FriendlyFire
Codex WMDicanious
Trump dosnt even know what hes own Trade war goals are. Or that the US car manufacturers are sitting on a subprime car loans time bomb. Its looks like Trump is still either clueless about what hes steel tariff effects are or hes deluding himself that he is going to be able to get better deal by waging multiple trade wars. The Middle class Chinese viewed US cars as a status symbol and Trumps well and truly put paid to that market. Add to this the steel tariffs price increases the US car manufacturing more expensive are going to lose even more foreign market share.
Trump is going to do these tariffs no matter what the EU offer it should be obvious by now
I hoping Trump escalates all the trade wars perceiving weakness and not the looming economic pain
Trump is going to do these tariffs no matter what the EU offer it should be obvious by now
I hoping Trump escalates all the trade wars perceiving weakness and not the looming economic pain
Donald Trump says EU offer to scrap auto tariffs 'not good enough'
Washington | President Donald Trump rejected a European Union offer to scrap tariffs on cars, likening the bloc's trade policies to those of China.
"It's not good enough," Trump said of the offer from Brussels during an Oval Office interview with Bloomberg News. "Their consumer habits are to buy their cars, not to buy our cars."
Trump's comments come just hours after Trade Commissioner Cecilia Malmstrom told European Parliament lawmakers that the EU would be "willing to bring down even our car tariffs to zero, all tariffs to zero, if the US does the same". Autos were previously excluded from the discussions that focused on manufactured products bought and sold between the two markets.
"The European Union is almost as bad as China, just smaller," Trump said.
Trump has ordered his Commerce Department to investigate whether car imports imperil national security, under the same provision he invoked to impose global tariffs on steel and aluminium earlier this year. The president has indicated he could impose tariffs of as much as 25 percent on the foreign-made autos.
The House Ways and Means Committee is planning to release legislation outlining a second round of tax cuts in September. Kudlow has pushed for capital gains indexing to be included in that package
https://www.afr.com/news/world/dona...-auto-tariffs-not-good-enough-20180830-h14rdc