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Germany and their cars; coming around to fair trade
Topic Started: Jun 20 2018, 08:39 PM (310 Views)
Banandangees
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Germany’s Largest Auto Makers Back Abolition of EU-U.S. Car Import Tariffs
The U.S. ambassador to Germany is expected to relay the industry offer in meetings with Trump administration
June 20, 2018 wsj


BERLIN—When the U.S. ambassador to Germany, Richard Grenell, returns to Washington for consultation with the administration Wednesday, he will be carrying a peace offering for President Donald Trump from Germany’s leading auto makers.

Their proposal, people familiar with the situation say, is simple: Abandon all import tariffs for cars between the European Union and the U.S.

That would mean scrapping the EU’s 10% tax on auto imports from the U.S. and other countries and the 2.5% duty on auto imports in the U.S. As a prerequisite, the Europeans want Mr. Trump’s threat of imposing a 25% border tax on European auto imports off the table. ..................................................
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Which is what Trump advocates for world trade.... no tariffs, period. That would cure the trade imbalance. But, most nations like the imbalance in their favor. Trump is the first president in the last 20 years that is looking out for the interests of the U.S. when it comes to international trade.


Edited by Banandangees, Jun 20 2018, 08:40 PM.
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Jim Miller
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Others in the world seem to be infinitely smarter than our resident interlopers from Canada.
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Berton
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Canada and Mexico would be wise to follow that example.

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Sea Dog
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Jim Miller
Jun 20 2018, 08:50 PM
Others in the world seem to be infinitely smarter than our resident interlopers from Canada.
Too bad you were not one of them!
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Berton
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Not wise enough to take advise are you Sea Dog?
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Pat
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That was quick, I figured that once the EU and other countries realized Trump means business, that they would cave. Losing the American consumer is a ticket to bankruptcy, and they know it.
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Sea Dog
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Berton
Jun 20 2018, 10:40 PM
Not wise enough to take advise are you Sea Dog?
I am wise enough to choose from whom I will take advice,
Sorry, you did not make the cut!
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ImaHeadaU
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Interesting but keep in mind that "Germany’s leading auto makers" don't speak for the EU.
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Banandangees
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Right, but Germany's auto makers want to sell cars.... just like the U.S. auto makers. No tariffs on auto imports by both countries levels the selling/buying fields for both nations. EU has to make up their minds.''

Eliminating tariffs should stop the whining from all parties; unless even Stephen is too painful for some.
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Thumper
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Volkswagen and Ford are about to team up. How about them apples?
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