Trump to Impose Tariffs on Foreign Made Cars, Ignoring Inner Circle

[Orgasmo]

Remember the good old days when Trump only bankrupted himself? Now he's not even listening to his advisors anymore.

WASHINGTON — Several of President Donald Trump’s senior economic advisers believe he plans to impose a 25 per cent tariff on close to US$200 billion in foreign-made automobiles later this year, three people briefed on discussions said. Trump wants to move forward despite numerous warnings from GOP leaders and business executives who have argued that such a move could damage the economy and lead to political mutiny.

But Trump has become increasingly defiant in his trade strategy, following his own instincts and intuition and eschewing advice from his inner circle. He has told advisers and Republicans to simply trust his business acumen, a point he tried to reinforce Wednesday morning in a Twitter post.

https://business.financialpost.com/...o-tariff-as-top-advisers-scramble-to-stop-him

Meanwhile, Murican automakers' stock slumped due to tariffs. Expect more pain to come if Trump moves forward with the new tariff.

Wall Street fears that Ford Motor Co. may complete a trifecta of troubling earnings reports from Detroit Three automakers, as tariffs real and imagined from Washington to Beijing wreak havoc on the globalized car industry.

Ford slumped as much as 4.3 percent Wednesday after General Motors Co. and Fiat Chrysler Automobiles NV both cut forecasts for profit this year. GM cited higher costs of commodities including steel and aluminum linked to the U.S. slapping tariffs on the metals, while Fiat Chrysler said Maserati buyers put off purchases until after China lowered levies this month.

https://www.bloomberg.com/news/arti...ing-line-after-tariffs-wreak-havoc-on-gm-fiat

 

[OverCoronavirus Pressure]

Who cares what he does.
Haters and losers, cry your liberal tears. DaddyMAGA gonna make you sweat

Ooh yah, like a sauna

 

[BudKing8806]

Trump, don't fuck with our rides!

 

[Cubo de Sangre]

Remember the good old days when Trump only bankrupted himself?

 

[Swing]

Remember the auto bailout was for Chrysler and GM. Gotta wipe out that Obama legacy.

 

[D3thr0n3d K1ng]

LOL Trump still angry about some dude who said he has small hands and now wants to take it out on the rest of the world.

 

[Rod1]

The world is going to hell. Good riddance.

 

[zebby23]

Who cares what he does.
Haters and losers, cry your liberal tears. DaddyMAGA gonna make you sweat

Ooh yah, like a sauna

Honest to god I thought was a serious post.

 

[OverCoronavirus Pressure]

The world is going to hell. Good riddance.

Please, observe good decorum.
Heck.

 

[Higus]

Remember the auto bailout was for Chrysler and GM. Gotta wipe out that Obama legacy.

 

[regmma123]

but there’s like, a method to his madness (er something)

 

[Black Helicopters]

The world is going to hell. Good riddance.

I fail to see a good counter argument to this post

 

[Strychnine]

He'll wind up giving $340 Billion in bailouts to the U.S. auto manufacturers to bail them out of the mess he made as he's doing with the U.S. farmers he threw under the bus.

 

[Voltron]

Trump gonna trump

 

[D3thr0n3d K1ng]

He'll wind up giving $340 Billion in bailouts to the U.S. auto manufacturers to bail them out of the mess he made as he's doing with the U.S. farmers he threw under the bus.

And he'll finance it by cutting Medicaid and EBT for poor people then all the Republicans will still claim they dont hate the poors.