Thunder Good-Oil
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New vehicle prices are determined by what competitors charge. If Toyota can’t compete within that very basic micro-economic frame work then they will regress. The COO might could be being pre-emptive with his excuses.
Yet you couldn’t stop digging after failing at basic math.
Every automaker is saying it though.....
Ford and GM have billions in tariff exposure
And what’s the end game?
Perhaps being able to put vehicles on our roads that aren’t simply assembled here? If the chips all have to be sent from Taiwan we’re massively exposed.
Perhaps selling Fords and Chevrolets in Europe?
I’m not at all concerned about what the Toyota COO is selling as an excuse if he fails to successfully navigate the re-imagined trading environment. His job is to have the pieces of the Tacomas and Tundras welded on properly.
One is vapor ware right now. TSMC is rolling wafers out of the first of three new fabs now. And if Trump really wants Foxconn to invert big capital money here he’ll provide some stability in policy and decision making.Now tell us about Foxconn’s commitment in Wisconsin. Perhaps Taiwan Semi investing in Arizona is moving forward.
One is vapor ware right now. TSMC is rolling wafers out of the first of three new fabs now. And if Trump really wants Foxconn to invert big capital money here he’ll provide some stability in policy and decision making.
Your point is BS. As usual. TSMC committed to these fabs as far back as 2017 or 2018. Foxconn was years ago also. Neither project was driven by Trumps current idiotic tariff stupidity.That’s my point. Foxconn was given financial incentives to build in Wisconsin and they’ve scaled it back. Taiwan Semi is looking at potential 25% tariffs on chips that they make outside of the US but plan to export for use in US device and electronics purchases. So they aren’t dragging their feet investing in US based manufacturing. That’s a mutually beneficial result.
But the most important aspect is building up domestic fabrication capacity instead of being far too dependent on chips being produced in China’s backyard. It’s a national security concern.
Rather than instability I’m calling it flexibility. The Never Trumpers would lose their **** if he didn’t adjust the initial rates he proposes. It’s a fluid, on going negotiation.
I don’t think that fair reciprocal trade agreements are bad. If any country or territory wants to have oppressive tariffs on US exports going to them, then we should apply even more oppressive rates on them. 10% on everybody that we trade with is a good outcome. A reasonable back door national sales tax. Once partners agree to play fair, then the administration can get into the details like products crossing borders multiple times as work-in-progress assets.
Your point is BS. As usual. TSMC committed to these fabs as far back as 2017 or 2018. Foxconn was years ago also. Neither project was driven by Trumps current idiotic tariff stupidity.
Oh good lord. BOTH projects occurred during Trump’s first term. NEITHER was related to or the result of his current idiotic tariff policies. The rest of your post is just the usual water carrying pushing the current tariff idiocy.Foxconn’s “commitment” happened during Trump 45. It fell apart during Autopen’s command.
Billions in additional CapEx is happening as a direct result of the current negotiations. Access to the US consumer base is a huge incentive. Giving it away for nothing while allowing a massive trade deficit with China is idiotic. It ultimately funds their nonsense. It makes no sense to do nothing while partners circumvent us achieving our objectives. Such as China manufacturing products in Mexico to evade the targeted China tariffs. Or those partners buying Chinese goods that include IP stolen from us. Use that US consumer base leverage even if it’s when our allies wont support our efforts to address China issues.
Since you’re saying my point is BS, you’re saying that YOUR point is BS. Property of transitivity.
Keep hustling. One fab is already producing wafers. The second will be shortly. I’d guess TSMC’s desire to produce will be driven more by seeing ROI on these huge capital expenditures and returning profits to their shareholders? Remember when you used to focus on that instead of Trump’s water pail line?The tariff policies can keep TSM on track ramping up in Arizona.
Businesses raising prices before tariffs even begin can piss off