Page: 1


Profile Information

Gender: Do not display
Hometown: West Berlin, NJ
Home country: US
Current location: Ledyard, CT
Member since: Wed Dec 16, 2015, 03:14 PM
Number of posts: 5,602

Journal Archives

Trump rejects EU offer to eliminate auto tariffs

President Donald Trump rejected an offer from the European Union to eliminate tariffs on cars if the U.S. did the same in an interview with Bloomberg on Thursday.

Hours earlier, EU Trade Commissioner Cecilia Malmstrom told the European Parliament's trade committee that the EU is "willing to bring down even our car tariffs to zero, all tariffs to zero, if the U.S. does the same."

Trump said that the offer is "not good enough," adding that European "consumer habits are to buy their cars, not to buy our cars."

Currently, the U.S. imposes a 25 percent tariff on light trucks and pickups and 2.5 percent on smaller cars. The EU imposes a 10 percent tariff on all passenger vehicles.

After reading this I am left to wonder what Trump's ultimate goal is with respect to EU and auto tariffs. The removal of all auto tariffs in both directions is what we should be aiming for. The EU has offered so why did Trump reject the offer?
Posted by FreeWheelBurning | Fri Aug 31, 2018, 08:46 AM (9 replies)

Parts Shortages Crimp U.S. Manufacturers

Suppliers of everything from engines to electronic components aren’t keeping up with a boom in U.S. manufacturing thanks to strong economic growth, lifting demand in markets such as energy, mining and construction. As a result, some manufacturers are idling production lines and digesting higher costs.

Many industrial companies have reported strong sales and profits in recent weeks, and the pace of factory hiring has more than doubled this year compared with the first seven months of 2017.

However, deliveries from suppliers have slowed for 22 consecutive months through July, according to the latest survey of U.S. manufacturers by the Institute for Supply Management. More than one-quarter of respondents said it took longer for materials to arrive in July than June. Machinery was the hardest-hit sector.

These bottlenecks were evident in the earnings reports manufacturers delivered over the past few weeks.

I thought this was an interesting article about the challenges manufacturers are having trying to keep up with demand. This should mean either more jobs or higher wages as suppliers attempt to meet demand.
Posted by FreeWheelBurning | Fri Aug 10, 2018, 08:43 AM (3 replies)
Go to Page: 1