Trade war!Trump erupts:if the EU wants to increase tariffs on US,we will increase them on their cars

basquebromance

Diamond Member
Nov 26, 2015
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Donald J. Trump on Twitter

This is reckless, dangerous and just insane. Our Founders gave Congress the ultimate power to guard against a president run amok. They just never anticipated that we'd be cursed with such spineless irresponsible cowards as Ryan & McConnell

"If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!" - President Trump
 
What is reckless about this?

Germany in particular needs the U.S market. If they go off and counter what it already a retaliation by the U.S, they will lose. They have a $275B trade surplus while America loses half a trillion a year.

Volkswagon built a $1B plant in Mexico and gets a nice big reward by the U.S market by shopping there. This is the reason for tariffs, to avoid such imbalances that decimate the U.S worker. This, on top of heavy tariffs for U.S made cars into Germany.
 
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