Dotard now want 25% Tariff on every European Cars! Merc Volvo BMW Saab VW Citron all HUAT AH! USA is Global Economic Enemy #1

[Ang4MohTrump]

https://www.rt.com/business/436584-trump-european-cars-tariffs/


Trump vows to slap every European car with 25% tariff, but gives no time frame
Published time: 22 Aug, 2018 14:27 Edited time: 22 Aug, 2018 14:37
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European cars coming to the United States will be levied with additional taxes, according to US President Donald Trump.
"We're going to put a 25 percent tax on every car that comes into the United States from the European Union," Trump said at a campaign rally in West Virginia.
Trump first warned about possible tariffs on European cars in May. He asked the Commerce Department to examine whether such imports are threats to national security, using a similar argument to impose tariffs on steel and aluminum imports.
Read more
Swift turn: German FM says Europe needs bank transactions system independent from US
The price of a new car could jump by between $1,400 and $7,000 for top-selling models if the tariffs are implemented, according to the Peterson Institute for International Economics report in July. The highest price jump would be seen in sales of luxury cars like Mercedes-Benz GLC-class, with 100 percent foreign content. Its price could increase from $36,846 to more than $45,400.
It is unclear, though, when the tariffs would come into force. Earlier Tuesday, in an interview with the Wall Street Journal. Commerce Secretary Wilbur Ross said the ongoing negotiations with the EU, Mexico and Canada are delaying the tariffs. The newspaper added that the Commerce Department is studying the issue, and its recommendations are not ready yet.
The US imported more than $200 billion in foreign cars and trucks last year, of which almost 80 percent came from Mexico, Canada, Japan and Germany. Foreign car companies like BMW and Toyota are large employers in the US.
Auto firms have said tariffs would lead to less investment in the US and job cuts. According to the Peterson Institute for International Economics, even without retaliation, car tariffs could lead to the loss of 195,000 US jobs.

 

[eatshitndie]

still way cheaper than buying european cars in sg.

 

[Hypocrite-The]

Actually what is more effective will be a tax on luxuries like luxuries cars n Prada bags etc. The rich will still pay. N it's indirect tax so easier to justify

 

[virus]

He is playing gallery to voters for Nov election n 2020 potus election n distracting from Mueller investigation. He doesn't know a lot about what he is doing, go watch John Oliver show on trade war.

 

[eatshitndie]

Actually what is more effective will be a tax on luxuries like luxuries cars n Prada bags etc. The rich will still pay. N it's indirect tax so easier to justify

if the price is too low the rich won't buy.

 

[Hypocrite-The]

if the price is too low the rich won't buy.

So tax more.

 

[eatshitndie]

So tax more.

tax to the crazy rich also has little effect. a $223k bag is just a fashion accessory that is worn once. after that must carry 3 times more with a $669k bag.

 

[Ang4MohTrump]

Make Tariff Great Again!

Trade in the world will take alternate shape and form again, essentially WITHOUT INVOLVING USA. Products will find markets other than USA, Demands will find Alternate supplies other than USA. As a result, USA will be further Excluded away form the World Economy and have further DECREASED STRENGTH & INFLUENCES.

MAGA!




http://fortune.com/2018/08/22/trump-tariff-eu-cars/

Trump Promises a '25% Tax on Every Car From the EU' As His Administration Tries to Negotiate






Europe Fights Back Against U.S. Tariffs
The EU imposed tariffs of 25% on a number of products.




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Trump Announces Tariffs on $200 Billion More Chinese Goods
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By David Meyer
August 22, 2018

Will the Trump administration impose hefty tariffs on European cars or not? The question remains unanswered after two seemingly contradictory episodes on Tuesday.

First, Commerce Secretary Wilbur Ross told The Wall Street Journal that his department’s report on the potential tariffs may not come out this month, as he had previously said was likely.

The delay, Ross said, was “in view of the negotiations” going on between the U.S. and the European Union, and with fellow NAFTA signatories Mexico and Canada. That provided a glimmer of hope for the car industry, which is desperate to ward off the tariffs.

However, hours later, President Donald Trump took to the stage at a West Virginia campaign rally and declared: “We’re going to put a 25% tax on every car that comes into the United States from the European Union.”

That statement could be seen as Trump playing bad cop to his negotiators’ good cops, but it could also undermine the U.S.’s negotiating stance, if the European Commission sees the tariffs as a foregone conclusion.

Trump tasked Ross with evaluating whether auto imports can be classed as a national security threat—the same justification he used for the steel and aluminum tariffs that hit earlier this year.

