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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

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 02/15/2025

The U.S. Economy Depends More Than Ever on Rich People

WSJ 02/24/2025

China and the World Face a Double Blow from decades of housing construction enabled hyper growth- creating problems of climate change for the World and a slump in growth in 2023

10/16/2023

Decades of growth at 12-14% have left China and the World worse off. As Greg Ip pointed out in WSJ America could not cope with this hyper growth in a country many times the size of Japan after absorbing the growth of Japan in the sixties. The result was the closing down of factories and ever increasing imports from China until America had transferred its manufacturing prowess to China. This led to the societal breakdown in the US with communities dependent on factories across the US feeling the brunt. The other effects were an unprecedented in scale use of coal and fossil fuels to fuel hyper growth rates in China that created the problems of World Climate Change by 2023 and contamination of water, land and air inside China. By 2030 China will be aging rapidly similar to Japan today and the slowing economy in 2024 onwards could mean China will be stuck in the Middle Income category. All this poses lessons for America, for Europe, India and the World on what kind of growth is healthy and what kind is not, what is sustainable growth and what is not,what works well for the planet and what does not.

Grouped Articles

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

NYTimes.com 10/16/2023

An Even Bigger Housing Crisis Threatens China’s Economy

WSJ 09/18/2023

Is China’s Economic Predicament as Bad as Japan’s? It Could Be Worse

WSJ 09/19/2023

China’s Economy Remains Shaky After Challenging Summer

WSJ 10/13/2023

Food inflation of 15-20% in Europe in 2023 worsening cost of living crisis.

05/26/2023

As energy prices recede somewhat food prices remain very high in Europe increasing the impact on middle and lower income households. Food retailers are seen as increasing profit margins at a bad time for households. It has become that bad that households are cutting purchases by 10%.

Grouped Articles

Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – business live

The Guardian 05/26/2023

German economy enters recession, shrinks 0.3% in 1st quarter – DW – 05/25/2023

dw.com 05/25/2023

It Just Had an Energy Crisis, Now Europe Faces a Food Shock

WSJ 05/24/2023

Japan Core Inflation Hits 4% for First Time in Four Decades

WSJ 01/20/2023

UK inflation falls to 8.7% but food price rises remain close to 45-year high

The Guardian 05/24/2023

Spain announces €10bn help to fight rising prices

BBC News 02/02/2023

Indian effort to power renewable energy with the help of Denmark and Nordic countries

03/07/2023

Denmark is a key player for renewable energy expansion and for port logistics modernization in India. Denmark produces 50% of its energy from wind power, Germany 25%. A Danish business delegation accompanies the prime minister on a visit to New Delhi and India participates in a Nordic Conference in 2022.

Grouped Articles

A Nordic-India connect to power a green transition

The Hindu 02/08/2023

India-Nordic Summit

www.narendramodi.in 08/27/2022

Danish port city to play key role in Europe's wind energy plans | DW | 24.07.2022

DW.COM 07/24/2022

Denmark eyes Germany among top wind farm clients | DW | 09.10.2021

DW.COM 10/09/2021

Biden and his "Biggest bill on Climate Ever, Ever, Ever"

09/03/2022

The $369 billion Biden Bill on Climate is the biggest bill ever. It was put through with Biden's fellow senators and his long experience in the Senate of the US through the efforts of Senator Coon and Hickenlooper who took a new approach to negotiating with Senator Manchin appealing to his place in history and in the party. Biden said while signing the bill "Joe I never doubted for a moment." Senator Schumer of New York did the negotiations and persevered till the end when Manchin was on board. Adjustments were made to allow increase in drilling to bring down oil prices to create a win-win for all so that it could be called The Inflation Reduction Act of 2022 as pharmaceutical prices would also come down with the government retaking the right to negotiate pharmaceutical prices lost under Republicans. It is also a Win for Europe, India, and the World.

