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That article says
Along with Taiwan Semiconductor Manufacturing Co.

!!! NEWS FLASH!!!
Taiwan Semiconductor Manufacturing has been building its plant outside Phoenix AZ since 2022! And the investment by TSMC was stimulated by Biden's 2022 Chips Act! This is another case of tRump taking credit for what happened under Biden🤣😂


Planning from 2022
https://www.eenewseurope.com/en/tsmc-raises-arizona-fabs-budget-to-40-billion/
Carla · 61-69, F
@LLcoolK are you kidding me? Are you so stuck in your bubble that you cannot recognize that your arguement is not valid and you seem delusional as you continue to show ignorance.

Bottom line.. tariffs had zero to do with hundai. And...to be clear, the auto industry is already suffering. Stocks have again fallen.
JimboSaturn · 56-60, M
@Carla Another point I listened to a supply chain specialist and parts manufacturing specialist last night and today. Tariffs will in affect stop business and reduce sales. This will not only affect the money collected by tariffs by the US government because there is no importing happening, but will also reduce revenues for auto manufacturerers and limit their ability to invest in new capital due to a reduced cash flow.
LLcoolK · 51-55, M
@Carla I posted a story. A story I did not write. Tariffs have pluses and minuses. Trump is using them strategically and will likely back off some of them somewhat. What argument are you referring to? Please be specific about what argument I made that you claim I am delusional about. I made zero arguments about the validity of tariffs. All I did was post this article and many of you self-anointed economists and tariff experts chimed in with no real knowledge of this transaction other than what this article states. So many of you blindly want to balk at the article, not because you know anything about the investment, you have absolutely no idea what influenced this investment and others like it. To say that tariffs had noting to do with it is very laughable, because you have zero inside knowledge, you're just spewing echo chamber talking points. You know nothing at all. To use such general sweeping statements like "tariffs had zero to do with hundai" (your spelling not mine) is to claim that you know everyt aspect of the decision to make the investment. Do you know we already have tariffs on import cars? Just like companies such as Toyota, Mazda and Honda, Hyundai with its two current U.S. plants is investing in a third. If you don't think the 2.5% tariff that has been in effect for sometime has a very important influence on foreign manufacturers moving their plants here, you need to go back to your knitting and gardening. The "bottom line" is the the loony lefties who comment on posts like this are only bringing their opinion and nothing more. Much like JimboSaturn verifying a time when the investment could or could not have been made using a poorly educated guess based on his grocery store background. But now it seems he's watched a video and has his minor in supply chain science. You are the ones who are delusional. You are sure about nothing but are incredibly bold in your ignorance. Posting this article was amusing just to watch people like yourself and many others pretend to have knowledge and deep understanding about this article, economics and international trade. Almost immediately you and those like you are reduced to personal attacks, which is the dull tool of the ignorant. You cannot stand in the face of the simple questioning of your arguments or reasoning. I am not defending Trump's tariff's categorically. I just posted a story to watch the show. And you and others like you never disappoint. Like moths to a flame you simply cannot help or control yourselves. The group think among many of you is off the charts. There may be a few on this post who can contribute some knowledge, I haven't read every response, but most cannot. You only give broad vague statements that cannot be pinpointed and for which you cannot be held accountable. The only arguments I made were to poke holes in the obvious weak reasoning many commenters made coming into the conversation pretending to be intelligent and informed, much like yourself. Using their own reasoning, it was't hard to expose them as phonies. Many of you made statements that should have only be made by those who were involved the process. Tariffs can be very good and can be very bad. The only real motivation many of you had to pretend to have a legitimate contribution to the conversation is that you don't like Trump. That's it. Nothing more. In contrast to most everyone on this post, I actually have first hand knowledge of how the recent tariffs Trump seems determined to place on goods imported from China are spurring large investment less than an hour drive from my home. In DIRECT response to Trump's almost certain tariff increase on China, investors are moving VERY QUICKLY to wrap up the purchase a very large tract of land with committed funds to build large warehousing and manufacturing structures as well as housing. The project will allow Chinese manufactures to assemble products in the U.S. to avoid import tariffs. The projection is that close to 10,000 jobs will be created just to service the manufacturers not to mention the impact this will have on local service suppliers, vendors and retailers. I know community leaders involved in this, I've seen initial planning. This is real and it is directly due to tariffs, Carla, tariffs. Specifically Trump's new tariffs. Chinese investors aren't stupid. They knew they had to be prepared for a Trump victory and the changes that would follow. They are moving quickly on this. So the bottom line is most of the commentators on here are full of themselves and have nothing worth contributing to the conversation other than their opinion which is generally biased against Trump. You, nor anyone else in this conversation can intelligently comment on whether or not new tariffs were a part of Hyundai's decision because you simply can't know. You guys are a clown show.