Some within the car industry have warned that tariffs on imports would lead to dramatic price increases for consumers and perhaps even a “collapse in the automotive market.”

Apart from the negotiations issue, Ross told the Journal that American and overseas car manufacturers had sent so much material to him, to support their stance, that it was difficult to produce the report within the planned timescale.

“We just received elaborate questionnaires from the car companies, with zillions of pages, and that won’t be ready in five minutes,” Ross said.

 

[Hypocrite-The]

Actually the Trump approach seems to be hitting alot of countries and even hits the allies of the USA. The main problem with the USA is Ah tiong land,,,and AH tiong land has some of the most restricted access in the world, Trump should have brought all these discriminatory policies into the WTO,,and behind the scenes put in restrictions for ah tiong land imports, Especially those imports than compete with usa directly. For example, all government infrastructure projects must have local content clause. And of course ban more ah tiong companies on security grounds. This will make the ah tiongs look like the bad guys,,,,not the other way round.

Huawei banned from 5G mobile infrastructure rollout in Australia
By national science, technology and environment reporter Michael Slezak and technology reporter Ariel Bogle
Updated 18 minutes ago

PHOTO: 5G, or "fifth generation mobile", promises to deliver higher peak connection speeds. (ABC News: Sarah Collard)
RELATED STORY: 5G technology may change the world, but not for a while yet
RELATED STORY: Huawei intensifies 5G push, says Australia could become cyber security leader
The Federal Government has banned Chinese-owned tech giant Huawei from taking part in the rollout of 5G mobile infrastructure over national security concerns.

Huawei Australia said on Twitter it was "extremely disappointed".

The Government said it would be interpreting rules announced last year as disqualifying any company that was "likely subject to extrajudicial directions from a foreign government that conflict with Australian law".

In a joint statement amid turmoil over the Liberal leadership, acting Home Affairs Minister Scott Morrison and Communications Minister Mitch Fifield also said vendors that could not adequately protect the network from interference would be ruled out.

The statement did not explicitly name Huawei, but the tech company confirmed on Twitter it had been told by the Government it would be banned.

Huawei Australia

✔@HuaweiOZ
https://twitter.com/HuaweiOZ/status/1032411216184930304

We have been informed by the Govt that Huawei & ZTE have been banned from providing 5G technology to Australia. This is a extremely disappointing result for consumers. Huawei is a world leader in 5G. Has safely & securely delivered wireless technology in Aust for close to 15 yrs
7:36 AM - Aug 23, 2018

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5G is the next generation of mobile technology, billed to deliver faster data speeds and virtually instant connections.

It will allow more people to use the network before it clogs up, and is expected to usher in the "network of things", facilitating mobile connections for driverless cars and smart appliances.

Huawei has argued that with or without them being involved in the 5G rollout in Australia, the technology will be made in China, and banning it would "decimate" the industry, slowing the rollout and lowering competition.

A spokesperson for Huawei told the ABC: "Huawei is a world leader in 5G and has safely and securely delivered wireless technology in Australia for close to 15 years."

Mr Morrison said the Government's priority would "always be the safety and security of Australians".

"The Government will continue to engage and support Australians, including the telecommunications industry, to manage national security risks," he said in the joint statement.

The reforms the Government was interpreting to rule out Huawei were the Telecommunications Sector Security Reforms (TSSR).

They come into effect on September 18, and include a security obligation requiring vendors to protect their networks against threats to national security.

Ban clearly directed at countering Chinese law: expert
Danielle Cave, senior analyst at the Australian Strategic Policy Institute's International Cyber Policy Centre, said the Government's decision was the right one.

What's behind Huawei anxiety?

Political editor Andrew Probyn takes a deep dive into Huawei's history to unpick the anxiety within the Australian intelligence community.


She said Australia's ban on telecommunication companies "likely subject to extrajudicial directions" was clearly directed at countering China's 2017 national intelligence law.

That country's new regulations demand that "any organisation or citizen shall support, assist, and cooperate with state intelligence work".

"I think that makes it incredibly difficult, as China's large telecommunication and internet-technology companies expand throughout the world, to not put Western governments … in a position where they have to be really wary," Ms Cave said.

"It's not hard to look at this [Chinese] law and say, 'well hang on, what does this mean in terms of international espionage?'."

There have also been cybersecurity concerns surrounding Huawei and its alleged links to the Chinese Government and military, Ms Cave said.

"If you piece all of those things together, I really don't think [the Federal Government] would have been able to allow Huawei full access to the 5G network," she added.

