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  • Trump pushes 25 percent auto tariff as top advisers scramble to stop him

    From washingtonpost.com

    Several of President Trump’s senior economic advisers believe he plans to impose a 25 percent tariff on close to $200 billion in foreign-made automobiles later this year, three people briefed on discussions said. Trump wants to move forward despite numerous warnings from GOP leaders and business executives who have argued that such a move could damage the economy and lead to political mutiny. But Trump has become increasingly defiant in his trade strategy, following his own instincts and intuition and eschewing advice from his inner circle. He has told advisers and Republicans to simply trust his business acumen, a ... (full story)

wowwww
"Some"
what is some ????????????????
amazing.. move the market
WTF???
Says Later this year??

Are all mad there??
In before Trump says Fake news: Countdown T-Minus 24 Hours
Hahaha! Quick! Flee to safe-haven Yen.
May be this was Fake news. However, USD has risen.
25% is peanut. 1000% if he is serious to make America great again.
Quoting mgsterling
Hahaha! Quick! Flee to safe-haven Yen.
dont you think the jap cars are also affected ...
Quoting Ken A
25% is peanut. 1000% if he is serious to make America great again.
full ban even better!
Quoting Ken A
25% is peanut. 1000% if he is serious to make America great again.
NO!!! A total ban if it is not build in America!
So this is how FOREX works 🤔 !!!
I loved the comment "He has told advisers and Republicans to simply trust his business acumen"
How many times did he go bust??
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Always keep your favorite reliable scalping tool in your back pocket.
Never know when Trumps gonna move the market.
Quoting MaverickCT
I loved the comment "He has told advisers and Republicans to simply trust his business acumen" How many times did he go bust??
He has a bigger budget now, and a printer too ... he can't be wrong!
retweet.. oops president pressed wrong button again.
35 per cent not 25
Quoting change
{quote} full ban even better!
Not a bad idea. I am sure genius president will do it. Ban on all import then all countries will ban US export. Self-sufficient just like North Korea Juche.

Dollar will no longer needed in international trades and don't have to worry about currency manipulations.

Genius.
Donald J. Trump
@realDonaldTrump
·
4h
Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking? Are we just going to continue and let our farmers and country get ripped off? Lost $817 Billion on Trade last year. No weakness!
Quoting MaverickCT
I loved the comment "He has told advisers and Republicans to simply trust his business acumen" How many times did he go bust??
Trump Steaks – Years in business: 1
GoTrump.com – Years in business: 1
Trump Airlines – Years in business: 4
Trump Vodka – Years in business: 5
Trump Mortgage – Years in business: 1 ½
Trump: The Game – Years in business: 1
Trump Magazine – Years in business: 2
Trump University – Years in business: 6
Trump Ice Spring Water – Years in business: <1
The New Jersey Generals – Years in business: 2
Tour de Trump – Years in business: 2
Trump on the Ocean – Years in business <1
The Trump Network – Years in business: 2
Trumped! Talk Radio Show – Years in business: 4
Trump New Media – Years in business: 0

And the casino
does he wants to be alone in the universe
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Gaining leverage before he talks to the EU for new trade deal.
Quoting Ken A
{quote} Trump Steaks – Years in business: 1 GoTrump.com – Years in business: 1 Trump Airlines – Years in business: 4 Trump Vodka – Years in business: 5 Trump Mortgage – Years in business: 1 ½ Trump: The Game – Years in business: 1 Trump Magazine – Years in business: 2 Trump University – Years in business: 6 Trump Ice Spring Water – Years in business: <1 The New Jersey Generals – Years in business: 2 Tour de Trump – Years in business: 2 Trump on the Ocean – Years in business <1 The Trump Network – Years in business: 2 Trumped! Talk Radio Show...
Trump leading America – Years in business: Forever! (King Trump)
Trump believers, is this a disease like ebola?
I like what he is doing. The main message is no tariffs anywhere. allow the worlds markets to compete free of interventions like these. If a country tariffs more competitive imports it creates an artificial environment, which is protectionism. Chuck it all out and let the best market win. The way to make this message clear is to so penalise the system of trade tariffs so as to abolish it. The World Trade Organisation was set up so as to direct trade into certain areas that benefited some countries. It's a manipulation and should go. World trade should not be manipulated in this way and it should be free of restriction and manipulation. Really a trade tariff is similar to a sanction. It's a weapon. Donald should go all out and kill it.
Quoting Ken A
{quote} Trump Steaks – Years in business: 1 GoTrump.com – Years in business: 1 Trump Airlines – Years in business: 4 Trump Vodka – Years in business: 5 Trump Mortgage – Years in business: 1 ½ Trump: The Game – Years in business: 1 Trump Magazine – Years in business: 2 Trump University – Years in business: 6 Trump Ice Spring Water – Years in business: <1 The New Jersey Generals – Years in business: 2 Tour de Trump – Years in business: 2 Trump on the Ocean – Years in business <1 The Trump Network – Years in business: 2 Trumped! Talk Radio Show...
Next on the list? America itself?
Here is the question. Who gets that 25%. Where does that money go? Yes the final purchaser has it tacked on to his price to reimburse the car manufacturer.. so the purchasers money is going through the purchaser ultimately to whom? Who really is going to get the 50 BILLION?
Quoting JimDandy
Here is the question. Who gets that 25%. Where does that money go? Yes the final purchaser has it tacked on to his price to reimburse the car manufacturer.. so the purchasers money is going through the purchaser ultimately to whom? Who really is going to get the 50 BILLION?
It's a tax on consumer and the government gets it. Tariff = Import tax.
Quoting Ken A
{quote} Not a bad idea. I am sure genius president will do it. Ban on all import then all countries will ban US export. Self-sufficient just like North Korea Juche. Dollar will no longer needed in international trades and don't have to worry about currency manipulations. Genius.
Could be done if they stop exporting and just make products for American market.

Although they will probably need a lot of immigration to supply workforce.

Won't be much variety of products just one choice.

Don't have to worry about quality customers have no alternatives.

Of course many things will be quite expensive, have to pay workers a decent wage, so they can afford the products.
Quoting JimDandy
Here is the question. Who gets that 25%. Where does that money go? Yes the final purchaser has it tacked on to his price to reimburse the car manufacturer.. so the purchasers money is going through the purchaser ultimately to whom? Who really is going to get the 50 BILLION?
The company that imports the goods from another country pays tariffs and duties when the products arrive.

All costs of importing, shipping and handling, tariffs and duties etc. are added into the price the final purchaser pays. Along with markups from each company it passes through.


The government collects the tariffs and duties, what they spend it on or where it goes nobody knows.


Just another hidden consumer tax.
Not well versed in American politics but I thought that in a democratic country the president cannot impose tariffs or otherwise interfere with trade legislation unless he has had such measures scrutinized and voted upon by others who represent the checks and balances in the exercise of presidential authority ?
Therefore, some here may be premature in their judgement of Trumps tariff threats?
Quoting turnip15
Not well versed in American politics but I thought
POTUS executive has broad powers and that includes the power to impose tariffs.

https://www.quora.com/Does-the-U-S-P...xes-on-imports
three people briefed on discussions said ,s
Listen, it’s a tax that will be given away in subsidies or corporate welfare. Totally unnecessary and it will send us off a cliff.
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  • Story Stats
  • Posted: Jul 25, 2018 10:43am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 34  /  Views: 12,371