Detailed text transcripts for TV channel - MSNBC - 20180726:15:13:00
25% tax gets left out of the conversation. this goes back to president johnson, right? in a dispute with germany over agricultural exports that were being blocked by u.s. exports to germany being blocked. president johnson imposed what we call the chicken tax in retaliation saying vw, you can't sell trucks here anymore. we've had the ban on trucks. in the meantime, detroit has built a huge cash machine, basically all of the profits coming from selling full size pickups. ford f series, chevy silverado. that's where so much comes from. enough to subsidize losses in car lines that are starting to...
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