Trump signs tariffs

[Clocker]

Tell me this is from The Onion, please?

Originally Posted by fast4522

Something new?

"There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry," Commerce Secretary Wilbur Ross said in a statement.

The Commerce Department announcement said the investigation "will consider whether the decline of domestic automobile and automotive parts production threatens to weaken the internal economy of the United States, including by potentially reducing research, development, and jobs for skilled workers in connected vehicle systems, autonomous vehicles, fuel cells, electric motors and storage, advanced manufacturing processes, and other cutting-edge technologies."

So those sneaky bastages in Germany and Japan came up with an evil plot to undermine the US economy by building better cars than Detroit and selling them over here. Clearly done to avenge their loss in WWII.

To keep the nefarious plot secret, they even built factories over here, so that if some genius like Wilbur figured it out, they could continue to undermine the US economy by building cars here and avoiding the tariffs they knew would eventually happen.

I think Wilbur should have consulted with Mr. Ed before going public with this idiocy. It seems we need a little more horse sense in Washington.

[elysiantraveller]

Trump moves forward with tech limits, tariffs ahead of China trade meeting

And... its back on folks!

This week Wilbur Ross will be meeting with China and not the Free-Traders Mnuchin and Kudlow so...

Ambling...

[woodtoo]

Originally Posted by Clocker

Tell me this is from The Onion, please?



So those sneaky bastages in Germany and Japan came up with an evil plot to undermine the US economy by building better cars than Detroit and selling them over here. Clearly done to avenge their loss in WWII.

To keep the nefarious plot secret, they even built factories over here, so that if some genius like Wilbur figured it out, they could continue to undermine the US economy by building cars here and avoiding the tariffs they knew would eventually happen.

I think Wilbur should have consulted with Mr. Ed before going public with this idiocy. It seems we need a little more horse sense in Washington.

America imports nearly $300 billion in automobiles annually if halve were built in the US of A, that would be friggin awesome!

Wilbers nick name is Wolverine one of the best negotiators on the team.

[Clocker]

Originally Posted by woodtoo

America imports nearly $300 billion in automobiles annually if halve were built in the US of A, that would be friggin awesome!

Wilbers nick name is Wolverine one of the best negotiators on the team.

BMW builds more cars in the US than it sells here. In fact, BMW is the number one exporter of American-built cars. Mercedes, Toyota, Kia, and many other "foreign" companies also have large plants here.

Foreign motor vehicle manufacturers are now making more cars and trucks in the United States than General Motors, Ford and all other U.S. companies, a first in U.S. history. That's based on projections for the first quarter of 2018 from WardsAuto.com, as reported recently in the Wall Street Journal.

So just what is it that "Wolverine" hopes to do to remedy this horrible situation?


https://www.forbes.com/sites/kenrobe.../#4d75191f1fd8

[woodtoo]

Originally Posted by Clocker

BMW builds more cars in the US than it sells here. In fact, BMW is the number one exporter of American-built cars. Mercedes, Toyota, Kia, and many other "foreign" companies also have large plants here.

So just what is it that "Wolverine" hopes to do to remedy this horrible situation?


https://www.forbes.com/sites/kenrobe.../#4d75191f1fd8

I Don't know his plan, build even more cars in America?

[Clocker]

Originally Posted by woodtoo

I Don't know his plan

But the incredible Wolverine will make it all better?

[reckless]

Originally Posted by elysiantraveller

Trump moves forward with tech limits, tariffs ahead of China trade meeting

And... its back on folks!

This week Wilbur Ross will be meeting with China and not the Free-Traders Mnuchin and Kudlow so...

Ambling...

Thank God for this. Trump is back on track!

Larry Kudlow was a strong supporter and advocate of allowing the Communist and criminal country of China into the WTO. Never forget that.

Steve Mnuchin is a graduate of the 'free' trade, paper shuffling, f--k the USA and the rest of the world as long as I receive millions in bonuses annually, banking cabal of Goldman Sachs -- a spot he 'earned' by simply being the son of a GS managing partner -- isn't white priviledge and affirmative action wonderful??

The two of them are only protecting their Wall Street and banking benefactors and NOT the best interests of America and its citizens.

