Backstabbed US auto companies blast Trump’s trade deal with Britain
Backstabbed US auto companies blast Trump’s trade deal with Britain
Trump has put American automakers at a disadvantage with their British competitors, they complain
Hilarious. Conned by the brits. Nothing in return.
He's getting desperate to find a way to back down without looking like he backed down.
I love that Xi is holding his feet to the fire and I'm thrilled to see how that pans out. The Chinese are much better equipped to weather whatever storm Trump can stir up.
This. The Chinese people are able (if not willing) to put up with a much lower standard of living than even the most hillbilly MAGAs are willing to tolerate, because an authoritarian government like China doesn't have to care what its people want. Trump will get nothing out of this "deal" and if we're incredibly lucky, their government will be satisfied with humiliating Trump and going back to the status quo. It's a big propaganda win for them.
Its funny because if you read some of the british news they say its a conn by the US that gives the UK nothing in return.
Its almost like none of the politicians have a clue what is going on.
It can be both. The upset of the car companies is that since they pay tarrifs on imports they need to make cars and the uk does not it sets up to be cheaper for the uk cars. Its not really a factor of this "deal" but more the whole way he is going about doing things. I have been mentioning this a few times in comments. The way he is doing it any US manufacturer that relies on a majority of imported components (especially for the moment china) is better off manufacturing somewhere abroad with no tarrifs. Then they can sell globally for cheaper and for not much more in the us (maybe even cheaper again if the components come from a currently high tarriff area like china) because they would have paid high tarrifs on most of the components but now they pay one tariff (possibly lower) on the finished product. Its funny that he claims its about manufacturing but he is doing blanket tarrifs so like canadian oil and lumber along with mexican tomatoes and avocados. To encourage manufacturing you want low tarrifs on raw materials and high tarrifs only on finished products. In addition business likes stable areas to work from which is why asia has boomed but western africa has not despite its close location to europe and not to far distance from the americas. I have all the parenthesis in this comment because we literally don't know what the tarrifs will be day in and day out and in the future and really how the us will be conducting business with its neighbors. International business with the us is now a crapshoot.
To encourage manufacturing you want low tarrifs on raw materials and high tarrifs only on finished products.
Key point that needs to be highlighted. Only fascists think their nation can be entirely self sufficient.
America can into Juche?
