HOLY SMOKES

Report: Trump Pushing for 25 Percent Auto Tariffs Despite Adviser Warnings

President Donald Trump is pushing for 25 percent tariffs on foreign-made automobiles, despite warnings from advisers that the move could have severe economic and political consequences, sources told The Washington Post. Last year, the U.S. imported nearly $200 billion worth of automobiles. “There are some in the economic community who view this as the bright line,” said Douglas Holtz-Eakin, a former director of the Congressional Budget Office told the newspaper. Trump has been telling advisers to trust his business skills. “Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking?” he tweeted Wednesday. Trump is scheduled to meet with European Commission President Jean-Claude Juncker Wednesday, and the pair will discuss trade, the president said. Currently, the European Union has a 10 percent tariff on automobiles imported from the U.S., and the U.S. has a 2.5 percent tariff on those imported from Europe.