Trump Considers 25% Tariffs on All Auto Imports as Matter of "National Security"

Trump has gone apeshit batty with his latest "national security" tariff proposal.

The Trump administration is considering a plan that would impose new tariffs on imported vehicles on national-security grounds, according to industry officials briefed on broad outlines of the plan.

The plan remains in its early stages, and is likely to face significant opposition from a number of interest groups, from foreign trading partners to domestic dealers of imported cars.

Applying the tariffs under Section 232, meanwhile, would require a lengthy investigation and report from the U.S. Commerce Department. The administration is currently considering tariffs of up to 25%, according to those briefed on the plan.

Global Trade War

If Trump wants a global trade war, this is a sure-fire way to get one.

Every country would respond with similar actions. And it would wipe out imports but it would also kill foreign investment in the US and US importers.

It would raise prices for a while. Then a crash.

Rosenberg on Trumponomics

The feature image is one I remembered from a few years back as part of a Monkey selfie copyright dispute.

A monkey took a photographer's camera and snapped a bunch of amazing pictures of itself. The courts ruled the images to be in public domain because monkeys cannot own copyrights.

The suit was settled, sort of.

However, the court of appeals declined to dismiss the case and vacate the lower court judgment.

This seems like nonsense to me. The owner of the camera should own the copyright. If that's not the case, then logically, any image in which an animal trips a shutter thereby taking it's own picture would be in public domain.

Perhaps the argument was presented to the court wrongly. Instead of arguing the monkey owned the copyright, the claim should have been made that the camera owner owned the copyright.

Mike "Mish" Shedlock

Comments (21)
No. 1-21
Tengen
Tengen

If carried out, even true believer 9D chess Trump proponents would scratch their heads. We don't import cars from our supposed enemies, the ones Trump often rails against. This would be a one finger salute to Japan, Korea, Germany, Italy, and the UK.

Would exemptions be given for assembly in the US? Didn't get past the WSJ paywall to read the full article.

lol
lol

With avg pickup/suv approaching $100 grand,does it really matter?What next 10yr financing lol!

AWC
AWC

But there’s no inflation, remember. You get more for that hundred grand, like Alexa.

AWC
AWC

Let’s see? A 25% tax increase, added to a zero percent tax cut is, how much?

Six000mileyear
Six000mileyear

A 25% import tax on imported cars is a move to gain labor support since more cars would be built in the US. The intellectual aspect of a car can be created overseas and imported tax-free.