Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo

[FightFight]

Source: businessinsider

Donald Trump said he'd put in place 25% tariffs on Mexican and Canadian imports upon taking office.

This would push up prices for US-assembled cars by an average of $2,100, according to Wells Fargo.

Mexico's president said her country would retaliate in kind to tariffs, impacting joint ventures.

Read more: https://www.businessinsider.com/trump-tariffs-raise-us-car-prices-thousands-mexico-wells-fargo-2024-11?utm_source=reddit.com

---

WHY IS TRUMP INSTITUTING TARIFFS ON DAY 1?

THE BIGGEST WINNER IN THE LAST ROUND OF TARIFFS WAS RUSSIA--TODAY NOW 20TH 2024 THE HEADLINE AT NEWSWEEK
Russian Ruble Collapses As Putin's Economy in Trouble -https://www.newsweek.com/russia-ruble-dollar-currency-economy-1992332--TRUMP TO THE RESCUE

TRADE WARS ARE GOOD AND EASY TO WIN TRUMP TWEETED - March 2018--AND AS ALWAYS HE WAS RIGHT--IT WAS A WINDFALL... FOR MOTHER RUSSIA


1. The wine market in **Russia**: growth returned --US wine exports decrease 5% in 2018, reflecting trade war--Russia to almost double its vineyards by 2020
https://www.thedrinksbusiness.com

Related Headlines

1. **Russia** ready to fill China's food gap left by US in trade war
https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2019-06-08-story210028-Russia_ready_to_fill_China_s_food_gap_left_by_US_in_trade_war_fallout

2. **Russian** lumber industry benefiting from Canada-U.S. trade war
https://www.theglobeandmail.com/report-on-business/us-houses-are-using-more-russian-lumber-thanks-to-canada-spat/article36039527/

4. **Russian** steel exports to the European Union have risen by around 40% in 2018.As Trump's U.S. tariffs have scrambled the global steel trade creating chaos here at home https://www.fastmarkets.com/insights/trade-in-the-crosshairs-trumps-steel-tariffs-and-the-ripple-effect-on-global-trade/

5. **Russia's** Rusal says aluminum sales up 21% https://www.reuters.com/article/rusal-output/russias-rusal-says-aluminium-sales-up-21-q-q-idUSL8N24R30P/

6. U.S. wheat exporters losing ground as Mexico turns to **Russia** because of Trump's trade war
https://www.theglobeandmail.com/business/article-us-wheat-exports-fall-behind-as-mexico-turns-to-russian-supply-amid/

11. 2018 - U.S. Lobster Exports to China Free falling Amid Trump Trade Dispute---2023 Russia doubles seafood exports to China - https://www.intrafish.com/markets/russia-doubles-seafood-exports-to-china/2-1-1556087?zephr_sso_ottHnjfEB
Nov 16, 2023

7. China's Jan imports of **Russian** aluminum surge tenfold https://customstoday.media/chinas-jan-imports-of-russian-aluminium-surge-tenfold-customs/

8. **Russia's** Newest Ambition in China Is Selling More Chicken https://www.poultryworld.net/the-industrymarkets/market-trends-analysis-the-industrymarkets-2/china-increasingly-relies-on-russian-poultry/

9. China Buys Record Amount of **Russian** Soy as It Shuns U.S. - China, the world's biggest soybean importer, almost tripled purchases from Russia amid a trade dispute with the U.S. https://www.bloomberg.com/news/articles/2018-05-17/china-buys-record-amount-of-russian-soy-as-it-shuns-u-s-growers

10. American LNG--liquid natural gas-- exports threatened as China turns to **Russia** https://asia.nikkei.com/Economy/Trade-war/American-LNG-exports-threatened-as-China-turns-to-Russian-sources

45. **China imports Russian raw milk for first time** -
Sep 6, 2019 -Dairy production in Russia is finally on the rise 2018--https://www.chinadaily.com.cn/a/201909/06/WS5d721d07a310cf3e3556a2ea.html#::textHARBIN%20%2D%20A%20tank%20truck%20carrying,has%20imported%20Russian%20raw%20milk.

