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Trump’s new trade decision: Impose tariffs on imported cars?

TU Curmudgeon

TU Curmudgeon

B.A. (Sarc), LLb. (Lex Sarcasus), PhD (Sarc.)
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From Associated Press

Trump’s new trade decision: Impose tariffs on imported cars?
​

DETROIT (AP) — Sometimes, on a bad night, Brad Strong wakes at 2 a.m. and can’t get back to sleep. The insomnia isn’t about his family or money or health. It’s about tariffs.

The Strong family’s three car dealerships in Salt Lake City could suffer a significant blow if President Donald Trump proceeds with a proposal to impose tariffs of 20 to 25 percent on imported autos and auto parts.

Strong may be in for a few more sleepless nights.

By Sunday, Trump’s Commerce Department is expected to issue an opinion on whether auto imports endanger U.S. national security enough to justify such import taxes. Trump would then have 90 days to decide whether to impose them.

COMMENT:-

I rather suspect that any announcement that turned out to be along the lines of "Hey Canada and Mexico! You know that new NAFTA 2.0 that settled the matter of importing cars into the United States of America and ensured that there wouldn't be any duty on them provided that certain conditions were met? Well, I've just used it to wipe my brow, and you can suck rocks because I'm putting tariffs on them anyways." might have a slightly negative effect on whether or not NAFTA 2.0 gets ratified and might even have some remote chance of infinitesimally impacting any other trade negotiations that "Team Trump" is conducting.

Of course, I could be wrong and every other country in the world could well line up to kiss Mr. Trump's ring.
​
 
Ironically it is the American brands that would be among the most affected by this while Japanese ones would be better off.
 
You mean Trump is actually waiting for his flunkies to formally agree with him that having strong and profitable trading partnerships is a threat to U.S. national security and not declaring it unilaterally this time?

(Speaking of Trump's overreach and misuse of laws which were intended for actual threats, not just for an egomaniacal president who likes the attention he gets from stabbing our allies in the backs.)
 
TU Curmudgeon said:
From Associated Press

Trump’s new trade decision: Impose tariffs on imported cars?
​

DETROIT (AP) — Sometimes, on a bad night, Brad Strong wakes at 2 a.m. and can’t get back to sleep. The insomnia isn’t about his family or money or health. It’s about tariffs.

The Strong family’s three car dealerships in Salt Lake City could suffer a significant blow if President Donald Trump proceeds with a proposal to impose tariffs of 20 to 25 percent on imported autos and auto parts.

Strong may be in for a few more sleepless nights.

By Sunday, Trump’s Commerce Department is expected to issue an opinion on whether auto imports endanger U.S. national security enough to justify such import taxes. Trump would then have 90 days to decide whether to impose them.

COMMENT:-

I rather suspect that any announcement that turned out to be along the lines of "Hey Canada and Mexico! You know that new NAFTA 2.0 that settled the matter of importing cars into the United States of America and ensured that there wouldn't be any duty on them provided that certain conditions were met? Well, I've just used it to wipe my brow, and you can suck rocks because I'm putting tariffs on them anyways." might have a slightly negative effect on whether or not NAFTA 2.0 gets ratified and might even have some remote chance of infinitesimally impacting any other trade negotiations that "Team Trump" is conducting.

Of course, I could be wrong and every other country in the world could well line up to kiss Mr. Trump's ring.
​
Click to expand...

It appears Strong is involved with selling German autos. Instead of losing sleep from worrying about what Trump might do, he should join those German auto makers in their efforts to get Merkel and the EU to work out an equitable trade deal with the US.

Canada and Mexico? I don't see any reason for them to worry...especially if all three countries in the USMCA ratify the agreement.
 
Carjosse said:
Ironically it is the American brands that would be among the most affected by this while Japanese ones would be better off.
Click to expand...

#****AmericaAgain



p.s., nice sig
 
Mycroft said:
It appears Strong is involved with selling German autos. Instead of losing sleep from worrying about what Trump might do, he should join those German auto makers in their efforts to get Merkel and the EU to work out an equitable trade deal with the US.

Canada and Mexico? I don't see any reason for them to worry...especially if all three countries in the USMCA ratify the agreement.
Click to expand...

Anyone who can't see any reason for anyone who enters into "a deal" with Mr. Trump (or an organization that he controls) to worry, simply hasn't been paying attention for the last 30 or 40 years.

Did you know that, even if all three countries ratify NAFTA 2.0, Mr. Trump can still impose the tariffs simply by claiming a "national security emergency"?

PS - Right now I wouldn't be placing a whole lot of bets that NAFTA 2.0 will be ratified - AS IT STANDS - by all three countries (absent some pretty enforceable "side agreements").
 
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