Trump threatens 20% tariff on all car imports from the EU

better get your benz/BMW/AUDI/volkswagon/MINI etc before he put that in place

https://www.cnbc.com/2018/06/22/tru...nt-tariff-on-all-car-imports-from-the-eu.html

 

There is a 10 per cent tariff for US cars in europe compared to 2.5 and 25 per cent for vans and trucks for EU cars in US.

Anyway, Mexico and Canada are the main suppliers in the US, not EU.
http://money.cnn.com/2018/05/24/news/car-auto-tariffs-us-germany-japan-toyota-volkswagen/index.html

Could not find relevant info but im sure US sells more in EU than viceversa.

20 per cent seems alot, not remotly even, why not the same 10 % for regular and utility cars.

If it were for me, both can stick with their own cars, im fine with my range rover and audi

 

I AM SOOOO PROUD TO OWN A FOREIGN CAR

EAT THAT TRUMP!!!!

 

So many "foreign" are actually manufactured in the country they're sold. I've owned four Accords since finishing college in 2004, and I believe all of them were assembled here in the US. My 911 was obviously shipped here, but that was a pain in the ass to buy.

The US is the largest export market. I think the tariff imbalance is a result of the trade imbalance, or maybe it's the opposite. The point is if we buy more of their stuff then a trade war hurts American consumers. If it has the added effect of protecting American manufacturing then it might be worthwhile.

 

Lol, who needs a Mercedes or a BMW anyway? Let them bite the dust.

Bravo, Mr. Trump.

 

Agreed, any car would do.
But trump does not propose even tarrifs, but higher ones.

 

Europe threatens US with new tariffs worth $300bn as trade war escalates.
The $300 billion figure identified by the EU is roughly equivalent to the value of US imports of automobiles and parts, which reached $330 billion in 2017.

According to the document, European carmakers produced 2.9 million vehicles, or 26 percent of American car production, in the US last year. Even without Chrysler, production by EU-owned companies in the US “still amounts to 16 percent of national production and 1.8 million vehicles.”The Commission noted that Chrysler was once “one of the traditional US ‘big three’ manufacturers” but is now of “European ownership.”
The EU document reminded Washington that European companies that produce in the US often import parts needed for their US factories, and also export large portions of their final product. “EU companies based in the US export a significant part of their production, thus contributing substantially to improving the US trade balance, which is a priority of the administration."

“Around 60 percent of automobiles produced in the US by companies with exclusive EU ownership are exported to third countries, including the EU. Measures harming these companies would be self-defeating and would weaken the US economy,”the document said. It pointed out that cars would become more expensive and harder to sell.

https://www.rt.com/business/431463-eu-trump-tariffs-automakers/

Tit for tat

 

Good bye EU. Lol.

Poor old Germany. It's the weakest link.

 

I live for the day when if you want to continue to buy imported cars, you will pay out the arse for them. And I hope I get to see american workers making all of the parts needed to make american cars, so we revitalize out own nation, our towns, and cities, with living wage jobs making what we consume. That is what won us ww2 and made america the richest empire ever to exist. Globalism did not do this, for it cannot. And our Founders were very intelligent and wise to protect our own industry and People as they did, up until the GOP came back into power in the 80s and sent the average american down the tubes, with great aid from the People's Party, that decided to no longer stand up for nor represent these People.

 

So, let me repeat a true account of what is gong on here with my brother's employer. He, this corporation makes farm equipment, cultivators, plows, that sort of equipment and have for my entire life. Serving mostly regional farmers here in the South. They were literally down to 18 employees, mostly metal workers, welders, and really needed more employees but had cut back to the bare bones. At one time, before they started buying bearing assemblies from china they had 40 workers, with some of them making these bearing assemblies. But that 80 cent an hour labor in china caused this corporation to lay off half its workforce, as they began to import these assemblies, that btw, my brother said were lower in quality, requiring farmers to have to replace them far too regularly compared to the old assemblies. This corporation did not drop their prices, their COGS just went down, increasing profits, with no pay raises to their employees.

