Never own a RR out of warranty. Heard that many times.
Are you going to purchase at 25% price hike
- Thread starter dben002
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Never own a RR out of warranty. Heard that many times.
LVSteve
Member
I suspect it is a lot less than when I moved here in '97. Since then the "gotta have it now" society has risen. As member alwslate pointed out, if today's American's want a car now which just jumped in price by 25%, they'll take it now on a 7-year (or more) note. These are hardly the people to take "short-term pain" that lasts more than a month.
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ANY European vehicle. All of them are expensive maintenance pigs.
Puller
Member
Did you happen to notice the answer as to why those countries didn't get tariffs?
The tariffs are reciprocal tariffs, so the appropriate follow up question would be what are the tariffs on American goods going to Russia and Belarus and North Korea?
Russia is not on this list because sanctions from the Ukraine war have already rendered trade between the two countries as zero. As for Belarus and North Korea, they are under US sanctions.
And what were the tariffs on US goods prior to the temporary sanctions on Russia specific to their invasion of Ukraine and North Korea specific to their nuclear weapon program?
I'm just pleased that we're paying back those greedy St. Helenians.
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Saw a sign, outside a Vegas wedding chapel,
"Mail Order Brides, Pre Tariff Prices".
Bought a dozen, will only mark them up 15%.
Only three left.
"Mail Order Brides, Pre Tariff Prices".
Bought a dozen, will only mark them up 15%.
Only three left.
UncleEd
Member
Let us see how all this plays out.
If it works, the naysayers can apologize.
If it doesn't, the proponents will stay silent.
If it works, the naysayers can apologize.
If it doesn't, the proponents will stay silent.
If this is true (and I don't doubt that it is) then you are a very unusual investor. The fact is that most people chase the latest "hot stock" and end up losing money as a result. The average mutual fund investor makes FAR less return than the average mutual fund.
Why? That's easy. Market's going up, up, up. OH GOD! I've got to get in on that! Buy! Buy! Buy! Oops! Market's going down, down, down. I'm losing money! I'd better sell! Sell! Sell!
So what is the result? They buy high and sell low. The exact OPPOSITE of what you need to do to make money in the stock market.
If you don't have the discipline to buy when the market is going down, and sell when the market is going up, then you will LOSE MONEY by investing in the market! Too many people do that. The majority of people do that.
That's why, for most people, Social Security or a pension plan is their best hope for having enough money to retire comfortably. As a disciplined investor, I wish it wasn't so. But it is.
SWFan27
Member
America does not really do business with those countries. Do we do a lot of trade with North Korea? Don't believe ever nonsensical thing spewed on CNN. Right now, concerning Russia, Trump wants to keep his options open for negotiating tools to end the war in Ukraine. Though he is currently considering more sanctions. Also, Trump is more concerned keeping Russia away from China. He does not want them teamed up because that would be very bad news for America. Trump would love to end the war and then develop a trade relationship with Russia.
Trump is putting tariffs on countries we do have trade relations with who put tariffs on American made goods. There are also a few of them where he is using the threat of tariffs to achieve military and other goals. America has been taking it in the shorts with our trade deals since the end of World War II. Trump is putting the world on notice that it is time to renegotiate these lousy one-sided trade deals.
Re tariffs imposed today, truly foolish.
Not unexpected, of course. Let's all come back a year later and review how swell things are — or not — for our economy.
No need to argue about it. It has happened. Wait. And see.
Let's come back a year from now and discuss.
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Not unexpected, of course. Let's all come back a year later and review how swell things are — or not — for our economy.
No need to argue about it. It has happened. Wait. And see.
Let's come back a year from now and discuss.
----
SWFan27
Member
Yes. It is stupid for America to still be paying these tariffs after all of these years. Maybe France will finally drop them, and the French will start driving Fords and Chevys.
You'd have to define what "works" mean. Ones version of success will not align with another's.
Whoa, I don't think you get to say this is foolish. Cast closed. This is a discussion. Not an argument. That's what forums do. Discussions. You are clearly not in favor of tariffs. Tell us why. And tell us what you expect the outcome to be….. I'll tell you what I think will happen in a yr. I think negotiations will ensue and acceptable trade agreements will be reached with our partners. I think a yr from now we'll look back on this and laugh. You can't make idle threats and be taken serious. Our administration stated clearly what was going to happen. AND IT DID. I remember another administration "drawing a line in the sand". But when the bad guys tap danced across it there were no consequences!!!!! That administration was never taken seriously again on the world stage.
What exactly is wrong with an equal playing field, or an attempt to close the gap?
Btw, less demand here due to higher prices means less buying of imported goods, correct? Layoffs for foreign workers? How long will their economies withstand that?
Btw, less demand here due to higher prices means less buying of imported goods, correct? Layoffs for foreign workers? How long will their economies withstand that?
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As far as buying a new vehicle, I think the revised NAFTA agreement remains in place for now but we shall see...
I was a bit taken back by the scope and scale of the tariffs Trump outlined, I guess we will see where this all shakes out and reactions of countries around the world.
The USA is approximately 4-5% of global population, 25-30% of worldwide markets, approximately 4% unemployment. It would be difficult at best for the USA to produce all it consumes - actually not even close.
Make no mistake tariffs are a tax....when you tax something you get less demand, less production - decreased economic activity. It's noteworthy that we (through Trump's tariffs) are going to tariff all goods imported into the USA with some exceptions....it remains to be seen what may be exempt or tariffed in the coming weeks or months.
There are reasons why we don't make a lot of items we import such as shoes, clothing, coffee, etc. We don't know the 2nd and 3rd order effects of these tariffs....if the tariffs remain in effect, as outlined, then we may have much bigger problems.
A large issue with the tariffs is how they will affect those living paycheck to paycheck, retired folks, those on fixed income, etc. will be hit the hardest as the daily cost of living will increase.
Yes, the national debt, social security, healthcare, and overall government spending needs to be addressed.....I support cutting government spending but I am concerned we are using tariffs to raise revenue for a future tax cut? Not really the best way to achieve the goal....
I guess we shall see what happens...
I was a bit taken back by the scope and scale of the tariffs Trump outlined, I guess we will see where this all shakes out and reactions of countries around the world.
The USA is approximately 4-5% of global population, 25-30% of worldwide markets, approximately 4% unemployment. It would be difficult at best for the USA to produce all it consumes - actually not even close.
Make no mistake tariffs are a tax....when you tax something you get less demand, less production - decreased economic activity. It's noteworthy that we (through Trump's tariffs) are going to tariff all goods imported into the USA with some exceptions....it remains to be seen what may be exempt or tariffed in the coming weeks or months.
There are reasons why we don't make a lot of items we import such as shoes, clothing, coffee, etc. We don't know the 2nd and 3rd order effects of these tariffs....if the tariffs remain in effect, as outlined, then we may have much bigger problems.
A large issue with the tariffs is how they will affect those living paycheck to paycheck, retired folks, those on fixed income, etc. will be hit the hardest as the daily cost of living will increase.
Yes, the national debt, social security, healthcare, and overall government spending needs to be addressed.....I support cutting government spending but I am concerned we are using tariffs to raise revenue for a future tax cut? Not really the best way to achieve the goal....
I guess we shall see what happens...
SmithJJ, you referenced the scope of the tariffs. It's 50% of what we are tariffed. Why is that so egregious ? Tariffs are not going to solely fund tax cuts. Reduced spending, eliminating fraud and abuse , and a booming economy will fund tax cuts. It's a proven method. I will concede that our president sometimes gets caught up in the moment and goes too far with his statements. But after 4 yrs I'd expect people to understand it. He's not a politician. He talks like one of the guys. My question is this. He ran on tariffs and one convincingly. Over 7M on popular vote as well. Now he is doing what he said he would. Why our people shocked? Other countries will fall in line. They all need us more than we need them. And remember it's only a tax if you choose to pay it. Don't you wish all taxes were optional? Even Janet Yellen says impact to consumer will be low if any.
Oh, the horror of it all...Hazbro Toys and Nike Sneakers will cost more...how will we survive!!!!!!!!!!!
Bald1,
I think you are using a general number of 50% on what other countries tariff the US and that is an overstatement to say the least......
I did not say tariffs would completely pay for tax cuts but cutting taxes when we are running such large deficits? Both Biden, Trump, and the Congress over the last number of years attributed greatly to the deficits and National Debt...in fact under the first Trump term the US national debt grew approximately $8 trillion!
Trump says a lot of things, changes his mind constantly, and is no economic genius....I have my view you have yours....we will see how this all shakes out...
As to not "paying" tariffs....you may not realize it yet but if these "stay on" you will...in one form or another....
Take care and have a great day!
I think you are using a general number of 50% on what other countries tariff the US and that is an overstatement to say the least......
I did not say tariffs would completely pay for tax cuts but cutting taxes when we are running such large deficits? Both Biden, Trump, and the Congress over the last number of years attributed greatly to the deficits and National Debt...in fact under the first Trump term the US national debt grew approximately $8 trillion!
Trump says a lot of things, changes his mind constantly, and is no economic genius....I have my view you have yours....we will see how this all shakes out...
As to not "paying" tariffs....you may not realize it yet but if these "stay on" you will...in one form or another....
Take care and have a great day!
But we did tens of billions of dollars business in Russia until February 2022 - once they are out of Ukraine, we will again. Like all other countries, they have tariffs on our stuff by categories with a catchall for stuff yhat doesn't fit neatly into the categories. Most of the categories had tariffs from 2.5% to 9.8%, but uncategorized imports (specialized oilfield equipment, aircraft, aircraft parts, aircraft servicing equipment and on and on) can be tariffed at the port of entry up to 351% and change. That's beyond the bribes you have to pay to corrupt Russian customs officials - those are the norm, not an exception. But I can sure see how inhabited islands are taking advantage of us.
I call bovine excrement.
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DWalt
Member
I decided long ago that my two aging vehicles will not be replaced so long as they are repairable. I have no interest in impressing my friends and neighbors with a new car. All I care about is getting from point A to point B. I don't purchase depreciating assets. At least most of the time.
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