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Automobiles Groups
DJT US 25% auto import tariff April 2, 2025
03/30/2025
The impact of the 25% DJT US auto import tariff comes after NAFTA and USMCA Trade Treaty did little to prevent the outshoring of US jobs and manufacturing to Mexico and Canada. German and South Korean companies made about 80% to 60% of cars sold in the US in Mexico or in their home country. The outshoring was used by American and foreign companies as a way to keep American automobile wages low as American companies could threaten workers asking for higher wages with loss of jobs by outshoring the production. This happened for two decades under the elder Clinton, Bush and Obama administrations. The US International Trade Commission estimates in a 2024 study that this 25% tariff would increase revenues by 5% and prices by 5% in the US for cars. Higher prices over 10% would be borne by affluent buyers of BMW's, Benz and Audis. Because US auto plants have excess capacity and operate at 60% in 2025 they could quickly increase American production without increasing prices as American manufacturers car sales increase. Hyundai plans to invest $21 billion in US plants from 2025. UAW union supports this move by DJT and trade advisers Lighthizer, Jamieson USTR, and Navarro.
Grouped Articles
Trump says he 'couldn't care less' if car prices rise in the US
BBC News 03/30/2025
Transcript: UAW president Shawn Fain on "Face the Nation with Margaret Brennan," March 30, 2025
03/30/2025
How Trump’s Tariffs Are Hitting Big Car Producers, in Charts
WSJ 03/27/2025
Trump Warned U.S. Automakers Not to Raise Prices in Response to Tariffs
WSJ 03/28/2025
Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024
02/24/2025
Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.
Grouped Articles
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/2025
Olaf Scholz and the task of Renewal of Germany+European Union
12/09/2021
Grouped Articles
Chancellor Olaf Scholz? Change Without Disruption
Institut Montaigne 12/08/2021
Who is Olaf Scholz, the new German chancellor?
The Times 12/08/2021
Germany's Olaf Scholz pushes for stronger EU, issues warning to Russia | DW | 07.12.2021
DW.COM 12/07/2021
Germany’s Scholz Takes Power After Merkel’s 16-Year Rule
WSJ 12/08/2021
Xi Jinping's vision for China
09/21/2021
Much lower incomes for the 40% of Chinese who live in rural areas, and the worsening inequality during the pandemic with workers losing jobs or on low pay, with China lacking a system of unemployment insurance like the US and EU countries, have created a new urgency for president Xi to tackle these problems. Glaring inequality with IPO's creating new millionaires or billionaires are frowned upon and president Xi personally axed the Ant IPO. After a crackdown on corruption involving about 1 million people, Xi has shifted investment to rural areas to improve conditions of living. State run enterprises are seen as more reliable in achieving Xi's vision of less inequality after the excesses of unregulated capitalist development since 1990.
Grouped Articles
Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision
WSJ 09/20/2021
China Blocked Jack Ma’s Ant IPO After Investigation Revealed Likely Beneficiaries
WSJ 03/20/2021
China’s President Xi Jinping Personally Scuttled Jack Ma’s Ant IPO
WSJ 03/20/2021
China’s Xi Ramps Up Control of Private Sector. ‘We Have No Choice but to Follow the Party.’
WSJ 12/10/2020
China Urges New Era of Mass Migration—Back to the Countryside
WSJ 11/17/2020
China Beat Back Covid-19, but It’s Come at a Cost—Growing Inequality
WSJ 10/21/2020
Biden's multi-trillion infrastructure spending plans for renewal of America
03/30/2021
US president Biden is pushing ahead with infrastructure spending on a big scale. He no longer seeks support from Republicans as he does not want to see the plans shrink. He is able to do this because the American people now have new perceptions about the role of government. They see it as indispensable in trade, global supply chains, protecting American technology, and in keeping America ahead with the latest infrastructure, skills development with education, healthcare that keeps Americans healthy.
Grouped Articles
Live Updates: Learning From the Past, Biden Aims for Big Spending Early in His Term
NYTimes.com 03/30/2021
Biden to Outline Proposal for Infrastructure Spending, Tax Increases
WSJ 03/30/2021
Behind Biden’s Big Plans: Belief That Government Can Drive Growth
WSJ 03/30/2021
One-term leader Joe Biden in a hurry
The Times 04/01/2021
Joe Biden mimics Franklin Roosevelt with $2trn Covid recovery plan
The Times 04/01/2021
Rising prices for homes and cars during the pandemic
09/09/2020
With a limited supply of homes and lost car production, the remaining supply is being sold at higher prices to people who have not lost jobs during the pandemic. The cars are more upscale and the homes are further away from the core parts of cities.
