Trumps tariffs a potential threat?
07-13-2018, 08:43 PM
#16
Rennlist Member
The impact of tariffs will be to destroy thousands upon thousands of jobs many in red states. He will not get reelected and his popularity will plummet. The economy will go in the chitter and it will be a real chit show.
they still have my.1 RS that I traded in. Wondering whether I should go get it and cancel the deal . My delivery date is October. .
there is no effing way I am going to pay $40,000-$50,000 government tax on top of what I’m paying for the car .
I am not sure if I complete the purchase once we have a Vin number and get a bill of sale from them whether that will protect me from the tariff. Candidly I do not know. . I would hate to go in even deeper and still get hit with a tariff
they still have my.1 RS that I traded in. Wondering whether I should go get it and cancel the deal . My delivery date is October. .
there is no effing way I am going to pay $40,000-$50,000 government tax on top of what I’m paying for the car .
I am not sure if I complete the purchase once we have a Vin number and get a bill of sale from them whether that will protect me from the tariff. Candidly I do not know. . I would hate to go in even deeper and still get hit with a tariff
Trump is suppose to receive a report from the commerce department analyzing whether the present EU tariffs on US cars is a national security risk. I don't believe there is one person on this planet who believes the report will state that the European tariffs are not a security risk. That report is due late July or late August. Once submitted, Trump will huff and puff to see if he can extract something from the Europeans. If not, he'll say I'll give you 60-90 days to do something or the Tariffs will be imposed. He knows this tariff is a big and not to be applied cavalierly. The consequences for will be enormous for both sides.
07-13-2018, 09:07 PM
#17
Rennlist Member
07-13-2018, 09:10 PM
#18
Rennlist Member
The impact of tariffs will be to destroy thousands upon thousands of jobs many in red states. He will not get reelected and his popularity will plummet. The economy will go in the chitter and it will be a real chit show.
they still have my.1 RS that I traded in. Wondering whether I should go get it and cancel the deal . My delivery date is October. .
there is no effing way I am going to pay $40,000-$50,000 government tax on top of what I’m paying for the car .
I am not sure if I complete the purchase once we have a Vin number and get a bill of sale from them whether that will protect me from the tariff. Candidly I do not know. . I would hate to go in even deeper and still get hit with a tariff
they still have my.1 RS that I traded in. Wondering whether I should go get it and cancel the deal . My delivery date is October. .
there is no effing way I am going to pay $40,000-$50,000 government tax on top of what I’m paying for the car .
I am not sure if I complete the purchase once we have a Vin number and get a bill of sale from them whether that will protect me from the tariff. Candidly I do not know. . I would hate to go in even deeper and still get hit with a tariff
07-13-2018, 10:11 PM
#19
Don't think it will happen ...Germany sent someone to the whitehouse.
to discuss.
The Germans know it will hurt them big time...they will do there best to prevent.
i wouldn't worry about it'....I think he has it out for the Chinese.
to discuss.
The Germans know it will hurt them big time...they will do there best to prevent.
i wouldn't worry about it'....I think he has it out for the Chinese.
07-13-2018, 10:26 PM
#20
07-13-2018, 10:30 PM
#21
Nordschleife Master
Thread Starter
I tend to agree with Nick, Larry and 2006M5.
So I called and spoke to my sale manager. He said I can walk from the deal if tariff's are imposed, no problem and they will cut me a check for my car.
He told me he has been following this issue closely and does not believe tariffs will be imposed. He told me the Germans are already signaling a willingness to reduce their tariffs to equal ours.
I tend to think the EU and Germans will resolve the issue with the White House as tariffs with the EU/Germany would be devastating for both side. I think Trump understands this but the EU believes he is crazy enough to maybe impose them so it has them coming to table.
My delivery is Mid October so I am hoping to make it under the wire if the chit hits the fan.
Beyond worrying about my RS I believe car tariffs would be too destructive on both sides to justify them. Bad idea. It will hurt our economy and thousands of American families.
So I called and spoke to my sale manager. He said I can walk from the deal if tariff's are imposed, no problem and they will cut me a check for my car.
He told me he has been following this issue closely and does not believe tariffs will be imposed. He told me the Germans are already signaling a willingness to reduce their tariffs to equal ours.
I tend to think the EU and Germans will resolve the issue with the White House as tariffs with the EU/Germany would be devastating for both side. I think Trump understands this but the EU believes he is crazy enough to maybe impose them so it has them coming to table.
My delivery is Mid October so I am hoping to make it under the wire if the chit hits the fan.
Beyond worrying about my RS I believe car tariffs would be too destructive on both sides to justify them. Bad idea. It will hurt our economy and thousands of American families.
07-13-2018, 10:40 PM
#22
I'm not going to handicap the odds of 25% tariffs, but I can tell you U.S. Auto Dealers are taking it seriously. Pull up a recent Automotive News for more detail. Tariffs would be a disaster. Just today, Mitch McConnell was quoted that it's possible we're at the beginning of a trade war. Let's hope it's not a slippery slope.
07-13-2018, 10:49 PM
#23
Nordschleife Master
Thread Starter
I'm not going to handicap the odds of 25% tariffs, but I can tell you U.S. Auto Dealers are taking it seriously. Pull up a recent Automotive News for more detail. Tariffs would be a disaster. Just today, Mitch McConnell was quoted that it's possible we're at the beginning of a trade war. Let's hope it's not a slippery slope.
07-13-2018, 11:29 PM
#26
Rennlist Member
Assuming this happens, for those that would want or need to back out of an existing purchase to avoid a federal tax amounting to 40k, would you then be looking for already titled cars? Or do you just pass on the whole thing at that point?
07-13-2018, 11:35 PM
#27
Rennlist Member
I would walk away in 5 minutes. I have a .2 GT3, so I would just keep driving it unless I could buy the car later used for MSRP or maybe a little more. In my case, it would be interesting to see what happens. Does Porsche eat some of it? Does my ADM from the dealer go towards the Tariff? Some of us ADM guys might be OK and get the car for the original price anyway and the dealers make MSRP.
07-13-2018, 11:35 PM
#28
07-13-2018, 11:44 PM
#29
Rennlist Member
07-13-2018, 11:54 PM
#30
Burning Brakes
If tariffs go into effect then what about Porsche simply stopping shipments and taking a wait and see approach. Hold the cars at port for a couple of months to see if a deal is reached.
It would suck either way.
It would suck either way.