This is how trade wars escalate: Trump hasn't even officially announced the steel and aluminum import tariffs, expected to be formally unveiled this coming week, and the rhetoric is already one of World Trade War I doom and gloom.
Hours after Trump tweeted on Friday morning that “trade wars are good, and easy to win,” European Commission President Jean-Claude Juncker said the bloc is prepared to respond quickly and forcefully by targeting imports of Harley-Davidson motorbikes, Levi Strauss & Co. jeans and bourbon whiskey from the U.S.
According to some, the preliminary EU retaliation was targeted in a way that would maximize political pressure on American leaders: Harley-Davidson is based in House Speaker Paul Ryan’s home state of Wisconsin, while bourbon whiskey hails from the state of Senate Majority Leader Mitch McConnell. San Francisco-based Levi Strauss is headquartered in House Minority Leader’s Nancy Pelosi’s district.
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10 comments:
I like the fact that President Trump is looking out for Americans. Leave America to get cheap labor we will tax your import items. Keeping companies in the USA will benefit all.
All of the Levi's are made in Mexico since early days of the Sotoreo Administration.
Yeah tax Europe's cars. Let the BMW, Mercedes and Fiat drivers pay.
Really though I think the US has more to lose than anyone starting an auto trade war. Germany would be the only one to really feel it and they are busy self destructing anyway.
cheaper Harleys and Bourbon. I don't see any downside.
Until other countries pay fair, this is the logical step to take. Countries like India have a 100% tariff on our goods. I'm glad to see it. I am grateful that we have a president who will stand up to these countries and globalist corporations!
Yes tax the bmw, audi, mercedes and vw junk
like they dont already charge an arm and a leg import on Harley now
Wow. You guys really do not understand economics, do you? Jesus. Not to mention, you claim to be free market Republicans, yet here is a President blatantly thumbing his nose at the free market and you are fawning over him. Get your shit together guys...
They can’t. They’re all still impressed by the free hotdogs and idiotic “MAGA” hats from the campaign trail. Trump is a juvenile and these idiots can’t see it because they’re as stupid as he is.
Go ahead and tax European cars, with the exception of VW they’re all luxury cars anyway and the people that can afford them won’t care. The impact on the US will be much worse when hundreds of thousands of jobs are destroyed by this halfwit.
Really. Twice the price of a metric bike and half the quality.
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