![]() 03/03/2018 at 14:36 • Filed to: None | ![]() | ![]() |
First the idiot is proposing 25%% tariff on steel and 10% tariff on aluminium.
Which provoked an angry response from Britain, Canada, Brail, China, Mexico, Japan, etc...
Now he’s proposing a 25% on foreign cars
!!! UNKNOWN CONTENT TYPE !!!
US President Donald Trump has stepped up his war of words over trade tariffs, threatening to “apply a tax” on imports of cars from the European Union.
Mr Trump said other countries had taken advantage of the US for years because of its “very stupid” trade deals.
The trade wrangle began on Thursday when Mr Trump vowed to impose hefty tariffs on steel and aluminium imports.
That brought a stiff response from trading partners and criticism from the IMF and WTO.
!!!error: Indecipherable SUB-paragraph formatting!!! on around $3.5bn (£2.5bn) of imports from the US, following Mr Trump’s proposal of a 25% tariff on imported steel and 10% on aluminium.
Five reasons why trade wars aren’t easy to win Steel tariffs: What impact will they really have?
What has Mr Trump said now?
In a tweet on Saturday, the president said: “If the EU wants to further increase their already massive tariffs and barriers on US companies doing business there, we will simply apply a Tax on their Cars which freely pour into the US.
“They make it impossible for our cars (and more) to sell there. Big trade imbalance!”
A second tweet decried the “$800 Billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies”.
Mr Trump added: “Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more!.”
Does his stance have support among fellow Republicans?
A number have questioned the wisdom of the tariff proposal and have been urging the president to reconsider.
Senator Orrin Hatch said: “I’m very surprised, he’s had very bad advice from somebody down there. The people who are going to have to pay these tariffs are going to be the American citizens.”
Senator Ben Sasse said: “Kooky 18th Century protectionism will jack up prices on American families - and will prompt retaliation.”
And industry bodies like the US Motor and Equipment Manufacturers Association have expressed deep concern, saying the benefits from the recent cuts in corporation tax “could all be for naught”.
But Mr Trump’s Commerce Secretary Wilbur Ross stood firmly behind the plans, saying the president was “fed up with the continued over-capacity, he’s fed up with the subsidisation of exports to us”.
Why is Mr Trump imposing tariffs?
It chimes with his “America First” policy and the narrative that the US is getting a raw deal in its trade relations with other countries.
Mr Trump tweeted on Friday that the US was “losing billions of dollars” and would find a trade war “easy to win”.
![]() 03/03/2018 at 14:51 |
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TIME TO BUY GM FCA AND FORD STOCK BOYS! #MURRICAFIRST
![]() 03/03/2018 at 14:51 |
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“They make it impossible for our cars (and more) to sell there. Big trade imbalance!”
eh.... what? we dont make it impossible for yous to sell over here...... yous just dont make anything we want... (also those big ole trucks dont really fit on our roads)
![]() 03/03/2018 at 14:59 |
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In the U.S. market, stocks in metals went up and car manufacturers went down.
And that was on the 1st of March, never mind today with the proposed tariff on cars.
It’s going to be interesting for all but ultimately more expensive for you guys.
![]() 03/03/2018 at 15:02 |
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Exactly. Lol. I can’t think of a single U.S. car I’d want (off the top of my head, there must be one or two I suppose).
Though when I lived in Holland I did see a lot of American metal on Dutch and German roads.
![]() 03/03/2018 at 15:02 |
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Supreme Leader Trump knows what’s best for America even if it ends up being worse for America. Haven’t you heard?
![]() 03/03/2018 at 15:03 |
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we love the motown era americans over here... new stuff not so much
(and the vast majority of the old americans are converted to lpg)
![]() 03/03/2018 at 15:09 |
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I’m unclear. Does he mean cars from European companies or only those manufaCtured outside the US
![]() 03/03/2018 at 15:12 |
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What do you mean everybody doesn’t want a Raptor??
![]() 03/03/2018 at 15:15 |
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At this point it’s easy to surmise he knows jack-shit about anything.
![]() 03/03/2018 at 15:16 |
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Every time I think he’s reached peak policy stupidity, he raises the fucking bar.
![]() 03/03/2018 at 15:20 |
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No. I can have a Ford Ranger Wildtrak and modify it.
or get a Bowler Nemesis EXR or EXR S.
![]() 03/03/2018 at 15:21 |
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Good thing I’m buying an American car next. Oi!
![]() 03/03/2018 at 15:22 |
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Corvette. I win.
![]() 03/03/2018 at 15:25 |
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I’m not sure if raising the bar is in fact lowering the bar, a whole new low in the IQ level.
![]() 03/03/2018 at 15:26 |
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Which better be soon, because the steel makers will pass on the prices to the manufacturers, who will pass it onto the consumer, YOU!
![]() 03/03/2018 at 15:26 |
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I could’ve said my piece better, but you get it. Agreed.