So then trump wins and adjusts tax codes, and this corporation has hired 18 new employees since trump was elected! They are doing very well, and the drop in corporate tax rates did have something to do with hiring those 18 people. And perhaps the lower tax rates on the corporate farms allowed them to invest in new farm equipment, which may have played a role in demand going up for my brother's employer, their products.

Then here comes the tariffs!! So, those bearings bought from the slave labor costs in china suddenly went up a thousand bucks for this corporation by brother works for, and they have been left sitting in china as this corporation here will not pay for it. And from what my brother told me yesterday, it looks like they are gonna hire a few more people, and begin to make their own bearing assemblies again, american made. So, in regards to trump's tariffs, and corporate taxes being dropped down, this means new jobs here, living wages, and some american workers can leave their welfare drawing service sector jobs and get a real job once again.

So, I say phooey on the trade war hysterics, and lowering corporate tax rates. But there will be some pain for some and pleasure for other working americans, as trump works on giving us a more level playing field, which will bring some jobs back home, and get people off of welfare.

 

No need to yell. He can't hear you.

 

the US biggest nail manufacture are layoff worker due to steel tariff. as far as tariff goes there aren't any bearing tariff, so your brother hire worker has nothing to do with import tariff, its due to supply demand or other alternative source. and US unemployment rate was already lowest WITHOUT these tariff

 

Maybe one of these days he will read the Constitution, but I won't hold my breath.

 

Yeah because the constitution plainly says: No Tariffs on Cars, Mr. Trump!

 

Why would I want a **** car like those listed! Get a Corvette a real man's car Also support you're own industry but mostly it's better than anything those crap car manufacturers make that the OP listed.

European cars are for girls.

 

It plainly says that it is up to Congress, not the President, to pass taxes and duties. You know, like tariffs.

 

I want my car to last 6+ year without major issues, twice I bought Ford, then it need several thousand $$ change every few years. my high school Toyota, last me till I graduate from master degree and some, that's over a decade of use with minior fix. my dad bmw last for almost a decade now. if they want me to buy US brand car, at least put 100k mile warranty like Hyundai.

 

So, cost of goods goes way up for all those farmers, digging into their slim profit margins. More workers making less products at more expensive prices. Yep the formula for success, there boy.

Where did all the free market capitalists in America go? Oh right, they're busy making america great "again".

 

If you want a truly fast car you still need to go to Europe.




Top speed: 253 mph

0-60 mph: 2.5 seconds

Well, this should surprise exactly no one: the Bugatti Veyron 16.4 tops the list of fastest cars in the world. And at $2 million, it's up there on the list of world's most expensive cars, too.

Who cares about tariffs.

 

The story goes, that when Washington was told he was now the president, by a messenger, two of the first things he did was to go and have his american tailor make him a new suit, and next to get up with hamilton to come up with an economic strategy to make the new nation great and economically independent. Hamilton came up with the use of tariffs to insure americans provided their consumption on everything they could by protecting our workers and owners from slave labor rates that have always existed in this world since civilization.

And this system created the american empire, the worlds largest economy and consumer market, history's largest middle class(a great achievment) and even the american dream. So, not only did it work, but it worked magnificiently! As common sense has a way of doing.

If our founders had acted like the gop and dp in the past several decades, we could not have won ww2, had history's largest middle class, or became the empire. This should have great relevance, given what economic globalism is doing to our non elites, but yet it doesn't. I think our stupidity is protecting our ignorance.

 

You may want to take a look at this:
https://fas.org/sgp/crs/misc/R44707.pdf

You will read in there that Congress has delegated authority to the president to modify tariffs under certain circumstances. President is acting under this authority.

 

And the Supreme Court has said that the delegation of authority is unconsitutional. Congress has allowed the President to institute tariffs in the case of national security. European cars are not a national security threat. No, he is not acting under his authority. He is stealing Congress's authority.

 

Then they better step up and reclaim that authority. Enough of this moronic madman's dictatorial nonsense.

 

Apparently you are mistaken because the tariffs are going into effect. Or perhaps a majority in Congress doesn't actually agree with you. I know the Supreme Court has not ruled on Trump's tariffs.

 

Yes, they are going into effect. I didn't claim they weren't. I claimed (as does the Constitution) that it is an overreach of his Constitutional powers.