Donald Trump threatens to make trade more expensive for ‘all the nice European little countries’
Donald Trump threatens to make trade more expensive for ‘all the nice European little countries’
“They don’t take our cars. They don’t take our farm products,” Trump said, referring to Europe and warning that the region will “pay a big price.”
that’s not how tariffs work, though. American companies that would like to import a tariffed commodity would have to pay the tariff to the IRS (or some other governmental body).
So instead of making trade expensive for the „nice European little countries“ it will likely get more expensive for the „nice American little people“.
It is both. Increase the costs of doing business -> price goes up and demand goes down. BotH local customers and external company loose.
This can be sensible if you need to protect a small economy so that the customers profit from having work and businesses grow to become competitive. E.g. all the industrialized nations had protectionist measure to indistrialize and then pushing "free trade" after was a ploy to keep emerging economies down and their natural ressources easily exploitable.
Between two industrialized (or post industrial) economies this does not make sense.
Ford is an American brand that sells cars in Europe. Except they don't sell American Fords that won't fit on small roads, or where the engine needs 20l/100km.
Unfortunately, they do get imported.
There’s an F150 driving around my area, the stupid sumbitch can’t park it anywhere, not even in front of his own garage, so he’s usually parked on the sidewalk. But at least he has compensated for his tiny self esteem I guess.
Ford has two manufacturing facilities in germany.
The company is called For of Europe and they have pretty much everything in Europe these days. For example the Ford Focus was developed in Europe. So it really is just the brand. Everything else is pretty much European.
Donald is again mistaking commerce for extorsion. People buy your wares if they fit their needs and if the price is right. This is commerce. " If you don't buy our cars, bad things will happen to you " is extorsion.
What a genius businessman.Based on experience from American car manufacturing since the 1980s, even worse things will happen if we do buy their cars.
As an European, yes please. First of all carmakers have too much power, so hurting them is always good.
And a modicum of de-globalization would be good, force countries to create their own industries in important fields and stop shipping stuff all over the world 10 times
Of course we don't buy your fucking corn syrup, dotard.
He's gonna supercharge inflation, isn't he.
He did last time, so… yes.
Economic murder-suicide pact
What is actually exported from the US to Europe? Everything comes from Asia even if it’s branded by a US corp.
And they'll retaliate against States that voted Republican, just like last time
I replied to the wrong comment