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schizoidman@lemmy.zip to World News@quokk.au · 2 months ago

Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal

apnews.com

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  • europe@feddit.org
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Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal

apnews.com

schizoidman@lemmy.zip to World News@quokk.au · 2 months ago
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  • cross-posted to:
  • europe@feddit.org
The head of the European Parliament trade committee calls President Donald Trump’s tariff hike on European Union automobiles “unacceptable.”

cross-posted from : https://lemmy.zip/post/63568513

  • st3ph3n@midwest.social
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    2 months ago

    Did he forget about that lawsuit he lost where his tariffs were determined to be illegal?

    Who am I kidding? He doesn’t give a shit.

    • samsamsamsam@discuss.online
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      2 months ago

      Supreme Court ruling was against tariffs under IEEPA. He is still able to use industry specific tariffs under Trade Expansion Act, that’s how tariffs on Canadian auto, lumber, steel, aluminum sectors continue dispute Supreme Court ruling

      • renzhexiangjiao@piefed.blahaj.zone
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        2 months ago

        is it then not possible for him to circumvent the ruling entirely by simply taxing the industries that account for like 99% of the trade with a given country? like it probably wouldn’t be possible to list all the industries but surely listing 10 most popular ones would essentially equate to a blanket tariff

        • samsamsamsam@discuss.online
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          2 months ago

          deleted by creator

    • Entertainmeonly (she/her)@lemmy.blahaj.zone
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      2 months ago

      It’s effectively a bailout with extra steps

      • Maeve@kbin.earth
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        2 months ago

        Huh?

        • Entertainmeonly (she/her)@lemmy.blahaj.zone
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          2 months ago

          The car manufacturers will charge the customer any tariffs and then when they sue to get there money back they will not only keep the price at the higher level butv will then get the tariff money back. Same thing the last lawsuit did.

          • Maeve@kbin.earth
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            2 months ago

            Gotcha. Sorry, I’m really tired.

          • Tar_Alcaran@sh.itjust.works
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            2 months ago

            Except this one is ongoing, and a bailout is generally once.

    • dustycups@aussie.zone
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      2 months ago

      I heard he gives shits all the time. Everyone’s saying it.

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