The mad mercantilist is at it again.
President Donald Trump has tweeted another tariff threat, this time targeting imported autos from the European Union.
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.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
-RW
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