Trump Wants To Hit Car Imports With 25 Per Cent Tax To Protect National Security
Legendary businessman, Twitter obsessive and occasional president Donald Trump wants to introduce big tariffs on imported cars to protect US jobs, citing national security concerns.
The Commerce Department has launched an investigation into the threat posed by imported cars, trucks and car parts, with a view to imposing tariffs that Trump hopes will help the domestic auto industry grow.
According to Politico, the likes of Toyota, Nissan and Aston Martin have “expressed alarm” at the news, while John Bozzella, CEO of Global Automakers, a trade association and lobbying group representing the interests of international auto makers in the US, called it “a bad day for American consumers”.
He said: “The U.S. auto industry is thriving and growing. Thirteen, soon to be 14 companies, produced nearly 12 million cars and trucks in America last year. To our knowledge, no one is asking for this protection. This path leads inevitably to fewer choices and higher prices for cars and trucks in America.”
The news comes as Trump heads off to attempt to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico – two of the three biggest vehicle importers to the US. NAFTA allows free trade between the three countries, but Trump thinks the US gets a bum deal.
Before heading to Long Island for crunch talks, he said: “NAFTA is very difficult. Mexico has been very difficult to deal with. Canada has been very difficult to deal with. They have been taking advantage of the United States for a long time. I am not happy with their requests. But I will tell you, in the end, we win.
“We will win, and we’ll win big.”
Comments
We europeans don’t give a fk
umm, less market for european cars?
Of only people would complain about EU import taxes as much as they do about the U.S. ones… I say go for it, U.S. needs to save their production plants as well as their car companies. Banning VW group in U.S. would be another great move as it would eliminate a lot of competition for U.S. cars
Are you mentally challenged?
“killing 2000 jobs in Chattanooga to own the libs”
Actually I live in Haiti and here we have our own problems
Maybe Americans should start making good cars. Ditch the Chevrolet Volt and make something actually usefull.
Argentina applies 35% to imports, sadly…
so basically all cars? never heard of an Argentinean car brand
My reaction:
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
No
Y does America hate foreign cars? Is it that they want everyone to drive the same thing? They wanna make the country look boring af? Look at Canada……. They have 15 years import rule but America has 25
We don’t
In other words, do you live in America? Do you want to import an R34? Do it NOW!!!
25 year rule
Don’t companies like BMW america provide excellent jobs to many, many americans? Trumpi still doesn’t get that his job is more complicated than he’d like it to be
I’m sure Trump would love to have to buy foreign cars now.. It’s half his garage. http://www.businessinsider.com/donald-trumps-car-collection-2017-1
he’s rich, so he doesn’t care how much the price will increase for his collection
Topics
Sponsored Posts