Trump's 'huge lie' shows 'he’s taking everyone for an idiot': analysis

[wombat]

3 hours ago, bendejo said:

 'huge lie'

 

Please...where have you been hiding?

That saying the bigger the lie the easier it is for people to believe,

you've never seen before?

[blaze master]

14 minutes ago, wombat said:

Pmsl...did you really say that?

 

I know right. He must if grown up in a middle class family. 

[simple1]

14 hours ago, Yellowtail said:

The domestic industries that benefit from tariffs, are generally the ones that are in direct competition with the imported products, not manufacturers that are using the product in a process, take steel for example. 

 

Steel is (I think) about $0.25lb. in the US today. A Ford F-150 weighs about 4,000lbs. Say half the weight is steel, that's 2,000 X $0.25 = $500.

 

A 20% tariff on steel adds about $100 to the vehicle, which retails for about $35,000

 

A 20% tariff on a $35,000 Chinese pickup to compete with the Ford, is $7,000, which gives the Ford a big advantage. 

 

To be clear, I am not a supporter of tariffs, but they can be useful tools. Trump will not put 20% tariffs across the board, to do so would be insanity. 

 

Trump's proposed tariffs estimated to cost US auto industry $40 billion

 

https://asia.nikkei.com/Politics/U.S.-elections-2024/Trump-tariffs-risk-raising-U.S.-auto-production-costs-by-40bn

 

Forbes view of US auto industry

 

https://www.forbes.com/councils/forbestechcouncil/2024/10/09/how-the-auto-industry-predicts-and-shapes-the-us-economy/

Edited 10 minutes ago by simple1

[Yellowtail]

6 minutes ago, simple1 said:

 

Trump's proposed tariffs estimated to cost US auto industry $40 billion

 

https://asia.nikkei.com/Politics/U.S.-elections-2024/Trump-tariffs-risk-raising-U.S.-auto-production-costs-by-40bn

So worst case about 3%. 

 

 

[Yagoda]

2 hours ago, wombat said:

Please...where have you been hiding?

That saying the bigger the lie the easier it is for people to believe,

you've never seen before?

Looks like Diddys party guest list