OK, folks, this is potentially very serious: Trump may be about to impose tariffs on European cars in the name of national security. This would be a disaster on multiple levels 1/https://www.handelsblatt.com/today/politics/collision-course-us-threat-to-germanys-car-sector-bears-greater-economic-risk/24007884.html?ticket=ST-1227376-GL5ObrthbQaLLDHI7JSq-ap3 …
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It would be really disruptive, so much so that the US auto industry is opposed -- it would mess up their supply chains, while providing little in additional sales 2/
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And the abuse of the national security loophole -- this is absurd, and everyone knows it – would basically mean that the US is showing contempt for trade agreements 3/
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And, of course, these are our most important democratic allies – or possibly, in a few months's time, former allies 4/
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Maybe instead of these aimless trade wars, there would be merit in signing a few multilateral trade agreements with our current and potential allies that *cut* tariffs and raised standards for workers, the environment and IP. (And push back on Russia and China) #TPP #Obama
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