{"id":36256,"date":"2018-07-27T07:15:23","date_gmt":"2018-07-27T12:15:23","guid":{"rendered":"http:\/\/olduvai.ca\/?p=36256"},"modified":"2018-07-27T07:15:23","modified_gmt":"2018-07-27T12:15:23","slug":"tariffs-barriers-and-subsidies","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=36256","title":{"rendered":"Tariffs, Barriers and Subsidies"},"content":{"rendered":"
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Tariffs, Barriers and Subsidies<\/a><\/h3>\n<\/div>\n<\/header>\n
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Ren\u00e9 Magritte Empire of light <\/b>1950<\/center><\/p>\n

There\u2019s not a shade of a doubt that I\u2019m not an expert on tariffs, trade barriers and subsidies, and I\u2019d be the last to suggest any such thing. But I can read. Still, do correct me if I\u2019m wrong anywhere. The whole field is so complicated -no doubt often on purpose- that there\u2019s always the possibility that there are side issues involved for which one would need to actually be an expert.<\/p>\n

But still. Now that EU chief Jean-Claude -\u2018When it becomes serious, you have to lie\u2019- Juncker is due to arrive at the White House soon, I looked at some of the items involved. Last night Trump said that all tariffs, barriers and subsidies should be dropped between the EU and US. Why the TTiP doesn\u2019t come anywhere close to that is anyone\u2019s guess. Too complicated for the boys and girls?<\/p>\n

In at least some major fields, Trump does seem to have a point or two. The US has a 2.5% tariff on European cars, while the EU slaps a 10% tariff on American cars. That\u2019s 4x as much, or a 300% difference. Whoever said yes to that? Sure, the US has a 25% tariff on EU pickups, but nobody in Europe drives pickups, hence they don\u2019t produce them, so that\u2019s not consequential.<\/p>\n

So what had Trump done? He\u2019s threatened a 20% tariff on Beemers and Mercs, and added -for entertainment value only- that he doesn\u2019t want to see any of them in on Fifth Avenue anymore. Cue EU carmakers warning about the cost to American customers.<\/p>\n

That\u2019s all fine and well, but those tariffs on personal cars are still 300% higher. So push your European government to make them equal. Easy as -American- pie. How about zero? I can see where Trump\u2019s coming from. Issuing warnings to the American public about BMW\u2019s getting more expensive doesn\u2019t look entirely on the up and up.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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Tariffs, Barriers and Subsidies Ren\u00e9 Magritte Empire of light 1950 There\u2019s not a shade of a doubt that I\u2019m not an expert on tariffs, trade barriers and subsidies, and I\u2019d be the last to suggest any such thing. But I can read. Still, do correct me if I\u2019m wrong anywhere. The whole field is so […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[21014,21015,9560,279,1249,7007,18001,3318,13924,1052,9937,5177,10522,1132],"class_list":["post-36256","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-barriers","tag-cap","tag-carmakers","tag-eu","tag-farmers","tag-juncker","tag-macron","tag-merkel","tag-raul-ilargi-meijer","tag-subsidies","tag-tariffs","tag-the-automatic-earth","tag-trump","tag-ttip"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36256"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36256\/revisions"}],"predecessor-version":[{"id":36257,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36256\/revisions\/36257"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}