quote:

Originally posted by Piano*Dad:
Three years ago, this would have cheered the hearts of most liberal democrats. Trade is a bad thing, after all. Jobs!!!!

quote:

Originally posted by Piano*Dad:
Three years ago, this would have cheered the hearts of most liberal democrats. Trade is a bad thing, after all. Jobs!!!!

quote:

Originally posted by jon-nyc:
I saw a bunch of Audis whispering together but they suddenly stopped when my Honda approached. I think they’re planning something.

quote:

Originally posted by jon-nyc:
I saw a bunch of Audis whispering together but they suddenly stopped when my Honda approached. I think they’re planning something.

quote:

Administration officials have said tariff threats on autos are a way to win concessions from Japan and the EU. Last year, Trump agreed not to impose tariffs as long as talks with the two trading partners were proceeding in a productive manner.

Trump said on Friday that tariffs protect industry and also help win trade agreements.

“I love tariffs, but I also love them to negotiate,” he said.

A report from the Center for Automotive Research in Ann Arbor, Michigan, published on Friday showed its worst-case scenario of a tariff of 25 percent would cost 366,900 U.S. jobs in the auto and related industries.

U.S. light duty vehicle prices would increase by $2,750 on average, including U.S.-built vehicles, reducing annual U.S. sales by 1.3 million units and forcing many consumers to the used car market, the think tank’s report said.

Major automaker groups said last year the cumulative effect for the United States would be an $83 billion annual price increase and argued there was no evidence auto imports posed a national security risk.