Uhmmmm.......Targeting politics red states by foreign governments? Isn’t that meddling in U.S. political elections?
Mercedes, VW, BMW, Porsche, Bentley, Rolls Royce, Jaguar, Audi, Volvo, Mini, Sterling, Alpha Romeo, Fiat..............................
By operation, U.S. tariffs will force higher prices on those targeted items upon which U.S. tariffs are imposed. Like shooting yourself in the foot.
Although government-forced higher prices on a particular import may help certain industry special interests who have lobbied for such protection, the American consumer, American OEM enterprise that use targeted components, and, thus, the economy in general, suffers accordingly from such. U.S. protective tariffs are a net loss for America.
So-called “trade wars” consist of one country shooting itself in the foot because the other shot itself in the foot. Insanity.
Answer? DON’T shoot yourself in the foot because the other guy did. Let the voluntary cooperation between buyers and sellers in the open supply and demand of marketplace free from government interference work it out and do what it does best: CREATE WEALTH.
In the meantime, get rid of the CAUSE that cripples our cost-effective, superior America products: government meddling and interference which CREATES POVERTY.
It is vital for our National Defense that we have a healthy Steel and Aluminum industry. It is not an option to allow these industries to whither as other countries dump their steel and aluminum. We are already in a trade war and must respond. We have less to lose than “them”.
The United States is overwhelmingly an importer, whereas the EU is overwhelmingly an exporter. Not hard to guess who’d win, ultimately. Open your markets to US exports, EU. You’re the one who will lose, otherwise.
idiots, we are already in a trade war, a trade war with the rest of the word and we are getting our heads handed to us.
Being a cowardly idiotic scum must be one of the criteria for the press.
On Import Tariffs and Our Foreign Trade Stockholm Syndrome ~
In terms of trade retaliation, I’m old enough to remember a time when the only harm the Chinese could have inflicted on the U.S. would have been to impose an embargo on their then chief export -— paper and bamboo cocktail parasols. But look how we fear them now! Like it or not, we’re engaged in a multi-front war to restore America’s autonomy and exceptionalism.
From my perspective, the proposed import tariff issue is divided into two distinct camps. The analogy I’ll use is that America, in the name of “free trade,” finds itself standing on an increasingly wobbly, three-legged stool with a noose around her neck. One camp, the Trump camp, is urging that we attempt to remove the noose and run the risk of slipping and hanging ourselves, but better that than continuing to be held hostage.
The other camp, the defenders of absurd trade inequities (Stockholm Syndrome) is urging that we hold our breath and remain perfectly still, knowing that the stool will eventually collapse, but praying that it won’t collapse today, This issue has polarized American opinion and discourse because one option is risky and scary, while the other is foreseeably suicidal.
The U.S. hasn’t posted a foreign trade surplus since 1975, and is currently running an annual trade deficit of more than $800 Billion per year. Frankly, we’ve gotten so accustomed to getting screwed by our foreign trading partners that one camp would rather do nothing at all, than to disturb this false sense of trade stability. The other camp would rather reverse course, while we’re still able.
One thing is for sure, trading commodities with foreign governments (ex. China) that subsidize production costs in order to dump below cost products on the world market is NOT “free trade.” We are sacrificing long-term national economic independence, internal production capacity, security and indeed sovereignty in exchange for strategically leveraged near-term price point savings, without considering its true overall impact.
This is exactly what the no borders, globalist oligarchs want us to keep doing because it so diffuses and cripples America’s internal economic and production might that it leaves us vulnerable to world crises. What country in their right mind would cede production of strategic metals like steel and aluminum to a known hostile government, while turning its own industrial production of the same strategic metals, along with its workforce, into a “Rust Belt?” We did.
So, we have a choice. We can either decide to throw off the yoke of foreign economic tyranny now, and run the risk of trade retaliation that might make us temporarily uncomfortable, or do nothing at all while awaiting the inevitable outcome of complete economic subservience to foreign governments. As for me, I’d rather take the risk now, while we still have the ability to spool-up our near-dead, but proven industrial production superiority -— prices be damned.
MAGA
Trade wars are wars of attrition.
The USA is the largest market of leisure spending in the world. By far.
Price increases may slow down purchases but it won’t stop them.
I am pretty sure the EU and others will blink first.
Trump clearly feels the same.
Tariffs will cost jobs in industries that use steel and aluminum and in export industries targeted for retaliation. They also raise prices for consumers.
I’m going to guess you haven’t been shopping for a car lately in Europe.
“Tariffs will cost jobs in industries that use steel and aluminum and in export industries targeted for retaliation. They also raise prices for consumers.”
Yeah, and if we get into a war with China, we can buy our Steel and Iron from them to build our War Machine.
Free traitors are amusing to me.
“If Washington still wants to ‘do something” about immigration, we propose a five-word constitutional amendment: ‘There shall be open borders.’”Aside from not acknowledging that the EU (and especially the country that leads it, Germany) has been engaged in their own tariffs to protect their “single market”, the opinion of the globalist WSJ is long tainted with communism.
— WSJ Editorial Board, 1984
“The Communists are further reproached for desiring to abolish countries and nationality.”
— Communist Manifesto, Chapter II, 1848
“[I]n general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.”
— Karl Marx, “On The Question of Free Trade”, 1848
Tell the euro-weenies in the UK for example that their American Bourbon (which they've become QUITE fond of ....) is going to cost more TO THEM and watch what happens.
Far as I'm concerned, it'll just be more for me to drink here in the States and the price will come down a bit. Win-Win for me.
No talking just attack ,what a bunch Commies
The US needs strong steel and aluminum industries, and we also need to be able produce all the computer chips and electronic systems needed by our defense industries.
It’s just a theory that all those supposed negatives would result from tariffs on imported steel and aluminum. Companies and industries adjust and look for savings elsewhere to keep their prices competitive.
This is mostly a lot of globalists using scare tactics to try and preserve the status quo.
We are the largest consumer economy on the planet..
UK’s GDP per capita is less than Alabamas....
I am not worried about the EU
Trump knows what he’s doing.
The European Union was created for one reason only , TO PROTECT THEIR STUFF ,LOL
What is in process is a fantastic game. Every politico gets to play according to his own rules that are to his greatest benefit. All the hoopla is game playing for constituent consumption. The actual negotiations at the the table will be different.
Trump will have a list of the most onerous tariffs as compiled by the CEO’s he has been meeting. The EU will be presented with a list of new proposed American tariffs on specific EU exports.
Trump will then make an offer the EU does not dare refuse. Lift the tariffs or the US tariffs will be imposed.