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
Meanwhile we have to pay %60 tax for anything we want to import %25 tax looked like nothing to me
I’m going to say it: Trump, in every aspect, is the worst thing to happen to American politics since Nixon.
How? Not saying that I agree or disagree, just back it up.
So he’s nearly as bad as a man who resigned office to avoid going to jail for spying and lying in court. Right then…
This is America
Uhhh except every american car manufacturer produces something outside of the us and a lot of foreign companies make vehicles here sooooo hows that supposed to work?
Coming from the man who bitched that you don’t see chevys in Germany, while they were sold there under Opel. This grapefruit doesn’t know jack shit about the car industry
but American cars suck (except only a few out there).
Look at the all crappy low-rent Fords on the road and Chevy Cruz….
I still don’t understand why would anyone buy that.
This wont hurt automakers as much as it will buyers as they are the ones that will pay that tax
They did that here in Argentina, it all went wrong, cars made in Mercosur cost almost the same than a import and they are crappy compared to the imported ones.
The EU have been doing this for decades. The result is that a basic Ford Mustang GT costs £40,000 or approx. $54,000 in the UK.
The EU and China have brought this on themselves with their own unfair trade policy.
What about like japanese companies that make most of their cars in the us
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