https://www.cnbc.com/2025/06/30/canada-rescinds-digital-services-tax-after-trump-cuts-off-us-trade-talks.html
Quoting Inspector Clouseau: "MERDE."

It is not that we cannot do it, eventually. But, it will take time to get it all figured out on a much larger scale, and cost much, much more per unit. And while the cars may last 10-15 years, problems are inevitable as we try to do it all on home turf. Automotive service these days can get very pricey. And whatever we produce will, likely be uncompetitive in foreign markets, on price. Less units sold equals higher cost per unit.
My guess is that Trump loses interest in a year or so, after a few questionable "deals", and calls it a day, basically moving on to other inanity. Some foreign automakers will increase output on U.S. soil. That is not a bad thing, to be fair.

Just posted all ratings to MFO Premium site, using Refinitiv data drop from Friday, 27 June 2025.

The best part (and takeaway) is that there is a company making cellphones in the U.S., and the phones are $2000 each, and not particularly good. Now extrapolate this to what you are going to pay for a 100% American made automobile, parts and assembly. And the potential QC issues of trying to manufacture everything here. Cars that cost 4x what they do now, and are rife with defects while they work out the flaws in 5 to 10 years.

Isn’t that awesome ? We prefer import care when we rent they in travel, where they are much move reliable. Can you afford spending $60,000 on a new car and having to replace it every 3 years ?
The movie “Gung-ho” depicts American auto manufacturing (to a Japanese parent company). These is no QC on part sourcing, assembling, and testing, before the cars are rolling of the floor.
michael keaton movie car manufacturer
My first car was a Camry assembled in Kentucky with Japanese components. In was a nice touch to see a check list (in the glove compartment) with 50 items that were signed by individuals who carried they out. In was a very reliable that ran flawlessly for 20 years until our family grew.

Great comments by @msf.
TIAA has been changing with times. It has expanding into corporate 401ks, and as @msf mentioned, opened previously restricted TIAA IRA to all - TIAA Traditional (SVs), private real estate T-REA (not to be confused with REITs), CREF VAs.
I call TIAA "Vanguard" of annuities. Many think that annuities are expensive, but the giant CREF Stock VA (a $125 billion fund you haven't heard about) has low-ERs to beat many regular/taxable funds: QCSTRX 40 bps, QCSTPX 30, QCSTIX 26. TIAA follows a combo approach so that portions of the portfolio are purely-indexed, enhanced-indexed and active. I think that IRAs can use only QCSTRX (40 bps) regardless of how much money you accumulate/rollover - may be that will change in future too*.
Thanks to @Charles, since 2024, these tickers are also recognized by MFOP.
*Edit/Add. I found that after 8/1/25, R3 classes will be used for CREF VAs in TIAA IRAs, so it will be QCSTIX (26 bps). See pg A3 in link below,
https://www.tiaa.org/public/pdf/c/cref_rules_of_the_fund.pdf

Until recently TIAA and CREF portfolios were only through work or to relatives.
https://www.tiaa.org/public/pdf/e/eligibility_flyer_external.pdf (See green box)
In March, TIAA opened up these investments to everyone via IRAs.
https://www.tiaa.org/public/about-tiaa/news-press/press-releases/2025/03-10
That makes it worth paying more attention to TIAA Traditional IRA rates. Also available now are TREA (TIAA Real Estate) and CREF portfolios including CREF Stock. I've always been fond of it (1/3 foreign, 2/3 domestic), though these days one can find similar funds, e.g. TQGEX.

The whole American Made schtick is funny. Trump leases bandwidth on existing cellular networks and tries to sell cheap re-branded phones for $500 claiming they are American made. It turns out that these low-end phones are 100% Chinese made and they are caught out immediately, thus removing the claims from their website. Now trying to push cheap Chinese phones onto their MAGA base.
The best part (and takeaway) is that there is a company making cellphones in the U.S., and the phones are $2000 each, and not particularly good. Now extrapolate this to what you are going to pay for a 100% American made automobile, parts and assembly. And the potential QC issues of trying to manufacture everything here. Cars that cost 4x what they do now, and are rife with defects while they work out the flaws in 5 to 10 years.

