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Re: Germany willing to cut tariffs on US cars, lifting automakers’ shares

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CriticalThinking: 

 

The U.S. Chamber of Commerce said such tariffs "would deal a staggering blow to the very industry it purports to protect and risk igniting a global trade war.

 

 

It's a waste of time trying to reason with people who want a president who thinks he's Buford Pusser.

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Germany willing to cut tariffs on US cars, lifting automakers’ shares

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Message 2 of 6

President Donald Trump's threat to slap heavy tariffs on imported cars and parts  may cost hundreds of thousands of American jobs and raise auto prices in the U.S. by roughly 10 percent, economists estimate. Echoing their dire predictions are companies, industry groups, global trading partners and even local city governments in comments about the proposal they've submitted to the U.S. Commerce Department.

 

Companies from General Motors and BMW to governments including the European Union and city of Birmingham, Alabama, warned of job losses in their comments to the Commerce Department, which is investigating possible effects of the proposed tariffs.

 

The U.S. Chamber of Commerce said such tariffs "would deal a staggering blow to the very industry it purports to protect and risk igniting a global trade war.

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Re: Germany willing to cut tariffs on US cars, lifting automakers’ shares

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@jfpinlvn wrote:

@john258 wrote:

@jimc91 wrote:

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

 

Angela Merkel said she would be ready to support lowering the tariffs, though the measure couldn’t just apply to the U.S.

 

"I would be ready to support negotiations on reducing tariffs but we would not be able to do this only with the U.S.," she said, as reported by Reuters, adding that singling out one country would violate World Trade Organization rules.

 

On Wednesday, the chief executives of prominent German auto companies – including Daimler, BMW and Volkswagen – “liked” a Trump administration proposal for both sides to reduce those tariffs to zero, according to German business news outlet Handelsblatt. The proposal was said to have been made by U.S. Ambassador to Germany Richard Grenell during a meeting at the U.S. embassy.

 

The EU tariff rate on all U.S. car imports is 10% while the U.S. tariff on imported European cars is 2.5%.

 

Auto stocks, including Ford, Fiat and General Motors, rose on the news Thursday.

 

Ticker Security Last Change %Chg

FFORD MOTOR COMPANY11.07+0.08+0.69%
GMGENERAL MOTORS COMPANY39.47+0.50+1.28%
FCAUFIAT CHRYSLER AUTOMOBILES N.V.20.02+1.12+5.93%

 

 

Last week, President Trump threatened to impose a 20% tariff on imports of all vehicles assembled in the EU, though he is reportedly willing to scrap those plans if the EU reduces its levies. The potential tariff would hit Germany particularly hard as cars are one of their key exports: manufacturers in the country exported more than 4.3 million vehicles in 2017.

 

European Commission President Jean-Claude Juncker is expected to meet with President Trump later this month to discuss trade concerns.

 

Trump has been vocal about the need for automakers to manufacture vehicles in the United States, and has said there are too many German cars on the roads.

 

The Commerce Department is currently investigating whether foreign auto imports pose a risk to national security.

 

Meanwhile, while tensions appear to be easing with the EU, another round of U.S. tariffs on Chinese goods are due to go into effect on Friday. The levies would be placed on $34 billion worth of goods.

 

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-sh...

 

+++++++++++++++++++++++++++++++=

 

Oh MY!

 

Is this possible?  Germany is ready to make a better deal concerning tariffs?

 

 

 

 


There is a part you left out. The German Auto makers have plants and large investments in the US. They have the largest Auto Mfg. plant in one state. They have warned they will cut back and take millions of future investments out of the US, and possibly close plants in the US. if that happens the US looses more than it gains.


I don't think he left that part out, John. It is the part that you made up. 

"millions of future investments", "closing plants", "US looses(sic) more than it gains". Wild speculation unless you can show sources for your claims.


He left that part out, and what he is doing has never worked. Ever hear of Smoot Hawley.