Grouped Articles
Car Sales Are Down Almost 20%, but Prices Are Setting Records
WSJ 09/04/2020
Germany- low tech coronavirus contact tracing that works for reopening the country
05/27/2020
Grouped Articles
Human contact tracing provides valuable clues to COVID-19 infections | DW | 27.05.2020
DW.COM 05/27/2020
The first wave: How Germany’s coronavirus contact tracers helped to ease its lockdown
The Times 05/26/2020
Great American Revival Industry Task Force
04/15/2020
The Trump Business task force has two tasks. How to respond to the economic damage from coronavirus and how to reopen the economy. The president is fine with reopening parts of the economy at a time, with the federal government working together with state governors - the least risk ones going first, the most risk ones coming last done on the advice of health experts. Testing and virus tracking are key issues in reopening the economy with systems that are both efficient and reliable needed for public to have confidence.
Grouped Articles
Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing
WSJ 04/15/2020
The $2 trillion aid plan passed by the U.S. Congress in March 2020 as a response to the coronavirus crisis
03/26/2020
Grouped Articles
The $2 Trillion Plan to Help the Economy - The Journal. - WSJ Podcasts
WSJ 03/26/2020
Battery Pioneer Goodenough who at 97 years keeps going and going
10/11/2019
Grouped Articles
The Battery Pioneer Who, at Age 96, Keeps Going and Going
WSJ 10/10/2019
Ford Motor's disaster in the Chinese market by 2019- management out of touch with China's love of technology
07/23/2019
Ford management turnover at CEO and head of China operations and executives from Europe/ U.S. transplanted to China lacking touch with local conditions led to the disaster in the Chinese market with $1.5 billion in losses in 2018 and loss of about half of the Chinese market by 2019. Exuberant expansion as a latecomer hurt Ford, Peugeot and Hyundai, as the Chinese market declined in 2018-2019 with the new Trump administration in conflict with China over trade goals.
Grouped Articles
Carmakers' Rush to China Could Fuel Another Bubble
New York Times 02/27/2011
Ford’s Shrinking China Business Is Hurting Its Global Ambitions
WSJ 07/22/2019
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Ford: Riding High on China’s SUV Boom
Wall Street Journal 04/18/2016
Ford to Pour $1.8 Billion Into Smartcars for China
Wall Street Journal 10/13/2015
China’s motor industry: The coming crash
Economist 04/25/2015
The U.S. response in the trade war with China
05/15/2019
Grouped Articles
Here’s how the U.S.-China trade war could end
POLITICO 05/15/2019
Dow Sheds 800 in Biggest Drop of Year
WSJ 08/14/2019
U.S., China to Sign Deal Easing Trade Tensions
WSJ 01/15/2020
USMCA trade agreement that replaces NAFTA
04/29/2019
Grouped Articles
Trump’s New Nafta Faces Mounting Resistance in Democratic House
WSJ 04/28/2019
Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025
02/24/2025
Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
Grouped Articles
Why There Is No Relief Ahead for High Used-Car Prices
WSJ 02/15/25
The U.S. Economy Depends More Than Ever on Rich People
WSJ 02/24/25
Kamala Harris Agenda to Lower Costs for American Families
08/17/2024
A series of Actions from Kamala Harris to Cut Costs for American Families in Healthcare, Pharmaceuticals prices, Grocery prices, Housing and Rental prices. This is critical for families struggling from paycheck to paycheck.
Grouped Articles
Committee for a Responsible Federal Budget 08/17/24
The White House 08/17/24
Harris and Trump Offer a Clear Contrast on the Economy
NYTimes.com 08/17/24
The White House 08/17/24
The White House 08/17/24
Remarks by Vice President Harris at a Campaign Event in Raleigh, NC | The White House
The White House 08/17/24
Serious rethink of existing global supply chains
10/05/2021
Redesign of global supply chains is underway.
Grouped Articles
Supply chain crisis causes rethink at multinationals
10/03/21
‘A perfect storm’: supply chain crisis could blow world economy off course
The Guardian 10/02/21
East Asia’s Economies Face Slowing Growth and Rising Inequality, World Bank Warns
WSJ 09/28/21
The World Relies on One Chip Maker in Taiwan, Leaving Everyone Vulnerable
WSJ 06/19/21
For Clean Energy, Buy American or Buy It Quick and Cheap?
