China 25% tariffs

[denverpilot]

Nate, holding your feelings in like that can be unhealthy. Let it out, man... tell us how you really feel.

LOL. It’s why I’ve done all business I can with a credit union for 20 years. One real “bank” account and it’s a local bank. Also why I’m debt free and have no plans to ever take out loans ever again. Might limit some business opportunities but I can’t stand banks.

The big banks spend millions studying how to harm their own customers. Makes no sense to me to do business with them at all whenever it can be avoided. Doing business with someone who’s business goal is to harm you, is pretty much the definition of stupid.

They even know game theory will drive people to choose bad options. Here, let me give you a “score” for how big a sucker you are and you try to raise your “credit score” so I can sell you more debt! LOL.

It’s amazing how easy all of our little pea brains are to manipulate.

When you become attuned to it you start to notice that roughly 30-40% of all advertising is selling you a loan of some sort along with the product if the ad isn’t for a loan to begin with.

Amazing how addicted to debt the country is.

 

[DaleB]

Remind me never to tell you where I work.

 

[James331]

LOL. It’s why I’ve done all business I can with a credit union for 20 years. One real “bank” account and it’s a local bank. Also why I’m debt free and have no plans to ever take out loans ever again. Might limit some business opportunities but I can’t stand banks.

The big banks spend millions studying how to harm their own customers. Makes no sense to me to do business with them at all whenever it can be avoided. Doing business with someone who’s business goal is to harm you, is pretty much the definition of stupid.

They even know game theory will drive people to choose bad options. Here, let me give you a “score” for how big a sucker you are and you try to raise your “credit score” so I can sell you more debt! LOL.

It’s amazing how easy all of our little pea brains are to manipulate.

When you become attuned to it you start to notice that roughly 30-40% of all advertising is selling you a loan of some sort along with the product if the ad isn’t for a loan to begin with.

Amazing how addicted to debt the country is.

True.

A few of my fiends have to plan their lives around their debt, spend a decent amount of time thinking about it etc. I on the other hand don't do loans or credit, I own everything outright, I have the ability to up and move or take bigger risks with my career, yet according to the credit companies I'm not as financially sound because I don't owe people money lol

 

[PaulS]

True.

A few of my fiends have to plan their lives around their debt, spend a decent amount of time thinking about it etc. I on the other hand don't do loans or credit, I own everything outright, I have the ability to up and move or take bigger risks with my career, yet according to the credit companies I'm not as financially sound because I don't owe people money lol

Use a credit card, pay it off every month. No fees, most will give you money back. Builds credit, use their money for free.

 

[James331]

I get money back on my PayPal debit card, and if I'm paying it off at the end of the month anyways, kinda all a wash, just prefer not to be part of the issues our country have.

 

[Clip4]

The argument isn't that Smoot caused the great depression. The argument is that, in it's attempt to protect the domestic market and create jobs, Smoot was abject failure and helped to prolong the economic pain, and in that, there is truth. Export markets retaliated, and farmers were unable to export commodities like tobacco, cotton and other important crops. Foreign debtors were unable to pay financial obligations, putting even more pressure on banks. The cost of living increased due to the increased price of goods.

As a farmer I keep an eye on some of the ag message boards. It's telling, and some of the growers were pointing to the "success" of the sugar tariffs that have been placed on imported sugar for a number of years. What they seem to forget is that where there were once hundreds of large confection manufactures in the US, employing tens of thousands, there are now only a handful, and many of those are struggling to resist offshore manufacturing. Almost 90% of the sweets sold this Valentines day were Hecho en Mexico, and not due to labor cost.

As a farmer, you are part of a Cromy system with govt subsidized crop insurance and price support programs. Subsidies are a form of protectionism just like tariffs.

 

[DaleB]

Use a credit card, pay it off every month. No fees, most will give you money back. Builds credit, use their money for free.

^^^^ This. Every single thing that I can charge on a credit card gets charged on a credit card. Every single dollar gets paid off every month, no exceptions. And we have no credit cards that don't give at least a 1% discount. It means we get a minimum of a 1% discount on most things we pay for, sometimes more depending on the purchase and the card. And we never -- EVER -- use a debit card, for anything. My daughter just learned this lesson the hard way after her debit card info was stolen and used.

If anyone offers a cash discount, we'll take it -- but virtually no one ever does.