Hundreds of billions of annual trade deficits and trillions in transferred wealth must stop and the sooner the better.

[fast4522]

https://www.bloomberg.com/news/artic...u-under-threat

Anything that gets George Soros depends in a twist I am for.

[fast4522]

https://www.politico.eu/article/trum...-restrictions/

Today?

[woodtoo]

No more exemptions for China, Japan,Mexico,Canada and EU.
NAFTA more or less dead with their threats of retaliation.

Plus WTO running out of judges to settle disputes, Trump administration vetoes judge appointments. They are now in a pickle also.

Rumours of new tariff on sour grapes coming.

[Clocker]

Trump announced his weekly flip-flop on tariffs today, saying that tariffs will be imposed effective June 1 on steel and aluminum imported from Canada, Mexico and the EU.

Here's a rundown of the announced or expected countermeasures from the US allies:

• Mexico: Its government said it would impose "equivalent measures" on US products — including flat steel, lamps, pork legs and shoulders, sausages and food preparations, apples, grapes, blueberries, various cheeses, and more.
• EU: Juncker said the bloc would move forward with tariffs on equal value to the steel and aluminum measures. The EU had previously released a list of US products that would be subject to tariffs in the event the metal restrictions went into effect. The list included blue jeans, motorcycles, boats, bourbon whiskey, rice, playing cards, and steel.
• Canada: Foreign Minister Chrystia Freeland told reporters that Canada would impose retaliatory tariffs on US goods including steel, aluminum, and more — up to a value of $16.6 billion. According to Freeland, the tariffs were the "strongest action by Canada in the post-War era." In addition to the industrial metals, the Canadian tariffs would apply to some consumer products, such as maple syrup, pizza, and toilet paper.

http://www.businessinsider.com/donal...da-list-2018-5

[Clocker]

Originally Posted by woodtoo

No more exemptions for China, Japan,Mexico,Canada and EU.
NAFTA more or less dead with their threats of retaliation.

Plus WTO running out of judges to settle disputes, Trump administration vetoes judge appointments. They are now in a pickle also.

Rumours of new tariff on sour grapes coming.

Our president is screwing around with your economy, and you think it's great?

Better be careful, Trudeau is cracking down on thought crimes.

[reckless]

Originally Posted by Clocker

Our president is screwing around with your economy, and you think it's great?

Better be careful, Trudeau is cracking down on thought crimes.

And yet, despite millions of lost jobs, nominal GDP growth these last 20+ years, wages compressed to historic lows, the transfer of trillions of dollars overseas, historic trade deficits, all thanks to 'free trade' that you advocate ... and YOU think that's great?

No wonder you are confused.

[Clocker]

Originally Posted by reckless

despite millions of lost jobs

Off to a good start, yelling "the sky is falling", without data or proof of cause. And ignoring all the new jobs created by trade. Enlighten us poor ignorant souls, please. Tell us how those millions of jobs were lost. Hint: automation is a YUGE cause.

One opinion from Trump's alma mater:

While conceding that many U.S. high-wage manufacturing jobs were relocated to Mexico, China and other foreign locations as a result of NAFTA, Morris Cohen, Wharton professor of operations and information management, argues that NAFTA has, on balance, been a good thing for the U.S. economy and U.S. corporations.

And another monster under the bed, "historic trade deficits". Trade deficits are not a bad thing. Among other benefits, they keep the cost of living down for our citizens. The vast majority of business people and economists understand that.

Trump has repeatedly said that we run a trade deficit with virtually every country we trade with. Actually, we have a trade surplus with more than half the countries we trade with, including Canada.

Trump says that he strongly believes in free trade, but it has to be fair trade. Let's ignore for the moment that free trade and fair trade are mutually exclusive. If Trump wants fair trade, and if trade deficits are not fair, why isn't he doing anything about eliminating the trade deficits that we are causing so many of our trading partners, including Canada?

[woodtoo]

Originally Posted by Clocker

Our president is screwing around with your economy, and you think it's great?

Better be careful, Trudeau is cracking down on thought crimes.

You have been getting screwed for many many years by NAFTA, Turdeau is a joke I have to put up with until another kindergarten teaching job opens up in a couple years. I'm willing to take some lumps for a better future.