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Germany will offer to scrap the EU's 10% tax on US autos: Report

  • The Wall Street Journal reported that Richard Grenell, the U.S. ambassador to Germany, has been in talks recently with the chief executives of German car makers BMW, Volkswagen and Daimler, where they pitched the idea of ending car tariffs between the U.S. and the EU.
  • During these talks, the executives said they would be in favor of scrapping these levies as part of a broader deal encompassing industrial goods, the Journal said.
  • The report comes shortly after the European Commission said the EU will slap a 25 percent charge on $3.2 billion worth of U.S. goods as retaliation for levies implemented on European steel and aluminum products by the U.S.

https://www.cnbc.com/2018/06/2...us-autos-report.html

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Trump will win any trade war with (NAFTA), China, and the EU, etc. I read another expert report that stated country like China is playing hardball with the U.S. but has much to lose. Most of the countries were sucking up the Ameican gravy on trade for too long and Trump is pulling the plug on them. The media is doing more harm to the actual trade deal than what the experts are telling us. China was at the top of Trump's campaign agenda and he is prioritizing on his promise. Unleashed the war hog...

FM
Prince posted:

Trump will win any trade war with (NAFTA), China, and the EU, etc. I read another expert report that stated country like China is playing hardball with the U.S. but has much to lose. Most of the countries were sucking up the Ameican gravy on trade for too long and Trump is pulling the plug on them. The media is doing more harm to the actual trade deal than what the experts are telling us. China was at the top of Trump's campaign agenda and he is prioritizing on his promise. Unleashed the war hog...

Their Stock market dropped 10% yesterday.  They have no more to add retaliatory tariffs as they purchase 130 Bil from the US which the US takes over 500 mil.  Trump has the upper hand as China is an export economy of which the US is the largest partner.

However, there could be disruption in many companies supply chain, so we will suffer in the short term.

Baseman
Last edited by Baseman
Nehru posted:

Trump will have millions of Americans on Bread Lines and in Soup Kitchens, mark my words!! Gadahas and Orangutan are not humans so they are not capable of being progressive, only destructive!!!

Yet, you lucky enough to eat flaky patata and dhall every morning for breakfast. In the evening, hot fish-cake waiting for you.   some people really get am good and prappa. Hot and steamy. Sugar in the pum-pum, and them still complaining.   Guyanese nature is unpredictable in America. 

FM

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