Trumping the auto sector could do as much damage inside the US as out.
The seemingly inevitable trade wars that are on our horizon are going to be interesting. Unfortunately we, as a country, are likely going to get some of the mud on our face when we go along for the ride, but I see an epic sh!tstorm brewing in US/China trade relations.
I'm going to stock up on popcorn before a tariff or something stupid jacks the price up by 400%.
wouldnt be in this mess if these deals were negotiated to benefit regular people and not just corporations
This issue highlights trade barriers set in place by one jurisdiction and the response of the "offended" party. In this case the offender is not the US, they are simply responding to trade barriers of another country.
Trump has no idea of the impact his simplistic surcharge(s) and/or duty(ies) and how this might negatively affect the US economy. A detailed understanding of this might involve actually reading and comprehension, something apparently beyond his capacity. If the US imposes a 10% BAT or a 35% duty on all vehicle imports then fine, Canada should impose the same on all US exports to Canada. I'm happy to research the origin of all manufactured products I buy and I'll actively search out alternatives to US products.
If all countries do this then then that pathetic a***** Trump and his toady republican enablers get the message, right in the pocketbook, that we're not sitting still for this bull**** and we will take our $$ elsewhere.
As you might have guessed, I'm not a big Trump fan.
Meh! The US still owes Canada for soft wood lumber and probably won't see it in my life time. I'm sure Trump can impose a tariff or three without worry. And if the maple leaf imposes our own, we will just ask politely and nothing will happen. Doubt that would happen with Uncle Sam.
My companies major revenue source is softwood lumber sales to the US. Its unbelievably complicated (the softwood lumber agreement) and we are a bit nervous going forward.
I'm sure Trump can impose a tariff or three without worry.
For an international businessman, Trump seems clueless.
if the duty is less than the tariff going back...[/QUOTE
they get to visit and spend the personal exemption allowance here just like us going there.
You should remember that Trump doesn't actually get sworn in til Friday.
It will take several months for any new import duty to come into effect.
Things like this have to be passed by Congress.