden-job-gains-obama-trump?utm_campaign=feed&utm_medium=referral&utm_source=later-linkinbio


Bidenomics Was Wildly Successful-----The president’s domestic record wasn’t just extraordinary. It might put Democrats back in power in four years.
https://newrepublic.com/article/189232/bidenomics-success-biden-legacy

Give Biden his due, he has been one of the best presidents of our time https://thehill.com/opinion/5068539-joe-biden-effective-president/
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2018
US farmers letting crops rot as storage costs rise due to China trade war
https://thehill.com/policy/finance/417803-us-farmers-letting-crops-rot-as-storage-costs-rise-due-to-china-trade-war/

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2019

Why Trump is bad for business

“What Trump has done to undermine our global leadership in terms of major multinational companies will be hard to undo,” says a former Republican cabinet member. it’s hurting commerce worldwide. Global growth will drop to 3% next year, predicts the International Monetary Fund, the slowest growth since the financial crisis. The No. 1 culprit: “rising trade barriers.”

https://fortune.com/longform/trump-policies-bad-for-business-trade-immigration-taxes-regulations-us-economy/

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Want A Better Economy? History Says Vote Democrat

Personal disposable income has grown nearly 6 times more under Democratic presidents

Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents

Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year) Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)

Republican presidents added 2.5 times more to the national debt than Democratic presidents

The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations

Why Are Republican Presidents So Bad for the Economy? G.D.P., jobs and other indicators have all risen faster under Democrats for nearly the past century. https://www.nytimes.com/2021/02/02/opinion/sunday/democrats-economy.html

U.S. Jobs, Income, GDP Growth 'Startlingly' Higher Under Democratic Presidents https://www.newsweek.com/us-jobs-income-gdp-growth-startlingly-higher-under-democratic-presidents-analysis-1566313

Over the last 6 decades--60 years or so, history has tended to favor Democratic presidents in terms of economic performance https://www.usnews.com/news/blogs/data-mine/2015/10/28/which-presidents-have-been-best-for-the-economy

During the final 3 years of Barack Obama's presidency 2014. 2015 . 2016 , the number of jobs added was 1.5 million greater than the number added during Trump's first 3 years in office 2017 2018 2019 https://www.snopes.com/fact-check/obama-created-more-jobs-trump

Trump inherited a booming economy — and handed Biden a nation 'in shambles' https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033

Trump to leave office with the worst jobs record since Herbert Hoover https://finance.yahoo.com/news/trump-leave-office-worst-jobs-030044152.html

Trump will be first president since WWII to lose jobs during tenure. The U.S. lost 140,000 jobs in December 2020 in the final jobs report of Trump’s presidency. This means the nation has about 3 million fewer jobs than it did 4 years ago UNDER THE BLACK GUY --OBAMA, meaning Trump will be the first president to lose jobs over his term since employment data was collected in this way. NBC News Now correspondent Simone Boyce explains how it all unfolded.

https://www.nbcnews.com/now/video/trump-will-be-first-president-since-wwii-to-lose-jobs-during-tenure-

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Trump tariffs will cost U.S. carmakers billions and are a 'bonanza' for Asian competitors, warns Ford CEO Jim Farley (Original Post) FightFight Feb 2025 OP
As someone who worked for auto suppliers for many years, the OEM drove down prices with constant threats MichMan Feb 2025 #1
And how many of the car manufacturers gave money to Felon47? sakabatou Feb 2025 #2

MichMan

(16,637 posts)
1. As someone who worked for auto suppliers for many years, the OEM drove down prices with constant threats
Thu Feb 6, 2025, 10:27 PM
Feb 2025

of using suppliers in Mexico and China. The only way to win any business was by making profit margins so tight that it was hard to attract and keep good workers. Hard to pay people a decent wage when your profit is low and customers won't accept any price increases.

Years ago, a major OEM manufacturer we supplied a lot of product to, demanded a retroactive price cut of a few percent. In other words, they wanted my employer to write them a $8 million dollar check for parts that we had already sold to them that were installed on cars they already sold to customers. We were told if we didn't cooperate, there was a good possibility they would move the business elsewhere. That would have caused the entire plant to close and 250 people to lose their jobs, so we had no choice.

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