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In reply to the discussion: Trump announces 25% tariffs on all cars 'not made in the United States' [View all]lapfog_1
(30,737 posts)and it will kill our automotive exports.
And people will simply stop buying / leasing cars.
If they think it will make the US manufacturers NOT raise their own prices for domestic cars, they don't understand basic economics ( the seller will charge as much as the market will allow ) and if they think it will raise enough money for the government to even come close to the lost tax revenue from the resulting recession, they would be simply out of their minds.
What it WILL do is allow Trump and the repukes to a) quit discussing "signalgate", b) crush the stock market so billionaires can buy in cheaply, and c) allow Trump and the republicans to pass a tax cut for billionaires claiming "We WILL have so much revenue from tariffs that we don't need to so much income and capital gains tax income - not to mention we are killing off government functions and services so we don't need so much money.
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