Car-Mageddon Is Coming and Other Reader Comments

To the Editor:

The word “uninvestible” says everything that needs to be said in the article “How Trump’s Tariffs Could Upend the U.S. Auto Industry” (Cover Story, June 26). Auto stocks are the antithesis of what Warren Buffett believes are “wonderful companies.” If these companies are the poster children of manufacturing in America, then returning manufacturing to the U.S. is laughable.

Unlike manufacturing, what the U.S. really is good at is innovation, technology, finance, and management, which will continue to offset higher costs in other sectors. The current market appreciation seems to believe this.

Jim Dunn

Edwards, Colo.

To the Editor:

This is great news for China. It has the clear global lead in battery tech, and can build cars far less expensively. They’re growing like crazy in Europe, and the U.S. is next. Skate to where the puck is going. Making U.S. cars more expensive ignores what’s coming.

John Mooney

On Barrons.com

To the Editor:

What will upend the auto industry is robo-taxis. Ultimately, they will be cheaper than owning or leasing a car.

Peter Wiz

On Barrons.com

Income Isn’t Safe Enough

To the Editor:

Considering the bulging federal deficit, politicians’ inability to address spending, the president attacking Fed independence, and the need for the government to inflate down the debt burden, I cannot even think about owning intermediate to long-dated fixed income (“Bonds Have Underperformed. Why You Should Own Them Now,” June 27). I would much rather diversify out of the fiat system with some combination of gold, silver, Bitcoin, and other hard assets.

Richard Saler

On Barrons.com

Rate-Cut Quandary

To the Editor:

The Fed had no good reason to cut rates when they did that last year, except in response to political pressure (“Stocks Are Flying, the Dollar Is Falling, Tariffs Haven’t Hit Yet. Why Cut Rates Now?” June 27).

The plan, as usual, is to inflate to a higher level to increase tax revenue. This time, there will be additional crowing about tariff revenue. There are some good things about the Trump administration, but economic policy isn’t among them.

Irv Cohen

On Barrons.com

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