President Donald J. Trump has been talking about tariffs for a very long time, even as a businessman back in the ’80s.
Back then he lamented that the US was being hard done by Japan, with all the Japanese cars and VCRs that Americans were buying, and yet the reverse was not true. (Never mind that the Japanese were probably buying Apple IIs and Macintoshes and other goods.)
Sticking tariffs on now isn’t suddenly going to reverse things, or force US companies to ramp up domestic production to create products that are the envy of the world. It’s not a case of making America competitive again because, at least on the automotive front where we can make some considered comment, what was created for the US market just isn’t going to fly in a lot of non-US markets.
Please click on through to read the rest—it’s in simple language, and outlines how the Big Two US car makers won’t rise to the challenge.
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