 

[CC268]

True.

A few of my fiends have to plan their lives around their debt, spend a decent amount of time thinking about it etc. I on the other hand don't do loans or credit, I own everything outright, I have the ability to up and move or take bigger risks with my career, yet according to the credit companies I'm not as financially sound because I don't owe people money lol

Yep...most of my friends are this way as well. Every paycheck they have goes to parts for their Polaris RZR hahaha. They live paycheck to paycheck. Oh well...

The problem with a credit card is that you are statistically more likely to spend money you don’t have. I got caught in this trap when I first graduated college. You get stuck in the “credit card limbo”...paying last months expenses with this months paychecks.

I’m not against credit cards...if you can use them for things that you actually have the money for then no worries...but a majority don’t.

 

[James331]

^^^^ This. Every single thing that I can charge on a credit card gets charged on a credit card. Every single dollar gets paid off every month, no exceptions. And we have no credit cards that don't give at least a 1% discount. It means we get a minimum of a 1% discount on most things we pay for, sometimes more depending on the purchase and the card. And we never -- EVER -- use a debit card, for anything. My daughter just learned this lesson the hard way after her debit card info was stolen and used.

If anyone offers a cash discount, we'll take it -- but virtually no one ever does.

My PayPal debit card links to my actual bank, gives me the same cash back, I get a email the second it's run, and it credits me back for fraud by the time I'm off the phone with them, locks up for obvious fraud but isn't overly sensitive with my travel, same phone call you're going to have to make if someone steals your credit card number.
Just not seeing the advantage unless you're trying to set yourself up for taking on real debt later.


If I don't have the money for it, I don't need it, but this thought process isn't shared by most Americans, thus the debt culture we live in and our government lives off, complete with all the issues it brings on.

As a farmer, you are part of a Cromy system with govt subsidized crop insurance and price support programs. Subsidies are a form of protectionism just like tariffs.

 

[CC268]

My PayPal debit card links to my actual bank, gives me the same cash back, I get a email the second it's run, and it credits me back for fraud by the time I'm off the phone with them, locks up for obvious fraud but isn't overly sensitive with my travel, same phone call you're going to have to make if someone steals your credit card number.
Just not seeing the advantage unless you're trying to set yourself up for taking on real debt later.


If I don't have the money for it, I don't need it, but this thought process isn't shared by most Americans, thus the debt culture we live in and our government loves off, complete with all the issues it brings on.

Your last paragraph hits the nail on the head. And it sure ****es off the folks who live that way hahaha

 

[CC268]

I hear that a lot. While it is certainly justifiable in many cases, that sort of thinking is dangerous.

China is a big country, with a whole lot of people. Those people are not stupid, nor are they lazy. They are perfectly capable of producing very high quality products. The fact that so much of the manufacturing capacity that we see today seems to be focused on producing cheap crap should not lull anyone into thinking that's all they CAN do.

10 years ago I gave a Chinese startup a shot at producing some printed circuit boards for me. The results were laughable -- 9 out of the 10 prototypes were completely useless. Last year all of my PCBs came from China. They were of excellent quality and were 100.0% free of defects. I could have had the same PCBs made at one of the very, very few remaining US manufacturers, but the cost difference -- especially for prototypes and small production runs -- is staggering.

You old geezers will remember when "Made In Japan" was synonymous with "cheap, shoddy crap" produced in a third world nation. It wasn't that long ago. Those were not stupid people, nor were they lazy. They learned to produce high quality goods and pretty much obliterated large swaths of the American manufacturing economy. Unfortunately, it looks like I will still be alive to see the Chinese obliterate the rest of it.

TTM or Holaday?

 

[JOhnH]

Tell that to the Chinese.

And the Europeans for that matter. And the Japanese. And the Indians. And the . . .

Tariffs are only bad when we apply them.

 

[denverpilot]

Remind me never to tell you where I work.

LOL. I don’t hold it against anyone who works for these places. They’re good jobs. Number of friends in the fiscal side of IT and the security “fun”. (Poke @jesse ... )

If I don't have the money for it, I don't need it, but this thought process isn't shared by most Americans, thus the debt culture we live in and our government lives off, complete with all the issues it brings on.