NYTimes.com 05/11/21
Global corporate minimum tax rate to pay for new infrastructure
04/07/2021
Grouped Articles
Biden Softens Tax Plan Aimed at Profitable Companies That Pay Little
WSJ 04/07/21
G-20 to Seek Agreement on Global Minimum Tax Rate by Mid-2021
WSJ 04/07/21
Treasury’s Yellen Calls for Global Minimum Corporate Tax Rate
WSJ 04/05/21
Yellen Pushes for Global Minimum Tax Rate on Companies: Live Updates
NYTimes.com 04/05/21
Biden Infrastructure Plan Aims to Boost Economy’s Productivity Over Time
WSJ 04/01/21
Joe Biden mimics Franklin Roosevelt with $2trn Covid recovery plan
The Times 04/01/21
Biden $1.9 trillion aid and US economic rebound by 2022
03/11/2021
The Biden aid package for $1.9 trillion, with over 50% going to ordinary Americans hit hardest by the coronavirus, leads to new optimism about an American economic rebound. The package cleared the US Congress on March 10, 2021. By the end of 2022 the OECD forecast is for a US economy that is larger than forecast before the pandemic.
Grouped Articles
New Stimulus Package Brings Big Benefits to the Middle Class
NYTimes.com 03/11/21
With Relief Plan, Biden Takes on a New Role: Crusader for the Poor
NYTimes.com 03/11/21
Triumphant Joe Biden secures $1.9trn bailout rescue deal
The Times 03/11/21
Unexpected U.S. Growth Surge Could Unbalance Fragile Global Economy
WSJ 03/09/21
China’s Rise Drives a U.S. Experiment in Industrial Policy
WSJ 03/10/21
America’s Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way.
WSJ 03/09/21
The vision of the European Union alive and well - Macron and Merkel in June 2020 responding to the pandemic
06/06/2020
Grouped Articles
Europe’s big two kiss and make up for pandemic rescue deal
The Guardian 06/06/20
Great American Revival Industry Task Force
04/15/2020
The Trump Business task force has two tasks. How to respond to the economic damage from coronavirus and how to reopen the economy. The president is fine with reopening parts of the economy at a time, with the federal government working together with state governors - the least risk ones going first, the most risk ones coming last done on the advice of health experts. Testing and virus tracking are key issues in reopening the economy with systems that are both efficient and reliable needed for public to have confidence.
Grouped Articles
Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing
WSJ 04/15/20
Millions of Europeans Are on Paid Leave. Governments Are Picking Up The Tab.
WSJ 04/22/20
Taking stock of the economic damage from coronavirus in April 2020- America
04/13/2020
Airlines, automobiles and retail are some of the worst hit industries.
Grouped Articles
How Coronavirus Spread Through Corporate America
WSJ 04/13/20
The Critical Variable in Keeping Coronavirus in Check
WSJ 04/20/20
Millions of Europeans Are on Paid Leave. Governments Are Picking Up The Tab.
WSJ 04/22/20
The cloud over Franco-German relations and the European project in 2019
11/30/2019
Grouped Articles
Franco-German Rift Clouds EU’s Future
WSJ 11/28/19
Germany falling behind in electric cars by 2019- impact on jobs and the economy
08/15/2019
Government forecasts of loss of 0.6% GDP and 13% loss in jobs by 2035 from lack of investment in electric cars and competition from China, Japan.
Grouped Articles
Rise of Electric Cars Threatens to Drain German Growth
WSJ 08/15/19
Nissan's future after the discontent with the Renault alliance in 2019
05/28/2019
Grouped Articles
As Fiat Chrysler Pursues Renault Tie-Up, Nissan Weighs Stakes
WSJ 05/28/19
Nissan and Renault Near a Deal to Resolve Corporate Governance Dispute
WSJ 06/19/19
China's response to the U.S. escalation of tariffs to 25% in May 2019
05/15/2019
Grouped Articles
China Invokes Patriotic Spirit as Trade Fight Escalates
WSJ 05/14/19
China Could Lose Face, Get Rich From a Trade Deal
WSJ 05/14/19
Donald Trump warns China he won't back down on trade tariffs
The Guardian 11/27/18
Here’s how the U.S.-China trade war could end
POLITICO 05/15/19
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