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Reply to "Do most of you understand the logic behind President Trump level up/down with tariffs ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The Europe deal is good. Doesn't mean any of this was necessary. It's all for the press releases and headlines. It's almost as if.... a former reality start is our president? [/quote] None of the deals are good….none of the deals will lead to more jobs and in fact manufacturing jobs have already declined. Looks like the appeals court will strike down the tariffs and let’s hope the Supreme Court does the same. Worst economic policy in nearly 100 years.[/quote] In Europe you rarely see an American car due to tarriffs. A Chevy Corvette had a high tarriffs. I saw a video once when Chevy brought a brand new top of pond Corvette to Germany to drive on Autobahn and due head to head to head promo races with Porsches and Ferraris. There was a big appetite for the car among German sports car people but tarriffs made it way to expensive to buyers [/quote] That may have been true 20+ years ago, but now the demand for American gas cars is non-existent in Europe. Even if there was some demand for a Corvette...it's like a tiny market. Europeans definitely have no interest in SUVs. In Norway, 97% of new car sales are electric. Tesla is of course selling some cars, but literally the entire world hates Elon, so now it's European and Chinese manufacturers. Electric is making major inroads in other European countries as well and the US is falling way behind making electric cars. You do understand of course that now US cars will be more expensive then European, Japanese and Korean cars because they only have a 15% tariff while US manufacturers will be paying the cost of 50% tariffs on alumnium and steel and 25% tariffs on parts from their own factories in Canada and Mexico.[/quote]
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