![]() 03/03/2018 at 15:29 |
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I can’t think of a Corvette I’d want either. Sorry.
![]() 03/03/2018 at 15:34 |
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Trump loves to say shit just to say shit. He drives his handlers insane. Whether or not he follows through remains to be seen.
![]() 03/03/2018 at 15:39 |
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Saying shit is one thing if your a kid, or the slightly unhinged person on the back of the person talking to someone who isn’t there but he’s the president of the United States whether we like it or not and when he opens his cake hole, stock markets go all over the shop, governments and their citizens start thinking, ‘shit, how is this going to impact us?’.
![]() 03/03/2018 at 15:52 |
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They sell offer them here, just nobody wants one.
![]() 03/03/2018 at 15:56 |
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All that you say is true.
![]() 03/03/2018 at 15:56 |
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What a pathetic, lonely, small man. If he didn’t have access to nuclear launch codes, we’d all be laughing at him for the tantrum-throwing toddler-in-an-adult-body pile of excrement that he is.
![]() 03/03/2018 at 16:01 |
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Does he even know the difference?
![]() 03/03/2018 at 16:11 |
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Who knows? Certainly not Trump.
![]() 03/03/2018 at 16:17 |
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Ye’, but it’s the person who is is widely acknowledged as being one of the most powerful people in the world.
And to think, now he’s president, Americans will have to pay for the Secret Service protection he will keep for the rest of his life.
![]() 03/03/2018 at 16:30 |
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I wonder if a tarriff on foreign made cars will raise the bullshit resale value on my soon to be out of warranty BMW?
![]() 03/03/2018 at 16:33 |
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I like how the piece of shit some say they don’t like but keep defending and deflecting claims EU trade restrictions somehow make American cars unselleable there. Hint to the piece of shit who obviously didn’t pay attention at the fancy b-school he attended on daddy’s dime while nursing bone spurs - it’s not the EU making the cars unsellable.
![]() 03/03/2018 at 16:36 |
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You should see his supporters, this is nothing. He’s an intellectual in comparison.
![]() 03/03/2018 at 16:36 |
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It is a nice distraction from the corruption, fascism, and coziness with the Russians.
![]() 03/03/2018 at 16:36 |
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With any luck, it won’t be long.
![]() 03/03/2018 at 16:47 |
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At this moment in time your guess is as good as mine but I wouldn’t be surprised.
![]() 03/03/2018 at 16:52 |
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It just makes me think back to when he went to Germany and said how few American cars he saw there and it wasn’t fair that there was so many German cars on American roads (even though the majority are made in North America).
![]() 03/03/2018 at 16:58 |
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Like one British comedian joked, ‘surely it’s not far off we’ll see Melania greasing up the White House stairs and then shouts ‘FIRE’’.
![]() 03/03/2018 at 17:12 |
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It seems to be directed at the E.U. whether it’s cars built here or companies based here selling there, I’m not sure.
((sorry, I didn’t see your post earlier))
![]() 03/03/2018 at 17:23 |
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Wow, I missed that Obama reversed that. The law was changed to 10 years in 1997, but apparently they passed another bill to reinstate it for those after 1997...
Luckily, he’s old and it probably won’t be for that long.
![]() 03/03/2018 at 17:49 |
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Meanwhile...
![]() 03/03/2018 at 17:53 |
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We have a few at work. And with the revival of the gun debate front-and-center, I’m overhearing some serious shit—any time they open their mouths about anything political, I’m about ready to scream.
![]() 03/03/2018 at 17:59 |
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Ouch. Someone is in a lot of trouble.
If they are found to of had inside knowledge (which lets be honest, they have) then the feds could jump on them from a really high height.
![]() 03/03/2018 at 18:23 |
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No worries. I’m just wondering about my local economy with Mercedes an hour away and bmw 2 states over.
![]() 03/03/2018 at 18:29 |
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Well out of you and trumpy, that makes only you the one concerned about it.
The tangerine tyrant literally says something not knowing what it’s saying, why it’s saying it or what will happen from saying it.
Who ever voted for him should have their heads banged up against a wall repeatedly till all the ‘stupid’ has left their heads.
![]() 03/03/2018 at 18:34 |
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Well he says whatever he wants because he’s used to the ability to do another take. And not everyone who voted for him is stupid. Lots are but some of them had valid reasons. Do I think he’s the solution to their problems? Hell no.
![]() 03/03/2018 at 19:02 |
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Well, that sucks...
![]() 03/03/2018 at 19:02 |
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It’s ok, you’re allowed to be wrong.
![]() 03/03/2018 at 19:02 |
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You’re entire country is also allowed to be wrong...
![]() 03/03/2018 at 19:09 |
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It’s times like these I am glad I live in a blue area of a fairly blue state. It may not be perfect, but it beats the batshit craziness of so many other parts of the country. A bonus is that the economy is booming. At least I can pretend I live in a somewhat mature developed first world locale - not every American can do likewise.
