Now officially antibusiness
Matthew DeBord 10m
... The modern GOP remains the party of corporations, which is to say, enormous financial architectures and repositories of capital that — thank the Citizens United decision — can be deployed to political ends. This constituency was amply rewarded by the Trump-propelled tax cut of 2017.
But when it comes to the actualities of business, a schism has developed between the GOP and American companies. The Trump trade war is Exhibit A, but trashing NAFTA (and then reviving it essentially unchanged, just renamed) and jawboning assorted CEOs about their production outsourcing have to be taken into account. And who can forget the once threatened border tax on stuff made by US companies in Mexico and then imported to the US?
On Thursday, the antibusiness attitude hit a new low, as the US Justice Department announced it would investigate a consortium of four automakers — Ford, VW, Honda, BMW — for cutting a deal with California to meet its emissions standards for new vehicles, rather than following a more lax standard from the Trump administration, itself a blow to regulations implemented by President Barack Obama's administration ...
The Golden State dustup is Trumpist business "dealing" in a nutshell: It has nothing to do with business and everything to do with Trump's addiction to crude theater. Detroit is vaguely pro-Trump, but the leaders of the auto industry don't want to deal with a dual national emissions standard and would prefer that the president stop telling them to shutter factories in China so that they can build more plants in the US and hire more Trump voters ...
https://www.businessinsider.com/trump-administration-antibusiness-fight-automakers-california-2019-9