My BS meter just exploded.
IT’S NOT TRUMP! IT’S NOT IT’S NOT IT’S NOT! WAAAAAAAH! MOMMY! /lsm
IT’S NOT TRUMP! IT’S NOT IT’S NOT IT’S NOT! WAAAAAAAH! MOMMY! /lsm
I hope Trump pulls the government watchdogs on GM...if their still there
So if I want to buy an American small car, should I choose the Ford Focus, or the made in Alabama Hyundai Elantra?
“Is Ford’s Move A Cave-In To Trump Protectionist Talk, Or A Savvy Bet On Future?”
Yes.
One in the same, I’d say.
A bit of both.
It’s NOT protectionism when the foreign markets are so protectionist as to put our products in the toilet. It’s called sanity when you save American jobs and markets. Once foreign nations modify their behavior to allow free markets, we can reciprocate.
The media including Fox are presenting the Ford and other industry acts as adversarial, as forced, grudging, change. That is not reality.
They all met one on one with PE Trump. What transpired for sure we do not know, but I suspect the PE listened rather than dictated. He got a short version of their companies problems.
Then he told them he was going to implement change very favorable to their businesses. Rather than an adversary, he was their ally. They did in fact sit at the table and make a deal. The new President will make sweeping changes that will improve business and profitability. The CEO’s will endeavor to keep production at home and create new jobs.
Trump probably told them that he would cancel obama idiotic mileage requirement if they considered moving back to the USA.
Short-term, of course it is a cave-in. We’ll have to see if their long-term plans change, but US executives (and RINO politicians) are notoriously “next quarter oriented” these days, and nobody wants to stand in front of the Trump train - except the few hapless jerks who in defiance of all logic and reason keep daring to appear on Tucker Carlson’s show. :)
The Mexican plant was to build small, more fuel-efficient cars. Cars with lower profit margins and where labor costs are more important. Demand for those cars is down, so the Ford production capacity in Mexico is sufficient to meet projected demands. Instead Ford will invest in higher margin vehicles which, coincidentally, are made in the U.S. And they’re willing to give Trump partial credit for their decision. Win-win for everyone.
Ford didn’t need to be “bailed out” - I’m going with the savvy option.
Going to Mexico for a week on Saturday. Thanks to this move my dollars will buy more pesos than ever. Gracias Don!
Yes.
He says that protectionism is a tax that we wind up paying.
Hey, genius, when our country has an $800 billion yearly trade deficit with China, those implied tariff taxes are the least of our worries.
The Founding Fathers believed in reasonable tariffs to favor domestic businesses. It’s not that hard to figure out.