Your tax dollars at work?
By Gary S. Vasilash
Although the report produced by the U.S. Dept. of Commerce in February 2019 about the importance of imposing tariffs on imported motor vehicles and components, “The Effect of Imports of Automobiles and Automobile Parts on the National Security,” had been kept under wraps by the Trump Administration and was released in redacted form last week, the rationale for keeping this report, which could have resulted in tariffs on the 25 to 35% level (remember: the consumer pays the additional costs, not the manufacturer), on a shelf somewhere probably had a little something to do with its level of stupidity.
Consider just this line:
“While the U.S. defense industrial base is dependent on the American-owned automotive sector for the development of high-tech products and capabilities, the U.S. commercial automotive industry is unable to survive solely by supplying the DOD.”