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Author Topic: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS  (Read 2199 times)

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Offline kevindavis007

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TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« on: Sunday, Jan 20, 2019 05:08 pm »

U.S President Donald Trump is reported to be considering the implementation of a 25% tariff on the purchase of all cars built outside of the USA, Canada and Mexico.

The motivation for the proposed tax increase appears to primarily be centred around strengthening the President’s position in ongoing trade deals, as well as pushing more Americans towards American-built cars.

Currently, the tariff on purchasing imported vehicles in the U.S sits at 2.5%. Were this figure to be raised to the proposed 25%, the estimated increase in price on non-American cars would be - on average - $6,000. Of course, for more premium cars this number would be significantly higher. For example, with the new tax in place, the cost of purchasing McLaren’s entry-level sports car - the 570S - would increase by over $40,000.

Read More: https://drivetribe.com/p/trump-considering-adding-a-25-tax-L1IpeIbvTZSpY1v3EFy9Sw?fbclid=IwAR0EtZUjuE5MGNMaYAAqZqPL0sHkZ7o9Gc6_m0ClVBepscU5_gaxEiTWK6k&iid=IaZv9AJ6TmaQY3SLff19fQ&utm_campaign=main+&utm_medium=fb&utm_source=organic

Bad idea..
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Offline Hoodat

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #1 on: Sunday, Jan 20, 2019 05:16 pm »
Quote from: kevindavis on Sunday, Jan 20, 2019 05:08 pm
U.S President Donald Trump is reported to be considering the implementation of a 25% tariff on the purchase of all cars built outside of the USA, Canada and Mexico.

So now GM products will suck even more.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

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Offline goodwithagun

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #2 on: Sunday, Jan 20, 2019 05:20 pm »
What makes a car non-American?
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Offline kevindavis007

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #3 on: Sunday, Jan 20, 2019 05:23 pm »
Quote from: goodwithagun on Sunday, Jan 20, 2019 05:20 pm
What makes a car non-American?


Name of the company I guess.
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Offline Hoodat

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #4 on: Sunday, Jan 20, 2019 05:23 pm »
It says all cars built outside of the US, Mexico, or Canada.  That includes GM cars built in China.  It does not include Toyotas made in Indiana.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Jim Jones was a socialist Democrat.

Offline goodwithagun

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #5 on: Sunday, Jan 20, 2019 05:26 pm »
Quote from: Hoodat on Sunday, Jan 20, 2019 05:23 pm
It says all cars built outside of the US, Mexico, or Canada.  That includes GM cars built in China.  It does not include Toyotas made in Indiana.

What about investments? What if most investments into a [begin huge air quote] non-American car company [end huge air quote] are by Americans?
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Offline kevindavis007

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #6 on: Sunday, Jan 20, 2019 05:29 pm »
Quote from: Hoodat on Sunday, Jan 20, 2019 05:23 pm
It says all cars built outside of the US, Mexico, or Canada.  That includes GM cars built in China.  It does not include Toyotas made in Indiana.


Either way it is wrong..
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Join The Reagan Caucus: https://reagancaucus.org/ and the Eisenhower Caucus: https://EisenhowerCaucus.org

Ronald Reagan: “Rather than...talking about putting up a fence, why don’t we work out some recognition of our mutual problems and make it possible for them to come here legally with a work permit…earning here they pay taxes here.”

Offline Hoodat

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #7 on: Sunday, Jan 20, 2019 05:30 pm »
Quote from: kevindavis on Sunday, Jan 20, 2019 05:29 pm

Either way it is wrong..

You must be one of those free market Conservative types.  Better get on board the Trump Train.  Conservatism is so 'yesterday'.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Jim Jones was a socialist Democrat.

Offline IsailedawayfromFR

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #8 on: Tuesday, Jan 22, 2019 09:12 pm »
Quote from: Hoodat on Sunday, Jan 20, 2019 05:23 pm
It says all cars built outside of the US, Mexico, or Canada.  That includes GM cars built in China.  It does not include Toyotas made in Indiana.
what then is the definition if "built"?

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Offline Frank Cannon

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Re: TRUMP CONSIDERING ADDING A 25% TAX TO ALL NON-AMERICAN CARS
« Reply #9 on: Tuesday, Jan 22, 2019 09:20 pm »
Quote from: Hoodat on Sunday, Jan 20, 2019 05:30 pm
You must be one of those free market Conservative types.  Better get on board the Trump Train.  Conservatism is so 'yesterday'.

There is no such thing as a free market. Govt' have been involved products being imported/exported for as long as anyone can remember.
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