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  #161  
Old 07-09-2018, 10:04 AM
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Tesla increases price of Model S and Model X by over $20,000 in China due to new trade-war tariffs

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Tesla exports more electric vehicle to China than any other automaker today, but the company’s exports are likely to slow down as it raises the price of the Model S and Model X significantly due to rising tariffs as part of the current escalating trade war.

For a while, it looked like Tesla was going to escape the trade war between the US and China, and now quite frankly the rest of the world.

The company was preparing a massive push in China as import duties were planned to fall and local manufacturing is coming.

Prices of the Model S and Model X were decreased by 40,000 yuan to 90,000 yuan (~$6,000 to ~$14,000 USD) back in May.

An announcement about a Tesla factory in China was expected soon now that the automaker has set up a new company in Shanghai’s Free-Trade Zone.

It looked like Tesla was riding the wave until it could manufacture cars locally, but the trade war caught up with them and now the latest tariffs announced by the government is hitting the price of Tesla’s current vehicles in the country quite hard.

Over the weekend, the prices of the Model S and Model X were increased by 150,000 yuan to 250,000 yuan (~$22,600 to ~$37,600) depending on the version.

Those are significant price increases as the original 25% tariff was supposed to be reduced to 15%, but it was instead increased to 40% in retaliation for the US’s latest list of tariffs for Chinese products.

In China, Tesla was doing fairly well despite the 25% import duties.

The California-based automaker has doubled its sales to over $2 billion in China last year and they by far lead foreign electric car sales in the country.

But now the higher prices are expected to affect its sales until they can establish local manufacturing capacity and avoid the tariffs altogether.
https://electrek.co/2018/07/09/tesla...e-war-tariffs/
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  #162  
Old 07-13-2018, 06:42 AM
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Treasury's Mnuchin: 'I don't think we're in a trade war'

Uh-huh. He’s as clueless as Whell.

https://www.cnn.com/2018/07/12/polit...act/index.html
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  #163  
Old 07-13-2018, 07:19 AM
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No, he's as dishonest as whell. He knows damn well we're in a trade war.
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  #164  
Old 07-17-2018, 10:49 AM
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Orrin Hatch threatens to check Trump's tariff policy

https://www.cnbc.com/2018/07/17/key-...ff-policy.html

"If the administration continues forward with its misguided and reckless reliance on tariffs, I will work to advance trade legislation to curtail presidential trade authority," the Utah Republican said on the Senate floor Tuesday. "I am discussing legislative options with colleagues both on and off the Finance Committee and I will continue to do so."

Poor Whell. His little pea brain must be SO confused right now.
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  #165  
Old 07-17-2018, 09:35 PM
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In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal

Japan and the European Union have signed a massive trade deal that creates an open-trade zone for more than 600 million people. The EU and Japan account for about one-third of GDP worldwide.

"The document we signed today is much more than a trade agreement," said European Commission President Jean-Claude Juncker. "What we're saying is that we believe in open, fair and rules-based trade. What we are saying is that a trade agreement is not a zero-sum game, but a win-win for the involved parties."

https://www.npr.org/2018/07/17/62973...pen-trade-deal

Meanwhile, our idiot in chief, who understands absolutely nothing about trade, or anything else, starts absurd trade wars that will damage our economy for years if he's not stopped soon.
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  #166  
Old 07-17-2018, 10:37 PM
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Originally Posted by Chicks View Post
In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal

Japan and the European Union have signed a massive trade deal that creates an open-trade zone for more than 600 million people. The EU and Japan account for about one-third of GDP worldwide.

"The document we signed today is much more than a trade agreement," said European Commission President Jean-Claude Juncker. "What we're saying is that we believe in open, fair and rules-based trade. What we are saying is that a trade agreement is not a zero-sum game, but a win-win for the involved parties."

https://www.npr.org/2018/07/17/62973...pen-trade-deal

Meanwhile, our idiot in chief, who understands absolutely nothing about trade, or anything else, starts absurd trade wars that will damage our economy for years if he's not stopped soon.
Depressing, isn't it? We build on previous generations hard work and it's all blown away in an instant by some fucking fratboy loser who values some Russian tail more than his own country.
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  #167  
Old 07-19-2018, 09:32 AM
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Stupid is as stupid does...

https://www.cnbc.com/2018/07/19/trum...ceo-warns.html

I think some of these cars were going to exported to Europe from the US if I am not mistaken, thus getting hit with Dumbo's tariffs.
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Last edited by icenine; 07-19-2018 at 09:34 AM.
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  #168  
Old 07-19-2018, 12:47 PM
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Tariffs Imperil a Hometown Business in South Carolina: BMW

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July 19, 2018

SPARTANBURG, S.C. — In the middle of David Britt’s campaign to get BMW to put a car factory here, a man grabbed him by the tie while he was in a restaurant.

“Don’t give that land to the Germans,” the man hissed to Mr. Britt, a county official.

Two decades later, the automaker has become the most important local job creator, earning the affection of a deep-red county where one in 10 people earns a living making vehicles or their parts.

The Spartanburg plant is BMW’s biggest in the world. It has helped draw more than 200 companies from two dozen countries to Spartanburg County. And the German company — not an American icon like Ford or General Motors — is now the largest exporter of cars made in the United States, turning the port of Charleston, S.C., into a hub for global trade.

But by setting off a global trade battle, President Trump is threatening the town’s livelihood. People aren’t happy.
Image
Yet these bozos will vote again and again for the people who ruing our country and the economy.

https://www.nytimes.com/2018/07/19/b...T.nav=top-news
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  #169  
Old 07-19-2018, 07:56 PM
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Why Trump administration’s aluminum tariffs are hurting Alcoa

Perhaps because they were imposed by incompetent morons who had no idea WTF they were doing?

https://www.marketwatch.com/story/wh...ing-2018-07-19
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  #170  
Old 07-19-2018, 10:17 PM
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Wonder if the tariffs are hiding the revenue shortfall.
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