A confidential government report has provided President Donald Trump with a legal rationale to impose heavy new tariffs on foreign cars as soon as this spring, a prospect fiercely opposed by White House officials and congressional Republicans alarmed by its enormous economic and political stakes.
So Trump’s economic folks are against it. Republicans on the hill are pissed because the administration won’t turn over the report. Trump has about 60 more days to make a decision. What do you think happens?
I think that Trump will view this through the lens that he can say it is all about protecting the American auto workers. What say you?
That depends on the amount of the increase. Some may decide not to raise prices to keep market share. I don’t see a major increase in the cost Chinese goods with the 10% tariff, do you?
President Donald Trump’s push to impose a tariff on imported cars and parts, along with other goods already subject to tariffs, could lead to a U.S. economic depression, some industry experts predict.
From his past comments it is clear that Trump doesn’t have a clue on how international trade works.
And I wonder if he is aware of the impact on American workers his tariffs on aluminum and steel had.
Will he listen to his economic advisers who are against this deal. Or does he know more then they do?