Grouped Articles

Biden Signs Expansive Health, Climate and Tax Law

NYTimes.com 08/16/2022

Biden Signs Climate, Health Bill Into Law as Other Economic Goals Remain

NYTimes.com 08/18/2022

What’s in Joe Manchin and Chuck Schumer’s Reconciliation Deal on Climate, Health and Tax Policy?

WSJ 08/12/2022

Climate Bill Aims to Boost America’s Charging Network to Meet Rising EV Demand

WSJ 08/12/2022

Opinion | Bill Gates: We’re on the Verge of a Remarkable Moment for Congress and the Country

NYTimes.com 08/07/2022

Democrats’ Climate and Tax Deal Closes In on Passage

WSJ 08/05/2022

How the Ukraine War Happened- Miscalculations on All Sides

04/03/2022

The WSJ report on the miscalculations going back 20 years by all sides looks at key events since 2002. An interview by Timakova and Kolesnikov of the Russian president provides more insights into his mindset and thinking.

Grouped Articles

An Astonishing Self-Portrait by Russia's President

NYTimes.com 04/02/2022

Opinion | What’s on Vladimir Putin’s Reading List?

WSJ 04/01/2022

Russian Strategy in Ukraine Shifts After Setbacks, and a Lengthy War Looms

WSJ 04/01/2022

Russia Set for Steep Slump and Long Stagnation in Wake of Ukraine War

WSJ 03/31/2022

Putin advisers ‘afraid to tell him truth’ about Ukraine error, says GCHQ head

The Guardian 03/30/2022

Biden says Putin ‘badly miscalculated’ in invading Ukraine.

NYTimes.com 03/02/2022

Escaping the algorithm based social media platforms TikTok, Facebook and others

12/29/2021

If and how it is possible to escape the algorithm based social media platforms TikTok, Facebook and others, harmful for girls and the young, and to mental health, diversity, and education that leads to upward mobility, is the subject of a WSJ series in 2021.

Grouped Articles

The TikTok Spiral, Part 1: Descent - Tech News Briefing - WSJ Podcasts

WSJ 12/27/2021

The TikTok Spiral, Part 3: Escape the Algorithm - Tech News Briefing - WSJ Podcasts

WSJ 12/29/2021

‘The Corpse Bride Diet’: How TikTok Inundates Teens With Eating-Disorder Videos

WSJ 12/17/2021

Teens Are Developing Tics. Doctors Say TikTok May Be A Factor. - The Journal. - WSJ Podcasts

WSJ 11/08/2021

Facebook Faces Official Questions in India Over Policing of Hate Speech

WSJ 10/28/2021

Facebook Whistleblower’s Testimony Builds Momentum for Tougher Tech Laws

WSJ 10/05/2021

Wall Street Journal Facebook Investigation and the Outrage Algorithm, Instagram's toxic nature for teen girls

09/21/2021

An algorithm that exaggerates the outrage online creating an angrier place on the internet is one of the findings of the WSJ Facebook Investigation. It shows broken policies, broken tech and broken management. The effects on women are equally insidious and dangerous for mental health.

Grouped Articles

The Facebook Files, Part 4: The Outrage Algorithm - The Journal. - WSJ Podcasts

WSJ 09/20/2021

The Facebook Files

WSJ 09/15/2021

Facebook Knows Instagram Is Toxic for Teen Girls, Company Documents Show

WSJ 09/14/2021

Why Free Is Too High a Price for Facebook and Google

WSJ 06/08/2019

Facebook Employees Flag Drug Cartels and Human Traffickers. The Company’s Response Is Weak, Documents Show.

WSJ 09/16/2021

Biden’s Facebook Attack Followed Months of Frustration Inside White House

WSJ 07/18/2021

Pope Francis and the call "not to return to the false securities of the political and economic systems we had before the pandemic."

11/27/2020

Two crises back to back in 2010 and 2020 which set back the working class, the middle class and the poor, and the neglect of capital allocation to healthcare, education, infrastructure. Pope Francis calls for a culture that feels others pain, that "gives access to all to the fruits of creation, to the basic needs of life: to land, lodging, and labor." See "Misallocation of Capital" in Top Stories for more coverage.

Grouped Articles


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