Someone mentioned that statement bothers all sorts of folks. It really does. I mean viscerally bothers them if you’re discussing things over dinner and the topic of mortgages or car loans or similar comes up. I just sit there and shut up anymore about it because unless they’re saying certain key words that sound like they want out of the merry go round, they’re going to defend a debt laden lifestyle like it’s “normal”. And once that conversation starts, I just can’t bite the tongue any harder or it’ll bleed. Haha.

If they want off the merry go round, long ago I would have explained how we got in a bad scenario and got ourselves out over a long period of time but later I learned what we did was essentially just Dave Ramsey’s plan. We just never ran across him back then so we did it ourselves.

So nowadays it’s easier to point folks at his “system” with all of its fans and social structure where folks can keep themselves motivated inside those groups rather than them feeling (as we did) like we were fighting our way out of debt alone. (Crediting my wife here, we never felt truly alone at it because we had each other to lean on.)

And yes, I run some stuff through a cash back card but like many have said, the statistics show you’ll eventually do something stupid doing that so I limit those. The vacation goes through that card for two reasons, crappy but minimal travel insurance, and the cash back. The cash back pays for the all inclusive wine and beer drink package. Haha. There’s also the occasional rental car place or other crappy business that doesn’t want cash or a debit card. I try to avoid them but there’s always one somewhere.

Seriously though, I thank all the people paying interest to CitiBank for the free beer every year with a toast. Since we don’t want to ruin anyone’s vacation my wife and I just do the toast alone and chuckle. “Here’s to our first free beer of the trip, honey! Cheers!” LOL. Can’t save everyone and lots don’t want to be saved. So they can pay for a week’s worth of beer and associated gratuities for us. Or the majority of it anyway. We don’t complain. No annual fee and free beer? Sold.

 

[Chip Sylverne]

As a farmer, you are part of a Cromy system with govt subsidized crop insurance and price support programs. Subsidies are a form of protectionism just like tariffs.

No, I'm not. I raise horses, not crops, food or fiber, and as such am not eligible for nor do I receive any subsidies, insurance or tax treatment not available to any other business. I am concerned about the price of grain because I buy it, I don't grow it.

 

[paflyer]

LOL. It’s why I’ve done all business I can with a credit union for 20 years. One real “bank” account and it’s a local bank. Also why I’m debt free and have no plans to ever take out loans ever again. Might limit some business opportunities but I can’t stand banks.

The big banks spend millions studying how to harm their own customers. Makes no sense to me to do business with them at all whenever it can be avoided. Doing business with someone who’s business goal is to harm you, is pretty much the definition of stupid.

They even know game theory will drive people to choose bad options. Here, let me give you a “score” for how big a sucker you are and you try to raise your “credit score” so I can sell you more debt! LOL.

It’s amazing how easy all of our little pea brains are to manipulate.

When you become attuned to it you start to notice that roughly 30-40% of all advertising is selling you a loan of some sort along with the product if the ad isn’t for a loan to begin with.

Amazing how addicted to debt the country is.

Regarding credit score, you don't have to be looking for money to want to keep it high. If you want to rent landlords will run a credit check. Employers for any legitimate job are going to run a check, as will the G-men if you apply for a clearance. Insurance companies too. Now if you don't need any of those, then you can go off the grid to an extent.

That being said, I think the credit scoring industry is criminal. They give "guidelines" for earning a high score, but they don't reveal exactly how much credit scoring is done. It's like playing Fizzbin. The rules are made up as you go and make no sense.

 

[paflyer]

As a farmer, you are part of a Cromy system with govt subsidized crop insurance and price support programs. Subsidies are a form of protectionism just like tariffs.

Who's Cromy?

 

[paflyer]

^^^^ This. Every single thing that I can charge on a credit card gets charged on a credit card. Every single dollar gets paid off every month, no exceptions. And we have no credit cards that don't give at least a 1% discount. It means we get a minimum of a 1% discount on most things we pay for, sometimes more depending on the purchase and the card. And we never -- EVER -- use a debit card, for anything. My daughter just learned this lesson the hard way after her debit card info was stolen and used.

If anyone offers a cash discount, we'll take it -- but virtually no one ever does.

Absolutely.

 

[James331]

Regarding credit score, you don't have to be looking for money to want to keep it high. If you want to rent landlords will run a credit check. Employers for any legitimate job are going to run a check, as will the G-men if you apply for a clearance. Insurance companies too. Now if you don't need any of those, then you can go off the grid to an extent.

