Just days after imposing massive trade tariffs on Canada, China, and Mexico, Idiot-in-Chief Donald Trump is now backing down on some of those restrictions, deciding they won’t apply to the automotive industry.
“When President Donald Trump declared in the House Chamber this week that executives at the nation’s top automakers were ‘so excited’ about their prospects amid his new tariff regime, it did not entirely reflect the conversation he’d held with them earlier that day” according to CNN.
“Ford Motors, GM and Stellantis argued on that call that the new 25% tariffs the president applied on Canada and Mexico earlier this week could disadvantage their American-based businesses in favor of foreign carmakers — appealing directly to Trump for a reprieve, administration officials said.”
“The message seemed to break through. A day later, after the automakers talked to Trump again, the White House announced a one-month exemption from the tariffs for autos coming into the United States.”
Tariffs on, tariffs off. It’s hard to keep up with all the bullshit and reversals, especially since it appears no one in the Trump administration knows what in the hell is subject to tariffs and what isn’t. In other words, it’s a typical Trump clusterfuck, which is bad for Americans because when Donnie says one thing and does another, it sends the stock market into freefall and gives the impression that no one knows what the hell is actually going on.