 

[Leongsam]

This proves yet again that Trump is the best!

 

[syed putra]

Actually what is more effective will be a tax on luxuries like luxuries cars n Prada bags etc. The rich will still pay. N it's indirect tax so easier to justify

The rich will simply fly to paris to buy their bags plus enjoy a holiday at the same time.
I think trump and china has just realised how much money the gahmen can generate by imposing import duties. Who cares if consumer suffers slightly or a slight drop in retail spending as federal gahmen does not impose sales tax or gst in the US.

 

[Hypocrite-The]

The rich will simply fly to paris to buy their bags plus enjoy a holiday at the same time.

shopping in paris is cheaper?

 

[Hypocrite-The]

This proves yet again that Trump is the best!

Too bad his enemies want him gone,,and he might be impeach soon,,,,hard to go against the establishment eventhough he is rich and holds the top job,.

Robert Mueller's victory could be a tipping point for Donald Trump's presidency
By Sandeep Gopalan
Updated yesterday at 12:33pm

PHOTO: The question is whether and how the President will be able to get out of this legal pickle. (Reuters: Leah Millis)
RELATED STORY: Paul Manafort found guilty on eight counts in US court
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Today marks the biggest legal setback for United States President Donald Trump — two of his inner circle are now convicted felons and the hounds are getting closer to the gates.

Paul Manafort, Mr Trump's former campaign chairman, was found guilty on eight counts by a jury in Alexandria, Virginia.

Manafort's trial — the first stemming from special counsel Robert Mueller's Russia investigation — notably had nothing to do with Russia or that country's alleged interference with the 2016 presidential election.

Rather, the prosecution charged Manafort with 18 counts of bank/tax fraud, and conspiracy.

Following four days of deliberations, the jury was hung on 10 counts, raising the possibility that the prosecution would re-try him on those counts.

The trial was acrimonious, and the judge showed low tolerance for the prosecution's strategy trying to portray Manafort as a greedy operator who lied and fraudulently concealed his financial affairs for a number of years.

Ultimately, the 12-person jury found that Manafort was guilty on five counts of filing false income tax returns (relating to millions of dollars of income derived from consulting work in Ukraine), one count of non-disclosure of foreign bank accounts (relating to disclosures required in respect of accounts owned by citizens in foreign financial institutions under the Bank Secrecy Act), and two counts of banking fraud (relating to obtaining millions of dollars in loans by defrauding banks). The sentencing is awaited.

PHOTO: Will President Donald Trump pardon Paul Manafort? (Reuters: Jonathan Ernst)


This raises intriguing questions:

1. Will Mr Mueller be able to persuade Manafort to flip in exchange for a light sentence?
2. Will the judge be lenient in his sentencing given his posture toward the prosecution?
3. And will the President pardon Mr Manafort?

In relation to number one, Mr Mueller's hand is unmistakably strengthened by the guilty verdict because Manafort finally faces the real prospect of spending the rest of his life in jail.

Manafort — reportedly a connoisseur of fine living — has a real incentive now to cooperate to reduce his time in prison.

How is Manafort linked to Trump?

Paul Manafort has been charged with money laundering and conspiracy against the US. Find out more about who he is, the charges laid and his connection to Donald Trump.


With regard to number two, Judge Ellis, in his ruling against Manafort's challenge to Mr Mueller's authority, had stated: "… we have a prosecution of a campaign official, not a government official, for acts that occurred well before the presidential election."

"To be sure, it is plausible, indeed ultimately persuasive here, to argue that the investigation and prosecution has some relevance to the election which occurred months, if not years, after the alleged misconduct."

And during arguments the judge noted that Mr Mueller was only bringing this prosecution of Manafort over financial crimes committed decades ago — not because of any special interest in Manafort — but in an effort to get at Mr Trump.

He also wrote about Mr Mueller: "The appointment of special prosecutors has the potential to disrupt … checks and balances, and to inject a level of toxic partisanship into investigation of matters of public importance."

It remains to be seen whether these sentiments affect the sentence awarded to Manafort.

Thirdly, Manafort may not cooperate because of the prospect of a pardon from the President.