That being said, I think the credit scoring industry is criminal. They give "guidelines" for earning a high score, but they don't reveal exactly how much credit scoring is done. It's like playing Fizzbin. The rules are made up as you go and make no sense.

If it was legit it would go two ways, they can report on us and cause us harm, and we should be able to "report" on them and cause them harm. Enough people report on them and they can't issue loans anymore, or collect interest anymore. Lest this doesn't please the crown

But hey, someone's gotta fund the theatre show we call elections.

 

[paflyer]

LOL. I don’t hold it against anyone who works for these places. They’re good jobs. Number of friends in the fiscal side of IT and the security “fun”. (Poke @jesse ... )



Someone mentioned that statement bothers all sorts of folks. It really does. I mean viscerally bothers them if you’re discussing things over dinner and the topic of mortgages or car loans or similar comes up. I just sit there and shut up anymore about it because unless they’re saying certain key words that sound like they want out of the merry go round, they’re going to defend a debt laden lifestyle like it’s “normal”. And once that conversation starts, I just can’t bite the tongue any harder or it’ll bleed. Haha.

If they want off the merry go round, long ago I would have explained how we got in a bad scenario and got ourselves out over a long period of time but later I learned what we did was essentially just Dave Ramsey’s plan. We just never ran across him back then so we did it ourselves.

So nowadays it’s easier to point folks at his “system” with all of its fans and social structure where folks can keep themselves motivated inside those groups rather than them feeling (as we did) like we were fighting our way out of debt alone. (Crediting my wife here, we never felt truly alone at it because we had each other to lean on.)

And yes, I run some stuff through a cash back card but like many have said, the statistics show you’ll eventually do something stupid doing that so I limit those. The vacation goes through that card for two reasons, crappy but minimal travel insurance, and the cash back. The cash back pays for the all inclusive wine and beer drink package. Haha. There’s also the occasional rental car place or other crappy business that doesn’t want cash or a debit card. I try to avoid them but there’s always one somewhere.

Seriously though, I thank all the people paying interest to CitiBank for the free beer every year with a toast. Since we don’t want to ruin anyone’s vacation my wife and I just do the toast alone and chuckle. “Here’s to our first free beer of the trip, honey! Cheers!” LOL. Can’t save everyone and lots don’t want to be saved. So they can pay for a week’s worth of beer and associated gratuities for us. Or the majority of it anyway. We don’t complain. No annual fee and free beer? Sold.

Debit cards are dangerous. We've got credit card lines way into 5 figures. Maybe close to 6. I have no real idea. We pay zero fees, and probably get $1000 cash back yearly. We charge anything that can be run through the cards and pay it off when the bill comes. Free use of someone else's money for a month We also have a HELOC worth hundreds of thousands.

We haven't done anything "stupid" having access to all that credit. It's called self-control.

 

[CC268]

LOL. I don’t hold it against anyone who works for these places. They’re good jobs. Number of friends in the fiscal side of IT and the security “fun”. (Poke @jesse ... )



Someone mentioned that statement bothers all sorts of folks. It really does. I mean viscerally bothers them if you’re discussing things over dinner and the topic of mortgages or car loans or similar comes up. I just sit there and shut up anymore about it because unless they’re saying certain key words that sound like they want out of the merry go round, they’re going to defend a debt laden lifestyle like it’s “normal”. And once that conversation starts, I just can’t bite the tongue any harder or it’ll bleed. Haha.

If they want off the merry go round, long ago I would have explained how we got in a bad scenario and got ourselves out over a long period of time but later I learned what we did was essentially just Dave Ramsey’s plan. We just never ran across him back then so we did it ourselves.

So nowadays it’s easier to point folks at his “system” with all of its fans and social structure where folks can keep themselves motivated inside those groups rather than them feeling (as we did) like we were fighting our way out of debt alone. (Crediting my wife here, we never felt truly alone at it because we had each other to lean on.)

And yes, I run some stuff through a cash back card but like many have said, the statistics show you’ll eventually do something stupid doing that so I limit those. The vacation goes through that card for two reasons, crappy but minimal travel insurance, and the cash back. The cash back pays for the all inclusive wine and beer drink package. Haha. There’s also the occasional rental car place or other crappy business that doesn’t want cash or a debit card. I try to avoid them but there’s always one somewhere.

