Posted on 05/15/2018 12:15:20 PM PDT by SpeedyInTexas
Bloomberg Link: https://www.bloomberg.com/news/articles/2018-05-15/wto-says-boeing-hurt-in-airbus-case-paving-way-for-eu-sanctions
DJT - target European cars. Force them to relocate manufacturing to the good ole USA.
Bloomberg Link: https://www.bloomberg.com/news/articles/2018-05-15/wto-says-boeing-hurt-in-airbus-case-paving-way-for-eu-sanctions
WTO - he tried to say.
authorized by the TWO what?.........................
“DJT - target European cars. Force them to relocate manufacturing to the good ole USA. ‘
Fact of the matter is that most of the European automakers do build cars here. Mercedes, VW and BMW. Porsche/Audi evidently do not. Fiat/Chrysler is ending domestic auto mfg. They will build cars in Mexico.
1. They already have. BMW, Mercedes and VW all have plants here.
2. It won’t force them to do anything. They will just increase their prices and people will pay it. Same thing happened with motorcycles and the ‘Harley Tariff” in the 80s and the “gas guzzler” tax/tariff of the 90s.
The trade deficit with most countries is driven by one product (exception being China) - autos/auto parts.
Subtract autos/auto parts trade from US/JAPAN trade and the trade would be balanced.
The huge US trade deficit with Japan, South Korea, Mexico, Germany exists because of autos.
Those higher prices increase profit margins for domestic producers and allows them to increase market share and increase US employment and GDP. WIN - WIN.
We need a border tax to "convince" them not to be Free Traitors™.
Here in KY, the biggest auto manufacturing presence is Toyota. They make Camrys here.
We still run a $50 billion dollar yearly deficit with Japan on autos/auto parts - even with their manufacturing in KY.
How is it a WIN for the other 99.9% of us who don't work for an auto company or own auto company stock, but will have to pay the higher prices?
Yeah. It’s just one model.
Ford and GM are pretty much doing the same.
Beginning in the 1970’s politicians handed our auto industry off to foreign companies in return for campaign donations
It didn’t happen overnight.
But little by little, drop by drop the US auto industry was gutted.
It wasn’t primarily, or only, racial strife that destroyed Detroit and its environs.
It was the loss of thousands upon thousands of high paying jobs with the auto manufacturers, their subcontractors and suppliers.
Before the foreign invasion there were many now defunct American auto brands on the market, popular and healthy:
Oldsmobile
Plymouth
Mercury
Pontiac
Dodge (cars)
AMC
.
Half of those brands are really just GM. Others are really just Chrysler. We’ve had essentially three car companies in this country for decades. If Buick or Oldsmobile disappears it’s because GM made a marketing decision to get rid of the brand ans focus on something else.
Except it didn’t in the 80s, it didn’t in the 90s and it won’t now. The Big Three are getting out of the sedan business because few want their offerings at any price point.
It's a win because wages will rise and people will have jobs. This is huge win for Americans. You know, those reprobates that GLOBALISTS hate so much.
No one should be SO greedy as to want to destroy the USA's industrial base, cause social havoc, lower GDP growth, in order to buy a cheaper poor quality imported made consumer goods. IT'S NOT WORTH IT AT ANY PRICE.
Protectionist, (Patriots) understand that a tariff will increase prices. We get it. WE WANT THAT. It's a one time inflation due to higher labor costs in the USA. Again, we understand the economists. We are not stupid. But the payoff from higher import tariffs comes in lowered social costs and higher quality products. We are willing to pay more for a strong viable industrial base. AS FOR ME WANT TO PAY MORE FOR AMERICAN MADE GOODS.
And most of what they offered was crap, the customer service was crap, the long term durability was crap... they played the ‘where ya gonna go’ game with their customers all through the 60s and when competition showed up in the 70s, people started jumping ship.
If Detroit had been building what people wanted instead of trying to dictate what they would buy, they would never be in the strait they were and are in.
People paying more for patently inferior but American made goods is what ended up bankrupting Chrysler and later GM. Go read Iacocca’s first book - he freely admits that what Detroit was making was garbage.
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