How are auto makers going to handle tariffs?

[Sikkun]

The Great Depression didn't "work itself out". The government had to step-in in a big way. Lots and lots of people ended up suffering during the decade or so it took to recover. Sadly, a lot of the hard earned lessons of that time seem to have been forgotten and that's why people are have a gloomy outlook on things now.

And that whole World War thing is what ended it, causing 100’s of millions of deaths.

Sure that part was great for US economy though. So I guess it worked itself out.

And we are just ignoring the people in charge are actively trying to remove all the safety nets created as a response to said depression…..

I can’t even imagine living with this level of lack of empathy. People’s live so well they literally have lost the ability to even fathom how bad things can get. Sure, humanity as a whole will survive, like the cockroaches we are.

Guess maybe Americans really do need to understand what total war would look like fought with modern weapons actually on our soil. Because we definitely take for granted everyone else bearing that cost for us.

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[bryanthayden]

my 2023 MME Select Trim is valued at $23K ...even one owner with 18K miles

while I am grateful for the Ford Motor Credit 1.9% APR...I don't mind new MME production to rest for a period as this could increase the new & used value(s) especially as fuel prices increase.

 

[DennisD]

And the fact that the Great Depression ended means, “it worked itself out.”

People are extremely resilient. And the US economy has shown this time and time again.

This too shall pass. Every time I hear people claiming “this is the end, this time is different,” we both are happy a short time later that they were wrong.

And a normal recession and the Great Depression are nothing alike. One is part of a normal market cycle, the other is a one off that we learned a lot from.

I don’t think I’m more confident than the man in charge. Not by a long shot. He believes everything is an extreme (the best or the worst), I live in the “it’s ok” camp.

Getting too excited or too scared never seemed to do anyone any good.

That may be the most insensitive and deaf tone thing that I have heard in quite some time. My parents and grand parents told me some pretty horrific things that happened in that era and I am quite confident that after telling their stories it didn't end with, "it worked itself out".

It would be like a smoker that got cancer and had a really bad cough. 6 months later he died of cancer and you stated, "Well the good thing is that he doesn't cough any more and it worked itself out."

 

[Mach1E]

That may be the most insensitive and deaf tone thing that I have heard in quite some time. My parents and grand parents told me some pretty horrific things that happened in that era and I am quite confident that after telling their stories it didn't end with, "it worked itself out".

It would be like a smoker that got cancer and had a really bad cough. 6 months later he died of cancer and you stated, "Well the good thing is that he doesn't cough any more and it worked itself out."

Wow, your over reaction to my statement is definitely in line with the over reaction to what’s going on now.

You completely missed what I was saying. At this point I think we are just talking right past each other instead of trying to understand one another.

Yes, the Great Depression was horrible, but it wasn’t the end and the economy came back. That’s all I was trying to say.

My grandparents spent the rest of their lives waiting for and preparing for the “next Great Depression,” which never happened.

If you’re looking for reasons to find despair, you don’t have to look hard. I just don’t have as much of a doom and gloom mentality. I would rather spend the rest of my life not looking for the next tragedy, which may never occur.

 

[DennisD]

Wow, your over reaction to my statement is definitely in line with the over reaction to what’s going on now.

You completely missed what I was saying. At this point I think we are just talking right past each other instead of trying to understand one another.

Yes, the Great Depression was horrible, but it wasn’t the end and the economy came back. That’s all I was trying to say.

My grandparents spent the rest of their lives waiting for and preparing for the “next Great Depression,” which never happened.

If you’re looking for reasons to find despair, you don’t have to look hard. I just don’t have as much of a doom and gloom mentality. I would rather spend the rest of my life not looking for the next tragedy, which may never occur.

Your statement that "things will work itself out" could technically be used in every occasion. That is, if you dismiss the hard work that entities/individuals do behind the scenes along with looking past death/disease etc. that came to the people before us.

Your parents, along with most of the Country (due to their preparing) was a direct result on why we have enjoyed a rather "good" environment for the past Century from a financial standpoint.

What is funny/ironic, is that you used the word "preparing" as a negative in describing your parents outlook if you will. I personally use it as an "insurance policy" to insure me and others that we will not go back (or great again as some suggest).

Those "great" times are usually viewed in a lens that don't see heartache but rather a naive way of looking at things. A teenager mentality comes to mind when I hear people suggest that "things just happen" or "things will work itself out". They don't realize that people more times than not, are using fear to not have it happen again and are preparing for the worst and hoping for the best.

Now granted, people for the most part fear too much and they find out that it was all for not. But, as a Country we can never forget where we were and we should always work towards preserving what we have built.

