Trump calls China's tariffs on U.S. cars 'stupid trade'

[DonViejo]

Source: Politico




By LOUIS NELSON 04/09/2018 06:56 AM EDT Updated 04/09/2018 07:42 AM EDT

President Donald Trump decried the taxes the Chinese government imposes on the import of U.S. cars, insisting that his announced tariffs on Chinese goods are the antidote to “stupid trade” practices allowed for years by his predecessors.

“When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%,” Trump wrote on Twitter just after 6 a.m. Monday morning. “Does that sound like free or fair trade. No, it sounds like STUPID TRADE - going on for years!”

Long a part of his political platform, trade has become an especially key point of fixation for the president in recent weeks as he has begun to ramp up his pledge to level the playing field of international trade. Although he has imposed some across the board tariffs, the bulk of Trump’s announced trade moves have targeted China, with which the U.S. runs a significant trade deficit.

Already, Trump has threatened to impose tariffs on $50 billion worth of Chinese imports and ordered his U.S. trade representative to study tariffs on an additional $100 billion worth imports from China. Beijing, in response to the president’s $50 billion tariff announcement, retaliated with tariffs on $50 billion in U.S. imports, targeting 106 products, including soybeans, cars and airplanes.

Read more: https://www.politico.com/story/2018/04/09/trump-china-trade-vehicles-508687

[NewJeffCT]

1. I don't think we send many cars from the US to China

i know Buick and others manufactures cars for the Chinese market in China. As does Volkswagen and other European automakers.

I also don't see a huge demand for Chinese brand cars in the US. Toyota, Honda, Nissan (Datsun) took years to overcome their initial reputation as being unreliable and underpowered.

[marble falls]

2. We've sent millions of cars to China.....

http://www.sino-us.com/35/US-auto-exports-to-China-rise.html

The US auto industry is bolstering its sales to the emerging markets such as China, while the Chinese auto industry is also aiming to get a foothold in the US market.

In 2013, the US exported a record of 2 million vehicles, amounting to $100 billion. Half of them were manufactured by the three giants in Detroit—GM, Ford and Chrysler. According to statistics from the American Automotive Policy Council, the number of US autos exported to China has seen a six-fold increase since 2009. The US exported 795 units of autos in 2003, but the number has increased to a combined 200,000 for the past two years.

Although the three US auto majors have production facilities in China to meet the local demand, it is predicted that their exports will not decline. Chrysler is planning to export Jeep SUVs to China and Ford is exporting Edge SUVs.

Meanwhile, Chinese auto enterprises are looking for opportunities in the US market. Many Chinese manufacturers and suppliers are setting up factories and offices in and around Detroit, in the hope of selling their products to American customers some day.

US experts say the Chinese enterprises will play a critical role in bringing the market back to prosperity. According to the governor of Michigan, Chinese enterprises have invested about $1 billion in the state, 95% of which is related to the auto industry. According to the Xinhua News Agency, more than 100 Chinese auto enterprises have invested in Detroit. Michigan ranks ninth among the 50 states in terms of Chinese investment.

Chinese auto enterprises are establishing partnerships with local companies in Detroit. Experts say the day will eventually come when the Chinese auto enterprises manufacture autos in the US and sell them to local customers, like their Japanese and South Korean counterparts.

One of the major challenges is the threat of opposition from US politicians. Nigel Francis, automotive advisor to the governor, indicated that Chinese enterprises are learning about the demands of the US market to develop products that meet the needs of US customers. He firmly believes Chinese autos will go global.

(Edited by Billie Feng)

Their domestic auto makers want to thank Cheetolini for causing the Chinese government to choke off US auto imports

[Fred Sanders]

4. Calling all American shoppers, kiss your cheap consumer goods good bye and get ready for hyper

inflation without wage growth.

Do you really think an American factory can produce a 52 inch 4K TV for $300?

Thanks, Trump!

And you got it right, American car manufacturers want to squelch Chinese car imports just as the quality has met world standards. Who would expect China to not to do the same?

Chaos. All just to create the chaos his cult demands daily. His act is really getting old.

[Javaman]

3. I can't help but think of this...

[dem in texas]

5. Wake_Up Detroit

More Cadillacs are sold in China than in the USA.