Automakers to Trump: Higher prices on vehicles from tariffs will cancel out tax cuts

[Ohiogal]

If you were lucky enough to get a tax cut.

WASHINGTON (Reuters) - An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.

https://www.reuters.com/article/us-usa-trade-autos-costs/automakers-to-warn-trump-of-45-billion-higher-vehicle-costs-if-tariff-imposed-idUSKBN1JM2LU?il=0

******** So much winning!

[Iliyah]

1. Thats why GOPers need to destroy benefits

that we the tax payers pay for, ie medicare, medical, ss, snap, et al.,

[jpak]

2. Oh - poor babees

My heart bleeds.

[no_hypocrisy]

3. Trump: No problem! I'll give you ANOTHER TAX CUT ! ! !

[Fullduplexxx]

4. The higher gas prices already did that

[onecaliberal]

5. Higher prices for food, gas, and healthcare has already done that. I didn't get a tax cut anyway.

[lagomorph777]

6. The Billionaire Tax Cuts? Who cares? We won't see a cut anyway.

[Freethinker65]

7. Trump will suggest reducing pay and benefits to auto workers. They make too much like teachers do.

But do not worry everyone else. Trump would never threaten your jobs, pay, and benefits....until he does. Hope you have saved enough because the safety nets will be gone and your IRAs will be down with the market, if not already eaten up by fees and bad advice from investment advisors that no longer are required to follow fiduciary rules (cannot have a nanny state you know. Buyer/investor beware). Whatever you do, do not get sick.

[redstatebluegirl]

8. Gosh what will it add to the cost of an S class Mercedes? How will we cope!!!!

Our teenager will have to settle for a C class! Sarcasm in case you didn't notice.