Trade war between the us and eu?

Discussion in 'Politics' started by brody, Jun 23, 2018.

  1. brody

    brody Well-Known Member

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    Trump started it all with tariffs on European steel and aluminium, then the European Union answered with tariffs on American goods like motorcycles, whiskey and peanut butter, and now Trump has threatened with tariffs on European cars - ouch that is gonna hurt! This might lead to an actual trade war between The U.S. and the European Union.

    Trump says that trade wars are good for the American worker, but are they good for American business? Most analysts think that trade wars almost always are damaging, but what do Americans think about this issue?
     
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  2. BillM

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    Well to be fair get rid of all trade tariffs!! The EU adds a 10% tax on all autos We (U.S) export to Europe and with all the autos coming in from German, British and Italian cars coming into United States We (U.S.) now only tax them at a small 2.5%!! Why such a difference and that is why We (U.S.) have such a large trade deficits now!!
     
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  3. wallyj84

    wallyj84 Well-Known Member

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    I can't speak to whether or not these new tariffs will ruin the economy, but I can say that they have been poorly implemented by the government. I work in International trade and his announcements, the suddeness of them especially, have caused nothing but problems at my company. They've been so bad that my boss has gone to Washington to lobby politicians about the tariffs.
     
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  4. BillM

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    Wally, What is He lobbing about for more, less or NONE??
     
  5. Perados

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    And the US has tariffs of 25% on all pickup trucks... the large trade deficit has more to do with quality, efficiency and on what the focus of government spending is. For example, if you spend billions to build houses and tear them down a few years later just build new houses will cost a large part of your production resources. Same counts for the billions your gov loves to spend for its military.

    Tariffs and trade barries between US and EU aren't good at all.

    Tariffs and barries between US, EU and Asia, Africa are usefull.
     
  6. Perados

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    Harley Davidson will increase its production abroad.

    1. reason, US tariffs on EU and China steel and aluminium increase the production costs (Yes, Trump's policy will increase production and employment in the USA - NOT)

    2. reason, EU's counter with tariffs on Harley Davidson would increase the price per bike by 2000€.
     
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  7. Perados

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    DonDon in getting furious about the result of his policy:

    "A Harley-Davidson should never be built in another country-never! Their employees and customers are already very angry at them. If they move, watch, it will be the beginning of the end - they surrendered, they quit! The Aura will be gone and they will be taxed like never before!"

    A Harley Davidson should never be built in another country - never! - Well, he forced them to do so. That's called capitalism. You try to produce your products in a way to make a profit.

    Their employees and customers are already very angry at them - so he already talked to employees and customers? I guess not... so, it could be possible that the are Angry, but maybe at the President and his policy
     
  8. sargon20

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    Can’t wait for the Trumpsters to reap what they sow.

    Trump targets European car-makers with big plants in states he won
     
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  9. Perados

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    Like I said more than once:
    BMW is America's largest car exporter.

    If he runs a trade war with China and BMW has problems selling US manufacturerd cars abroad, Trump's policy might come back like a boomerang.
     
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  10. sargon20

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    God we are on the express track to Making America Great Again!

    General Motors warned Friday that another wave of tariffs being considered by the Trump administration could force the company to scale back its business and cost American jobs.

    In comments submitted to the Commerce Department, the automaker said that the tariffs, if approved, could drive individual vehicle prices up thousands of dollars, stifling demand. Such costs would need to be borne either by consumers or the company.


    GM says new wave of tariffs could force US job cuts
     
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  11. 798686

    798686 Guest

    Yes.

    Useful to whom?
     
  12. Perados

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    At best for both sides...

    For Africa Europe has to lower barriers for agriculture and for every developed technology just as any any consume good they are able to produce.
    On the other hand should Africa lower barriers for advanced technologies and production technologies they aren't able to produce yet.
    This will Africa help to become an developed economy.


    In case of China we already lowered many barriers without demanding the same from them. This helped China to develop their economy.
    Now it's time to demand low barriers from them and said barriers in areas where China is way ahead of us. Especially when ever China gives state support for their advanced technologies.
    This will help us to remain on eye level with China and will guarantee China to keep on developing.
     
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  13. Jason

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    The best case scenario would be if Trump's actions led to a rethink on what we are doing with tariffs. The UK in my view needs to keep its steel industry, so that means tariffs against China for steel. However the UK needs to get rid of many tariffs against Asia and Africa that it has.

    The UK needs minimum tariffs against USA. Maybe it does need some tariffs against EU. Why are we accepting subsidised EU food products?
     
  14. Perados

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    Looks like Trump got cold feet...
    After the EU responded to his tariffs on steel and aluminium, Trump declared he would raid tariffs of 20% on European cars, if the EU wouldn't reject their tariffs on Harley Davidson, peanut butter and Whisky.
    But today the US ambassador in Berlin invited all CEOs of German car manufacturers and offered them a new deal. 0% tariffs on all car, from the USA to Europe and the other way around.

    The USA would lower their tariffs of 2,5% on cars and 25% on pick ups. The EU would lower their tariffs of 10% on vehicles for persons.

    But I see two problems...
    1. Not German CEOs negotiate, but the EU
    2. Tariffs are negotiated by "tit for tat". You open your car market, I will open my market for agriculture. So, if we talk about cars, we will start talking about other parts as well And there are two parts France is in no way willing to talk about: A) less barriers for agriculture products (thanks France - I don't want hormone beef, or chlorine chicken and neither gene manipulated grain)
    B) less protection for their culture (movies, music etc)


    Anyway... good to see that Trump notice he can't win a trade war against EU and China.
     
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  15. ozwestcoastboy

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  16. familyman44

    familyman44 Well-Known Member

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    the big trouble with trade wars is it never hurts the rich only the people that work for a living i say do away with all tariffs on all sides that way the prices come down and everyone wins.
     
  17. Perados

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    And China thinks "what is good for the EU can't be bad for us"
    Their answer to the latest US tariffs is equal to the one of the EU.
    Hit Trump hard where it matters. All new Chinese tariffs are for goods mainly produced by Trump supporters. Farmers voted for Trump, that's why China will increase tariffs in Soja.
     
  18. sargon20

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    What's fabulous about the trade war is China is targeting Trump country with surgical precision. I am sure the EU plans the same. Maybe Trump can help them file for bankruptcy as he has so much experience doing it.

    Trump’s delusions are about to blow up in his own voters’ faces

    Nearly two-thirds of the jobs in industries targeted by China’s tariffs — a total of more than 1 million jobs — are in more than 2,100 counties that voted for Trump. By contrast, barely more than one-third of the jobs in China-targeted industries — just over half a million — are in the counties that voted for Clinton. This doesn’t mean those jobs will definitely be lost; it means that they are in industries that are getting caught up in Trump’s trade war, making them vulnerable, depending on what happens.

    China’s retaliatory tariffs are mainly aimed at U.S. exports of agricultural and food products such as soybeans, cereal, seafood, meats, fruits and nuts, and dairy, as well as intermediate goods and transport equipment, including vehicles.



     
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