DonGlock26
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"UAW president applauds Trump administration for tariffs on foreign-made cars, says it ends "free trade disaster"
United Auto Workers union President Shawn Fain, who has been critical of President Trump in the past, says the 25% tariffs on foreign-made cars is a step to "end the free trade disaster."
Mr. Trump announced on Wednesday that he would impose tariffs on automobiles and light trucks imported into the United States. The tariffs, he said, would go into effect on April 2, and the U.S. would start collecting the duties the following day. Mr. Trump said he believes the new import duty could raise between $600 billion and $1 trillion in revenue over the next two years.
White House officials predicted roughly $100 billion in revenue.
"This will continue to spur growth like you haven't seen before," Mr. Trump said from the Oval Office Wednesday afternoon. "We'll effectively be charging a 25% tariff. But if you build your car in the United States, there is no tariff."
Fain's response to tariffs on foreign-made cars
"We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working-class communities for decades. Ending the race to the bottom in the auto industry starts with fixing our broken trade deals, and the Trump administration has made history with today's actions." "
www.cbsnews.com
Sleep Joe and Kamala didn't do jack shit for the UAW. Welcome on board the Trump Train.
United Auto Workers union President Shawn Fain, who has been critical of President Trump in the past, says the 25% tariffs on foreign-made cars is a step to "end the free trade disaster."
Mr. Trump announced on Wednesday that he would impose tariffs on automobiles and light trucks imported into the United States. The tariffs, he said, would go into effect on April 2, and the U.S. would start collecting the duties the following day. Mr. Trump said he believes the new import duty could raise between $600 billion and $1 trillion in revenue over the next two years.
White House officials predicted roughly $100 billion in revenue.
"This will continue to spur growth like you haven't seen before," Mr. Trump said from the Oval Office Wednesday afternoon. "We'll effectively be charging a 25% tariff. But if you build your car in the United States, there is no tariff."
Fain's response to tariffs on foreign-made cars
"We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working-class communities for decades. Ending the race to the bottom in the auto industry starts with fixing our broken trade deals, and the Trump administration has made history with today's actions." "
UAW president applauds Trump administration for tariffs on foreign-made cars, says it ends "free trade disaster"
The union said the tariffs could help bring back thousands of more automotive jobs across the U.S.
Sleep Joe and Kamala didn't do jack shit for the UAW. Welcome on board the Trump Train.
