We should just set our tariffs equal to theirs, assuming no other trade barriers against our products. Or set ours equal to the approximate cost of any non-monetary barriers. If their barriers completely block our products, then a hundred percent tariff on their goods.
Yep, and put in regulations to lower tariffs automatically if they do so. It’s not rocket science. We should have been doing this decades ago.
Ditto the truth is free trade is not free. Is time free trade meant free
They're offering to eliminate tariffs on vehicles imported from the U.S. in exchange for the U.S. eliminating tariffs on vehicles imported from Europe. The U.S. has a 25% tariff on light trucks and SUVs. Because of that tariffs pickups and SUVs are the most profitable lines for GM, Ford, and Dodge. So profitable, in fact, that U.S. automakers are cutting back on car lines in favor of light trucks and SUVs. Remove the tariff and the Big Three take a substantial hit to their bottom lines. Will Detroit sit still for that?