What I see now is the crumbling of many safe guards and I, along with many people are starting to "scream from the rooftops" that this house of cards is fragile and could come crashing down.

You, on the other hand are suggesting that we are over reacting and all will be good eventually. Yes, someday it will. It would be nice to do something about it if we can BEFORE it can/will happen.

Btw, I am guessing you were never raised "as hungry" in your life. My parents/grandparents describe times that they were. But you know what, a decade later they were fine and didn't have that feeling of being hungry when going to bed. In other words, it all worked itself out magically and I don't know why they overreacted.

 

[Mach1E]

Your statement that "things will work itself out" could technically be used in every occasion. That is, if you dismiss the hard work that entities/individuals do behind the scenes along with looking past death/disease etc. that came to the people before us.

Your parents, along with most of the Country (due to their preparing) was a direct result on why we have enjoyed a rather "good" environment for the past Century from a financial standpoint.

What is funny/ironic, is that you used the word "preparing" as a negative in describing your parents outlook if you will. I personally use it as an "insurance policy" to insure me and others that we will not go back (or great again as some suggest).

Those "great" times are usually viewed in a lens that don't see heartache but rather a naive way of looking at things. A teenager mentality comes to mind when I hear people suggest that "things just happen" or "things will work itself out". They don't realize that people more times than not, are using fear to not have it happen again and are preparing for the worst and hoping for the best.

Now granted, people for the most part fear too much and they find out that it was all for not. But, as a Country we can never forget where we were and we should always work towards preserving what we have built.

What I see now is the crumbling of many safe guards and I, along with many people are starting to "scream from the rooftops" that this house of cards is fragile and could come crashing down.

You, on the other hand are suggesting that we are over reacting and all will be good eventually. Yes, someday it will. It would be nice to do something about it if we can BEFORE it can/will happen.

Btw, I am guessing you were never raised "as hungry" in your life. My parents/grandparents describe times that they were. But you know what, a decade later they were fine and didn't have that feeling of being hungry when going to bed. In other words, it all worked itself out magically and I don't know why they overreacted.

Again……
No. Completely off from the point I’m making. And I didn’t suggest any of that.

You asked how I could have a positive outlook, and I answered.

Then you once again take one line of what I say, add your own spin and meaning to it and then argue against that straw man argument.

Add some ad hominem attacks in the end of your statement above and here we are….. are you going for the logical fallacy trifecta?

I’ll try to sum up and say as little as possible so I can’t once again get misquoted.

1. Tariffs could be bad
2. Things could get worse
3. Too early to know if 1 or 2 are true
4. I’m optimistic that this current trade war won’t last long
5. This is nothing new, we’ve been through things like this before (and much worse before) and the economy recovered

 

[Mach1E]

If you want to see what it looks like to not panic while horrible things are happening in the world, take a look at this chart-

https://www.capitalgroup.com/advisor/pdf/shareholder/mfgepsx-004_icac.pdf

 

[DennisD]

Again……
No. Completely off from the point I’m making. And I didn’t suggest any of that.

You asked how I could have a positive outlook, and I answered.

Then you once again take one line of what I say, add your own spin and meaning to it and then argue against that straw man argument.

Add some ad hominem attacks in the end of your statement above and here we are….. are you going for the logical fallacy trifecta?

I’ll try to sum up and say as little as possible so I can’t once again get misquoted.

1. Tariffs could be bad
2. Things could get worse
3. Too early to know if 1 or 2 are true
4. I’m optimistic that this current trade war won’t last long
5. This is nothing new, we’ve been through things like this before (and much worse before) and the economy recovered

I agree with everything that you have stated except for line 5.

Our democracy is being dismantled and many won't know it until it is too late.

Once again, I wish I shared your positive spin but I am just not there yet.

 

[Omen]

Wow, your over reaction to my statement is definitely in line with the over reaction to what’s going on now.

You completely missed what I was saying. At this point I think we are just talking right past each other instead of trying to understand one another.

Yes, the Great Depression was horrible, but it wasn’t the end and the economy came back. That’s all I was trying to say.

My grandparents spent the rest of their lives waiting for and preparing for the “next Great Depression,” which never happened.

If you’re looking for reasons to find despair, you don’t have to look hard. I just don’t have as much of a doom and gloom mentality. I would rather spend the rest of my life not looking for the next tragedy, which may never occur.

Your last statement is very true, too many people these days with doom and gloom mentality, usually all for nothing other than just hatred.