12. South China province--**Guangdong's trade with Russia reached 19.74 billion yuan (2.86 billion U.S. dollars) from January to April, up by 26.5 percent from the same period last year. Guangdong's imports of aluminum, copper, paper pulp, fertilizer and raw material for plastic from Russia has been growing** https://www.tanndy.com/guangdongs-trade-with-russia-rises.html

199. **Russia** plans to discuss reducing import duties with China--basically russia is reducing its tariffs and seeing its exports with China grow while Trump is doing the exact opposite ---this way RUSSIA CAN GROW ON THE BACKS OF THE AMERICAN FARMERS--BUT HEY THEY DON'T CARE SOMETHING SOMETHING BLACK LADY

2666. January, China had scrapped the import ban on **Russian** dairy and poultry. https://www.forbes.com/sites/kenroberts/2019/11/14/china-ends-five-year-ban-on-us-poultry-but-russia-holds-key-to-return-to-record-years/

China has already become **Russia's** major trading partner, helping offset the impact of geopolitical uncertainty with the West, the Kremlin is now striving to assert itself as an indispensable destination for Beijing amid Trump's trade war. **Russia's** economic growth reached a six-year high-IN 2019---A YEAR AFTER THE TRUMP TRADE WAR https://www.scmp.com/comment/insight-opinion/article/3009679/china-and-russia-arent-economic-equals-thanks-us-trade-war

**Soybean sales from U.S. farmers to China, the world's largest buyer of the crop, had dropped more than 90 percent. Sales of dairy products, like whey, dropped by 43 percent, and cheese export values fell about 85 percent.**

Steep tariffs are hurting U.S. business, and CEOs are saying so--**"What Trump has done to undermine our global leadership in terms of major multinational companies will be hard to undo," says a former Republican cabinet member**. it's hurting commerce worldwide. **Global growth will drop to 3% next year --2019--2020, predicts the International Monetary Fund, the slowest growth since the financial crisis. The No. 1 culprit: "rising trade barriers."**

**ALL ROADS LEAD TO PUTIN YET TRUMP CLAIMS TO LOVE THE AMERICAN FARMER--WELL HOW DID THEY FARE THROUGH THIS DEBACLE**

1. US farmers hit hard by retaliatory tariffs imposed by China https://rollcall.com/2024/11/14/trumps-tariffs-seen-delivering-a-repeat-blow-to-us-farm-exports/


2. Trump's $16 billion farm bailout will make rich farmers richer--Wapo -https://www.washingtonpost.com/business/2019/07/31/trumps-billion-farm-bailout-will-make-rich-farmers-richer-hasten-small-farm-failure-study-says/


3. Trump's Hollow Promise of Trade-War Relief for Small Farms https://www.ewg.org/news-insights/news/trumps-hollow-promise-trade-war-relief-small-farms

4. 'Trump is ruining our markets': Struggling farmers are losing a huge customer to the trade war -- China https://www.cnbc.com/2019/08/10/trump-is-ruining-our-markets-farmers-lose-a-huge-customer-to-trade-war----china.html

5. Trump's China trade deal--the new deal is a farce--Phase 1 consists mainly of vague, secondhand promises https://www.forbes.com/sites/patrickwwatson/2020/01/02/trumps-china-agreement-is-a-fake-deal/

6. Farm bankruptcies climb in wake of catastrophic weather, trade conflicts https://omaha.com/news/state_and_regional/farm-bankruptcies-climb-in-nebraska-and-iowa-in-wake-of-catastrophic-weather-trade-conflicts/article_6c3c1b11-d106-5b00-93b2-8bbcc2027996.html

7. Wisconsin leads nation in family farm bankruptcies jan 2020 https://www.wisfarmer.com/story/news/2020/01/31/wisconsin-continues-lead-u-s-farm-bankruptcies/4625866002/