PHOTO: Robert Mueller might yet persuade Manafort to flip in exchange for a lighter sentence. (AP: Andrew Harnik)


Just weeks ago, the President tweeted:

Donald J. Trump

✔@realDonaldTrump
https://twitter.com/realDonaldTrump/status/1024680095343108097

Looking back on history, who was treated worse, Alfonse Capone, legendary mob boss, killer and “Public Enemy Number One,” or Paul Manafort, political operative & Reagan/Dole darling, now serving solitary confinement - although convicted of nothing? Where is the Russian Collusion?
11:35 PM - Aug 1, 2018

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Today, following the guilty verdict, Mr Trump told the media that Manafort "is a good man who was with Ronald Reagan … I feel very sad about that [guilty verdict] … it's a sad thing that happened … this is a witch hunt."

He also stressed that the verdict had nothing to do with Russia collusion and said: "I feel very badly for Paul Manafort."

Last weekend, Mr Trump again doubled down on condemnation of Mr Mueller in very harsh terms:

Donald J. Trump

✔@realDonaldTrump
https://twitter.com/realDonaldTrump/status/1031503298967363586

Disgraced and discredited Bob Mueller and his whole group of Angry Democrat Thugs spent over 30 hours with the White House Councel, only with my approval, for purposes of transparency. Anybody needing that much time when they know there is no Russian Collusion is just someone....
7:28 PM - Aug 20, 2018

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Given his comments, Manafort might calculate that Mr Trump's professed sympathy for him might yield a pardon.

If a pardon does eventuate, that, in turn, would raise questions about Mr Trump obstructing justice and raise the prospect of impeachment.

Another consequence of the guilty verdict is the effect it might have on others being targeted by Mr Mueller.

They might calculate their odds of successfully fighting the US Government in court are low and decide to flip.

If Manafort, who is vastly better resourced, could not prevail, they will assume their chances are even lower.

PHOTO: Michael Cohen leaves court after pleading guilty. (AP: Mary Altaffer)


This phenomenon may already be coming to fruition with the announcement today that the President's former personal lawyer, Michael Cohen, has pleaded guilty.

Cohen's guilty plea is massively significant — on the campaign finance violation count.

The Government alleged that in August 2015, a tabloid magazine chairman "in coordination with COHEN and one or more members of the campaign, offered to help deal with negative stories about Individual-1's [presumably Mr Trump] relationships with women by, among other things, assisting the campaign in identifying such stories so they could be purchased and their publication avoided".

Pursuant to that scheme, Cohen made payments "in order to influence the 2016 presidential election. In so doing, he coordinated with one or more members of the campaign, including through meetings and phone calls, about the fact, nature, and timing of the payments. As a result of the payments solicited and made by COHEN, neither Woman-1 nor Woman-2 spoke to the press prior to the election".

This is the first time Mr Trump is connected personally to the commission of a felony.

Logically, if Cohen is guilty of campaign finance violations committed at the instance of Individual-1, there is a real prospect of that person also being implicated.

The Mueller team is obviously thrilled with this plea, and the prosecutors tweeted chillingly:

US Attorney SDNY

✔@SDNYnews
· Aug 22, 2018

Replying to @SDNYnews
Attorney for the United States Robert Khuzami: Michael Cohen is a lawyer who, rather than setting an example of respect for the law, instead chose to break the law, repeatedly over many years and in a variety of ways. 1/2​

US Attorney SDNY

✔@SDNYnews

2/2 His day of reckoning serves as a reminder that we are a nation of laws, with one set of rules that applies equally to everyone.@NewYorkFBI
6:09 AM - Aug 22, 2018

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The message is probably directed at Mr Trump.

The question is whether and how the President will be able to get out of this legal pickle.

Dr Sandeep Gopalan is the pro vice-chancellor for academic innovation at Deakin University and a professor of law.

 

[Leongsam]

The can't impeach Trump the numbers will never stack up. Besides Trump has not done anything wrong.

 

[Hypocrite-The]

The can't impeach Trump the numbers will never stack up. Besides Trump has not done anything wrong.

Tell that the his enemies and the left wing bleeding heart liberal fuckwits,,,they dont like him bcos its him,,,,and when i see such charges etc, I wonder how many of those other politicians like Hillary and Obama have committed worse crimes and dont have to answer for

 

[Leongsam]

Tell that the his enemies and the left wing bleeding heart liberal fuckwits,,,they dont like him bcos its him,,,,and when i see such charges etc, I wonder how many of those other politicians like Hillary and Obama have committed worse crimes and dont have to answer for

They don't have the numbers for a successful impeachment. The Republicans did not succeed with Bill Clinton either even though they controlled both houses.

If Trump was impeached the dems would have an even bigger problem on their hands in the form of Mike Pence. Trump is far more moderate compared to 2nd in command.

 

[Bad New Brown]

Trump must learn from Obama on how to tax the rich