Jump to content
Create New...
  • William Maley
    William Maley

    European Union Ready To Respond To Any U.S. Tariff On Cars

      Tit for Tat on Tariffs

    With President Donald Trump tweeting last Friday threating a 20 percent tariff on all imports of European Union assembled cars, the EU has responded by saying it would raise their tariffs on imports of U.S.-built vehicles.

    “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” said EU Commission Vice President Jyrki Katainen.

    “We don’t want to fight (over trade) in public via Twitter. We should end the escalation.”

    This comes a month after the Trump administration announced an investigation into new car imports on the grounds of national security. U.S. Commerce Secretary Wilbur Ross said late last week the department is expected to wrap up their investigation by late July or August. A number of groups have condemned the investigation and threat of tariffs, one saying that it is “confident that vehicle imports do not pose a national security risk.” Diamler AG announced last week full-year earnings will be slightly lower than last year because of the threat of tariffs.

    Source: Reuters

    User Feedback

    Recommended Comments

    This is so stupid and proves how ignorant Potus 45 is when it comes to the world economy.

    Sadly, this could hurt Ford more than GM as the negative news will hurt sales of US products and right now I believe Ford outsells GM in Europe.

    China is another mess all together. So sad that we have such ignorance in DC today.

    • Agree 1
    Link to comment
    Share on other sites

    1 hour ago, dfelt said:

    Sadly, this could hurt Ford more than GM as the negative news will hurt sales of US products and right now I believe Ford outsells GM in Europe. 

    GM is pretty much dead in Europe after selling off Opel..

    • Like 1
    • Agree 1
    Link to comment
    Share on other sites

    Trump may be stupid, but the trade war he's going for is not about what China exports to us TODAY.

     

    It's Made in China 2025, the most mercantilist, protectionist goddamn industrial policy since the cold war. Nothing more needs to be said.

     

    If you think Trump made WTO obsolete, wrong again. Heck I read some bull$h! article that India is cozying up to China. What a piece of work article, half-way through it mentions Modi is very concerned with India's trade deficit. No way in hell will India EVER cozy up to China! Why extend trade ties but then mention the trade deficit?

     

    Plus the EU is a bunch of bureaucrats that aren't elected, and China has a president for life. We're dealing with dictatorships all over and finally the President uses threats  and is dumb enough to act out on them.

     

    Plus when you hear f@#king Colombia joining NATO....like c'mon, Colombia? Yeah that's definitely North Atlantic territory for sure...

    Edited by Suaviloquent
    Link to comment
    Share on other sites

    3 hours ago, Suaviloquent said:

    Trump may be stupid, but the trade war he's going for is not about what China exports to us TODAY.

     

    It's Made in China 2025, the most mercantilist, protectionist goddamn industrial policy since the cold war. Nothing more needs to be said.

     

    If you think Trump made WTO obsolete, wrong again. Heck I read some bull$h! article that India is cozying up to China. What a piece of work article, half-way through it mentions Modi is very concerned with India's trade deficit. No way in hell will India EVER cozy up to China! Why extend trade ties but then mention the trade deficit?

     

    Plus the EU is a bunch of bureaucrats that aren't elected, and China has a president for life. We're dealing with dictatorships all over and finally the President uses threats  and is dumb enough to act out on them.

     

    Plus when you hear f@#king Colombia joining NATO....like c'mon, Colombia? Yeah that's definitely North Atlantic territory for sure...

    Here is the missing part though...we as a country are not ready nor prepared for that battle...

    But, it's pretty much like everything else he does I guess. Nothing wrong with strengthening your country, but trying to two ball others that playing a much bigger game is a sure bet to lose....

    Edited by daves87rs
    • Like 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search