General Motors Bellyaching About Tariffs.....
General Motors Bellyaching about Tariffs.
That is good.
The more bellyaching the better.
The entire point of tariffs is to achieve Bellyaching. The way you know tariffs are working is when you have full bellyaching on display.
General Motors is concerned that Trump is about to smack them with 25% tariffs on Imported cars and parts.
But if General Motors is really concerned they can just make their American cars in America and then the tariff is $0.00. Problem solved. They can control the entire thing.
The problem is our great American car company makes (some) cars in Communist Red China. Then they want to import those cars back into America for sale. That is a very misguided idea. Tariffs help correct that poor behavior.
Just make your American cars in America. Simple. Not complicated at all.
And remember.......In 2008 when General Motors was bankrupt it wasn't the communist Chinese who came to the rescue. It was the American Tax Payer. Making cars in China is a pretty crappy thank you for saving their azz.
As far as the fear mongering about job loses.....Yes their will be job loses with tariffs.......They will be in China when those factories close and are brought back to the United States.......Where they belong.
https://www.nytimes.com/2018/06/29/business/automakers-tariffs-job-cuts.html
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