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Re: Germany willing to cut tariffs on US cars, lifting automakers’ shares

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Message 4 of 6

@john258 wrote:

@jimc91 wrote:

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

 

Angela Merkel said she would be ready to support lowering the tariffs, though the measure couldn’t just apply to the U.S.

 

"I would be ready to support negotiations on reducing tariffs but we would not be able to do this only with the U.S.," she said, as reported by Reuters, adding that singling out one country would violate World Trade Organization rules.

 

On Wednesday, the chief executives of prominent German auto companies – including Daimler, BMW and Volkswagen – “liked” a Trump administration proposal for both sides to reduce those tariffs to zero, according to German business news outlet Handelsblatt. The proposal was said to have been made by U.S. Ambassador to Germany Richard Grenell during a meeting at the U.S. embassy.

 

The EU tariff rate on all U.S. car imports is 10% while the U.S. tariff on imported European cars is 2.5%.

 

Auto stocks, including Ford, Fiat and General Motors, rose on the news Thursday.

 

Ticker Security Last Change %Chg

FFORD MOTOR COMPANY11.07+0.08+0.69%
GMGENERAL MOTORS COMPANY39.47+0.50+1.28%
FCAUFIAT CHRYSLER AUTOMOBILES N.V.20.02+1.12+5.93%

 

 

Last week, President Trump threatened to impose a 20% tariff on imports of all vehicles assembled in the EU, though he is reportedly willing to scrap those plans if the EU reduces its levies. The potential tariff would hit Germany particularly hard as cars are one of their key exports: manufacturers in the country exported more than 4.3 million vehicles in 2017.

 

European Commission President Jean-Claude Juncker is expected to meet with President Trump later this month to discuss trade concerns.

 

Trump has been vocal about the need for automakers to manufacture vehicles in the United States, and has said there are too many German cars on the roads.

 

The Commerce Department is currently investigating whether foreign auto imports pose a risk to national security.

 

Meanwhile, while tensions appear to be easing with the EU, another round of U.S. tariffs on Chinese goods are due to go into effect on Friday. The levies would be placed on $34 billion worth of goods.

 

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-sh...

 

+++++++++++++++++++++++++++++++=

 

Oh MY!

 

Is this possible?  Germany is ready to make a better deal concerning tariffs?

 

 

 

 


There is a part you left out. The German Auto makers have plants and large investments in the US. They have the largest Auto Mfg. plant in one state. They have warned they will cut back and take millions of future investments out of the US, and possibly close plants in the US. if that happens the US looses more than it gains.


I don't think he left that part out, John. It is the part that you made up. 

"millions of future investments", "closing plants", "US looses(sic) more than it gains". Wild speculation unless you can show sources for your claims.

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Re: Germany willing to cut tariffs on US cars, lifting automakers’ shares

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Message 5 of 6

@jimc91 wrote:

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

 

Angela Merkel said she would be ready to support lowering the tariffs, though the measure couldn’t just apply to the U.S.

 

"I would be ready to support negotiations on reducing tariffs but we would not be able to do this only with the U.S.," she said, as reported by Reuters, adding that singling out one country would violate World Trade Organization rules.

 

On Wednesday, the chief executives of prominent German auto companies – including Daimler, BMW and Volkswagen – “liked” a Trump administration proposal for both sides to reduce those tariffs to zero, according to German business news outlet Handelsblatt. The proposal was said to have been made by U.S. Ambassador to Germany Richard Grenell during a meeting at the U.S. embassy.

 

The EU tariff rate on all U.S. car imports is 10% while the U.S. tariff on imported European cars is 2.5%.

 

Auto stocks, including Ford, Fiat and General Motors, rose on the news Thursday.

