Trump Plays Dangerous Game Of Chicken With Trade Tariffs

[Cuddles]

https://www.cnbc.com/2018/07/06/china-implements-new-tariffs-on-us-products-state-media-says.html

https://www.marketwatch.com/story/t...-on-more-than-500-billion-of-goods-2018-07-05

Hopefully this scares the GOP into jumping on board the impeach train.

http://thehill.com/policy/internati...open-to-reducing-eu-tariffs-on-us-car-imports:



Maybe it is working?

The Europeans always cave, we've known that since the 1st great war.

 

[Humpy]

The Europeans won't be wanting US autos at double their normal prices because of Dump's tariffs.

 

[schweiz]

Russia is starting too with trade tariffs (20-40%) on US products.

 

[Cuddles]

well, that rally was unexpected....should've held on to BABA.

 

[ironchef]

It does not really matter. If the American consumer is not buying American cars, you want the Europeans to buy them. Specially when the average price of a Gollan of gas in Europe is like $7.00
The Germans know Trump psychology and what Angela Merkel said is a ploy to deflate his ego!
Sometimes I wonder, how much does Angela know about all the Russian money laundering that went through Deutsche Bank, but that is another story coming soon to theater near you!!

Enough Americans are still buying American cars.

 

[ironchef]

well, that rally was unexpected....should've held on to BABA.

Maybe Wall Street knows something we don't?

 

[schweiz]

Sometimes I wonder, how much does Angela know about all the Russian money laundering that went through Deutsche Bank, but that is another story coming soon to theater near you!!

Trump has an important link with Deutsche Bank too, just like the Russians... It is no coincidence that Russians and Trump are both at the same bank.

http://www.businessinsider.com/trump-deutsche-bank-mueller-2017-12?international=true&r=US&IR=T

 

[Nine_Ender]

Enough Americans are still buying American cars.

In 2009, GM and Chrysler were basically out of business and required tax payer investment to get back in business. Tariffs as stated are going to have a similar impact on the auto sector; do you really want American tax payers subsidizing these firms again to keep most of the auto workers employed or are you willing to let them fade out this time ?

Nothing about most of Trump's tariffs makes sense for Americans but too many Americans think it makes sense. So like the medical premiums, it will only be after the impact occurs that people will question what they got into. And the solutions will be much harder to implement at that time. The only sure thing here is that the American populace will get whatever they deserve, good and bad, because you supported Trump on all of this.

 

[ironchef]

well, that rally was unexpected....should've held on to BABA.

Maybe Wall Street know something we don't?

 

[schweiz]

A real life example of the problems created by Trump:

The entire X4, X5 and X6 production from BMW is produced in South Carolina. For this production they need:

• steel: from the Us but now much more expensive, so raising cost.
• engines: come from Germany and Austria and will be subject of trade tariffs, so raising cost.

70% of the production is exported outside the US, and can be subject to trade tariffs later. Raising cost.

Avoiding raising cost means moving production out of the US for, at least, all the cars that are not sold in the US. How can this create jobs in the US?