Stocks Rally on Hopes of Softening Tarriff Stance

[bjl584]

Stock market today: Dow, S&P 500, Nasdaq jump amid hopes Trump will soften next tariff blow

[ua_guy]

Get ready for a wild week leading up to April 2nd, and even then, who knows. The market will hinge on every unhinged tariff threat, twit, and headline, and we know that's happening on the daily.

[Jluke]

Some people are making money off the swings while smaller investors are stuck watching and hoping things don’t continue a downward trend.

market manipulation has occurred throughout time

[ua_guy]

Trump tariffs have been announced for next week at 25% and it targets the US auto industry as well as global automakers. There goes another ounce of consumer confidence, and higher car prices for everyone. Yay!

[disneysteve]

Trump tariffs have been announced for next week at 25% and it targets the US auto industry as well as global automakers. There goes another ounce of consumer confidence, and higher car prices for everyone. Yay!

I really don't understand the point of the auto tariffs. He is taxing both foreign-made cars and foreign-made parts. EVERY SINGLE CAR made in the US is made with a significant percentage of foreign parts. There is not a single car that is entirely US-made. And many "American" cars are actually made in Mexico and Canada. So this represents a huge tax on American cars. Estimates are that it will raise new car prices between $5,000 and $15,000. How is that a good thing for Americans? There is no way possible that this could ever result in cars being 100% US-made so if that's the goal, it's a wild fantasy.

Consumer confidence in March was at the lowest level in 12 years, understandably so.

[ua_guy]

All this tariff stuff is one of the more interesting ways to back into a regressive national tax. What's baffling is that these automotive tariffs are especially damaging to American automakers, and yet Trump is on record warning American Automakers of repercussions if they raise vehicle prices as a result of tariffs: https://fortune.com/2025/03/28/trump...o-hike-prices/

This is especially troubling for free-market economics (and free trade). And with average new vehicle transaction price creeping up on $50,000, genpop can't afford what those price hikes will do, and that will kill our domestic auto industry. Automakers can't just spend billions to make a new plant overnight in the US. That takes years of work and raising capital.

[ua_guy]

Tariff exposure by automaker:

[disneysteve]

Exactly. I thought the point of tariffs was to punish foreign companies, but this tariff is punishing US automakers. What is the intended benefit of doing that? I'm not being snarky. I'm truly trying to understand why boosting prices on US cars by thousands of dollars is a good idea.

[kork13]

This seemed like an appropriate place .... In yet another "policy-by-Twitter" ... Proposing that interest on auto loans for "US-made" cars be tax deductible. Seems backward, TBD what "US made" is actually defined, and only benefits those who purchased with car loans (vs. cash) ...

https://t.co/BGPRWiF7S0

[ua_guy]

Bring on even more price hikes/inflation. We saw when interest rates were artificially low and incentives were offered to home buyers that home prices went UP. So will car prices, not just b/c tariffs, but also, with interest deductions, that leaves more room in the purchase price and/or artificially inflated interest rates.

[LivingAlmostLarge]

Well the head of the UAW says tariffs are good to bring jobs back for his union workers. I'm curious if he realizes that people may not be buying cars if the prices go up? That he might be out of a job with pensions going by the way side and costs rising so much that you need less cars = less workers. And it takes times to spin up factories to bring "manufactoring" back. Also labor is just cheaper in a lot of countries so I'm not sure labor will ever come back. Instead they'll keep making stuff in india, china, phillipines and just add the cost onto our goods.

[LivingAlmostLarge]

Sure let's make the Taxes more complicated. Trump says that but we are having another tax bill this year. It'll be interesting if we give more tax breaks to the rich. Maybe we start by cutting tax break to Tesla and other companies. Tesla has a $11 billion dollar tax break. Let's cut that first and stop giving handouts.