Discover and read the best of Twitter Threads about #tariffs

Most recents (10)

Thread on #auto #tariffs I'm going to make you wiser then the pundits.
In 2016, I had a ? for my analysts: "Will a 25% tariff on imported vehicles and assorted vital components cost American consumers 45 Billion a year, 5,800 per vehicle?" I've distilled their answer, let's begin
The purpose of tariffs is not to make products more expensive for consumers, it is to change the economics of  companies offshoring and to resolve unfair practices overseas and tariffs.
The supply chains of the auto industry go all over the globe in search of cheap labor, lax environmental laws, and all the other dastardly ways to improve profits. Almost all of the US component industry has migrated to Mexico and China.
Read 35 tweets
The Suffocation of Democracy

By: Christopher R. Browning

THREAD✔
1/
As a historian specializing in the #Holocaust, #Nazi Germany, and #Europe in the era of the world wars, I have been repeatedly asked about the degree to which the current situation in the United States resembles the interwar period and the rise of #fascism in Europe.
2/
I would note several troubling similarities and one important but equally troubling difference.

In the 1920s, the US pursued #isolationism in foreign #policy and rejected participation in international organizations like the League of Nations.
3/
Read 109 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
THREAD

Can #Trump Terminate Trade Agreements Without Congressional Approval

#NAFTA
1.Congressional approval has been a central requirement for the #UnitedStates to enter into all of the international trade deals currently in force

#NAFTA
2.#UnitedStates is party to 14 international free trade agreements with 20 countries. President negotiates free trade agreements with foreign countries and submits to Congress legislation that would implement the agreements.

#NAFTA
Read 22 tweets
In light of today US-China tariff escalation, worth highlighting some of the incredible details in @SenRonJohnson's letter to the Administration about harm from 232/301 #tariffs to #Wisconsin companies. #TariffsAreTaxes #TariffsareBAD bit.ly/2Lm4Nr6 1/X
@SenRonJohnson From @CV_Bean in Menomonie, Wisconsin: “CVB has cancelled over $3.5 million in capital purchases for 2018 since the retaliatory tariff was applied, as well as scrapping over $15 million in expansion plans for 2019."
@SenRonJohnson @CV_Bean More from @CV_Bean: "Kidney bean suppliers in Canada, China & Argentina will raise their prices, too, slightly below the US base price plus the tariff. The end result is that our competitors will increase their profit margins while US farmers can’t sell their beans.” 3/X
Read 14 tweets
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
Thread: What keeps me up at night about @realDonaldTrump trade policy and tariffs on steel and aluminum #tariffs
“It feels like 2008 again.”

This is what I heard during a phone call with my family in Michigan last night.
My family started a tool and die company in Michigan in 2002 in a tiny garage with rented equipment. Today they employ roughly 40 people.
Read 9 tweets
(1) The #TrumpRally in Moon, PA tonight will be LIT.🔥🔥🔥 I was going to do just a #PhotosThread (an offshot of my regular pinned thread) but I'll add some commentary about the fascinating Special Election race, too. #VoteSaccone vs the little lamb.
(2) GA Rep Karen Handel who won her seat by special election, is speaking at the rally. Great to see her! #LaughingMyOssoff #MAGA
(3) There's so much excitement to #MAGA in PA. Everyone wants a photo with @Saccone4PA18, including @GOPChairwoman Ronna McDaniel.

I'm confident we will win on Tuesday but don't get complacent. Send a strong message to the rest of America!
Read 37 tweets
🇺🇸 In a letter to @SecretaryRoss the CEO of Kaiser aluminum says it best,
“If you put us on a level playing field.. our employees can compete successfully against any counterpart in the world and will embrace the opportunity” Thank you @realDonaldTrump #AmericaFirst
Our @DeptofDefense depends on aluminum the Kobe Scandal proved that some countries FAKE the quality of their product, that’s too large a risk #BuyAmerican #AmericaFirst
Full report by here:
commerce.gov/sites/commerce…
Read 4 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!