#tariff

Donald Trump Still Doesn't Understand How NAFTA Works

Donald Trump, while on the campaign trail in Michigan, is still promising to apply a 35-percent import tariff on vehicles built by Ford if it continues with plans to expand operations in Mexico, even though Trump wouldn’t have the authority to implement a tariff as president, reports The Detroit Free Press.

“We are going to do something that is going to (be) great (and) a very big beneficiary is going to be Michigan,” Trump said while speaking to supporters at Macomb Community College on Friday. “The car business is being abused more than most other businesses. … Mexico is becoming the new China.”

And we all know how much Trump looooooooves China.

Mark Stevenson Mar 06, 2016

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Canada To End Duties On Imported Vehicles From The EU, Will Recognize EU Standards

As part of a new free trade agreement due to be signed with the European Union, Canada will remove its 6.1 percent tariff on imported vehicles from the European Union, while the EU will remove its 10 percent duties on autos and and its 4.5 percent duty on parts.

Derek Kreindler Oct 18, 2013

Tradewar Watch 21: Stabenow, Brown And King Suggest Suicide, Seriously

American carmakers cast worried glances on Senators and union groups that want to create a level playing field with China. Senators Debbie Stabenow and Sherr…