So President Trump wants to put a tariff on cars and good from Europe. Well the E.U. has responded by saying they’d put a tax of 25% on goods from the United States. Even Speaker Ryan says we shouldn’t do this.
Trump is out of control – neigh, he can’t be controlled. So that’s why we’re hearing about tariffs is simply trying to deflect from the other heinous acts being committed by the Trump Administration.
But here’s something interesting to ponder. Let’s take Volkswagen as an example – they have an auto plant in Chattanooga, TN – what will it do to them when the cars are here and in Mexico and all over the world. Would their corporate leadership suffer from a tariff – sure they would. But the effects in the U.S. would be awful.
Because think for a moment – particularly with the TN plant of Volkswagen – they depend on local suppliers too – hundreds of jobs too. So let’s say the VW plant has 5000 employees. When you extend this out to all the suppliers like tire companies, oil companies, parts like bulbs, wire, etc. All those people. Conservatively I’d say it would impact 20,000 or more just for that one auto plant. Imagine 20,000 pissed off people. It won’t be pretty.