I welcome Professor Richard Epstein. He writes for the Civitas Institute with regard to a trade war (maybe that's too strong a term, but I'll let Richard correct me) between the United States and the European Union. Richard teaches law at New York University and the University of Chicago, and he comes to us now from traveling in the midwest.
On the American side, “major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways,” writes Reuters, “but all of them lead to higher prices, fewer choices of models, or limits on features, industry experts say. Trump announced 25% tariff on car and auto parts on Wednesday, sending global automakers shares down and raising fears of job losses in big auto exporting countries.”
Let's focus on Germany. The 25% tariffs on automobiles. Is this meant to be punitive? Is it meant to be constructive? There are remarks that it's meant to bring jobs home. However, they're already many jobs in this country run by foreign carmakers.
I'm thinking of Toyota and Honda and Mercedes. We want more of them. What is the end of this of this salvo from the administration?
Watch the full conversation above, or listen to an audio version below:
LINKS:
“Transatlantic Trade War Produces No Winners” by Richard Epstein at Civitas Institute
Share this post