I'd rather want a #honest #MSRP than a effectivley unavailable one.

• OFC I don't expect a board partner to accept a margin of just $4, but it would be easier to accept a 5% higher MSRP than having no stock at MSRP.

And yes, I blame #AMD, #nvidia and #intel doing #Greedflation against #consumers because I'm very certain they don't sell #silicon at cost for a fixed price per unit depending on the order size, but rather charge a cut of the sold model (similar to #ARM does nowadays for their #licensing)...

• People, #StopBuyingAboveMSRP!

#Trump promised #auto industry growth even as all automakers have stated that his #tariffs on #Mexico & #Canada will disrupt their North American #SupplyChains & increase costs for them that they will pass on to #consumers.

#Auto industry stocks slumped Tues amid fears that #Trump #tariffs on goods from #Mexico & #Canada would wipe out profits from companies already struggling w/tepid demand. Almost all #automakers build vehicles in Mexico & Canada which they sell in the #UnitedStates. None of them can afford to absorb the additional 25% tariffs & will be forced to pass most of it on to #consumers.

…#trading data & economic studies suggest #consumers in the #US will see higher #prices on a products from vegetables & meat to cellphones & cars. While a few companies may not pass on the cost of the #tariff, many are likely to raise prices on their products.
“Because of the combination of these 3 countries, it’s going to be difficult to go down an aisle of a grocery store & not see some sort of inflationary effect,” said Jason Miller, a prof of #SupplyChain management at Michigan State.
#Trump

#Trump’s #tariffs target countries that are major suppliers of a wide range of goods to the #UnitedStates.

For American families, the likely result is higher #prices nearly everywhere they turn — in grocery aisles, at car dealerships, at electronics stores & at the pump.

#economy #prices #consumers #PersonalFinance #TrumpTariffs #idiocracy #USpol #law #Canada #Mexico #China
https://www.nytimes.com/article/trump-tariffs-prices-consumers.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=B62F2EB0-707F-4418-8A92-3ADDA21FC8D0

Moments after #Trump’s #tariffs kicked in, #China’s Ministry of #Finance said that it was imposing tariffs of as much as 15 % on a wide range of #food imports from the #UnitedStates.

The finance ministry imposed 15% tariffs on imports of chicken, wheat, corn & cotton from the US & 10% tariffs on imports of “sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, & dairy products.”

…by altering the terms of #trade between the #UnitedStates & its largest economic partners, the #tariffs will probably rattle #SupplyChains, strain some of the country’s most important diplomatic relationships & add significant #costs for American #consumers & manufacturers.

#Canada, #Mexico & #China are the 3 largest trading partners of the US, accounting for >40% of both US imports & exports last year.

#Trump is volatile, & who knows how long he’ll keep the #tariffs in place. Retaliation that hits certain states & businesses may also cause him to reconsider sooner than he imagines. Investors are trying to read this uncertainty as they also watch growing evidence of a slowing #US #economy. Unbridled Tariff Man was always going to be a big economic risk in a second term, & here we are.

The Berkshire Hathaway CEO & billionaire investor said #tariffs over time serve as a #tax on goods &…raise #prices for #consumers.

“The Tooth Fairy doesn’t pay ‘em!” Buffett said with a laugh.

Tariffs disrupt #trade between countries by raising taxes on imported goods, & those new costs are often passed on to consumers through higher prices. Tariffs are considered…a political cudgel—sometimes used in a #TradeWar — & not an efficient framework for international #trade.

https://www.youtube.com/watch?v=0z_Ujm3lmcU

The cost to build a crossover utility vehicle will rise by at least $4k, while the increase would be 3X that for an EV examined in a new study from Anderson Economic Group, an #automotive consultant in East Lansing, #Michigan. And those costs would likely be passed on to #consumers, the study found.

#economy #PersonalFinance #inflation #USpol
#TrumpTariffs #Canada #Mexico #car #prices #consumers #CarPrices

in depth article from the Detroit Free Press→
https://www.freep.com/story/money/cars/2025/03/03/auto-industry-cannot-pivot-quickly-tariffs-trump/80265554007/

Jonathan McKernan, #Trump’s pick to lead the #CFPB, has picked up where Mulvaney left off. In written testimony for his nomination hearing, he said the agency “suffers from a crisis of legitimacy.”

…If they can’t destroy the agency, Trump & #Musk will transform it from a fierce #watchdog protecting #consumers into a docile lapdog. Under their leadership, it might as well be renamed the #FinancialServices Protection Bureau.

“Since its founding, the #CFPB has returned over $21B directly to #consumers. It’s helped #ServiceMembers who have been ripped off by unscrupulous lenders. It’s helped borrowers whose #StudentLoan servicers treated them unfairly; it’s helped families that have been scammed; & it’s helped thousands of Americans that have been charged extortionate fees by big #banks & other financial services providers,” Sen #ElizabethWarren said during a hearing this week.

In the 14 yrs the #CFPB has existed, it has challenged #banks on outrageous overdraft fees, taken on payday #lenders, & issued rules to rein in rogue #debt collectors. It created a complaint database to help #consumers seeking to resolve disputes with their #creditors & pursued companies & industries w/ #deceptive marketing & billing practices.

The agency was also laser-focused on making companies communicate w/consumers in plain language.

#Trump #Musk #DOGE #law #regulation #USpol

During his first term, #Trump was hell-bent on eviscerating the authority of an agency that #Congress authorized to protect #consumers after the 2008 financial crisis. His choice to lead the agency in 2017 signaled his disdain: Mick Mulvaney, a fmr congressman who voted to abolish the #CFPB.

…But consumers needed then — & need now — a powerful advocate.