Fox News: Germans Upset over Trump’s 25 Percent Tariff on Cars

RUSH EXCERPT:

FLOCK: “It has overshadowed the cars sadly, Neil. The president’s tweet suggesting a 25% tariff on all cars that come from Europe. Who is upset about that? The Germans. That’s the new Mercedes amg. That sells for $112,000. If they were to pass along a 25% tariff on this vehicle to the consumer, that would be an increase in price of $28,000. Some would argue if you got $112,000 to start, to buy a car, maybe you have another $28,000. So maybe it wouldn’t hurt things. Maybe it would lead you to buy a Chevy corvette instead if you wanted a sports car. This is a reasonable argument. But it’s certainly something that figures to raise prices across the board. Even the U.S. Automakers say, I don’t know that raising tariffs is a good idea. This auto industry is so intertwined, I don’t think that’s good for anybody because if car prices go up in general, none of us are going to be happy.”