Posted on 03/08/2018 10:37:31 AM PST by reaganaut1
The European Union on Wednesday released its target list of retaliatory tariffs on American exports worth $3.5 billion if President Trump pushes ahead with his steel and aluminum tariffs. This is how Mr. Trump’s trade irruptions could imperil American exporters and become a destructive spiral.
The EU is acting with some restraint—for now—in crafting a narrow list of items on which to impose tariffs, including bourbon, orange juice, corn, ladders and motor boats. None are vital to European industry, but they are politically shrewd in targeting exports from states represented by Republicans on Capitol Hill. The point is to punish voters in states Mr. Trump carried in 2016 and Republicans running for re-election this year. Too bad Europe can’t impose a tariff on Wilbur Ross and Peter Navarro, the architects of this fiasco.
The danger for the EU is that this will inspire Mr. Trump to indulge his schoolyard impulses and hit back at the EU again. “The European Union has been particularly tough on the United States. They make it almost impossible for us to do business with them,” Mr. Trump said at a White House presser with Swedish Prime Minister Stefan Löfven. He’s also threatened tariffs on European cars.
Since White House aide Gary Cohn soon won’t be around the White House to explain how unconnected to reality this is, we’ll try. It is not “almost impossible” for American companies to do business in Europe. The bilateral trading relationship between the U.S. and the combined EU states is the largest in the world. In 2016 American companies sold goods worth $270 billion in the EU and services worth $231 billion. America has a bilateral trade deficit in goods with the EU—$147 billion in 2016—but a services surplus of $55 billion.
(Excerpt) Read more at wsj.com ...
“demand of marketplace free from government interference...” tell that to the Europeans and the Chinese. Have you ever run a multinational corporation?.
Speaking to your point, part of the tariff ‘argument’ should include a prediction as to the state of our economy, industry, and national security if we do nothing and allow business as usual to proceed.
There's really no such thing as "dumping" in the market. The supply and demand of marketplace is transacted by the voluntary cooperation between buyers and sellers in their own self interest. Buyers freely choose the best product for the best price and will generally will not buy low quality junk because that generally is not in their best interest.
How does that process "raise prices"?
EU has a VAT tax on our products. We have none. At least that’s what I’m told. So, how is that free trade?
AMEN.
So true!
Yeah, what you said and, buy American for crying out loud!
What ever we still can, buy American.
Your daily free traitor screed.
Jobs jobs jobs
Employed people and reopened factories pay taxes
Id buy a car next week for a significant tax credit
American car, not Japanese
Maybe a new steel appliance too
American not South Korean
What if there are hundreds of thousands of me that would jump
Right now
Not next year
Anti-Trumper baloney. Tariffs are wholesome and good. No more open American markets while they have barriers.
The MAIN reason for our failure to compete in the marketplace are federally protected unions, high taxes, regulations, minimum wage, subsidies, and a weak dollar all converging to “bind and gag” American business and drive industry from our shores. Kill these mostly unconstitutional and boneheaded acts and policies and you’ve gone a long way to fixing the problem.
Easy-to-read list: END
- federally imposed suffocating HIGH TAXES and abolish so-called "CORPORATE TAXES" which are actually a hidden individual tax),
- unconstitutional federal PROTECTION OF UNIONS (why Detroit looks like a graveyard)
- unconstitutional dead-end REGULATIONS,
- unconstitutional business-and-job-killing FEDERAL MINIMUM WAGE,
- unconstitutional SUBSIDES (BRIBES) FOR SPECIAL INTERESTS
- DESTABILIZING & DEVALUING THE DOLLAR.
The only difference is that we are now fighting back.
They are going to protect their industries.
And the US will win it!
Exactly!
I trust Trump on this and not the globalist WSJ.
Actually, no they are not protecting their industries if they impose tariffs long term. They are denying their consumers their best choice and hurting their economy by forcing higher prices. In the long run , they are hurting themselves which is why his kind of nonsense doesn’t last very long with any country that wants to be a true contender in the marketplace.
This just shows that world doesn’t believe in free trade after all. Proves us protectionists were correct all along. You Free Traitors™ are a small dangerous stupid group.
But the fact is that these nations are protecting their industries from competition and imposing taxes on our exports.
They are also subsidizing their imports to us.
Since these are supported by their governments, they can continue to do this for quite a while.
Ok they impose tariffs on us and we are the bad guy? They started it with there tariffs a long time ago. Free Traitors™ are the scum if the earth.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.