Who’s winning?
Domestic US automobile manufacturers are subject to a 50% tariff on steel - resulting in the highest steel prices on the planet, a 25% tariff on parts imported from Mexico and Canada along with a 65%+ tariff on Chinese LCDs and electronics.
The European Union can manufacture cars with zero steel tariffs, 4% Chinese tariffs, and zero tariffs on imports from Mexico and Canada.
EU auto exports to the US are subject to a 15% tariff.
The Art of the Deal.......
Posts
No comments:
Post a Comment