U.S. agency submits auto tariff probe report to White House

[turbinetree]

Source: Reuters

BUSINESS NEWS FEBRUARY 17, 2019 / 10:13 PM / UPDATED AN HOUR AGO

David Lawder, David Shepardson

WASHINGTON (Reuters) - The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed.

Late on Sunday, a department spokeswoman said it would not disclose any details of the “Section 232” national security report submitted to Trump by Commerce Secretary Wilbur Ross. The disclosure of the submission came less than two hours before the end of a 270-day deadline.

Trump has 90 days to decide whether to act upon the recommendations, which auto industry officials expect to include at least some tariffs on fully assembled vehicles or on technologies and components related to electric, automated, connected and shared vehicles.

As the White House received the report, the industry unleashed what is expected to be a massive lobbying campaign against it.


Read more: https://www.reuters.com/article/us-usa-trade-autos/u-s-agency-submits-auto-tariff-probe-report-to-white-house-idUSKCN1Q706C

[TomCADem]

1. Bernie Sanders Says He'll Work With Trump on Trade - Trump Is Just Ripping Off Bernie's Populism

Is Trump just stealing another idea from Bernie Sanders who has hammered automobiles imported from countries like Mexico. Bernie Sanders has said. “I was on a picket line in the early 1990s against Nafta, because you didn’t need a Ph.D. in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.”

https://www.usnews.com/news/politics/articles/2017-01-24/bernie-sanders-says-hell-work-with-trump-on-trade-while-some-gopers-wary

VERMONT SEN. BERNIE Sanders said on Monday that he'd gladly work with President Donald Trump on trade issues when they see eye to eye.

"Now is the time to develop a new trade policy that helps working families, not just multi-national corporations," Sanders said in a statement. "If President Trump is serious about a new policy to help American workers then I would be delighted to work with him."

Sanders lauded the president's executive order beginning the process of withdrawing from the Trans-Pacific Partnership and celebrated that the proposed pact was "dead and gone," at least in terms of U.S. membership.

[Stonepounder]

2. You can't 'gladly work' with someone

who doesn't have an F'ing clue that a tariff is NOT paid for by the exporting country, it is paid for by the people buying the product. It is a bloody tax on the consumer. Yes, it goes into the US Treasury, but it comes from US Citizens pockets, not from the exporter.

And the exporting country has a nasty habit of imposing their own reciprocal tariffs. Just ask soybean farmers.

[iluvtennis]

3. +++ Agree.

[NotHardly]

4. Berinie is a putz or a 'bought dude', neither would surprize me