Japan's market has been tough to crack since the 80s. Canon and Nikon took Polaroid and xerox to the cleaners and the imbalances forced the original Plaza Accords that started Japan's big boom/bust they're still dealing with. China's market isn't like Japan, but the ccp will reject anything resembling the Plaza Accords as hard as possible because of what happened there. American cars and other multinationals spent a good chunk of their capex notably during Yao Ming era to develop and boost the Chinese market. KFC, Burger King and Pizza Hut are sub garbage brands here because of stagnant offerings but they were pretty big right before COVID (not anymore lol). With cars and apparel, American brands have been taken to the cleaners by getting outcompeted and partly through nationalistic backlash from Trump and Biden. When I was in Europe, I didn't see many American cars in Germany. If you look around online, it costs almost double to buy a f150 or mustang. 80% more for Lincoln or caddy. They have vat and tarrifs combined. For v8 engines, they justifiably add more tax. I'm the last guy to justify buying murcan cars. Their failures has been plenty of poor decision making, but there's also external forces.
I "liked" your post, @Reeko, but it's damned depressing. An American appears to be forced to close his successful business thanks to trump's insane tariff madness. Tariffs are nothing less than a tax on the American public and trump couldn't care less about it. The creature is driving our country into a ditch and his supporters, at this point, should be furious. Instead, they are clueless.
if this doesn’t open up people’s eyes to how dumb and damaging republicans are every single time they’re in office, Idk what will
https://www.msn.com/en-us/autos/new...riffs-explained/ar-AA1CxREq?ocid=BingNewsSerp Trump's tariffs haven't only roiled global markets and decades-old geopolitical alliances — they've also disrupted the relationship between two of his top advisors; Elon Musk and Ron Rara, aka Peter Navarro. In the days since Trump announced sweeping tariffs — a 10% baseline tariff on all countries and even higher rates for specific nations — White House DOGE Office affiliate Elon Musk and top trade advisor Peter Navarro have been locked in an ugly, public feud. Navarro has advised Trump since his first term and is a staunch advocate for tariffs. Musk has fired off a number of anti-tariff comments in April — saying there should be a "free trade zone" between the US and Europe, for example. Musk has been dismissive of Ron Nara's lack of practical economic experience. Ron Nara then called Musk "just a car assembler"; to which Musk reply "Navarro is dumb as a rock"
Let's say China and the US completely decouple and only trade say less than 10 billion a year, which country would this hurt more in the long run, I don't care bout the immediate future.
It’s worth noting that the Chevrolet Malibu is the only entry level internal combustion engine car sold by an American based manufacturer. Everyone else is just making expensive trucks or SUVs.
We are going to make Bangladeshi villagers buy F150 extended crew cab King Ranch editions and we are going to make them like it.
Who knows? We've lived under this system since Reagan. I don't think the goal is to reduce trade by 10B rather he wants the trade imbalance gap btwn US and China to be 10B. US's 2024 trade deficit was 100B shy of 1T. China took in 1/3 of that on paper, but is higher due to pass thru loopholes and other strategies designed to circumvent Trump-Biden era tariffs (such as building plants in Mexico, Vietnam, Malaysia, and even Eurozone). It's a substantial amount of money from tariffs, so the CCP would be forced to focus inward on their consumer base, maybe even dramatically reverse their deflationary currency policy. In the US, corporate strategies banked upon Chinese supply chains with "value add" manufacturing here will either retool or go bust. In the long run, China and EU should be better off reducing their trade imbalances through inward investment outside of export sectors. Germany was notoriously cheap under Merkel despite being a world beating manufacturer and creditor to depression-like areas of the eurozone. They let their world class public and industrial infrastructure age without any fight. A bit disgraceful now that they're falling under tougher times.
you are just playing dumb in a tariffs war, all other variables being the same, the one who imports the most suffers the most. the age of globalization began around the early 1970s when US dollar went off the gold standard petro dollar agreement with the Saudis was usher in
