Trump finalizes tariffs on Canada, Mexico, China, triggering likely trade war

You mean that screwing in the same screw over and over on an iPhone isn't the path to prosperity? But those movies about factory jobs always made it look so fun.

 

if I recall correctly, this does a pretty good job of explaining things.

Transcript

 

Close, its gender. Everything is gender. If you have a service economy (that's girl shit), you don't get those cool posters of beefy guys slinging hammers and anvils and shit - industrial labor is so butch. But I dont think you even get that screwing in screws in a Fordist assembly line, its all so delusional.

 

This all happened because Peter quit his lucrative office job in Office Space to live like his loser neighbor who did construction, and people were like "that's so cool."

 

well, just like the conclusion is wrong, so is the premise. The value of US manufacturing is at record levels.

 

None of that matters, you are dealing with national psyche stuff as interpreted by people who have no intention of ever working in a factory themselves, its all for the other people. Its like "my job on the commune will be poet" but for the Right.

 

wow. you just took a swing at your beloved socialism.

I'll be commune philosopher, fyi.

 

Its ok to make fun of people who want to cargo cult reindustrialization to achieve either communism or make men less gay-seeming

 

The only potential pro tariff argument I can see is if it is related to national security - such that reliance on some other country, especially one that is a potential “enemy” puts us at risk. There are even problems with that argument but it is at least arguable.

 

The main problem being any country is a potential "enemy"

 

Looking at you Canada.

 

to your point the US is demonstrating that to the rest of the world.

 

GM to absorb tariffs, cut profits, which cuts union profit sharing and stock buybacks that drive union stock value up

I guess it's better that it's the investors and employees and not the customers paying for trump tariff

union guys going to be wondering wtf that tariff adjustment line item is int he bonus check next year, if they get one

GM CEO Mary Barra: Tariffs will cost us $5 billion, and prices ‘will stay at the same level’

“We believe …pricing is going to stay at about the same level as it is,” she told CNN’s Erin Burnett Thursday, although she added, “Pricing changes in our industry at least monthly, and sometimes more frequently. We’re going to respond to the market.”

The company does expect the higher tariff costs to eat into its earnings as it slashed its profit guidance for the year. The estimated tariff cost, and the lower profit target, were revealed in a letter to shareholders from Barra released early Thursday. The letter and guidance were delayed from their planned release on Tuesday, when the company reported lower first-quarter earnings and awaited tariff changes from the Trump administration.

The lower earnings guidance resulted in GM halting plans to spend additional billions in repurchasing its stock, a move it announced Tuesday. But it’s not just investors who could be hurt by lower profits. The roughly 45,000 members of the United Auto Workers union also get profit sharing payments from the company annually. They received record payments of up to $14,500 for 2024.

 

Shawn Fain looking kinda dumb now for supporting the tariffs, one of his most bozo moves. Hope the UAW learns from this fiasco that protectionism is a dead end, especially when you get in bed with Republicans.

 

national security & protection of nascent industries are theoretically sensible args. A British economist came to the us in the late 1800s to study our tariffs as we were using both args. What he found was corruption - it was the well connected firms that had the most protection

 

Spoiled kids