![]() 03/03/2018 at 19:17 |
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No doubt the orange menace doesn’t realize that a huge amount of MBs and BMWs on the road both in the US and EU are actually made in the US.
These dipshits have made the same claims about American car sales in Japan too. They don’t seem to realize that the Japanese also have zero interest in nearly all American cars. EU makers know how to make “world cars” . US makers, not very often.
![]() 03/03/2018 at 19:30 |
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She was in on the birther shit, I wonder if she is an unwilling accomplice in this shitshow, or fully complicit. Looks like her family has gained from “chain migration”, and her own visa status back in the day is fraught with problems. Maybe they can go down those stairs together.
![]() 03/03/2018 at 19:30 |
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Ye’, but am I?
2015 Chevrolet Corvette Stingray Z06, 466bhp, 6.2 litre, 2 door, seats two.
£535 a year road tax, average 23.2mpgUK
2016 Skoda Superb SEL Exec, 148bhp, 1.4TSi ACT, 5 door, seats five, massive luggage space.
Road tax £30 a year, average 56.5mpgUK,
It’s a close call which is the better one.
![]() 03/03/2018 at 19:50 |
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Ye’, I was just saying to another OPPO about not having any desire for any U.S. vehicle. Engines too big, mpg too small, emissions too high, vhicle dimensions too high, wide and long. It would be financial suicide and a daily nightmare to drive and park where I live.
![]() 03/03/2018 at 19:52 |
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Ye’, I was reading she’s on the EB1 or Einstein Visa, which got her citizenship and is now a sponsor for her parents.
Yep, nothing looks dodgy there, nope, not one bit.
![]() 03/03/2018 at 20:54 |
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And her architecture degree LOL. Really, she seems just like her man in terms of inflated credentials.
![]() 03/03/2018 at 20:58 |
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Dotard and many others don’t grasp that the average motorist in Hannover or Reims doesn’t want an Impala or Expedition, just as the average motorist in Ohio or Nevada doesn’t want an Up! or a Twingo.
![]() 03/03/2018 at 21:02 |
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Her inflated credentials.
I think trumpy paid for those.
![]() 03/03/2018 at 21:06 |
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Ye’, what works in one place won’t necessarily work elsewhere.
Which is probably what is the real kicker with this tariff crap is that the U.S. is probably the most protectionist when it comes to it’s auto industry. Manufacturers wanting to sell in the U.S. have to jump through so many hoops which is why you get such a limited range of foreign cars, because the companies need to have a very clear idea of how well their cars are going to sell to make it worth it.
Not even factoring the 25 year law thing.
![]() 03/03/2018 at 21:17 |
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Odds that he know BMW/Merc/Honda/Toyota have bigly yuge manufacturing here?
I going with slim-to-none
![]() 03/03/2018 at 21:21 |
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I’d be surprised if it’s aware there is ever anybody else in the room.
![]() 03/03/2018 at 21:51 |
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US lighting standards alone are an idiotic stumbling block. I can’t hate the emissions stuff, as I have seen what LA was like 50 years ago, but some US regs are indeed asinine.
The best part of the moronic 25 year law is that MB lobbied for it, and got what they paid for.
![]() 03/03/2018 at 22:53 |
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As you mentioned with emissions, there are only a few states and a few counties in those states that actually do inspections. Pretty much, ‘right guys and gals, you’ve bought your cars, do what you want now, as long as you pay your taxes I couldnt give a crap’.
The lighting ones make no sense.
I mean the Ford Transit, the rear lights on all Transits are the same, except North America, where the clear section of the rear light cluster has a reverse light because the indicator function has been integrated into the brake light. Why?
It was doing okay in the rest of the world before the U.S. got it with having the indicator separate from the brake light.
![]() 03/03/2018 at 23:42 |
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Lighting issues are long term stupidity. Europe started moving towards composite light assemblies in the 60s, yet US regs kept them away into the 80s. Then we have the different lens colors, US sidemarker regulations, US regulator fear of advanced lighting systems, etc, that are just fine for the rest of the world. Then again, Kinder Eggs are also forbidden in the US - no doubt just like with the 25 year rule, someone has paid to enact and enforce these rules.
![]() 03/04/2018 at 00:03 |
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It’s something that won’t get sorted out in our lifetimes I’m sure.
Right mate, I’m off up the wooden hills to Bedfordshire to get reacquainted with my pillow and take it to the land of nod to catch some zzzzz’s.
Goodnight fella.
![]() 03/04/2018 at 12:12 |
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The future might be royally screwed - it will take a generation to undo the current mess already. Thanks a lot “me generation” and bitter semi-literate rubes. At least it is an equal opportunity screwing - there’s no perfect place in the world.
![]() 03/04/2018 at 13:08 |
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Most likely...