GOP-Trump trade fight boils over with threat to cars

[DonViejo]

BY JORDAIN CARNEY AND VICKI NEEDHAM - 05/27/18 06:00 AM EDT

President Trump and congressional Republicans are barreling toward a showdown over auto tariffs, just the latest conflict between the president and his party on trade.

Trump has asked Commerce Secretary Wilbur Ross to investigate whether hefty tariffs, possibly as high as 25 percent, can be levied against auto imports for national security reasons. The mere suggestion of the huge tariffs sparked an immediate backlash on Capitol Hill, as well as GOP-friendly business groups and key trading partners already unnerved by Trump on trade.

GOP lawmakers warn the tariffs could roil the economy months before a midterm election where they are fighting to maintain control of Congress.

“I hope we can avoid getting into any kind of tariff situation,” Senate Majority Leader Mitch McConnell (R-Ky.) told Fox News. “I think all of us are hoping that all of this back and forth discussion about trade doesn’t end up leading into the implementation of tariffs or some larger trade war.”

more
http://thehill.com/policy/finance/389442-gop-trump-trade-fight-boils-over-with-threat-to-cars

[no_hypocrisy]

1. Simple Math: A Bankster wants to purchase a $100,000 Mercedes Benz.

The tariff adds $25,000 to the price tax. Uncertain whether sales tax would apply to $100,000 or $125,000.

Not what the beneficiaries of the Tax Cut expected.

[tanyev]

2. Trump will change his mind as soon as foreign companies deposit enough $$ into a secret bank account

[duforsure]

3. Coming from someone

exploiting sweatshop labor in China and around the world making his goods , while he ignores National Security issues for this country every day. Its called "a shakedown", and his minions are doing this to many countries, pay to play or else. That's his foreign policy, you pay or he takes out his revenge using our government to do it with.

[dalton99a]

4. After cars, he'll threaten something else

[tammywammy]

5. I bought a new car this week.

I was going to wait until next year, but he'll get some sort of tariff implemented. I didn't want to chance what this crazy administration will do, so I went ahead and got it this week.

[Yo_Mama_Been_Loggin]

6. Trump wants to party like it's 1929