Volvo freezes Hiring at South Carolina plant, moving production to China - tarriffs
 

But Trump told us the tarriffs have stopped... Hhhhmmm

Trump told us we wouldn't lose any Manor manufacturing jobs to China.

Trump said he was bringing manufacturing back to America so why are all these factories closing then?

Volvo freezes hiring at new plant, moving production to China because of Trump's tariffs

Trump’s ill-advised tariffs have already prompted the U.S. government to bail out farmers, particularly soybean farmers in North Dakota. In recent years, 99 percent of North Dakota's soybeans were sold to China. That market has dried up completely as China has turned to other countries, including a record purchase from the Russians.

Now automakers are sounding the alarm. Ford announced massive layoffs and a company reorganization, in part because of auto tariffs. And Volvo, which opened a brand new plant in South Carolina in June 2018, announced a slowdown in hiring for the plant and may be moving a good deal of production overseas. From USA Today:

Volvo's new South Carolina plant, which opened in June, is gradually ramping up to produce the S60 sedan. In 2021, the plant will begin assembling the Volvo XC90 SUV. Once it's making both models, the plant will ship about half of its vehicles to foreign markets, according to Volvo's original plan.

But if the U.S. dispute with China isn't resolved soon, those plans could be changed, too.

"We ... thought Charleston could build cars for China," Samuelsson said. "That will not work."

Instead, he said, the company is making plans to build the S60 in China for sale to customers there. Volvo is owned by Chinese automaker Geely.

So far, Trump’s tariffs are making Chinese manufacturing stronger. As CNBC notes, SUV production had been on the rise, with China being the No. 1 buyer of vehicles assembled in the USA.

BMW, the largest exporter of American-made vehicles has been planning to boost output of utility vehicles from its Spartanburg, South Carolina plant with the launch of its new flagship, the X7 SUV — many of them bound for China.

Volvo, meanwhile, had earmarked about half of the vehicles it will produce at its new Charleston, South Carolina plant for export, many of those also bound for Chinese consumers.

But with tariffs at 40 percent, analysts have measured a sharp slowdown in demand for American made vehicles.

Will the tariffs cause a drop-off in sales and prompt Volvo, BMW, and Mercedes-Benz to pull back manufacturing—or pull up stakes in the USA altogether?

Republicans seem to think they are good for business. They aren't.

I know many Republicans (in real life) who are not down with these shenanigans. I won't shit on the whole party, they're being represented these days by weirdos.

Elections have consequences.

Our Republican friends voted Trump, they own him. They chose him to represent them. The Republican congress let Trump do whatever he wants, that the Republican choice, not to keep POTUS in check for the good of the country. Party firts is the Republican motto.

"We ... thought Charleston could build cars for China," Samuelsson said. "That will not work."

You would have to be real dumb to think you could build a Volvo in the US and sell it in China for a profit to begin with. The tariff would be China's genius.

Trump put tariffs on goods coming IN from China because they have them on our goods going out to them... That's what you dimwits don't get... The objective is to force these countries to drop tariffs on US goods coming in like we did/do for them. We are already at a disadvantage because cost of living is higher. Compounding that with putting tariffs on our products makes it extremely costly for their citizens to acquire our goods.. Yes in the interim it costs us more...

:1orglaugh:1orglaugh

Every Republican in the modern day era has crashed the economy...

Liberals on the China side in this trade war))

And out the other side of their face "You're un-American"

'actions trump is taking is making china stronger'

hmmm

You can't build a car in the USA then ship it 7000 miles by boat and hope to compete with a locally made car in China. If you want to sell cars in China, then they need to be made in China or neighbouring countries.

It's the 7000 mile journey that stops your American products from being competitive, that's the killer.

It's senseless to set up new factories in the USA because its an already oversaturated market, especially with cars, and despite Chinese market only targeting 15% of the population its already 2x the American market size. That Chinese market is forecast to grow from 15% to 35% in the next 20 years where as the American market will DECLINE.

If you want to make money from China don't try and sell them Soybeans, Cars or anything they can make themselves.

Americans can help in the trade war with China. They simply stop buying goods made in China. Then they might get a shock and find out how far they have been sold out.

Thats not entirely true.

If you have a strong brand in a niche market the Chinese will buy. BMW, Jaguar, Land Rover, Porsche, Ferrari etc China is their biggest market. It used to be the US.

However if your brand is not aspirational for the Chinese car buyer, and you are competing on price with local manufacturers, then you will need a cost of production and delivery at least as low as the local product.

The same applies in lots of product areas. The wealthy Chinese love luxury western brands. The Chinese who have to get value for money do not.

:2 cents:

Umm no. China imposes a 25% tariff on US imported cars. Trump is at least right about that, it's completely unfair because we only charge 2.5% to them.

It was like that long before the trade war btw.. It's not due to the current tariff wars.

Trump is fucking us

Where does BMW make the cars they sell in China ? ;)
https://www.wsj.com/articles/bmw-to-...eal-1539233722

Jaguar Land Rover
https://www.bbc.com/news/av/uk-engla...ins-production

Even Volvo...
https://www.motor1.com/news/241866/c...r-than-europe/

As for Chinese wanting value for money, fake vs real, really I don't see that, the Chinese very much do want the real deal, nearly every single brand dependant product "think Gucci" now has China listed as their major market... the fake stuff is for Americans and us whities..

The tariffs become irrelevant, because unless you can manufacture the cars in or near China, they're out priced when they hit the market, it's the 7000 mile transport fee.

Most western companies that make cars.. are now making the cars they sell to China, in China which is now the biggest market, not the USA.

The only problem with the tariffs is they haven't gone far enough.

Tariffs should have been put in place 10+ years ago.

Yes, there are short term problems with tariffs. But the market adjusts to the higher priced foreign goods by increasing production of those same goods domestically. That takes time. It usually isn't just a matter of hiring more employees. They have to acquire more machines as well.

The last time there was a steel tariff the industry invested billions to expand production capabilities. Then the Democrats fucked over US steel by lifting the tariffs. All of that investment flushed down the toilet.

Only 10 years ago????

Try 30 years when jobs started to disappear.

correct - and now guess WHO pay them? China ?

and the prove for this bullshit is what exactly?

let´s see how long the US economy can stand this tariffs.
might be 2 might be 3 month and then i wonder if trump will ask the chinese to lend money to the US for keeping the trade war going.

i am not really sure where you guys get your information from and what numbers you read. the US economy is near to collapse and you don´t even realize that.

october trade deficit was the biggest since 2008.

growth rate is slowing down already since july

debt is rising in lightning speed and the little help from opec has endet today because they're throttling oil production now.

private debt is on a alltime high and the numbers of new house sales are lower as in the financial crisis.

the equity market, which should have been booming if companies were to stop paying tax, has lost nearly 3000 points after trump's tax cut.

are you a joker or a fool?

I don't think you or Matt 26z ever went to school.

:1orglaugh:1orglaugh:1orglaugh :thumbsup

So you blame Trump for all that. You are a fool.