 

[CarlSagan82]

Sorry but you cannot “both sides” this one. The administration has repeatedly said foreign “enemy” governments are taxed on tariffs and it’s a tax cut for Americans. The press secretary said this yesterday word for word. If one side is literally lying about basic facts when it comes to tariffs how can there be any trust of the process or even hope it will “work itself out”

 

[DennisD]

Sorry but you cannot “both sides” this one. The administration has repeatedly said foreign “enemy” governments are taxed on tariffs and it’s a tax cut for Americans. The press secretary said this yesterday word for word. If one side is literally lying about basic facts when it comes to tariffs how can there be any trust of the process or even hope it will “work itself out”

I am with you.

I am close to 61 years old and I have never experienced anything remotely like the events that this has caused.

The crazy thing is that almost all of our allies are mad at us (and rightly so) and our non-allies if you will, seem to be cheering us on.

For those that are not concerned, you are not paying attention to this event or history in general.

Things will work out? Yeah, but for who? The Ultra Rich will be fine and everything will work itself out with them. The poor, not so much. The one's living paycheck to paycheck will be left to fend for themselves.

We have seen this movie before and the ending is not pretty. Tariff wars lead to no good and many people will be taken down in the process.

 

[Mach1E]

I agree with everything that you have stated except for line 5.

Our democracy is being dismantled and many won't know it until it is too late.

Once again, I wish I shared your positive spin but I am just not there yet.

I’ll accept disagreeing there. As of course it’s just both of us speculating on the future.

Maybe it’s my nature to look past the headlines. I did work for a newspaper for 8 years after all.

The real news never seems to be as good, nor as bad as the headlines suggest.

I also learned that the “real news” died along with the newspapers. The “news” used to be what happened yesterday.

Now it’s all just a “prediction of what could happen tomorrow.” That’s not news, it’s science fiction. I wish the news today came with a disclaimer that said “for entertainment purposes only.” The old news disclaimer used to be at the top of the section named: Opinion.

 

[MacherAWD]

I’ll accept disagreeing there. As of course it’s just both of us speculating on the future.

Maybe it’s my nature to look past the headlines. I did work for a newspaper for 8 years after all.

The real news never seems to be as good, nor as bad as the headlines suggest.

I also learned that the “real news” died along with the newspapers. The “news” used to be what happened yesterday.

Now it’s all just a “prediction of what could happen tomorrow.” That’s not news, it’s science fiction. I wish the news today came with a disclaimer that said “for entertainment purposes only.” The old news disclaimer used to be at the top of the section named: Opinion.

Correct, news like every other aspect of business has succumb to capitalism. News used to be about delivering news. Now they need ratings and profits to survive. So it started slow, all those splashy scary stories "is your dehumidifier killing you" to now just being whatever gets the most views.

Although entertainment sites (like Foxnews) does not help at all. If a "news" site has to admit under oath that they are purely entertainment you would think people would care; they dont, hence it all goes to sh*t.

 

[Mach1E]

I am with you.

I am close to 61 years old and I have never experienced anything remotely like the events that this has caused.

The crazy thing is that almost all of our allies are mad at us (and rightly so) and our non-allies if you will, seem to be cheering us on.

For those that are not concerned, you are not paying attention to this event or history in general.

Things will work out? Yeah, but for who? The Ultra Rich will be fine and everything will work itself out with them. The poor, not so much. The one's living paycheck to paycheck will be left to fend for themselves.

We have seen this movie before and the ending is not pretty. Tariff wars lead to no good and many people will be taken down in the process.

Maybe? But I think we both hope not.

To the immediate topic at hand, a tariff war on cars happened as recently as a few months ago with Biden imposing a 100% tariff on China.

A tariff “war” happened in 2018 with Trump fighting with China.

The same doom and gloom predictions were going on in 2018 and it turned out ok.

Allies all being mad at us? Sounds like exactly what I was told in 2016 and 2002.

I don’t feel like history repeats itself, but it often rhymes.

We shall see, but this doesn’t seem all that different than what we’ve seen before.

When talking about topics like this, I like to share this quote and have people guess when it was written-

““It is a gloomy moment in the history of our country. Never has the future seemed so incalculable as at this time. The domestic economic situation is in chaos. Prices are so high as to be utterly impossible. The political caldron seethes and bubbles with uncertainty. Russia hangs as usual, like a cloud, dark and silent upon the horizon. It is a solemn moment. Of our troubles no man can see the end.”

It could sound like many times, even now. But it’s from Harper’s Weekly in 1857.

 

[Snakebitten]

Canada's leadership is "mad at" the US leadership.

All while there are millions of Canadians cheering the US leadership on.

There's almost always more to the story than the mainstream narrative.

Still, having said that, selfishly I really would love to test drive a BYD Shark!
And would like to at least be given the choice to purchase it, IF I desire to. Tarrif and all. ?

I'd get kicked out of almost all "tribes".
Never seen one yet that would have me if they asked me enough questions. ?

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