Global auto powers plotting response to Trump auto tariff threats

As we’ve said before, the highways and byways of the United States should have more fine foreign cars, not fewer. But think three times before buying a BMW. They are great cars but when they need fixing it isn’t cheap.

Also tariffs are taxes. We should avoid new taxes. Trump’s walking a tightrope here.

(From CNBC)

Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar with the talks said.

The Trump administration has come under heavy criticism from automakers, foreign governments and others as it considers tariffs of up to 25 percent, a levy critics warn will hike vehicle costs, hurting auto sales and global industry jobs.

Several auto manufacturing powers have been talking to each other in recent days about their fears and a possible coordinated response to Trump’s “Section 232” investigation, which he ordered on May 23, into whether auto imports are a threat to U.S. security, sources say.

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