I wouldn't be surprised if once 3-D printing matures that parts warehouses will be a thing of the past. Just create the needed part on demand.
BMW said Monday that it would move production for some of its SUVs out of the U.S. as a result of new tariffs placed on the vehicles, according to The Post and Courier in South Carolina.
The German-based automobile manufacturer signed an agreement with its Chinese partner, Brilliance Automotive Group Holdings, to increase the number of vehicles produced in the country, according to the Charleston newspaper, with the total reaching 520,000 by 2019.
....
BMW is the largest U.S. auto exporter and employs 10,000 people at a plant in Spartanburg, S.C. The brand’s X3, X4, X5 and X6 SUV models and their variants are produced there.
http://thehill.com/policy/finance/i...t-some-suv-production-overseas-in-response-to
The German-based automobile manufacturer signed an agreement with its Chinese partner, Brilliance Automotive Group Holdings, to increase the number of vehicles produced in the country, according to the Charleston newspaper, with the total reaching 520,000 by 2019.
....
BMW is the largest U.S. auto exporter and employs 10,000 people at a plant in Spartanburg, S.C. The brand’s X3, X4, X5 and X6 SUV models and their variants are produced there.
http://thehill.com/policy/finance/i...t-some-suv-production-overseas-in-response-to
So far it's hurting Mississippi soy bean farmers. We'll see what the new round of tariffs Trump wants to impose does and what they inevitable retaliation costs us.
Some farmers, Harley workers and others being hurt by tariffs seem to be ok with it right now. Just anecdotal stuff I've seen. It depends on how long it lasts and how bad it gets.
yeah, the articles about it around here still show support for Trump, but lots of concern. Agriculture is our biggest export and we aren't a state with a whole lot of economic diversity to fall back on (when compared to other states). But the price of soy has a lot of people hurting for sure
Trump admin is considering price supports and financial aid to farmers impacted by tariffs....
CCC can borrow up to $30 billion from the Treasury Department and extend that money to farm groups. If U.S. farmers see orders from China plummet because both countries create new layers of tariffs on imports, the White House previously said it wants to set up an assistance program for the U.S. ag sector, including the livestock industry, row crop producers and fruits and vegetable farmers impacted.
The White House is considering several options.
For example, USDA could direct the CCC to purchase soybeans to buoy farmers’ revenues. The CCC is able to assist through loans, purchases, payments and other operations. The CCC Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies.
Another option: Section 32 funds. Congressional lawmakers in the fiscal year 2018 March omnibus budget removed earlier restrictions on the CCC’s activities. The change overturned years that had kept the CCC from supporting prices of agricultural goods.
...
The topic could find its way into the late days of a new farm bill. Senate Ag Chairman Pat Roberts (R-Kan.) in March said that he and Sen. Debbie Stabenow (D-Mich.), the panel's ranking member, agree that Congress will likely have to come up with some form of assistance for farmers who lose business because of Chinese retaliation. “If we continue down this road, we may have to consider some kind of payment on a case-by-case basis," Robert said. Roberts floated the idea of calling such aid “Trump Tariff Payments,” or TTP.
https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/
CCC can borrow up to $30 billion from the Treasury Department and extend that money to farm groups. If U.S. farmers see orders from China plummet because both countries create new layers of tariffs on imports, the White House previously said it wants to set up an assistance program for the U.S. ag sector, including the livestock industry, row crop producers and fruits and vegetable farmers impacted.
The White House is considering several options.
For example, USDA could direct the CCC to purchase soybeans to buoy farmers’ revenues. The CCC is able to assist through loans, purchases, payments and other operations. The CCC Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies.
Another option: Section 32 funds. Congressional lawmakers in the fiscal year 2018 March omnibus budget removed earlier restrictions on the CCC’s activities. The change overturned years that had kept the CCC from supporting prices of agricultural goods.
...
The topic could find its way into the late days of a new farm bill. Senate Ag Chairman Pat Roberts (R-Kan.) in March said that he and Sen. Debbie Stabenow (D-Mich.), the panel's ranking member, agree that Congress will likely have to come up with some form of assistance for farmers who lose business because of Chinese retaliation. “If we continue down this road, we may have to consider some kind of payment on a case-by-case basis," Robert said. Roberts floated the idea of calling such aid “Trump Tariff Payments,” or TTP.
https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/
That's interesting Hobbes. Trump is thinking about replacing the money farmers get from the Chinese with money from the government. That'll probably work.
Sounds like more socialism to me.
maybe three years ago, but not now...
Farm subsidies have been around since Roosevelt.
Similar threads
