EU says it will hit back at Donald Trump with tariffs on Harley Davidsons, Bourbon whiskey, and Levi

[EasyAce]

By Jon Stone, Shehab Khan, The Independent
https://www.yahoo.com/news/eu-says-hit-back-donald-184900613.html

The European Union is to slap tariffs on stereotypical American products such as Harley Davidson motorbikes, Levi’s blue jeans and Bourbon whiskey in retaliation for Donald Trump’s new import tariffs, in a major escalation of the brewing trade war between the two powers.

European Commission president Jean-Claude Juncker told German television that the EU would not “put our head in the sand” after Mr Trump announced the introduction of a 25 per cent “America First” import tariff on steel and 10 per cent on aluminium.

“We will put tariffs on Harley-Davidson, on bourbon and on blue jeans – Levis,” Mr Juncker said on Friday speaking on German television.

“We are here and they will get to know us. We would like a reasonable relationship to the United States, but we cannot simply put our head in the sand" . . .

[LMAO]

This is only the beginning

It appears the president is doubling down on this

[INVAR]

Trade wars always lead to misery and hot wars.

[Night Hides Not]

Trade wars always lead to misery and hot wars.

Trump must have slept through his history classes.

[Weird Tolkienish Figure]

Congress could take the tariff power out of the President's hands if they wanted to.

https://en.wikipedia.org/wiki/Reciprocal_Tariff_Act

[edpc]

European Commission president Jean-Claude Juncker told German television that the EU would not “put our head in the sand” after Mr Trump announced the introduction of a 25 per cent “America First” import tariff on steel and 10 per cent on aluminium.

Americans buy things every day that contain steel and aluminum.  His response is to target niche products?  How imposing.   

[Concerned]

Since the President believes trade wars are good and easy to win, he must be thrilled with this news. 

[Suppressed]

Americans buy things every day that contain steel and aluminum.  His response is to target niche products?  How imposing.   

Shoukd put it on movies.

[EasyAce]

Congress could take the tariff power out of the President's hands if they wanted to.

https://en.wikipedia.org/wiki/Reciprocal_Tariff_Act

@Weird Tolkienish Figure
They could . . . but considering how much of their once customary prerogatives they've ceded to the executive branch in recent years,
what would you say the odds of them doing so might really be?

[EasyAce]

Americans buy things every day that contain steel and aluminum.  His response is to target niche products?  How imposing.   

Apparently, those niche products aren't unpopular in Europe.

And who's to say it'll stop there?

[edpc]

Apparently, those niche products aren't unpopular in Europe.

And who's to say it'll stop there?

I doubt that it will, but it’s a pretty weak opening salvo.

[ABX]

Europe is Harley's biggest growth market.https://www.forbes.com/sites/greatspeculations/2014/11/10/harley-davidson-geared-for-growth-in-europe/#6472ef66725b

[truth_seeker]

Europe is Harley's biggest growth market.https://www.forbes.com/sites/greatspeculations/2014/11/10/harley-davidson-geared-for-growth-in-europe/#6472ef66725b

Article is over 3 years old.

[DB]

Trade wars reduce trade.

Everyone is a loser in trade wars.

[roamer_1]

(Irish) People Try Bourbon For The First Time
! No longer available

[edpc]

(Irish) People Try Bourbon For The First Time

They probably wouldn't like the Knob Creek 120 proof I buy.

[INVAR]

Trade wars reduce trade.

Everyone is a loser in trade wars.

Nope.

Trump and his fawning supporters are convinced we will "win".


Reminds me of when Hitler convinced himself that he could 'win" more 'living space' for Germany by invading and conquering Russia in 4 months .

[EasyAce]

Nope.

Trump and his fawning supporters are convinced we will "win".


Reminds me of when Hitler convinced himself that he could 'win" more 'living space' for Germany by invading and conquering Russia in 4 months .

@INVAR
Or when Sonny Liston trained himself to go only two or three rounds at most because he was convinced he could knock that upstart blabbermouth from Louisville
into the middle of next month some time in those first three rounds with one meathook tied behind his back. Yep. He sure showed that little punk soon to
be known as . . . Muhammad Ali . . .

[WingNot]

The crypto-Economists of TBR spreading the doom and gloom of a non existing trade war should be ignored.  They are the Paul Krugmans of the site. 

[NavyCanDo]

Trump must have slept through his history classes.

What the Hell is he trying to do? First China, and now the EU.  The damage China alone can do to our economy in response is huge. One example, the majority of airplanes in Boeing's backlog are being bought by China. Orders that can be canceled and given to Airbus.

[txradioguy]

Americans buy things every day that contain steel and aluminum.  His response is to target niche products?  How imposing.   

Levis aren't a niche product in Europe.  Neither is bourbon.  It's a 1.3 billion Euro a year business with distilleries in the U.S.

[txradioguy]

The crypto-Economists of TBR spreading the doom and gloom of a non existing trade war should be ignored.

No what we are is people that study History...unlike the people poo posing what Trump is doing and the reactions to it.

Those that don't learn from history...

They are the Paul Krugmans of the site.

Only Keynesian economists here are the ones cheering Trump's infrastructure spending....his massive increase of the deficit and his jump back to the 30's with the start of a tariff war.

In short...not the people your lame insult were aimed at.

[corbe]

‘No country exclusions’ for steel, aluminum tariffs, White House trade adviser Peter Navarro says

 By David Sherfinski - The Washington Times - Sunday, March 4, 2018

The White House’s director of the office of trade policy on Sunday said there will be no country “exclusions” at this point for new tariffs on steel and aluminum imports.

“As soon as you exempt one country, then you have to exempt another country,” Peter Navarro, director of the White House Office of Trade and Manufacturing Policy, said on CNN’s “State of the Union.”

“Canada is 40 percent of the market,” he said. “If you exempt Canada, then you have to put big, big tariffs on everybody else.”

“This is a measured, targeted approach,” he said.

The head of the World Trade Organization, among others, expressed concern about the move, saying “the potential for escalation is real” and that a trade war isn’t in anyone’s interest.

<..snip..>

https://www.washingtontimes.com/news/2018/mar/4/peter-navarro-says-no-country-exclusions-steel-alu/

[INVAR]

Trade wars like the kind Trump just ignited have unintended consequences that prove disastrous for the nation stupid enough to start them.

In the short term, tariffs are just taxes imposed on American consumer.  They are the ones who have their choices limited and taxed.  The targeted nations do not pay anything.

They just close off our ability to import our goods to their markets.

Short term pain - long term disaster.

[edpc]

‘No country exclusions’ for steel, aluminum tariffs, White House trade adviser Peter Navarro says

 By David Sherfinski - The Washington Times - Sunday, March 4, 2018

The White House’s director of the office of trade policy on Sunday said there will be no country “exclusions” at this point for new tariffs on steel and aluminum imports.

“As soon as you exempt one country, then you have to exempt another country,” Peter Navarro, director of the White House Office of Trade and Manufacturing Policy, said on CNN’s “State of the Union.”

“Canada is 40 percent of the market,” he said. “If you exempt Canada, then you have to put big, big tariffs on everybody else.”

“This is a measured, targeted approach,” he said.

The head of the World Trade Organization, among others, expressed concern about the move, saying “the potential for escalation is real” and that a trade war isn’t in anyone’s interest.

<..snip..>

https://www.washingtontimes.com/news/2018/mar/4/peter-navarro-says-no-country-exclusions-steel-alu/

That's interesting, because Commerce Secretary Wilbur Ross was on MTP.  He hedged on whether there would be exemptions or if Trump would actually sign a tariff order this week.