2aguy
Diamond Member
- Jul 19, 2014
- 112,220
- 52,455
There was that guy who was President before President Donald "The Great." At some public function that guy....I don't remember his name but is was funny sounding...... said that Trump was lying, that he couldn't get the economy going, jobs weren't coming back...and then he said.....what is Trump going to do, wave a magic wand...
Well...apparently, Trump has a magic wand and he is waving it....
The EU is now considering lowering tarriffs on cars to zero if the U.S will do the same..
EU Trade Commissioner gives ground: We're willing to drop auto tariffs to zero (if the US will do the same)
President Trump’s hard line on tariffs has won a significant concession from the European Union, at least the promise of one. Trump has been warning all summer that he could add a tariff on automobile imports which would have a significant impact on automakers in Europe (as well as Japan and Mexico). Today the European Union Trade Commissioner Cecilia Malmstrom said the EU was willing to drop all of its existing tariffs on cars and other goods to zero if the U.S. would do the same in return. From the NY Times:
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Europe is willing to reduce “car tariffs to zero, all tariffs to zero, if the U.S. does the same,” Cecilia Malmstrom, the European commissioner for trade, told members of the European Parliament on Thursday. “We would do it, if they do it. That remains to be seen.”
Europe’s change in position is the latest indication that Mr. Trump’s threat to impose 25 percent levies on foreign-made Toyotas, Mercedeses and BMWs is forcing trading partners to give ground. Europe had previously expressed a willingness to eliminate tariffs on industrial goods, but excluded cars, and said any deal had to be part of a broad free-trade agreement…
Well...apparently, Trump has a magic wand and he is waving it....
The EU is now considering lowering tarriffs on cars to zero if the U.S will do the same..
EU Trade Commissioner gives ground: We're willing to drop auto tariffs to zero (if the US will do the same)
President Trump’s hard line on tariffs has won a significant concession from the European Union, at least the promise of one. Trump has been warning all summer that he could add a tariff on automobile imports which would have a significant impact on automakers in Europe (as well as Japan and Mexico). Today the European Union Trade Commissioner Cecilia Malmstrom said the EU was willing to drop all of its existing tariffs on cars and other goods to zero if the U.S. would do the same in return. From the NY Times:
------
Europe is willing to reduce “car tariffs to zero, all tariffs to zero, if the U.S. does the same,” Cecilia Malmstrom, the European commissioner for trade, told members of the European Parliament on Thursday. “We would do it, if they do it. That remains to be seen.”
Europe’s change in position is the latest indication that Mr. Trump’s threat to impose 25 percent levies on foreign-made Toyotas, Mercedeses and BMWs is forcing trading partners to give ground. Europe had previously expressed a willingness to eliminate tariffs on industrial goods, but excluded cars, and said any deal had to be part of a broad free-trade agreement…