The U.S. auto industry currently uses foreign manufacturing to produce
lower-value parts while higher-end components are produced domestically.
However, President Trump wants cars to be 100% made in America
and has proposed 25% tariffs on imported cars and parts.
Car prices could increase by as much as 15% and U.S. vehicle sales
could decline by up to 20% according to some estimates.
Despite the overall decline in U.S. manufacturing, the auto industry is huge.
Long-term impacts to the industry could be devastating.
https://www.msn.com/en-us/autos/news/how-trump-s-tariffs-could-upend-the-auto-industry-and-raise-the-price-of-your-next-car/ar-AA1Hrqw2

Considering that a 2.5% annual inflation rate (rather average) would add up over 10 years to a cumulative 30%, In context, that is not particularly high. And people have been opting for more expensive, content-laden trucks/SUVs over time, pushing up total ownership costs.
It is important to note that total cost of ownership should not be confused with purchase price. Car prices, like-for-like, have not gone up 30% in a decade. A 2025 Honda Accord base MSRP is only about $3000 more than a 2015 Accord was. Which is closer to 12% over 10 years. Well below even muted inflation rates.
I wonder what impact tariffs will have on new car prices over time? I guess we will have to come back to that in a year or two.

Gman57. That takes my breath away. I hate when that happens. What state?

https://www.barrons.com/articles/trump-tariffs-autos-cars-5ac68ee8?mod=hp_LONGREADER_A_1
(Subscription required)
How Trump’s Tariffs Could Upend the Auto Industry—and Raise the Price of Your Next Car
Trump wants an all-American car. U.S. vehicle sales could plunge by as much as 20% if he uses massive levies to get one.

DJT's destruction of the NIH NSF biomedical and Scientific research apparatus alone will classify him as the worst President in US History.
$150 Billion to ICE to fracture families and communities and deport law abiding people
NIH Budget cut 40% to $29 Billion. These are insane actions.
The "DEI" portion of those cuts are less than $900 million
Don't plan to survive your cancer in the future. Cancer research cut 35%.
I personally know a US leading Melanoma researcher is moving to Canada. His grants were suspended 1/22, by DOGE fiat

DEI is just another racist dog whistle. Blame the woman, the brown/black guy, the immigrant, or other minorities. You know who really hated the notion of DEI? The Master Race folks. Gypsy, Jew, gay, black, brown - round up the usual suspects! The same people that White Supremacy groups would like to do away with, even today, in America.
For every incompetent DEI hire that anyone can identify, I will find an equal proportion of incompetent or lazy people with no special status at all. The whole game of trying to portray people as evil or criminal or lazy, so as to make discrimination palatable, has been around for ever.
As far as American exceptionalism goes, it appears we want our competitors, adversaries and even our enemies, to lure or retain the best and brightest, who used to immigrate here. Those folks that we are now shunning or driving away, are the STEM geniuses and entrepreneurs and researchers and doctors who helped make us great. Cletus, with his opioid addiction is not going to be replacing them by some form of default.

@DrVenture You said it!

This administration is rife with examples of socialist tendencies and attempts to hinder free markets. Trump wanted to "buy" a 5G cell phone manufacturer, when he discovered that the U.S. did not have one. Which would be government owned then.
He DEMANDS that companies not raise prices in response to higher input costs, essentially using his bully-pulpit to attempt to set prices across corporate America < that one is huge! Government price controls through threats.
He insists that U.S. oil companies produce more product to satisfy his demands for lower gas prices, even though that would hurt those companies investors and business model. They ignore him, of course, but the threat remains. This is more attempted price manipulation via threat.
Tariffs on $3.4 trillion in imports are being used to control buying habits. They are being used to make buying higher priced alternatives more palatable, by removing the price advantages of certain imports. Even when, in most cases, alternatives either do not exist, or are still not attractive. More government market manipulation!
Tariffs are also be utilized to force other countries to buy our products, again through threat and price manipulation.
Universities are being bullied into changing the way they do business. Make no mistake, higher education in America is a business. To alter their admittance policies, course offerings and policies regarding free speech. Market/business (free market) manipulation again by government threat of financial consequences.
Forcing law firms to provide free services, and hindering their application of free choice in choosing their clientele is another obvious example of free market interference.
List any other "anti-free market" activities you may be aware of. They will no doubt keep coming.

