Quote (ofthevoid @ 1 Jun 2018 02:33)
EU tariff on US manufactured cars: 10%
US tariff on EU manufactured cars: 2.5%
This is the current status quo that we call free trade.
Trump wants to raise our tariffs to match those of the Euros, essentially equalizing and creating some resemblance of fair trade and everyone is yelling trade war at the top of their lungs.
Logic in 2018, feels Orwellian to me
i already debunked the idiotic 'not a level playing field' / 'not fair trade', and 'car tariffs' talking points multiple times. here are the main points as a reminder:
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over 50% of our trade is completely tariff free.
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the average customs duty is under 2%- our car tariffs are 10% (except you want to go back to acting like the VAT only applies to imported cars), yours are just 2.5%. however,
on trucks (the most popular cars in the US) and vans your tariffs are 25%.
- US tariffs on train carriages is 14%, EU just 1.7%, US duty on peanuts is 130%, on raw tobacco 350%
so stop acting like america is taken advantage of by the EU, it's
overall a very balanced trade relationship that will be significantly impacted by randomly slapping on tariffs for whole industries.
facts don't care about your false narratives, so please come up with an ACTUAL argument how this is good for american consumers and workers, or admit that it's a shortsighted political decision by trump to look like a strong leader in the eyes of a significant portion of his base in the very industries he's targeting.