Trump's Tariff Threats Are Working On China......

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1989TransAm
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Trump's Tariff Threats Are Working On China......

Post by 1989TransAm » Thu Apr 12, 2018 3:08 pm

"Threats of trade tariffs work. Removing the threat of adding extra costs to foreign exporters is like going into a fistfight in handcuffs. You can still win that fight if you're really crafty and great at kicking, but all things being equal, you're probably going to down in the first round.
"We still have the most desirable market in the world, and it is about time we start leveraging access to that market to negotiate better trade terms," says Chris Macke, founder of Solutionomics, an economic policy services firm based in Los Angeles. " China's willingness to make trade concessions proves those who were predicting trade Armageddon wrong . China's 25% auto tariffs are highly protectionist when compared to the U.S. 2.5% auto tariffs," he says.

The U.S. was once the world's No. 1 producer and exporter of cars and trucks. Now the top spot is held by China, thanks in part to trade policies that protected China's automotive sector.
Higher trade barriers to U.S. cars and trucks helped Chinese auto production increase to around 30% of total global auto production. Meanwhile, U.S. auto production shrank, even as the Detroit automakers moved some of their labor to lower-cost Mexico.
China produced more than 24 million cars in 2016, a 350% increase from its 2008 production level as the country goes from a bike-riding nation to a middle-income country with Buick spending money.
U.S. production declined to 3.8 million units in 2016. The U.S. produced nearly 7 million vehicles in 1995."

https://www.forbes.com/sites/kenrapoza/ ... a0b3357c86

mk e
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Re: Trump's Tariff Threats Are Working On China......

Post by mk e » Fri Apr 13, 2018 9:10 am

You know the US has 25% tariff on imported trucks right?

This is why US companies work so has to make truck and suv sales their priority....they can way over charge for them.
Mark
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