Tariffs
- Thread starter delldude
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KCFlyer
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at the same time, while US automakers face a 50% tariff on steel and aluminum (as will Japanese cars built here), if a Japanese car is imported, they would only face a 15% tariff, which automakers, including GM have said puts them at a disadvantage. Indeed...one has to wonder if GM will decide to invest that $5 billion into building factories in Japan to keep them competitive with the Japanese automakers.
Big 3 automakers say Trump's tariff deal with Japan puts them at a disadvantage
U.S. automakers worry that President Donald Trump's agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.
www.pbs.org
Dog Wonder
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He knows a lot of autoworkers in the Miami car plants.
WeAAsles
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The White House stated, “Under this agreement, the U.S. will apply a 15% tariff to nearly all Japanese import products,” adding, “For natural resources and pharmaceuticals not naturally produced in the U.S., separate sectoral measures can be applied to adjust mutual tariffs to 0%.” It further noted, “Japan will provide groundbreaking market access opportunities for U.S. manufacturing, aerospace, agriculture, food, and energy producers,” and “The Japanese government is working swiftly to increase its purchase of U.S.-grown rice by 75% and to implement a plan to buy $8 billion worth of U.S. agricultural products and related goods annually, including corn and soybeans.” Regarding Japan’s $550 billion investment pledge, it said, “These investments, selected by the U.S. government, will create jobs, expand manufacturing, and ensure American prosperity for generations.” Additionally, it specified that Japan will not require additional testing for U.S.-made automobiles that have passed safety certifications and will purchase U.S.-made commercial aircraft and defense equipment.
Dog Wonder
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Cliff Clavin on tariffs.
