Trade, Tariffs, and Soybeans
Trump has consistently claimed that exporters, those countries who are “ripping us off,” are paying the tariffs. However, the actual data tell a different story.
Auto dealers are feeling the pain of the car market meltdown particularly hard. In the first quarter of 2009, 271 dealerships went under, leaving 19,738. According to the Wall Street Journal, analysts project that about 1,200 dealerships will close in 2009, a 20% jump over 2008.
Dealers are being hit in all directions, from tighter credit for financing to the overall plummeting car sales trends.