8. 'Trump is ruining our markets': Struggling farmers are losing a huge customer to the trade war -- China
https://www.cnbc.com/2019/08/10/trump-is-ruining-our-markets-farmers-lose-a-huge-customer-to-trade-war----china.html

9. Trump Wants Small Farmers to Clear Out for the Big Guys https://www.truthdig.com/articles/trump-wants-small-farmers-to-clear-out-for-the-big-guys/

10. Trump's USDA Chief Thinks Farm Workers Are Overpaid https://www.motherjones.com/politics/2020/01/trumps-usda-chief-thinks-farm-workers-are-overpaid/

11. **Trump administration showers Brazilian crooks with $62M bailout money meant for struggling U.S. farmers**--Trump giving money to corrupt peopNoNoo say it isn't so
https://www.newsweek.com/trump-administration-farmers-bailout-brazil-brothers-1427346

12. **Trump administration has given $200K in U.S. farm bailout to a corrupt Japanese firm** https://www.inquisitr.com/5475892/millions-in-farm-bailout-money-went-to-shady-foreign-firms/

13. China's exit piles on to a devastating 2019 for farmers, who've struggled through record flooding and droughts that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.

**SUMMARY**
Before hostilities escalated in 2017, the U.S. was China's top agricultural supplier for 18 years running, relying on the nation for almost 20% of its farm goods imports amounting to $24 billion a year.And that's where China has been exposed by the trade war.
**Imports from the U.S. tumbled 45% in 2018** as the two countries hit each other with tariffs. Beijing slapped retaliatory levies ranging from 5% to 60% on almost all American farm goods including soybeans, pork and corn. The duties **gave Beijing crucial leverage over Washington, prompting Trump to announce a $28 billion bailout for farmers faced with a devastating loss in business. But they also forced China to search for supplies elsewhere.**

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**Trump: If elected, "we'll have so much winning, you'll get bored with winning" SEPTEMBER 9, 2015**


2024
How China reduced its reliance on US farm imports, softening trade war risks https://www.reuters.com/markets/commodities/how-china-reduced-its-reliance-us-farm-imports-softening-trade-war-risks-2024-11-13/

Feb. 4, 2022: China allows imports of wheat and barley from all regions of Russia, the world's biggest wheat exporter.


Why Trump is bad for business---America's first billionaire President promised to bring a C-suite sensibility to the Oval Office. It started well--but now bad policy choices have pushed CEO confidence to the lowest level in a decade. https://fortune.com/longform/trump-policies-bad-for-business-trade-immigration-taxes-regulations-us-economy/

[underpants]

1. So, everyday people will be paying for tax cuts for the rich AND promote Russian economy

Figures.

[albert992]

2. Sometimes I wonder which side Trump is on

Like this will clearly mess over the entire economy, well mostly for the lower class

[Karasu]

5. Sometimes?

[JoseBalow]

7. Wonder?

[WhiteTara]

3. I see a trend here

Russia benefits and Americans get the doo whacka doo

[SWBTATTReg]

4. The Russian economy is 5% or smaller of the size of ours, perhaps China's too. They are not going to be able

to even swing a baseball bat at the demands of the US economy.

Perhaps people are freaking out about Russia sales, trade, etc. but the truth of the matter is that Russia is a 3rd world economy, it's literally too small to really make an impact on anything. The 11th largest.

[FightFight]

8. The trump tariffs allow russia to build new economic relations that insulate it from sanctions when it goes awry

i remember a similar response in terms of hilary losing in 2016 and the supreme court picks--i was told hillary was just a s bad as trump and now here we are ---at least those of us who live in America--with the most corrupt court in history and probably currenlty the world---very doubtful hillary would have picked the same people picked by the guy who was mentioned 70 times in the epstein report

[C Moon]

6. I wish the markets, car dealers, etc would list charges: "cost, taxes, trump tarriffs..."

So buyers can see what they are paying for that punk-ass criminal lunatic.

[Timeflyer]

9. But when the ginormous pick-up truck boys, with their Orange Shitstain flags, go to get their next piece of road jewelry

somehow, of course, they'll blame the Dems.