"In a letter to shareholders, GM CEO Mary Barra emphasized the $4 billion investment in U.S. manufacturing GM announced in the quarter, a change that adds 300,000 units of capacity for profitable light-duty pickups, full-size SUVs and crossovers currently made in other countries."

I wonder if -------- read any of the attached article before posting this.

I wonder if anybody read the attached article before posting.

Isn't the response from GM exactly what we would hope for as a result of implement tariffs? They are going to move manufacturing operations currently overseas back to the US.

I'm no expert in tariffs nor am I an economist....but this article makes it look like the tariffs are working precisely as intended.

The only consequence is a bunch of trust fund babies GM dividend checks are going to suffer for a little while.

Clarification ... ... it's not the only consequence but it's an obvious one.

GM has decided that moving forward they can't add the tariff tax and remain competitive.

the alternative is to move the manufacturing to the US (at a marginally higher production cost) but compared to the higher tariff cost....this is the better deal of the 2.

At least that's what I'm concluding from the attached article.

-Are you also concluding these tariffs will be inflationary?

Are you saying that a pickup made in another country for $30K will now be $34K with a tariff attached to it?

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Is that what you mean by "inflationary"?

-It's a first semester Econ 101 question.

and I'm sure you did really well in that class....LOL

The most basic econ class I took was Econ 301 and that wasn't a question in that class.

if you understand your question then you'll understand the "specifics".

Unless you really don't understand your question....but pretending you do.

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Thank you....yes, it's inflationary.

-After my first class as a freshman, the teacher asked me to be the TA.

Because you were a brown noser.......-:)