LLcoolK · 51-55, M Pinned Comment
Reposting a response to Carla.@Carla

I posted a story. A story I did not write. Tariffs have pluses and minuses. Trump is using them strategically and will likely back off some of them somewhat. What argument are you referring to? Please be specific about what argument I made that you claim I am delusional about. I made zero arguments about the validity of tariffs. All I did was post this article and many of you self-anointed economists and tariff experts chimed in with very little, if any, real knowledge of this transaction. So many of you blindly want to balk at the article, not because you know anything about the investment outside of what the article states, you have absolutely no idea what influenced this investment and others like it. To say that tariffs had noting to do with it is very laughable, because you have zero inside knowledge you're just spewing echo chamber talking points. You know nothing at all. To use such general sweeping statements like "tariffs had zero to do with hundai" (your spelling not mine) is to claim that you know every aspect of the decision to make the investment. Do you know we already have tariffs on import cars? Just like companies such as Toyota, Mazda and Honda, Hyundai with its two current U.S. plants and is investing in a third. If you don't think the 2.5% tariff that has been in effect for sometime has a very important influence on foreign manufacturers moving their plants here, you need to go back to your knitting and gardening. The "bottom line" is the the loony lefties who comment on posts like this are only bringing their opinion and nothing more. Much like JimboSaturn verifying a time when the investment could or could not have been made with a poorly educated guess based on his grocery store background. But now it seems he's watched a video and has his minor in supply chain science. You are the ones who are delusional. You are sure about nothing but are incredibly bold in your ignorance. Posting this article was amusing just to watch people like yourself and many others pretend to have knowledge and deep understanding about this article, economics and international trade. Almost immediately you and those like you are reduced to personal attacks, which is the dull tool of the ignorant. You cannot stand in the face of the simple questioning of your arguments or reasoning. I am not defending Trump's tariff's categorically. I just posted a story to watch the show. And you and others like you never disappoint. Like moths to a flame you simply cannot help or control yourselves. The group think among many of you is off the charts. There may be a few on this post who can contribute some knowledge, I haven't read every response but most cannot. You only give broad vague statements that cannot be pinpointed and for which you cannot be held accountable. The only arguments I made were to poke holes in the obvious weak reasoning many made coming into the conversation pretending to be intelligent and informed, much like yourself. Many of you make statements that could have only be made by those who were involved the process. Tariffs can be very good and can be very bad. The only real motivation many of you had to pretend to have a legitimate contribution to the conversation is that you don't like Trump. That's it. Nothing more. In contrast to most everyone on this post, I actually have first hand knowledge of how the recent tariffs Trump seems determined to place on goods imported from China are spurring large investment less than an hour drive from my home. In DIRECT response to Trump's almost certain tariff increase on China, investors are moving VERY QUICKLY to wrap up the purchase a very large tract of land with committed funds to build large warehousing and manufacturing structures as well as housing. The project will allow Chinese manufactures to assemble products in the U.S. to avoid import tariffs. The projection is that close to 10,000 jobs will be created just to service the manufacturers not to mention the impact this will have on local service suppliers, vendors and retailers. I know community leaders involved in this, I've seen initial planning. This is real and it is directly due to tariffs, Carla, tariffs. Specifically Trump's new tariffs. Chinese investors aren't stupid. They knew they had to be prepared for a Trump victory and the changes that would follow. They are moving quickly on this. So the bottom line is most of the commentators on here are full of themselves and have nothing worth contributing to the conversation other than their opinion which is generally biased against Trump. You, nor anyone else in this conversation can intelligently comment on whether or not new tariffs were a part of Hyundai's decision because you simply can't know. You guys are a clown show.
trollslayer · 46-50, M
@LLcoolK tl; dr
LLcoolK · 51-55, M
@trollslayer Sure you didn't.😉
Richard65 · M
This was planned during the Biden administration, Hyundai said it would invest about $10bn in new technology by 2025 in the US. These decisions are made over years, not weeks or months. Hyundai, like any big corporation, will have been planning their future investments years in advance. I don’t blame Trump for taking credit, any politician would. But, I doubt very much this is in response to his tariffs.
luckranger71 · 51-55, M
@LLcoolK Your extensive experience in trying to pick up women in gay bars is noted, yet immaterial.

