EU caves to President Trump on auto tariffs

[zaangalewa]

What is a Tariff anyway? It is another name for a tax... Who pays the Tariff? The consumer... Who imposes a tax... The Government... Do away with the tariffs...

Exactly. The citizens of the USA are able to decide on their own, which car they like to buy. Why shoud they need Donald Trump for such a decision? It was by the way Trump who had cancelled TTIP (Transatlantic Trade and Investment Partnership).

In case of the tariffs of Trump for cars (and parts, which the US-companies need very urgent too) I calculated costs of about 52 billion Dollars for the citizens of the USA. Aditional has "Germany" (=the greatest car exporter of the USA; 115,000 Jobs in the USA) now the problem that "we" are not able to sell any longer in China German cars "made in the USA". And if Germany is also not able to sell cars "made in the USA" in the EU too, then "good night US-Germany" - and 115,000 jobs in the USA and also "good night" for some hundred thousand jobs in the US-american supplier network, I guess.

Oh by the way - not to forget: We have free trade with Japan similiar to TTIP. Nothing breaks down in Europe or in Japan because of this.

 

[zaangalewa]

Trade war OVER? Brussels 'CAVES IN' to Trump as EU considers reducing US trade tariffs

Great News! Cat's out of the bag now they have blinked and its just a matter of HOW LOW they will lower the taxes the US pays on cars coming into the EU.... Man I love President Trump!

That means the US would have to lower tariffs on light trucks as well.

Fine with me. Compromise is great when it can benefit EVERYONE....Right now WE get ripped off while they make a fortune.

No one is getting ripped off. Gas is hugely expensive in Europe while American vehicles are gas guzzlers in comparison. American cars cannot compete in Europe.

If that’s true then why do they impose tariffs on US cars?

Under Trump GM sold Opel for example (when GM bought Opel more than 70 years ago it had been the greatest car manufacturer in Europe, when they sold it, it was a little company) to the French company Peugeot. GM was not able to make profit (I guess because they calculated all costs to Germany (on reason of lower taxes) and all profits to the USA (also on reason of lower taxes) and forgot to think about developement). Opel made afterwards much faster profits than anyone had excepted before. Ford in Germany makes now in the moment job cuts here. So a question: How many additional jobs had created GM and Ford in the USA? 0? Less than 0? - I fear all this problems have not a lot to do with tariffs.

By the way: Lots of new US-American companies don't pay adequate taxes. Not in Europe - not in the USA. Amazon for example pays even damned bad too. All internet companies need deliverers of mails and parcels - but in the last 10 years in average the workers there got much less money - while in other jobs people got more money. So this people lost in average around 25% buying power in the last 10 years. For harder work.

 

[easyt65]

Trade war OVER? Brussels 'CAVES IN' to Trump as EU considers reducing US trade tariffs

Great News! Cat's out of the bag now they have blinked and its just a matter of HOW LOW they will lower the taxes the US pays on cars coming into the EU.... Man I love President Trump!

WHO WAS THE DUMBASS SNOWFLAKE WHO STARTED THE THREAD YESTERDAY CLAIMING PRESIDENT TRUMP CAN NOT NEGOTIATE?


How does that crow taste, snowflake?

 

[Harpy Eagle]

Trade war OVER? Brussels 'CAVES IN' to Trump as EU considers reducing US trade tariffs

Great News! Cat's out of the bag now they have blinked and its just a matter of HOW LOW they will lower the taxes the US pays on cars coming into the EU.... Man I love President Trump!

WHO WAS THE DUMBASS SNOWFLAKE WHO STARTED THE THREAD YESTERDAY CLAIMING PRESIDENT TRUMP CAN NOT NEGOTIATE?


How does that crow taste, snowflake?

He cannot negotiate, the claim in this thread never actually happened and negotiations are still on-going.

Trump Continues to Weigh EU Auto Tariffs

 

[easyt65]

Under Trump GM sold Opel for example ....

Obama 'nationalized' GM (a superb SOCIALIST move), gave half of the ownership to the Unions and kept the rest - ended up selling the rest of the shares for a loss.

The Treasury Department lent money and bought stock ownership in GM and Chrysler. It provided incentives to spur new car purchases. In effect, the government nationalized GM and Chrysler just as it did Fannie Mae, Freddie Mac, and the American International Group.

GM, GMAC (Ally), & Chrysler took $80.7 BILLION in tax dollars from Obama. The final results as of Nov 2018 is a $10.2 Billion tax payer loss.

Was the Big 3 Auto Bailout Worth It?

Hopefully the President will be as successful in negotiating an auto industry deal / pact as he has been in other areas, though, I have no doubt that Trump-hating snowflakes will continue to hope and pray he fails, even if it means America is the biggest loser if that happens.

 

[zaangalewa]

Under Trump GM sold Opel for example ....

Obama 'nationalized' GM (a superb SOCIALIST move), gave half of the ownership to the Unions and kept the rest - ended up selling the rest of the shares for a loss.

As far as I know the problems of GM started a long time before this had happened. GM was bancrupt. If GM would had been a German company then GM would not exist any longer. But a manager of GM said after this all had happend "We should go bancrupt more often".

The Treasury Department lent money and bought stock ownership in GM and Chrysler. It provided incentives to spur new car purchases. In effect, the government nationalized GM and Chrysler just as it did Fannie Mae, Freddie Mac, and the American International Group.

GM, GMAC (Ally), & Chrysler took $80.7 BILLION in tax dollars from Obama. The final results as of Nov 2018 is a $10.2 Billion tax payer loss.

Was the Big 3 Auto Bailout Worth It?

No idea. I'm not an US-American. I'm a grumpy German. Normally I call the producer of such problems "idiots", sometimes "damned idiots" or "criminal idtios". But I respect who fights against problems instead to be a problem.

Hopefully the President will be as successful in negotiating an auto industry deal / pact as he has been in other areas, though, I have no doubt that Trump-hating snowflakes will continue to hope and pray he fails, even if it means America is the biggest loser if that happens.

What a bullshit. Since 1965 you are producing every year the same number of cars. In 1965 existed about 3.5 billion people worldwide - today exist about 7 billion people. In 1965 your country produced about 50% of the world production. Today the USA produces about 25% of the world production. Where do you see the real problem?