Posted on 05/23/2018 2:26:09 PM PDT by reaganaut1
WASHINGTON—The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan.
President Donald Trump has already used a legal provision known as Section 232 to impose global tariffs on imported steel and aluminum, and now the administration is considering starting a probe of imported cars under the same law, possibly applying tariffs at the end, the people said.
Mr. Trump has repeatedly floated the idea of tariffs on auto imports in meetings. The plan remains in its early stages, and is likely to face significant opposition from a number of interest groups, from foreign trading partners to domestic dealers of imported cars.
Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. The administration is currently considering tariffs of up to 25%, according to two people briefed on the plan.
(Excerpt) Read more at wsj.com ...
Tariffs are patriot candy.
Presently national security is the figleaf being used to cover what is certainly political espionage on the trump campaign
Excellent!!!
Trump is going to rebuild our industries and vehicle manufacture is a huge one, and impacts ton of downstream supply industries.
MAGA!!!! YUGE!!!!
Globalism will be defeated like Communism and Fascism were defeated in the 20th century.
Trump wants to use national security as a pretext to do whatever he wants. It reminds me Obama’s unilateral immigration amnesties.
Free Traitors™, and their failed economic theories, are the biggest threat to national security we have (besides unbridled immigration).
Mercedes and BMW and VW must go to the politicos and insist on a deal that will allow no or reduced duties on American pickups and jeeps and other american vehicles in demand in Germany and europe.
Patriotism is the last refuge of a scoundrel
Anti business isolationists are enemies of true Americans
I guess to you George Washington and Madison were quite the rouge scoundrels.
Gee, “business isolationist”. Did you make that BS up? Name another country with lower import tariffs then the USA.
The vehicle industry IS a national security concern, because the USA needs to be able to convert manufacturing capacity to produce Tanks and other weapons of war on a moment’s notice.
It’s also a national security concern, because the economy is a national security concern.
Both are irrelevant to the current state of American affairs inso far as economics are concerned.
Washington was by your misguided definition a globalist since he exported tobacco
Madison constitutionally excluded any tax on exports to promote the efforts of Yankee traders
Trade makes the world go round
your question is irrelevant.
Correcto...
We need trade. But after decades of caving in its payback time.
Germany should be the hardest hit.
In fact, the United States never adhered to free trade until 1945. A very protectionist policy was adopted as soon as the presidency of George Washington by Alexander Hamilton, the first US Secretary of the Treasury from 1789 to 1795 and author of the text Report on Manufactures which called for customs barriers to allow American industrial development and to help protect infant industries, including bounties (subsidies) derived in part from those tariffs. This text was one of the references of the German economist Friedrich List (1789–1846). The United States has become the main opposition to free trade and this policy remained throughout the 19th century: the overall level of tariffs was very high (close to 50% in 1830).
History of tariffs
Don’t get too carried away there Mr. True American.
Some of the other True Americans don’t exactly agree with you.
Some of us aren’t exactly thrilled with the trade dynamics of the last 26 years or so.
We’ve seen millions of jobs transferred overseas, and we still have tens of millions of people out of work.
We’ve seen other nations slip it to us with currency manipulations that resulted in their people having to pay as much as 40% more for our goods.
I have never bought into the idea that killing $12.50 to $20.00 an hour jobs here to employ people overseas at anywhere from $0.50 cents to $5.00 and hour was a wise plan.
Putting our folks out of work increased the national debt. When you don’t have people working, the feds don’t get a cut of their pay.
This isn’t a zero sum gain here.
One thing I do literally hate about this though, is that he picked in industry that is heavily unionized, which means he’s protecting some jobs that are essentially manual labor for big big union wages. They priced themselves out of the markets in large part.
Free trade between the 50 states and her 300+ million make the USA go around. Everyone else pays the duty bucko.
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