DJT's destruction of the NIH NSF biomedical and Scientific research apparatus alone will classify him as the worst President in US History.
$150 Billion to ICE to fracture families and communities and deport law abiding people
NIH Budget cut 40% to $29 Billion. These are insane actions.
The "DEI" portion of those cuts are less than $900 million
Don't plan to survive your cancer in the future. Cancer research cut 35%.
I personally know a US leading Melanoma researcher is moving to Canada. His grants were suspended 1/22, by DOGE fiat

@FD1000
The following video explains why Trump's tariffs haven't sparked inflation yet.
The "Fed Whisperer" even shares his insights!
Perhaps you will find it enlightening.
https://www.wsj.com/video/series/on-the-news/economists-explain-why-trumps-tariffs-havent-sparked-inflation-yet/44B0A1D9-97B8-456B-8A12-489DE4EB5D46

Nearly a dozen ETFs boasted yields of at least 100% this week.
Most of these funds trade option contracts on a single stock to generate high income.
Much of this "yield" is often return of capital.
“'The higher the yield you’re generating, the higher the risk you’re taking with the principal,'
says Will Rhind, chief executive of GraniteShares, which offers several option-income funds.
'Can you get a 150% annualized yield with no downside?
There’s no free lunch in this world.'”
https://www.msn.com/en-us/money/other/these-funds-are-yield-magicians-how-do-they-do-it/ar-AA1Hy1HC

Hi @yogibearbull My experience with 403b vendors is that they cause a lot of extra work for transactions. Pretty much everything is done through filling forms to be mailed to the company. Me thinks they don't want to lose customer monies to another organizations.
When I rolled my 401k from Vanguard to Fidelity; a 3 way phone call providing all necessary verifications for my identity took 20 minutes. I don't know if this is available in 2025.

Top Executives
Name			Title					Since	Until
David R. Giroux		Vice President				2006	Now
Jeffrey W. Arricale	Deputy Director				2006	2007
Stephen W. Boesel	Managing Director and portfolio manager	2001	2006
Richard P. Howard	Senior Vice President			1989	2001
Richard H. Fontaine	Vice President, Portfolio Manager	1986	1989

https://www.investing.com/funds/t.-rowe-price-capital-appreciation-company-profile

A superstar at the helm of T. Rowe Price Capital Appreciation fund in the late 1980's, Mr. Fontaine anticipated the 1987 market crash and bought aggressively afterward, delivering average annual returns of nearly 40 percent.

https://www.nytimes.com/1996/05/19/business/mutual-funds-a-bear-on-stocks-who-s-outrunning-the-bulls.html
Side note: T. Rowe Price Capital Appreciation commenced operations on June 30, 1986. It was legally created as T. Rowe Price Capital Advantage Fund on May 9, 1986 and changed to its current name on June 29, 1986.
https://www.sec.gov/Archives/edgar/data/793347/0000793347-94-000004.txt

It's interesting to google the names on the list. Boesel seems like the stereotype of a T. Rowe Price guy. Howard is quite a character. Haven't made it to Fontaine yet.
Giroux seems like more of the Boesel type.

”We like to pay cash for new Honda and Toyota every 20 years.”
No quarrel with paying cash. But no desire to drive a car for 20 years either. I love new cars. For years I was piling 20,000 + miles a year on everything with long commutes to work + frequent 5-hour weekend drives to the cabin and back. Vehicles weren’t worth much on a trade after 4 or 5 years. So drove them into the ground. Now, retired, I put less than half the miles on them. Still pretty good trade value after 4 or 5 years.
The bells and whistles on newer vehicles are wonderful - like the blind spot warning (my first ever). And it even signals if a pedestrian walks behind when backing up. The lane tracing was good on the 2018 Honda, but much more accurate and reliable on the new Toyota. And the self dimming rear view mirror really works. Even the brightest high beams from tailgaters don’t bother me. Power seats. Heated seats & steering wheel. AWD. Put that in your pipe and smoke it when it’s 15 degrees out and pitch dark at 5 PM in January.
Yes, it’s an extravagance. Not the best use of money. But I can do without other niceties. And if I want to “enjoy” 20 year old technology, I still have the rusting old pickup to drive. But driving it feels like torture compared to the new car. I always check insurance rates with my local agent before buying a new vehicle. Huge difference among different brands and models. The one I have now is quite reasonable.