Page 8 - Auto Tariffs News Today

Supporters and that has to do with immigrants and racial tensions. . >> ashley, i swear im coming to you, but first im going to do one of my favorite things, and that is to read your writing aloud dramatically. one of the promises the president made this week was a 10% middle income tax cut even though the argument is it cant be done. you write, the mystery tax cut is only the latest instance of the federal government scrambling to reverse-engineer policies to meet trumps sudden public promises ...

Agreement where canada will ease up on some of the ways that u.s. farmers can get into the canadian dairy market. that was what let this whole thing move forward. this thing came down right just before midnight. >> relief for dairy farmers in the midwest. >> yeah,big deal and when we talk about trade, a lot of the presidents base who said this trade war is not good for them. so theyre really happy this is now something that will benefit them potentially. the other piece is the u.s. in return is ...

Trade. and the pact caps automobile exports for the u.s. while protecting canada from auto tariffs threatened by president trump. this all comes after canada was left out primarily with the deal between the u.s. and mexico. and no surprise, the president has been tweeting about the deal this morning, saying its the deal of the century. walk us through, how do we get here? >> youre exactly right. remember, just last week, by the way, the president, president trump, didnt meet with justin trudeau ...

It comes about a month after the u.s. and mexico signed a trade deal between the two of them. at the time the administration threatened to leave canada out. leaders of the three countries are expected to sign the deal before the end of next month. the big sticking point here was dairy. canada will make some concessions for that. thats really been a source of frustration for the u.s. so in return, the united states will dial back the threat of new auto tariffs, although the details still arent cl...

The presidents trade reps told congress we are so far apart it looks like this deadline is going to come and go and we are going to be at loggerheads with canada. then, at the 11th hour, you know, trudeau was on the phone last night, 10:00, they struck a deal and now this is good for everybody. were going to have peter navarro from the -- he is the trade guy with the white house. he is going to be with us at 7:30 this morning. and i have got to figure he has a big smile on his face. ainsley: pro...

Up the process, the negotiations, the talk of the dairy tariffs and also the auto tariffs. can you talk about that aspect? >> so the administration has this tendency, they talk about the presidents threatened auto tariffs and hes threatened different tariffs. eboni: canada is a big aut aimporter. >> theyre our neighbors. it would devastate canada if there were auto tariffs. lets remember, it would also hurt american auto dealers and people in the industry. eboni: trades and exchange, normally wh...

Economy. a job is not necessarily a place you can go anymore to be taken care of. >> no one knows where their next gig is. thats whats really interesting in terms of where theres been bipartisanship on capitol hill with the issue of china. with regards to intellectual property because youre not hearing democrats criticize the white house on issue of intellectual property. youre hearing it from the agricultural sector, from farmers, trade union workers and in particular on a week we could have $2...

Department, and declaring he could beat president be a lincoln and a whole lot more. >> the democrats, they call themselves the resistance. they are resisting the will of the american people and trying to undermine the verdict of our democracy. they want to raid medicare to pay for socialism. fake news. fake news. fake news allies. >> mr. president, medicare is socialism. and a deal deadline. the president says hes optimistic canada will sign on to his new trade agreement to replace nafta by tod...

Medical equipment, they created new standards so we cant get our medical equipment. not that the standards are higher but theyre different. >> that is actually the wrong sound bite. it is not impossible. what he said was, europe going to zero is not enough on auto tariffs. id love to know, who is more than zero? not good enough. if it is not good enough, what kind of trade deal is the president looking for? in terms of the world trade organization, president trump is still very critical. >> i wo...

Leverage like china, and this will be drawn out past the elections. >> the eu is offering to scrap all tariffs on cars. the president wants more. the president continues to say what theyre doing to us on the auto tariffs is a killer. forgetting that, yes, they have a 10% tariff. we also impose a 2.5% tariff. we a 25% tariff on light trucks and suvs. what is he doing here? >> the other thing, what are the inputs that go into making the cars in the u.s.? that is the big issue. the auto stocks, gm ...