China is imposing Trade Tariffs on US-made Government Subsized cars.
Frankly, I'm not surprised by this. It's been common knowledge that Obama Motors (GM) has been "Stuffing The Pipe" to it's dealers for some time, over-producing to keep Obama Economic numbers up.
As of Dec. 1, they had 626,000 cars in dealer inventory, something like a 70 day supply.
Pretty soon Obama will mandate dealers will need to accept EBT cards. Buy your govt car with govt welfare money.
“dumping and subsidising”
What’s good for the eagle is good for the Peking duck.
The United States Constitution, Article I, Section 8:
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;...To regulate Commerce with foreign Nations,...”
The Tariff Act of 1789 was the first national source of revenue for the newly formed United States.
Wait till Trump hears about this.
Los Angeles China? First it was Berkley going communist, now this....
I favor putting full fledged tariffs on the Chinese while we still have a consumer market that is strong enough to leverage.
We’ve had decades of incompetent leadership in Congress that has allowed our world market position as a strong consumer to be frittered away to the destruction of the USA economy. Fifty percent in the USA no longer pay taxes because the US factory jobs that paid sufficient taxes and kept our deficits down are now in Asia and Mexico.
The Chinese Commies were our enemy until the Wall Street investment bankers decided they could profit from them by building up their economy at our expense. There was an economic war and we lost. To that end we need to blame those who we elect and pay to establish policies that keep the USA strong.