Quote (fender @ May 31 2018 06:42pm)
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:
- over 50% of our trade is completely tariff free.
- 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.
It's like you're intellectually challenged and don't understand the scale of certain industries far exceeds others. The car market in the US is a behemoth. Train carriages, peanuts, and tobacco...like really?
Inform thyself
Quote
In 2016, the EU exported motor vehicles worth EUR 192.0 billion. Imports in that same year amounted to 40 % of that value (EUR 77.0 billion), giving an EU trade surplus of EUR 128.2 billion.
The value of extra-EU exports of motor vehicles increased by an average of 2 % per year between 2013 and 2016. During the same period, extra-EU imports grew at a much faster pace, at an average 14 % per year.
In 2016, the United States remained the main destination of EU's motor vehicles exports (25 % of the total), well ahead of China (16 %). Together with Turkey (7 %), Switzerland and Japan (both 5 %) they accounted for more than half of the EU external market.
Over half of all extra-EU motor vehicles imports in 2016 came from Turkey (20 %), Japan (19 %) and the United States (14 %).
Within the motor vehicles category (which includes lorries, road tractors, motorcycles, trailers and motor-vehicle parts), motor cars represented 65 % of extra-EU exports and 50 % of extra-EU imports in 2016. Parts and accessories of motor vehicles had a share of 22 % and 27 % respectively.
Now it's totally possible that the 25% exports to US compared to 14% exports to EU is a result of German cars possibly being more desirable in EU as well as US but i sure as hell think the tariff has much more to do with it.
This post was edited by ofthevoid on May 31 2018 07:58pm