Trump Races Toward 25 Percent Tariff on Auto Imports

[workinclasszero]

By Adam K. Raymond July 25, 2018 1:06 pm

President Trump is accelerating toward imposing a 25 percent tariff on close to $200 billion in foreign auto imports later this year, the Washington Post reported Wednesday. And he’s doing it despite his advisors honking their horns and waving their arms as Trump gets closer toward driving the U.S. economy over a cliff.

General Motors has told the commerce department that, despite Trump’s assertion that tariffs would help American companies and American workers, it expects tariffs to result in “less investment, fewer jobs and lower wages.”

And foreign car companies that make vehicles in the U.S., including Mercedes, BMW, and Volkswagen, would likely hemorrhage jobs if Trump’s tariffs became a reality. Then there’s the consumers, who could be paying between $1,400 and $7,000 more on each vehicle according to one study.

http://nymag.com/daily/intelligencer/2018/07/trump-races-toward-25-percent-tariff-on-auto-imports.html

[unblock]

1. big tariffs on luxury auto imports ought to go over really well with republican donors.

please proceed, donnie.

[lame54]

2. There is a big big world out there...

Countries are going to trade with each other and leave us out in the cold

[workinclasszero]

6. Putin is ROFL in the Kremlin

His slobbering puppet in the White House is doing one hell of a job for him!

[Johonny]

3. Well, that should kill the auto industry. Dealers, parts, repair...

25 percent!

[dalton99a]

4. This is going to be his biggest win ever

Just do it, asshole

[Corgigal]

5. A lot of people who didn't think they need to vote,

are so gonna find out that yea, you should.

[workinclasszero]

7. I know that's right!

[tonyt53]

8. 1929 all over again.