Harley Davidson, a target of the EU retaliatory tariff for obvious reasons, decided to move their manufacturing of EU-bound motorcycles rather than pass along the additional 25% tariff to the consumer. Additionally, since that won't happen until the end of the year, they are eating a $50m potential loss thanks to Trump. That's also a potential permanent loss of jobs in the Milwaukee area.
In response, an enraged Dopey Donald criticized them for "raising the white flag" -- as if they were even a soldier in the first place.
This is just the tip of the iceberg. If Dopey Donald expected companies -- and countries -- to "wait and see" what his unhinged administration has in store for them, or simply just sit back and take the punches, he's sorely mistaken. They're going to do what's best for themselves immediately.
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Additionally, today China lowered their tariffs to Asian countries on soybeans, from 3% to 0%, which has the effect of freezing out American soybeans, which are now more expensive due to their retaliatory tariff. Since China is the largest market of American soybeans, this may have the effect of farmers a) taking a massive loss this year; and b) the same farmers deciding to move onto other crops, thus decimating the entire American soybean market.
Trade wars are so easy to win!
In response, an enraged Dopey Donald criticized them for "raising the white flag" -- as if they were even a soldier in the first place.
This is just the tip of the iceberg. If Dopey Donald expected companies -- and countries -- to "wait and see" what his unhinged administration has in store for them, or simply just sit back and take the punches, he's sorely mistaken. They're going to do what's best for themselves immediately.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~
Additionally, today China lowered their tariffs to Asian countries on soybeans, from 3% to 0%, which has the effect of freezing out American soybeans, which are now more expensive due to their retaliatory tariff. Since China is the largest market of American soybeans, this may have the effect of farmers a) taking a massive loss this year; and b) the same farmers deciding to move onto other crops, thus decimating the entire American soybean market.
Trade wars are so easy to win!
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