1/ GM steps in to help fight COVID-19. Remember, GM makes cars
GM agrees to learn to make VENTILATORS - a complex machine to aid the human respiratory system.
March 31: GM learns Trump still has 25% trade war tariffs on ventilator PARTS.
By @KatyStech
wsj.com/articles/gm-se…
GM agrees to learn to make VENTILATORS - a complex machine to aid the human respiratory system.
March 31: GM learns Trump still has 25% trade war tariffs on ventilator PARTS.
By @KatyStech
wsj.com/articles/gm-se…
2/
GM has never made ventilators before.
There is no reason why GM should have had any idea whether ventilator parts were subject to Trump's Section 301, 25% tariffs.
Prior to March 2020, GM made cars. Not ventilators.
GM has never made ventilators before.
There is no reason why GM should have had any idea whether ventilator parts were subject to Trump's Section 301, 25% tariffs.
Prior to March 2020, GM made cars. Not ventilators.
3/
On Mar 20, 2020, Trump's USTR wrote
"the US Trade Representative granted immediate exclusions from the Section 301 tariffs for all critical medical products weeks ago"
Not all "critical medical products."
Without parts, a ventilator can't exist
wsj.com/articles/light…
On Mar 20, 2020, Trump's USTR wrote
"the US Trade Representative granted immediate exclusions from the Section 301 tariffs for all critical medical products weeks ago"
Not all "critical medical products."
Without parts, a ventilator can't exist
wsj.com/articles/light…
4/
Trump applied trade war tariffs to over $100 billion of imports of PARTS from China.
Many of those parts are used by American companies to make products - like ventilators - to fight COVID-19.
piie.com/blogs/trade-an…
Trump applied trade war tariffs to over $100 billion of imports of PARTS from China.
Many of those parts are used by American companies to make products - like ventilators - to fight COVID-19.
piie.com/blogs/trade-an…
