Over 40 countries sound the alarm on Trump's plan for auto tariffs

[DonViejo]

Source: Axios



Erica Pandey 22 mins ago

Over 40 members of the World Trade Organization — including all 28 European Union nations, Russia, China, Japan and India — approached the international body about potential Trump administration tariffs against foreign automobiles, according to Reuters.

The backdrop: The U.S. launched a Section 232 national security probe into foreign car imports in May. That's the same law President Trump used to impose sweeping steel and aluminum tariffs on U.S. trading partners, and WTO members warned that similar action against foreign autos "could seriously disrupt the world market and threaten the WTO system, given the importance of cars to world trade," per Reuters.

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Read more: https://www.axios.com/40-wto-members-trump-trade-war-auto-tariffs-european-union-russia-china-japan-925f2359-c57f-4dc6-bc6a-268def1324b8.html

[The Velveteen Ocelot]

1. We old-timers remember when American cars sucked - the '70s in particular -

when Ford stood for "Fix Or Repair Daily." That's when people started buying foreign cars, and as a result of competition from foreign manufacturers who were building better cars, US car companies began improving their products. If these tariffs really kick in, will people stop buying foreign cars with the result that US manufacturers won't have to compete anymore and their cars will suck again?

Of course, there's also the fact that some foreign cars or their parts are made here, and a lot of US car parts are made elsewhere. But I'm sure Spanky didn't think about that, either.

[luvtheGWN]

2. Spanky doesn't think, period.

And his so-called economic advisors are well past their best-before date. Doesn't matter how many other people try to emphasize to them that their Laffer policies have never worked, or that we do indeed live in a global village and that isolationist policies harm his own people, Spanky goes only with his emotions and whatever the last person has whispered in his ear. He's a LOSER, and is turning his country into what will be the biggest loser.

I'm sorry. Not a good post for July 4, but there it is, folks.

[pangaia]

8. This has nothing to do with good or bad policy.

It is about the russians separating the USA from its Asian and European allies.. weaken/damage/destroy NATO, WTO, etc.. This leavse russia free to invade/control wherever they choose.

[dalton99a]

3. Kick

[MontanaMama]

4. Like an abusive partner

The pResident wants to isolate America from the rest of the world with his words and his deeds in order to make us feel like we are alone and have nowhere to turn. We’re not falling for this shit.

[pangaia]

9. No. It's the russians and the international mob.

[MontanaMama]

10. Agreed but

Dotard is working for the Russians and their mob.

[jpak]

5. Shock Doctrine

yup

[The Mouth]

6. Would they drop their tariffs if we dropped ours?

Just wondering. What if nobody had any, why not a fair playing field? I sure as hell don't think Germany or Japan should be able to tax a Ford or Chevy more than we tax a Toyota, or parts.

Get rid of all of them.

[Nitram]

7. With the Narcissist Trump, it's all about the attention.

It's all the same to Trump if it's acclamation, approval, anger, fear, anxiety, as long as he's getting lots and lots of attention. We have an psychopath in the president's seat, and the GOP won't let us do anything about it because they want another conservative Supreme Court Justice.

[kimbutgar]

11. Those foreign carmakers In those red states should announce they are closing plants

And laying off workers temporarily until things are sorted out Can you imagine those rednecks going crazy losing their jobs because of Twitler’s tariffs? And when the workers get those layoff notices they explicitly state it is because of twitlers polices. They will be moving those job to Canada and Mexico.

That way President Obama and The Democratic Party can not be blamed. And Fox and right wing media can’t bs people because they heard it from employers.

[olddad56]

12. Putin doesn't care if they close plants in the US of R and move them to Canada or Mexico...

any move that further destabilizes the US economy is what makes Putin happy.

Putin hasn't forgotten what the US and it's trading partners did to collapse the former USSR. He wants nothing more than revenge for that.

Trump just wants to avoid being outed as a the con artist that he is, he doesn't want the sex tapes reveled, and he doesn't want to be 'suicided'. A few illegal billions won't hurt either. I think someday he will be living in exile in Moscow. I hope sooner better than later.