Author Topic: Tarriffs/Trade War  (Read 3427 times)

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Offline eyephone

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Tarriffs/Trade War
« on: June 29, 2018, 10:02:51 AM »
Looks like there is going to be a trade war.

Offline eyephone

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Re: Tarriffs/Trade War
« Reply #1 on: June 29, 2018, 10:21:03 AM »
Trump tariff would make the Toyota Camry $1,800 more expensive to build

Toyota did not say how much of the cost it would pass on to customers. But it called the possible tariff "just a tax on consumers" and said it would "increase the cost of every vehicle sold in the country."

http://money.cnn.com/2018/06/28/news/companies/toyota-camry-cost-trump-tariff/index.html



Offline fortune11

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Re: Tarriffs/Trade War
« Reply #2 on: June 29, 2018, 10:51:28 AM »
Trump tariff would make the Toyota Camry $1,800 more expensive to build

Toyota did not say how much of the cost it would pass on to customers. But it called the possible tariff "just a tax on consumers" and said it would "increase the cost of every vehicle sold in the country."

http://money.cnn.com/2018/06/28/news/companies/toyota-camry-cost-trump-tariff/index.html

For those who care, I have recently sold my index tracker funds.  Risk is clearly asymmetric (more downside than upside) .  Market goes up and down day by day depending on who among the crazies (Trump, Navarro, KUdlow) is trying to calm the trade war or stoke it further . 

Risk clearly is asymmetric here, especially with Trump emboldened here after recent Supreme court decisions. 

I have said it before and will say it again -- impact of tarriffs (esp autos) is NOT priced in.  Market right now is discounting that Trump will blink / fold .  If he actually goes through with it , we could easily see a 7-10% correction

If I am wrong, Trump actually does nothing, and charts start showing a bullish pattern again, I have no problem paying up slightly to get back with a lot of the risks behind us.  But right now, not a risk worth taking ...

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Offline eyephone

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Re: Tarriffs/Trade War
« Reply #3 on: July 05, 2018, 10:49:46 PM »
“US tariffs take effect, China warns of 'counterattack'

Washington increased tariffs at 12:01 a.m. on $34 billion worth of Chinese imports, a first step in what could become an accelerating series of tariffs.

China's Commerce Ministry said it would be "forced to make a necessary counterattack." It gave no immediate details of possible retaliation but Beijing earlier released a target list of American goods for duty increases including soybeans, electric cars and whiskey.”

https://www.google.com/amp/s/www.yahoo.com/amphtml/news/trump-says-tariffs-kick-against-china-221658793.html




Offline Kings

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Re: Tarriffs/Trade War
« Reply #4 on: July 06, 2018, 05:45:56 AM »
wait, this isn't supposed to happen!

Quote
Germany willing to cut tariffs on US cars, lifting automakers’ shares

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-shares

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Offline fortune11

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Re: Tarriffs/Trade War
« Reply #5 on: July 06, 2018, 07:30:54 AM »
wait, this isn't supposed to happen!

Quote
Germany willing to cut tariffs on US cars, lifting automakers’ shares

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-shares

MAGA heads itching to hail hive fives as usual

Does one really think that Chevys and Fords will flood Germany if tariffs are 0% ? 

Do you know that the biggest German imports from the US are BMW and Mercedes SUVs  made here in our country.  this only helps BMW and Mercedes profitability , not the Detroit big 3  !   Now watch what happens w China as that's where the real risks lie ...

Offline Irvinecommuter

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Re: Tarriffs/Trade War
« Reply #6 on: July 06, 2018, 08:52:15 AM »
I'm going to leave this here

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Offline Kings

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Re: Tarriffs/Trade War
« Reply #7 on: July 06, 2018, 09:36:06 AM »
I'm going to leave this here



who buys soup at 7 eleven?

Offline Irvinecommuter

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Re: Tarriffs/Trade War
« Reply #8 on: July 06, 2018, 11:13:26 AM »
How the heck did Stephen Moore become an "expert"


Offline Ready2Downsize

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Re: Tarriffs/Trade War
« Reply #9 on: July 06, 2018, 09:29:05 PM »
I'm going to leave this here



who buys soup at 7 eleven?

Who pays $1.99 for canned soup?

Online aquabliss

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Re: Tarriffs/Trade War
« Reply #10 on: July 07, 2018, 01:40:29 AM »
My wife ordered a bowl of Soup at Claim Jumper tonight. 

$8.99 for a bowl of freakin soup.  Crazy town I tell you. 

Offline Halos

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Re: Tarriffs/Trade War
« Reply #11 on: July 07, 2018, 09:11:36 AM »
My wife ordered a bowl of Soup at Claim Jumper tonight. 

$8.99 for a bowl of freakin soup.  Crazy town I tell you.

That is absurd. I hope it was Lobster Bisque at that price.

Offline eyephone

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Re: Tarriffs/Trade War
« Reply #12 on: July 10, 2018, 08:44:40 AM »

“Automaker BMW says it will build more of its popular SUVs overseas to offset the higher cost of sending cars to China due to recently enacted tariffs.

BMW also said it will raise the price of South Carolina-built vehicles sold in China to help offset that country's new 40 percent import tax on cars from the U.S., retaliation for higher tariffs on Chinese goods imposed by President Donald Trump.

The dpa news agency reported that Munich-based BMW said Monday it is "not in a position to completely absorb the tariff increases."

https://www.postandcourier.com/business/bmw-moving-some-production-to-china-raising-prices-on-sc/article_2dab2678-837a-11e8-9b27-3fa07b822913.html


Offline eyephone

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Re: Tarriffs/Trade War
« Reply #13 on: July 18, 2018, 11:57:24 AM »
“FED: Manufacturers in every corner of America are worried about Trump's tariffs

Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs.”

http://www.businessinsider.com/trump-tariffs-fed-says-manufacturers-in-all-districts-worried-2018-7




Offline eyephone

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Re: Tarriffs/Trade War
« Reply #14 on: July 24, 2018, 09:45:22 AM »
“President Donald Trump vows the government will never again bail out "too-big-to-fail" (TBTF) firms yet supports arrangements that will lead to more bailouts.”

https://www.google.com/amp/thehill.com/opinion/finance/378777-trump-will-perpetuate-bailouts-by-signing-bank-reform-bill%3famp

But Trump wants to bail out the farmers with $12 billion. Is this a double standard? How about the other industries do they get a bailout?
« Last Edit: July 24, 2018, 10:00:15 AM by eyephone »

 

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