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This is one helluva balancing act he's trying. On one hand, it may well be true that America still has enough economic influence in the world to pull this off. On the other hand, markets aren't going to wait forever.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
yea - all this TRUMP WINS TRUMP WINNING stuff around trade wars - those numbers can be spun around like a bingo cage at an old folks home. i don't want to cheat any other country or feel like we got one up on them. to me, not the point. but if we can balance out natural issues then let's go.This is one helluva balancing act he's trying. On one hand, it may well be true that America still has enough economic influence in the world to pull this off. On the other hand, markets aren't going to wait forever.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
What concerns me the most is the group of people Trump has around him. Economists are great and very helpful, but once they go partisan, they're dangerous.
I'll just keep hoping for the best.
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IDK if its the same deal or not, but they were talking about doing this a year or two ago.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
We are pushing for no tariffs, and it looks like Germany is ready to play ballNot quite
Currently, the EU has a 10% tariff on all light vehicles. America has a 2.5% tariff on all cars and a 25% tariff on all light trucks, i.e. pick-ups, SUVs, etc. That's because light trucks are Detroit's most profitable product, and the American consumer - i.e. you - payer higher taxes to protect Detroit's most lucrative market.
Because light trucks are about 60% of the US light vehicle market, the average US tariff on light vehicles is higher than it is in Europe at ~12.5%. IOW the idea that we are getting hosed is simply nonsense. American tariffs, i.e. trade taxes, are higher on cars and trucks than they are in Europe.
Negotiations will center around reducing all tariffs on light vehicles, not just cars.
If you don't believe that trade is a zero-sum game - which educated people know it is not - then reducing tariffs on all vehicles is a good thing because it lowers taxes consumers pay and gives people more choice.
We are pushing for no tariffs, and it looks like Germany is ready to play ballNot quite
Currently, the EU has a 10% tariff on all light vehicles. America has a 2.5% tariff on all cars and a 25% tariff on all light trucks, i.e. pick-ups, SUVs, etc. That's because light trucks are Detroit's most profitable product, and the American consumer - i.e. you - payer higher taxes to protect Detroit's most lucrative market.
Because light trucks are about 60% of the US light vehicle market, the average US tariff on light vehicles is higher than it is in Europe at ~12.5%. IOW the idea that we are getting hosed is simply nonsense. American tariffs, i.e. trade taxes, are higher on cars and trucks than they are in Europe.
Negotiations will center around reducing all tariffs on light vehicles, not just cars.
If you don't believe that trade is a zero-sum game - which educated people know it is not - then reducing tariffs on all vehicles is a good thing because it lowers taxes consumers pay and gives people more choice.
Merkel is feeling immense pressure based on her immigration policy already, she can't afford to turn off the spigot of their biggest cash cow
the bigger picture on the home front? Trump gets a win
IDK if its the same deal or not, but they were talking about doing this a year or two ago.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
lol.hmm, looks like German Hillary is scrambling to save her ass
we have the best trade wars, Mr President the best!
Womp Womp
ANGELA Merkel appears to have caved in to Donald Trump with Germany considering scrapping the European Union’s 10 percent tax on American car imports.
No. Harley Davidson announced a move for some production overseas last year.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
yep.Not quite
Currently, the EU has a 10% tariff on all light vehicles. America has a 2.5% tariff on all cars and a 25% tariff on all light trucks, i.e. pick-ups, SUVs, etc. That's because light trucks are Detroit's most profitable product, and the American consumer - i.e. you - payer higher taxes to protect Detroit's most lucrative market.
Because light trucks are about 60% of the US light vehicle market, the average US tariff on light vehicles is higher than it is in Europe at ~12.5%. IOW the idea that we are getting hosed is simply nonsense. American tariffs, i.e. trade taxes, are higher on cars and trucks than they are in Europe.
Negotiations will center around reducing all tariffs on light vehicles, not just cars.
If you don't believe that trade is a zero-sum game - which educated people know it is not - then reducing tariffs on all vehicles is a good thing because it lowers taxes consumers pay and gives people more choice.
Sad and agree.We are pushing for no tariffs, and it looks like Germany is ready to play ballNot quite
Currently, the EU has a 10% tariff on all light vehicles. America has a 2.5% tariff on all cars and a 25% tariff on all light trucks, i.e. pick-ups, SUVs, etc. That's because light trucks are Detroit's most profitable product, and the American consumer - i.e. you - payer higher taxes to protect Detroit's most lucrative market.
Because light trucks are about 60% of the US light vehicle market, the average US tariff on light vehicles is higher than it is in Europe at ~12.5%. IOW the idea that we are getting hosed is simply nonsense. American tariffs, i.e. trade taxes, are higher on cars and trucks than they are in Europe.
Negotiations will center around reducing all tariffs on light vehicles, not just cars.
If you don't believe that trade is a zero-sum game - which educated people know it is not - then reducing tariffs on all vehicles is a good thing because it lowers taxes consumers pay and gives people more choice.
Merkel is feeling immense pressure based on her immigration policy already, she can't afford to turn off the spigot of their biggest cash cow
the bigger picture on the home front? Trump gets a win
Nobody is pushing for no tariffs, that is a misunderstanding of what is happening.
The US has a list almost 3000 pages long of tariffs we place on goods, do you really think that is going away?
Then even if tariffs are gone there is the issue of subsidized industries that has to be dealt with.
What are the chances we stop the 20 billion a year in Ag subsidies?
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No. Harley Davidson announced a move for some production overseas last year.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
No. Harley Davidson announced a move for some production overseas last year.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.
Trump cultists love to declare victory before anything actually halpens. Merkel is “considering,” yet the only thing that matters is what the EU does, not what one member state “considers.”hmm, looks like German Hillary is scrambling to save her ass
we have the best trade wars, Mr President the best!
Womp Womp
ANGELA Merkel appears to have caved in to Donald Trump with Germany considering scrapping the European Union’s 10 percent tax on American car imports.
No. Harley Davidson announced a move for some production overseas last year.It just came across the wire that Harley-Davidson is planning to shift some production overseas in response to Trump's Trade War.