Trump threatens 20% tariff on car imports

Politics
1

i wouldnt blame europe if they banned american imports

2

I am European. I love being European. However, why on earth should the US continue to sustain a trade deficit? Let’s have balanced and reasonable trade.

3

How would one balance auto trade between the US and th EU.

The transportation systems of both are based on conflicting ideologies.

Basically public transportation vs everyone has a car.

4

Hi Jezcoe… when I say balance, I mean the % tariff for import / export duties… also, the UK, Germany and Switzerland (I have lived [live] in all three countries) are car crazy with rational levels of ownership… it will be difficult for the US to compete with Mercedes / BMW / Audi at the top end, however Tesla is an example of a breakthrough (they just can’t make enough). I want fair trade. If that s the case then balance of payments take care of themselves and truly reflect value and that is reasonable.

5

Mercedes is investing $1B to build electric vehicles in Alabama. BMW is investing an additional $600M in their plant in South Carolina. I am guessing that Trump will be getting a call from both companies.

6

Hi Stephen.

If one would take the average of the tariffs on products sold between the US and the EU… it is basically a wash.

The average US tariff is 1.6% and the average for the EU is 1.61%

https://www.google.com/amp/www.pewresearch.org/fact-tank/2018/03/22/u-s-tariffs-are-among-the-lowest-in-the-world-and-in-the-nations-history/%3Famp=1

If the point is to put pressure on China… then h would be much better served to not pick a fight with the EU at the same time.

7

More anti-capitalist, protection-Democrat nonsense from the orange idiot.