Trump Threatens 20% Tariff On All Car Imports From the EU

The mad mercantilist is at it again.

President Donald Trump has tweeted another tariff threat, this time targeting imported autos from the European Union.

Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!

— Donald J. Trump (@realDonaldTrump) June 22, 2018

Such a tariff will, of course, hurt the U.S. auto buyers who prefer EU manufactured cars, will otherwise distort U.S. and  European economies, and lower the standard of living for all because of the distortions.

-RW