The markets have and are speaking. We are in the early stages of a needless economic trainwreck. As a one trick pony, you’ll have many opportunities to post slavish defenses of this administration’s missteps.
Briggett · T
@LLcoolK if they were you’d hear about it before now
@LLcoolK YOU are providing NO real-world experience, only assertions...

You demand proof from anyone who differs with your evidence-free assertions.

Try arguing fairly: require of yourself what you require of others.
This was planned while Biden was still president. Also, tariffs are paid by the customers, not the corporations or the country being tariffed. So the stuff here about avoiding tariffs by increasing localization, that's just marketing.
@LLcoolK Back in 2022. Not that I think Biden should get credit for this either. Hyundai is a growing company that expands in America every few years.

A business doesn't necessarily increase profits at all because of a tariff.

Not what I said. I said that companies will often use tariffs as an excuse, the same way they use inflation as an excuse, to raise their prices in order to both offset the new cost, as well as make a bigger profit.
@Briggett Absolutely. The inflation caused by the lockdowns was real, no doubt many companies had no choice. But a lot just took advantage of the situation. It's going to be the same thing with the tariffs.
On the bright side, America might invade Greenland, Panama, Canada, and Mexico. So at least the downfall will be funny.
Briggett · T
@BohemianBabe you know a lot of people are clueless and lost
whowasthatmaskedman · 70-79, M
Lets have a quick look at what this means in pure economic terms (if it goes ahead at all). While Hyundai is now a big player in Asian car manufacturing, they do off shore manutacturing to countries with cheap labor and proximity to a good consumer market.. They probably figure they can use cheap American labor after the economy tanks and sell into Mexico and Canada..😷
Carla · 61-69, F
If you aren't too lazy to do a little google search, look up all of the new manufacturing plants that were announced, and didn't happen during trump's last term.
And then look up when this possible move was taken by hundai.
It may take two minutes to check the validity of your own little story.
Carla · 61-69, F
@LordShadowfire i know. It drives me nuts. All the do your own research people rely solely on headlines from the right wing, national inquirer look a likes.
LLcoolK · 51-55, M
@Carla There's nothing invalid about the story. You may not like the implications of it because of your political views, but that does not nullify the story. Calling something invalid just because you don't like it is lazy.
LordShadowfire · 46-50, M
@LLcoolK You mean like what you just did, instead of double-checking the information?
MarkPaul · 26-30, M
A bit more for the mindless tariff cheerleaders:

Tariffs are ‘simply inflationary,’ economist says: Here’s how they fuel higher prices...

https://www.cnbc.com/2025/03/20/tariffs-are-simply-inflationary-economist-says-heres-why.html#:~:text=Tariffs%20are%20%27simply%20inflationary%2C%27%20economist%20says%3A%20Here%27s%20how,amount%20to%20a%20one-time%20price%20increase%2C%20economists%20said.?msockid=0dc98296a6966be82e0f968aa7286abe

While tariffs have been around for centuries, it sparked extra attention in the 1930s during the Great Depression era post-World War II. During that time, the Smoot-Hawley Tariff Act, which was enacted in June 1930, was considered the beginning of the economy's end.

Bueller... Bueller... Bueller...?

[media=https://youtu.be/uhiCFdWeQfA?t=1]
JimboSaturn · 56-60, M
If it actually happens. Last time their were tariffs, things fell through. Too little.
gol979 · 41-45, M
Ooohh a tech company to usher in the upcoming digital gulag a little quicker.

Tariffs dont mean business will stop but it will be more expensive as it is just another tax with a different name.
That's rather little indeed. That won't even put a dent in the damage they do.
@HootyTheNightOwl nah, we'll share in the pain for sure, but so far the USA is feeling it more than any other country.
@NerdyPotato Maybe check out the budget Rachel Reeves announced today???

They came for the disabled... 😡😡😡
@HootyTheNightOwl due to the tariffs? 🤨 That doesn't make much sense... Politicians who go after the disabled usually consider those a waste of money from the start. That's rarely a move to cut costs out of absolute necessity arising from tax income dropping by a few tenths of a percent at most.

Perhaps she used the tariffs as an excuse to do what she wanted to do all along, but that's about as far as I can see the connection go.
LordShadowfire · 46-50, M
I love it when you people point to an item that was actually accomplished by Biden, pretend it's a Trump thing, and completely lose face, and then proceed to deny that it happened.
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LLcoolK · 51-55, M
@jshm2 I had no idea how important I was that these companies would go to all this trouble just for little ole me. And they knew in advance I would the be their main cover story when they change plans? I feel very important. Thanks
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