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25% tariff on ALL imported autos announced

Hacksaw

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I think you don't comprehend how complicated that question actually is for most vehicles. 25% of MSRP may be the case for any vehicle with zero US-manufactured parts and/or assembly locations of sub-assemblies.
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Memory Lane

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Bottom line, it doesn’t really matter how the tariff is calculated or how much it ends up being. I’m not buying my TRD Pro if there is a tariff applied.
 

Gator 22

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First I ask again where you got your chart from. I have listed every source I have cited. Secondly you have no idea how I feel about an Amazon package or my very successful children. Again using the proverbial chainsaw when a scalpel with a plan is needed.

In 2019 in Wisconsin alone 818 dairy farmers went under, 595 Family farms went under and all of this was with Trump pumping in 14 Billion dollars to farmers in 2018 and 2019. There is a lot of controversy about that program too with the lions share of money going to large corporate farms that eat up family farms. Kind of like that magical 1.9 trillion dollar tax reform he did in 2017 that the lions share went to the rich and large corporations. Compounding our debt way into the future all the while saying he was going to knock out our debt. Now we are looking at 6 trillion tax cut again again to the wealthy that again is being sold as for the working man. Tariffs and tax reform for the rich are not the solution to our problems and crippling debt.

John Newton, chief economist at the American Farm Bureau Federation, Sept. 22, 2020

Forbes, U.S. Farm Bankruptcies Reach Eight-Year High [Infographic], Feb. 10, 2020

PolitiFact Wisconsin, Dems exaggerate in slamming Trump farm bailouts as "handout for large agricultural companies,"

Brookings Institute, More pain than gain: How the US-China trade war hurt America, Aug. 7, 2020

National Bureau of Economic Research, Who's Paying for the US Tariffs? A Longer-Term Perspective, January 2020

American Farm Bureau Federation, Farm Bankruptcies Slow, More Aid Needed, Aug. 4, 2020
 
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"While closely monitoring developments from U.S. authorities including tariffs, we'll continue to work on reducing fixed costs and maintain our current operations for the time being," a Toyota spokesperson said in a statement.

It doesn’t sound to me like they ruled out raising prices. Reuters said:

“Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump's tariffs.”

There may be better Japanese language reporting on the topic.
 
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timetoclimb

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I don't think anyone was expecting Toyota to raise the price of their vehicles. The issue is the amount that US dealers pay (finance) Toyota after arrival in the US and including tariffs. At best, the article implies that Toyota will subsidize the tariff on behalf of its US dealers (not clear if that includes SET and GST since they are different than the dealer networks in the rest of the US regions), but they almost certainly cannot do that forever. Nobody yet knows how the amount of tariff per vehicle will be calculated. Possibly more info will be provided tomorrow.
"While closely monitoring developments from U.S. authorities including tariffs, we'll continue to work on reducing fixed costs and maintain our current operations for the time being," a Toyota spokesperson said in a statement.

It doesn’t sound to me like they ruled out raising prices. Reuters said:

“Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump's tariffs.”

There may be better Japanese language reporting on the topic.
I get that we’re analyzing semantics here but I think is safe to take it at face value that vehicle prices aren’t going up in response to this, for the time being. Why else would they put out this statement, it’s not like they were going to raise MSRPs for the 25 model year cars on top of the passing the entire tariff on. They are figuring out exactly how that money will be spread around (by lowering fixed costs to compensate) Proof will be in the pudding the next couple weeks with actual sale prices though
 
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timetoclimb

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Needless to say it’s a high margin and important vehicle for them, built for our market specifically, and they need to recoup the 6th gen R&D costs at the very least within the current business plan. They are being cool headed about this whole thing which I can appreciate
 

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The goal is to reduce the trade deficit. And instead of American car companies producing better products the rest of the world wants, this is a big government move to force feed the (American) population with our own bottom tier products. Ironically, this hurts American consumers the most and is bad for business. We live in a global economy. Why are people drooling over reshoring manufacturing jobs, they are going by way of automation anyway.

if they add a single cent on top of my already inflated 4Runner price I’m out. Drive my J-Vin Rav4 v6 a while longer till this circus moves on
 

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'Why' did we start buying autos from overseas in the first place? Because of better value and better quality (as their labor costs are tons cheaper - than USA's benefits-loaded labor costs starting with $2000/month health insurance). Hello? That problem has not and will not change anytime soon. Trump is meddling in the global market economy, and the middle class will not have access to better products and lower costs.....ever...with production in the USA. USA will never have national health insurance otherwise replace ALL the insurance companies and their profiteering.
 

Handoc

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youngolf

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check out BYD auto in china. EV's are priority in many countries and USA is about to get left behind. china may and could take over many markets, USA 'isolation' stuff could open the way for them as it already has. i am for Open Markets, let the competition take place to benefit all.........the USA's problem i think is more overs-spending our budget, than it is a trade deficit. mismanagement of our tax money is rampant (heck we have something like 450 military bases/installations in our 50 states, for pork).....politicians are not held accountable. but any time someone sticks their fingers into the free market, a lot usually suffers.
 

Vincenzo

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So, are these other countries trying to get its citizens not to buy foreign made products? What about the Porsche, Mercedes, BMW customers?
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