Commerce Secretary Wilbur Ross has completed the section 232 investigation on the auto industry, reviewing the sector as a vital economic interest for continued national security.
The content of the investigative finding is unknown. The Commerce Department has privately delivered the 232 report directly to the White House. However, with the possibility of the report empowering President Trump to implement 20 to 25% import auto tariffs industry executives are proactively going bananas.
An important aspect here is that the USMCA (U.S., Mexico and Canada) agreement exempts the trilateral North American pact from any auto tariff fear. If the vehicle consists of 75% North American (USMCA) content, there’s no tariff.
Posted in Auto Sector, Big Government, Donald Trump, Economy, European Union, Japan, media bias, NAFTA, President Trump, Trade Deal, Uncategorized, USA, USMCA
Today President Trump is delivering a speech in Florida to Miami’s Venezuelan community. The speech is being delivered at Florida International University in Miami and the anticipated start time is approximately 4:25pm EST.
UPDATE: Video Added
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.
This thread will refresh daily and appear above the Open Discussion Thread.
President Trump Twitter @POTUS / Vice President Pence Twitter @VP
Sarah H Sanders Twitter @SHSanders45
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †