25% tariff on ALL imported autos announced

[run4eb]

This would be crazy. And also plausible with DT talking about tariffs on the campaign trail. If they paid attention, which I am sure they were, they totally could have done this.

 

[SC4Runner]

I have a friend who is an auctioneer. His company works a lot of bankruptcy cases. He shared this in a group chat:

“I just left a bankruptcy conference and teh lead economist for the SE region said that car sales were on the rise due to the possibility of tariffs. He said, as a side note, that if you are looking at cars you need to do it now. Whether the tariffs ACTUALLY happen is still in the air. Not me saying it - he was the one with the insider 411.”

 

[Hacksaw]

I have a friend who is an auctioneer. His company works a lot of bankruptcy cases. He shared this in a group chat:

“I just left a bankruptcy conference and teh lead economist for the SE region said that car sales were on the rise due to the possibility of tariffs. He said, as a side note, that if you are looking at cars you need to do it now. Whether the tariffs ACTUALLY happen is still in the air. Not me saying it - he was the one with the insider 411.”

I'm not sure there's really any insider information, just people claiming to have it. ;o) The outcome seems to be in the hands of the "magic 8 ball" at this point.

 

[Nodak]

90 day pause on all tariffs except china

Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.

 

[CORMC]

Liberation Long Weekend was tough.

 

[Hacksaw]

90 day pause on all tariffs except china

Not so fast. This is apparently just the reciprocal tariffs that are paused. The auto tariffs remain:
" He did, however, keep the 10% baseline duties that went into effect last weekend for all countries, although that does not apply to Mexico or Canada, which still face a separate set of duties related to fentanyl. Separate industry-specific tariffs on steel, aluminum, autos remain unchanged. "

(from: https://finance.yahoo.com/news/trum...e-people-were-yippy-and-afraid-181126787.html )