>US President Donald Trump threatened on Friday (22 June) to impose a 20% import tariff on all cars manufactured in the EU if recent sanctions the bloc slapped on Washington are not “broken down and removed”, continuing the tit for tat trade war with America’s nominal allies.
>“Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” [sic] Trump said in a tweet.
See And I don't think they'll open factories for luxury cars, wealthiest americans could easily afford this 20% higher prices.
Matthew Foster
no, he praised Marchionne for producing in murrika and they are produced there anyways
Ethan Brown
it's guaranteed to happen eventually because whoever can offer a similar product but cheaper (ie without tariffs) will get rich
Dominic Watson
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Josiah Wood
HE'S GONNA BANKRUPT AMERICA JUST LIKE HE BANKRUPTED HIS COMPANIES
Adrian Nguyen
Nah he's going to bankrupt Europe
Lincoln Nelson
If it makes it way more profitable to, it'll happen. And what's stopping the US government from directly investing in buisnesses anyway ? Do they have a law saying that Trump can't just go buy 20% of Ford's shares and tell them to build locally ?
Ian Evans
either scenario would be bad
Xavier Parker
The second one won't be bad for America.
Ethan Barnes
bankrupting Europe is usually good for the US, it means you guys can buy companies for cheap, get their patents and build new tech in the USA. Plus, you'd recover faster than we would since our bankruptcy laws are retarded, that'd give you an advantage.
Good, germs need to be punished for gassing monkeys and cheating on tests
James Watson
What's gonna happen is decided by the market, not by the US government, unless Trump wants to play wannabe dictator. The more likelier scenario is that US manufactorers just increase their prices and profits by 25% and will be even more uncompetitive on a global scale. It's not like Trump is the first genius in history that thinks protectionism is a good idea. At the end both the EU and the US economies will be damaged and what exactly will we have achieved?
Carson Adams
Trump is hitting China and EU hard and it's forcing them to trade with each other to avoid over production Not sure how that is a success Is trump a secret China spy?
Leo Peterson
europeans invest a lot of money here. in fact, european money pouring into subprime mortgages was a major factor in the great recession
Dominic Richardson
Now your going full commie.
Ryder Miller
The next president of America is gonna have to go on a massive apologising spree all over the world after Trump is voted out.
obviously the whole thing is silly. i was just speaking in terms of what would happen in a long term trade conflict
Caleb Roberts
I’m so glad I voted for him
James Ross
He's going to be reelected
Michael Thomas
What ? I'm not saying to nationalise things, just buy in and ask them to do shit like any shareholder with enough voting power could. This kind of fuckery happens all the time with regular investment banks who'll tank good plans because they have more to gain from the competition winning this time, since they own part of it too.
But yeah, keeping the shares would probably fail when the next government realise they can control the company.
Evan Martin
No, he can. The US gave the President the right to add tariffs autonomously.
Adam Ramirez
>What's gonna happen is decided by the market The markets adjust to policies enforced by states with real power. If it is unprofitable for Americans to import European goods then they'll stop importing. American manufacturers will see an opening and will try to cover demand which means more jobs for Americans. Balanced trade is fair if Yuri's want access to the 350 million going 400 American market
Jackson Mitchell
>in fact, european money pouring into subprime mortgages was a major factor in the great recession Oh i know, they bailed their failing banks through us.