 

Ticker Security Last Change %Chg

FFORD MOTOR COMPANY11.07+0.08+0.69%
GMGENERAL MOTORS COMPANY39.47+0.50+1.28%
FCAUFIAT CHRYSLER AUTOMOBILES N.V.20.02+1.12+5.93%

 

 

Last week, President Trump threatened to impose a 20% tariff on imports of all vehicles assembled in the EU, though he is reportedly willing to scrap those plans if the EU reduces its levies. The potential tariff would hit Germany particularly hard as cars are one of their key exports: manufacturers in the country exported more than 4.3 million vehicles in 2017.

 

European Commission President Jean-Claude Juncker is expected to meet with President Trump later this month to discuss trade concerns.

 

Trump has been vocal about the need for automakers to manufacture vehicles in the United States, and has said there are too many German cars on the roads.

 

The Commerce Department is currently investigating whether foreign auto imports pose a risk to national security.

 

Meanwhile, while tensions appear to be easing with the EU, another round of U.S. tariffs on Chinese goods are due to go into effect on Friday. The levies would be placed on $34 billion worth of goods.

 

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-sh...

 

+++++++++++++++++++++++++++++++=

 

Oh MY!

 

Is this possible?  Germany is ready to make a better deal concerning tariffs?

 

 

 

 


There is a part you left out. The German Auto makers have plants and large investments in the US. They have the largest Auto Mfg. plant in one state. They have warned they will cut back and take millions of future investments out of the US, and possibly close plants in the US. if that happens the US looses more than it gains.

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Germany willing to cut tariffs on US cars, lifting automakers’ shares

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Message 6 of 6

Germany’s chancellor said Thursday she’s willing to back lower tariffs on U.S. auto imports as a potential European Union (EU) concession to the Trump administration – just one day after CEOs of Germany’s biggest carmakers reportedly voiced support for eliminating such tariffs entirely.

 

Angela Merkel said she would be ready to support lowering the tariffs, though the measure couldn’t just apply to the U.S.

 

"I would be ready to support negotiations on reducing tariffs but we would not be able to do this only with the U.S.," she said, as reported by Reuters, adding that singling out one country would violate World Trade Organization rules.

 

On Wednesday, the chief executives of prominent German auto companies – including Daimler, BMW and Volkswagen – “liked” a Trump administration proposal for both sides to reduce those tariffs to zero, according to German business news outlet Handelsblatt. The proposal was said to have been made by U.S. Ambassador to Germany Richard Grenell during a meeting at the U.S. embassy.

 

The EU tariff rate on all U.S. car imports is 10% while the U.S. tariff on imported European cars is 2.5%.

 

Auto stocks, including Ford, Fiat and General Motors, rose on the news Thursday.

 

Ticker Security Last Change %Chg

FFORD MOTOR COMPANY11.07+0.08+0.69%
GMGENERAL MOTORS COMPANY39.47+0.50+1.28%
FCAUFIAT CHRYSLER AUTOMOBILES N.V.20.02+1.12+5.93%

 

 

Last week, President Trump threatened to impose a 20% tariff on imports of all vehicles assembled in the EU, though he is reportedly willing to scrap those plans if the EU reduces its levies. The potential tariff would hit Germany particularly hard as cars are one of their key exports: manufacturers in the country exported more than 4.3 million vehicles in 2017.

 

European Commission President Jean-Claude Juncker is expected to meet with President Trump later this month to discuss trade concerns.

 

Trump has been vocal about the need for automakers to manufacture vehicles in the United States, and has said there are too many German cars on the roads.

 

The Commerce Department is currently investigating whether foreign auto imports pose a risk to national security.

 

Meanwhile, while tensions appear to be easing with the EU, another round of U.S. tariffs on Chinese goods are due to go into effect on Friday. The levies would be placed on $34 billion worth of goods.

 

https://www.foxbusiness.com/politics/germany-willing-to-cut-tariffs-on-us-cars-lifting-automakers-sh...

 

+++++++++++++++++++++++++++++++=

 

Oh MY!

 

Is this possible?  Germany is ready to make a better deal concerning tariffs?

 

 

 

 

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