Trump: EU must remove tariffs or US "will be placing a 20% Tariff on all of their cars"

[Miles Archer]

Donald J. Trump
‏
Verified account

@realDonaldTrump

Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!

7:25 AM - 22 Jun 2018

Link to tweet

[Johonny]

1. Or else I'll throw more candy at you...

Seriously after embarrassing yourself at the G7, perhaps silence is a nice option here. Your mixed in a Russian scandal, a child imprisonment scandal, and you think now is a good time to negotiate tariffs based on mythical beliefs on how trade works, then you must be smart like Trump.

[Spider Jerusalem]

2. They do, you immense fuckwit; Mercedes and BMW have factories in the States.

Jesus. Moron doesn't know anything, does he?

[no_hypocrisy]

4. And in Mexico.

https://en.wikipedia.org/wiki/Mercedes-Benz_Mexico

[Fred Sanders]

6. Not to mention those WTO agreements...just more red meat for the Cult base...meanwhile who

in the world will trust mini-Hitler on ANY future agreements??

Totally fuckd up in every way.

[GeorgeGist]

12. As do VW and Volvo

[dalton99a]

3. Shut The Fuck Up.

[manor321]

5. Dow

How is the market up today with this madman tweeting like this?

[AlexSFCA]

10. I am surprised market is holding up

I would expect massive drops but it’s been moderate

[AlexSFCA]

7. is he going to withdraw from WTO?

[beachbum bob]

8. To Putins pleasure, WTO may throw US out...think they can't?

You can't defy trade agreements without something happening.

[Amishman]

9. Even when he finds a shred of a real issue he screws it up

This might be the first tariff area where there is some actual substance.

US tariff on cars is 2.5%, EU is 10%. So we actually do have an uneven trade situation. But of course the orange idiot jumps the shark and threatens a huge tariff far in excess of the imbalance. A reasonable person looking to make an issue if this would ask for their tariff to be reduced or ours raised to match. But of course we don't have a reasonable person in charge...

[ProfessorGAC]

11. I Know UK Is Pulling Out of EU. . .

. . .but in England, there are tons of Vauxhalls. That's a GM, made in England. So, while the tariff thing might be a bit unbalanced, there are still lots of cars made by american companies there.

Not so much in France and Italy, but lots in UK and some in Germany.

[MiniMe]

13. The only ones this will hurt is the consumer

It will drive prices up on everything. Welcome double digit inflation