35% import Tarrif on Forgein Cars under Trump (camper, Audi, driver)
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First of all, this is a bunch of noise that the Trump admin won't do. Then again, we also said we wouldn't elect him.
But go ahead and impose a 35% tariff on cars. You will make cars out of reach and unaffordable for the average American. The US is one of the few countries where people can buy all kinds of vehicles. Making these tariff wars will only help gain in the short-term and ruin it for the long run.
Good luck selling to the rest of the world, and enjoy the insularity of that. Protectionism is the worst economic strategy there is, and although you may see a short term gain, long term, it is a disaster.
And yet China, who everyone says is becoming the new economic superpower, is one of the most protectionist economies of all. You should let them know what a failed strategy they are using.
With less pressure from foreign automakers domestics could then raise their prices 30% too.
Not really. We're already at the point where 6-7 year car loans are common in order to make monthly payments affordable, and that's with a very low interest environment,
And yet China, who everyone says is becoming the new economic superpower, is one of the most protectionist economies of all. You should let them know what a failed strategy they are using.
Yeah, but the Chinese population can't afford a wide range of vehicles like American can. Yes, the Chinese middle class is growing, but they mostly buy economy cars. Here in America, there's a wide range of salaries and people who can afford a wider range of cars than developing countries like China. You can't make direct comparisons like that.
China and Mexico WILL retaliate Trump if he tries to change things drastically. Overall, it will not be good for the US population.
And yet China, who everyone says is becoming the new economic superpower, is one of the most protectionist economies of all. You should let them know what a failed strategy they are using.
Yes, Cadillac is really suffering as a result of all that protectionism:
He has an extensive pattern of doing something spectacularly stupid and ill-advised, getting himself in trouble and then backpedaling. It will be an absolute riot to watch him flail and gesticulate and scream. I just hope he doesn't expect me to fight for Trump, because as the record shows, he was not willing to fight for me.
Remember in his years of dealings, I think everybody knows he had to file for bankruptcy 4 times, from his bad investments. Not even taking any blame, he blamed the banks for loaning HIM the money. Now he is gambling and playing with OUR livelihood, and playing by ear it looks like. Not sure just yet if he is worth the gamble of doing this country well, versus the trouble he may cause. But we sure do need somebody to do something positive.
By this logic, Caterpillar,Dupont, GE, Boeing should all be out of business.
They will or at least lose a lot of business (jobs) if we get into a trade war with other countries and they start imposing retaliatory tariffs. If we slap tariffs on Chinese goods, don't think for a second that they're not going to hit Boeing in the nuts and kick them out of the largest growing airliner market in the world. Same for India. Same for Mexico.
Tariffs are business and growth killers.
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