President Donald Trump has announced he plans to increase a tariff on cars and trucks imported from the European Union effective next week, a move that could jolt the world economy at a fragile moment. “I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to trade deal, next week I will be increasing tariffs charged to the European Union for cars and trucks coming into the United States. The tariff will be increased to 25%,” he wrote Friday. “It is fully understood and agreed that, if they produce cars and trucks in U.S.A. plants, there will be NO TARIFF.” Trump did not elaborate on his specific grievances over the EU and their supposed noncompliance with the trade deal. It comes despite an agreement reached last July between Trump and European Commission President Ursula von der Leyen, which established a 15% tariff on the majority of goods.
I mean, the US market has already been dying for some time. Who wants to buy a 90k pickup truck?
Apparently a lot of people because I see them on the road. I don’t know where they find the money - I can’t afford those payments, and as a senior software engineer I’m well aware I make more than average by a lot.
Loans.
You can get 8 year auto loans now.
No one buys a 90k pickup. They get a 90k pickup for 120k and 256 bi monthly payments.
And then you have to trade it in to cover the balloon payment on the portion not financed.
@SapphironZA
I guess you *reeeally* have to WANT a 90k pickup truck.
Especially when your neighbor just got an 80k one. :blobamused: