Author Topic: Trump White House Wants Direct Control Over Where Cars Are Made  (Read 515 times)

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Offline kevindavis007

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Trump White House Wants Direct Control Over Where Cars Are Made
« on: October 30, 2019, 01:45:39 pm »

The Trump administration wants to dictate how and where global auto companies make cars and parts to secure duty-free treatment under the new Nafta -- in its most direct intervention yet to manage trade and production, according to people familiar with the effort.


The issue is being discussed between Trump administration officials, congressional staff, and domestic and foreign auto makers in the context of the legislation that lawmakers will vote on for the trade deal to take effect. The White House wants specific language that would allow it to unilaterally administer the production rules for companies.


The U.S.-Mexico-Canada Agreement, signed by President Donald Trump and his counterparts in November 2018, is still awaiting approval from the U.S. Congress. The White House has touted the new production rules for the auto sector as one area of the deal that’s most beneficial to America.

Source: https://www.bloomberg.com/news/articles/2019-10-29/trump-white-house-wants-direct-control-over-where-cars-are-made

If true, bad idea..
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Offline IsailedawayfromFR

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Re: Trump White House Wants Direct Control Over Where Cars Are Made
« Reply #1 on: October 31, 2019, 01:27:58 pm »
Just a hit piece.

From article:
The push comes amid Trump’s tariff-led assault on supply chains that run through China. It illustrates how much his administration has drifted from Republicans’ free-market ways and is willing to employ the sort of coercive tools used in command economies like China to force domestic production.

The first salvo was fired by the Chinese when it imposed a 25% tariff on US made autos while the US had only a 2.5% tariff on Chinese made autos.  Many other tariffs by China had been put in place on US goods as well.

Trump returned the fire and that is considered coercive and somehow illegitimate?

Why did the article not point that out?

Could Bloomberg be somewhat partisan?
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington