Trade War Watch: Trump Reportedly Delaying Auto Tariffs, Clock Still Ticking
The Trump administration was supposed to make an announcement Tuesday as to whether or not imported automobiles pose a national security risk, following discussions with trade representatives. While it wasn’t presumed that the White House would say anything truly definitive or hold a formal press conference on the issue, it was assumed that the president would take a stronger public stance either for or against an earlier proposal to raise foreign auto import tariffs to 25 percent. And it has, in a way.
According to those familiar with the matter, the White House decided to postpone any major decisions after discussing a draft Commerce Department report on the impact of auto imports with trade reps. However, the administration doesn’t have forever to make up its mind. Nor does its trading partners, which could be the point.
You May Be Within Your Legal Rights to Strip Your Buyback Volkswagen Before Handing It Over
Volkswagen and Audi have begun buying back the thousands of 2.0-liter diesel cars sold involved in its emissions cheating scandal. The deal requires the company to offer buybacks to the 475,000 affected owners. However, the settlement does not carefully outline what condition those returned vehicles have to be in.
Some owners are taking that inch for the full mile and stripping their VWs down before returning them to the company to get their big fat check.
Trade War Watch 22: Obama Wags The Dog, Drags China In Front Of WTO Again In Ohio - Again
President Barack Obama will carry a familiar gift to election rallies in Ohio today.
“The Obama administration will announce a trade complaint against China today as President Barack Obama campaigns in Ohio, alleging impermissible subsidies of auto- and auto-parts exports that encourage outsourcing to China from the U.S.” an administration official told Bloomberg.
Hammer Time: Black Friday
I’m not the ‘new’ guy at TTAC. When someone starts talking to me about their 2010 C-Class or A8, my instinct is to find some darts, get a beer, and ignore the conversation. Most new cars really take the fun out of driving, and they cost way too much compared with almost everything else on the road. But there is one time during the year where ‘new’ makes me smile. That would be Black Friday. Here’s what I got.