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LeeG
09-29-2018, 09:44 AM
Lets see, tax cuts for very rich, tax on imported good for everyone. What a flim flam man.

https://www.nytimes.com/2018/09/26/us/politics/trump-canada-nafta-tariffs.html

55
WASHINGTON — President Trump said he rejected a meeting with Prime Minister Justin Trudeau of Canada during the United Nations General Assembly this week and threatened on Wednesday to punish Canada by taxing the cars it exports into America, signaling a new low in relations between the two nations.

“Frankly, we’re thinking about just taxing cars coming in from Canada,” Mr. Trump said at a news conference on Wednesday. “That’s the mother lode. That’s the big one. We’re very unhappy with the negotiations and the negotiating style of Canada.”

https://www.washingtonpost.com/business/economy/trump-threatens-auto-tariffs-on-canada-as-relationship-with-trudeau-continues-to-sour/2018/09/26/91638556-c1d8-11e8-97a5-ab1e46bb3bc7_story.html?utm_term=.a8b57e1ae0b6

Trump said Wednesday that Trudeau had sought a meeting with him during the U.N. General Assembly in New York, but Trump said he refused to participate, because he did not like how Canada was approaching the trade discussions.

A spokeswoman for Trudeau, however, said the Canadian prime minister never sought a meeting with Trump during the New York gathering. The spokeswoman declined further comment on Trump’s news conference.

“If Canada doesn’t make a deal with us, we’re going to make a much better deal,” he said. “We are going to tax the cars that come in. We will put billions and billions of dollars into our treasury.”

mmd
09-29-2018, 10:10 AM
Maybe a viewpoint from a disinterested third party news agency is in order:

https://www.theguardian.com/us-news/2018/sep/29/nafta-latest-us-canada-trade-talks-deadline

Todd D
09-29-2018, 10:12 AM
Since Nafta is a treaty duly approved by Congress, it is the law and a tax can't be imposed unless Congress changes the law. In other words Trump can not legally impose a tax by himself. Of course a little matter of law won't stop Trump.

CWSmith
09-29-2018, 11:08 AM
Lets see, tax cuts for very rich, tax on imported good for everyone. What a flim flam man.

You should have heard Bannon on Bill Maher's show last night go on and on about Trump's genius. At times he actually smiled and you knew he was a total flim flam.

John Smith
09-29-2018, 11:09 AM
Since Nafta is a treaty duly approved by Congress, it is the law and a tax can't be imposed unless Congress changes the law. In other words Trump can not legally impose a tax by himself. Of course a little matter of law won't stop Trump.

Who will enforce it?

John Smith
09-29-2018, 11:10 AM
I still think it can happen that we will be the target of embargoes or sanctions.

Jimmy W
09-29-2018, 02:31 PM
What percentage of the parts of the cars assembled in Canada are produced in Canada? There used to be three auto assembly plants in Atlanta. Very few of the parts of those cars were made in Georgia. Most of my job involved getting parts for those cars to the plants.

L.A Marche
09-29-2018, 03:28 PM
Why would any country sign any deal or agreement with the US when it is only good for one administration or the until president changes his mind, or uses tariffs as threats, bargaining chips or a means of punishment because his feelings got hurt.
There is no Canadian auto industry, there are assembly and parts plants owned by US and Japanese companies. Most of these parts are shipped back and forth across borders multiple times. A 25% tariff may kill the Canadian component but it won’t be over night and production can’t be shifted easily or cheaply, GM , Ford, FCA, Toyota will all take a hit along with the US consumer who will ultimately pay the 25% tax. The up side for the US manufacturers is they can take advantage of the lower wages, environmental and employment standards in the states as did Caterpillar and Navistar. The downside is Canadians will think long and hard before buying an American vehicle again.
A lot of upheaval over Wisconsin’s oversupply of subsidized milk.

L.A Marche
09-29-2018, 03:30 PM
Jimmy, most of the parts are of US and Mexican origin.

skuthorp
09-29-2018, 03:42 PM
"Why would any country sign any deal or agreement with the US when it is only good for one administration or the until president changes his mind, or uses tariffs as threats, bargaining chips or a means of punishment because his feelings got hurt."
Precisely L.AMarche.
But the US's risible ''Foreign Policy" has weathervaned as administrations changed, and trade deals with the US have long been the subject of diplomatic blackmail and often hardlyt worth the paper they are written on. Donald is somewhat extreme on this, but then Donald has no concern with the international effects of this, it only matter how it reads internally with his supporters.