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post #1 of 14 (permalink) Old 09-27-2018, 08:05 AM Thread Starter
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Steel tariffs costing Ford big money

Ford CEO Jim Hackett recently shared in an interview earlier this week, that the Trump administrations tariffs on metals has already made big impacts on the companies balance sheet. Apparently the changes have already resulted in a loss of around $1billion in profits, and should the trade war continue, there will be even more damage. With the raised costs of imported steel, domestic suppliers have begun to raise their prices to match.
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post #2 of 14 (permalink) Old 09-27-2018, 01:20 PM
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these tariffs can backfire on the U.S. economy big time because the one big thing Trump promised can go away overnight and that is JOBS, JOBS, JOBS.
their neighbor to the north produces a lot for America and the world.
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post #3 of 14 (permalink) Old 09-28-2018, 08:01 AM
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Was really hoping that Trump was just going to use these tariffs as a scare tactic to bring other countries to the negotiation table, but that's not looking like the case anymore. Don't think he realizes that its doing more harm than good, especially for NA automakers.
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post #4 of 14 (permalink) Old 09-30-2018, 06:50 PM
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Originally Posted by Caine View Post
Was really hoping that Trump was just going to use these tariffs as a scare tactic to bring other countries to the negotiation table, but that's not looking like the case anymore. Don't think he realizes that its doing more harm than good, especially for NA automakers.
Its a different world, one where America is not nearly as important and it been showing in other forms. One of them being wealthy families moving their money to other nations and regions of the world. At this point it can go either way and I don't think it'll be good.
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post #5 of 14 (permalink) Old 10-03-2018, 07:57 AM
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He really just wants Americans buying and driving more American made vehicles, but that's going to be more difficult with the price hikes that we're seeing from most manufacturers in an effort to absorb the increased cost for materials. I'll bet that Harley Davidson is just one of the first companies that will have to take production overseas.
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post #6 of 14 (permalink) Old 10-03-2018, 07:05 PM
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He really just wants Americans buying and driving more American made vehicles, but that's going to be more difficult with the price hikes that we're seeing from most manufacturers in an effort to absorb the increased cost for materials. I'll bet that Harley Davidson is just one of the first companies that will have to take production overseas.
some new moves on the NAFTA end did bring some calm to this storm, however I don't think all is set in stone.
this new administration has shown to make bold moves and rather fast, i'll be watching to see where car makers are spending their billions
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post #7 of 14 (permalink) Old 10-04-2018, 07:56 AM Thread Starter
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Not only does he want more American based cars in the U.S but he also wants them to be more prevalent overseas in places like China and that's never going to happen. Lets just hope that this administrations disbelief in global warming doesn't cause them to make any changes to green initiatives such as hybrids and EV's.
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post #8 of 14 (permalink) Old 10-05-2018, 07:57 AM
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They seem more concerned with locking in EPA regulations, but to be honest I doubt that will stop automakers from advancing their technology. The investments have already been made regardless of the changes that the government decides on.
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post #9 of 14 (permalink) Old 10-10-2018, 07:57 AM
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I doubt that they will be able to achieve this, with states like California leading a charge to stop it. Locking in current standards until 2025 is counterproductive with so many EV's joining the market in the next two years.
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post #10 of 14 (permalink) Old 10-10-2018, 12:41 PM
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America is at the mercy of countries like China and likewise for the rest of the western world. China is working hard at establishing global partners outside of the western system.
All this will mean as the years go on is a shift who controls big industry. Just hope the American economy doesn't come crashing down!
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