So basically government price fixing. Isn't USA supposed to be the pillar of libertarian capitalism?
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Is that.. is that a portrait of Reagan on the wall behind him? The man has no concept of irony..

It feels so gross upvoting a picture and quote from Reagan.
Agreed. But this is a stopped clock situation, and the sentiment is not wrong.
I'm starting to think that this guy might not understand how economies work.
But he had the best bankruptcies, beautiful bankruptcies, everbody said say, many woman said "no more bankruptcies, they are too great", believe me!
He doesn't have to. The goal of Trump is simple: exert power. He doesn't care who gets hurt in the process so long as his base sees him as their God (intentionally using the capital G here).
The guy owned casinos that went bankrupt. It takes a special kind of person to do that
Who was the ex member of his team that said he was in the room when people tried to explain tariffs to Trump and he clearly didn't understand them, he just likes them based on his misunderstanding of them...
I'm sure he believes that other countries are paying the tariffs and it's money going to the US federal coffers...
He seems to consider them in a vacuum.
"Prices rise, but that's only a temporary problem for plebs refusing to buy American. Once US manufacturing catches up, they will buy American and all is well."
That is of course incomplete and ignores the very real problem of manufacturing PARTS and raw resources also being affected. If not by Trumps tariffs, then by retaliatory ones from other countries. It also squashes your own export market. All of that together will leave prospective American factory bosses with a choice: Will they build a factory in the US and deal with higher prices and less customers, or will they build a factory in India, where they can export to every country on this planet (except the US but who cares) and have quick and cheap access to Chinese and Russian raw resources and a cheap labor pool?
Trump: worship me
Auto makers: you literally fucked us all over.
Trump: and I expect you to thank me for it.
So he's basically telling the other billionaires to eat the cost of the tariff themselves and NOT pass them on to the consumer.
Trump really is stupid enough to start biting the hands that gave him his current position, all because Musk tells him to.
If it actually worked it's a funny way to say, let's tax corporations. It would never happen though because it makes line go down.
it makes line go down.
You often see the question asked online "What radicalized you?"
For me, I was working for a telecommunications provider as a manager and was told that neither myself nor my staff would see any raises or bonuses that year because "the company didn't make any money."
The kicker being that the company made 6 billion that year. But because the money counters had projected them to make 7 Billion, and they didn't hit it, giving out raises would make the stock price drop even more than it was already going to. Essentially, not enough profit, is the same as NO profit.
But you better believe the CEO and executives got their bonus that year.
it makes line go down.
How great would it be if he somehow accidentally killed car dealerships
I cannot wait for that fat bastard to die. Plenty of much better, useful, kinder, loved, younger people die every day. Why can't we have some fucking justice?
Im worried that at this point, for all the destruction and permanent damage hes done, that we may just need him to stick around and break more things.
If he kicks off tomorrow, we could have this happen again. It all gets washed under the rug and hes replaced with more subtle powers. It only took 4 years for the majority of the usa to forget the first round of damage he caused, after all.
But then again, if he lasts too long, we risk never recovering.
There is a sick, nihilistic balance to all this now imo. I want a guarantee that we dont slip down this road again. And unfortunately more pain may be the only way to guarantee it for the next few generations.
I feel dirty even saying it. But in my gut, i believe it.
are they even able to produce the parts domestically?
Not for a few years at least, if ever. And building this capacity costs money they will want to recoup.
unions support the move as a job creator
... until manufacturers go bankrupt
unions
Article only says the UAW, which has more retired members than it does active, and a pathetically small percentage of the active automotive workforce.
I’m not super well versed in “healthy union demographics”, but a quick wikipedia perusal says the three largest US unions (National education association, service employee international union, and the american federation of state, county, and municipal employees) have between 2-15% retirees.
Something tells me the UAW is just led by chuds but what do I know?
I thought that couldn't be true, but yeah, you're right. Over 400,000 active members and more than 580,000 retired members. Odd.
trump has had 6 companies go bankrupt he is not a good business man.
Why’s he so utterly obsessed with tariffs? Like he thinks they just fix everything. It’s so stupid.
Usually, it takes Congress to agree on something to raise taxes on the working class. With tariffs, he can do it by himself like a real dictator would.
If nothing else, I look forward to the history books and a tragicomedy documentary about...everything, really.
History is written by the victors, and the outcome is looking grim right now.
Is he so stupid he doesn't understand how to fascism?
He's such an abysmally bad politician. Bungler. He's ruining the country.
Don't worry guys, he "saved them" by eliminating subsidies for EVs. That fad is clearly going away, and by gutting the American auto industry's ability to grow their EV market share, we'll clearly be poised for global dominance. Obviously the rest of the world LOVES smog and HATES silent/emissions free vehicles and will FLOCK to ICE cars that are priced the same as Chinese EVs.
Yeah... that's not how that works. He's shitting on us and blaming everyone else for it
Can you say "economic collapse".
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
While the United Auto Workers union support the move as a job creator
Yeah, I bet the Canadian members of the UAW will be stoked to hear this
The United Auto Workers(UAW), […] that represents workers in the United States (including Puerto Rico) and southern Ontario, Canada
Yeah, good luck with that. He has lost what little business sense he had
Ugh, I hate this timeline, where a whole lot of people, countries, and organizations are trying to avoid incurring the wrath of a complete dipshit and total baby named donvict.
Keep this up and we might even get to see America starting a state-run car company. This'll be great to watch. 🍿
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