Trump studying new auto tariffs after GM restructuring

[Yo_Mama_Been_Loggin]

President Donald Trump on Wednesday said new auto tariffs are "being studied now," asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors announced this week.

Trump said on Twitter that the 25 percent tariff placed on imported pickup trucks and commercial vans from markets outside North America in the 1960s has long boosted U.S. vehicle production.

"If we did that with cars coming in, many more cars would be built here," Trump said, adding "and G.M. would not be closing their plants in Ohio, Michigan & Maryland."

The United States currently has a 2.5 percent tariff on imported cars and sport utility vehicles from markets outside North America and South Korea.

https://www.msn.com/en-us/money/markets/trump-studying-new-auto-tariffs-after-gm-restructuring/ar-BBQd4dy?li=BBnbfcN

Because tariffs have worked out so well so far.

[Ohiogal]

1. The imbecile sure is a one-trick pony.

[Proud Liberal Dem]

2. Weren't Tariffs *hurting* GM?

[Demsrule86]

3. Steel tarriffs hurt GM and other autos...cost more for the car parts...a 25% tarriff would be a good

idea...but Trump is too stupid to figure out how to do it correctly... many of of our competitors close their markets to us (Japan) or refuse to allow our cars to be sold there unless we agree to manufacture there (Korea).

[rurallib]

4. They (or he, being Trumpty) aren't studying shit

they said that just to shut people up. Their policy is set unless they decide on a whim to fuck it up worse.

Now leave Donnie alone so he can watch TV.

[VOX]

5. "Trump studying..."

Every now and then a lie has comedic overtones.

[Wounded Bear]

6. When your only tool is a hammer, all your problems start to look like nails...

[Wounded Bear]

7. Oh, and: Floggings will continue until morale improves...