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A LITTLE SOMETHING FOR THE TARIFF NAYSAYERS

https://www.linkedin.com/news/story/hyundai-to-invest-20b-in-us-6665537/
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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.
JimboSaturn · 56-60, M
@Richard65 Absolutely not, companies don't plan on spending $500M overnight with no research or projections.
Richard65 · M
@JimboSaturn agreed, Jimbo. Car companies especially make plans over decades. You do that kind of analysis yourself, you say. Apple are investing too, but these things are in the works for years.
JimboSaturn · 56-60, M
@Richard65 I work in the grocery industry and I've done it just for building new stores which is a miniscule amount of money compared to a manufacturing facility and it takes years for approval.
LLcoolK · 51-55, M
@JimboSaturn So probably a pre-pandemic first Trump term thing finally coming to fruition considering the magnitude of the investment.
JimboSaturn · 56-60, M
@LLcoolK No, nothing to do with Trump at all. Grasping at straws now.
LLcoolK · 51-55, M
@JimboSaturn No straw grasping, just using your very general statement about needing years for approval for grocery store construction and making some reasonable assumptions. Do you have any information they would refute the validity of what I said.
JimboSaturn · 56-60, M
@LLcoolK Biden came in 2020 they started construction in 2022, timeline is right.
LLcoolK · 51-55, M
@JimboSaturn Based on your grocery store experience?
JimboSaturn · 56-60, M
@LLcoolK Yes. 2 years of planning seems more correct than Jan6 to now lol!
LLcoolK · 51-55, M
@JimboSaturn So the building of a grocery store and a multi-billion dollar automotive manufacturing plant are roughly equivalent when it comes to planning, sources vendors and contractors, purchasing large tracts of land, navigating the federal and state permitting process, planning site based on available labor resources etc.?
JimboSaturn · 56-60, M
@LLcoolK Manufacturing would take longer hence it's not possible to make the decision from Jan 6, 2025 to now. If it takes a store takes 2 years for approval, can a manufacturing plant take two months? True or False?
LLcoolK · 51-55, M
@JimboSaturn You dismissed the possibility that these plans were made during the first Trump administration. You were basing your statement on your grocery store experience. You made the statement that it takes years to get a grocery store built, which I certainly would not argue that. Using your anecdotal example, my point is that you, based on your experience, cannot dismiss that possibility that the Hyundai investments were not originally planned under Trumps first term. You might be right, but you are only guessing. Your grocery store experience is trivial by comparison.
JimboSaturn · 56-60, M
@LLcoolK Why would you assume they were made 8 years ago, what evidence? Your original post was Trump did this due to his current tariff policy. Now you are claiming it's from his first term but the post makes it clear that the investment is due to his new tariffs. Just give up man.
LLcoolK · 51-55, M
@JimboSaturn A presidential term is 4 years. Trump was president up until 2020. Just using your own general reasoning it's not improbable plans could have begun at any point during the first Trump term up to 2020. Especially considering the scope of the project. I am not saying they did. What I am saying is that using your own reasoning to debunk any influence Trump may have had in this investment, you may have inadvertently shown your ignorance. Why can't you just admit that you have no idea and you used your grocery story experience to sound qualified to make a statement that you really don't have a clue about.
JimboSaturn · 56-60, M
@LLcoolK And what experience do you have? lol This post is called Tariff Naysayers, in which you imply that the plants announced are due to Trumps current tariff policy, which they are clearly not.
Biden's arrival in 2020 and the 2022 Chips Act seem for more responsible for the decision than something that you don't even know Trump did. What was the motivation to build the plant under Trumps administration? There were no lasting tariffs. There were tariffs at the begining of his term but he has to reverse them because it is was an unmitigated disaster.

Another point, Trumps tariffs are not even in effect. No one knows his final decision because it keeps changing everyday. He might still reverse many of them like he did during his first term. His unpredictibility is making it impossible for business to make capital decisions! This is evidenced by the market plunge since his tariff announcements.
LLcoolK · 51-55, M
@JimboSaturn I never claimed to have any experience, you did. I just posted a story. And oh how the naysayers nay. What about? What about? What about? Seems like you're all out of answers and are reduced to deflection questions. You came in as a "knowledge commentator". You're too far in this to just admit you can't bring anything to the table on this but your opinion can you? There's nothing wrong with just offering your opinion, that's cool. But at least have enough introspection to admit your grocery store experience isn't cutting it here.
JimboSaturn · 56-60, M
@LLcoolK How is there any deflection? I pointed out facts.

1) The post claims that the current tariffs have stimulated new investment. This has been proven false repeatedly with the timelines and facts about the investment and construction dates.

2) You claimed it could be because of Trump's first term. This is proven false because Trump provided no incentive for these investments in his first term.
3) I have never said "What about?" it is you who said "what about if it's because of his first term?" etc.. Find me one point where I said "What about"
4) I didn't come in as a "knowlege commentator". It is common knowlege, or at least it shoud be, that companies cannot make momumental captial decisions in a couple of months, particlularily when the policy keeps changing weekly.
4) You are the one who has provided zero facts but just said well maybe... You are giving opinion.
LLcoolK · 51-55, M
@JimboSaturn Dude, you're not providing any concrete evidence at all. You're speaking in generalities. You are deflecting, anyone can see that. You made a comment and used your supposed knowledge in the grocery store industry as your credentials to verify that this recent investment cannot be credited to Trump in any way. When I turned your baseless reasoning or lack of reasoning around on you couldn't handle it. Nothing I said was out of the realm of possibility or even probability. Here's the bottom line, you don't want Trump to get credit for recent capital investment in the U.S. and you wanted to sound credible so you used your grocery store experience, which may be quite good, but cannot in any way be applied to these mult- billion dollars investments. You present no real facts. You just wanted to sound smart to you could try to give Biden credit or at least take credit away from Trump. You made a statement because of your political beliefs that you could in no way back up based on your grocery store experience. You could have simply said, "yeah, I was giving an unfounded political opinion". But instead you double an triple down and look stupid.
JimboSaturn · 56-60, M
@LLcoolK this post was a giant blunder. You got trashed by everyone.
LLcoolK · 51-55, M
@JimboSaturn I thought you were leaving the conversation sunshine.
luckranger71 · 51-55, M
@JimboSaturn Pretty much. Our friend doesn’t understand basic economics. Also the ratio on this post is epic.
This comment is hidden. Show Comment
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.