Seriously though, I thank all the people paying interest to CitiBank for the free beer every year with a toast. Since we don’t want to ruin anyone’s vacation my wife and I just do the toast alone and chuckle. “Here’s to our first free beer of the trip, honey! Cheers!” LOL. Can’t save everyone and lots don’t want to be saved. So they can pay for a week’s worth of beer and associated gratuities for us. Or the majority of it anyway. We don’t complain. No annual fee and free beer? Sold.

The statement I bolded...so true...

 

[denverpilot]

Debit cards are dangerous.

Describe said “danger”. (This’ll be good...)

 

[denverpilot]

Anyway to associate the thread drift back into the original post...

Isn’t interest paid to a bank just the same as a tariff on your personal finance? LOL.

Okay it’s a reach but back to tariffs.

 

[James331]

Debit cards are dangerous. We've got credit card lines way into 5 figures. Maybe close to 6. I have no real idea.

This is right up there with passing laws to see what's in them.

Why is it so hard to live within your actual means?

 

[azblackbird]

Describe said “danger”. (This’ll be good...)

For those who live paycheck to paycheck, yes... debit cards are very dangerous. The banks love debit cards, especially on joint accounts. Overdraft fees are one of a bank's highest profit centers.

 

[paflyer]

Describe said “danger”. (This’ll be good...)

Off the top of my head:

If someone gets your PIN you might be able to get your money back. Depends on bank and state law.

You are always paying "cash" so you have less leverage if there's a dispute bit a merchant.

You may have little recourse and protection in cases of fraud.

Holds on your money.

 

[paflyer]

Anyway to associate the thread drift back into the original post...

Isn’t interest paid to a bank just the same as a tariff on your personal finance? LOL.

Okay it’s a reach but back to tariffs.

No a tariff wold be a charge to get your money from the bank.

 

[paflyer]

This is right up there with passing laws to see what's in them.

Why is it so hard to live within your actual means?

I have no problem with living well below my means. But it sure is nice that if an opportunity/tragedy pops up I have easy access to additional funds and can keep existing capital.


OPM, chief!

 

[denverpilot]

For those who live paycheck to paycheck, yes... debit cards are very dangerous. The banks love debit cards, especially on joint accounts. Overdraft fees are one of a bank's highest profit centers.

If you’re saying that two people who can’t track their spending with a written and agreed to budget against an account that has a debit card attached to it are likely to screw themselves, then I see what you’re saying. Yes. They will.

They’ll do that with or without a debit card. And the danger isn’t from the card itself, it’s from their lack of planning. 80% of Americans have never operated their personal finances from a written budget.

 

[James331]

I have no problem with living well below my means. But it sure is nice that if an opportunity/tragedy pops up I have easy access to additional funds and can keep existing capital.


OPM, chief!

Sounds like the same as writing a check for 2k when you only have $20 in the account.

 

[paflyer]

Sounds like the same as writing a check for 2k when you only have $20 in the account.

Sorry I'm not following you.

 

[CC268]

If you’re saying that two people who can’t track their spending with a written and agreed to budget against an account that has a debit card attached to it are likely to screw themselves, then I see what you’re saying. Yes. They will.

They’ll do that with or without a debit card. And the danger isn’t from the card itself, it’s from their lack of planning. 80% of Americans have never operated their personal finances from a written budget.

My wife and I started using YNAB...WOW...totally transformed how we operate our finances now. Great for a younger guy like myself who is relatively new to working with a “budget”

 

[James331]

Sorry I'm not following you.

In my opinion, swiping a card for more than you have cash on hand for is the same as writing a check for more than you have in your account.

 

[denverpilot]

Off the top of my head:

If someone gets your PIN you might be able to get your money back. Depends on bank and state law.

You are always paying "cash" so you have less leverage if there's a dispute bit a merchant.

You may have little recourse and protection in cases of fraud.

Holds on your money.

PIN is easy to get. It’s only a four digit number. The regulators have all mostly recognized this for some time now except in a few backwater States that haven’t done their regulatory jobs.

You’re afforded the same fraud protections with a debit card as a credit card in the vast majority of cases now.

Government loves cards. They want folks who CAN pay with cash, paying with a card. Way easier to track. Card companies have moved the limits to the front end on the cards. You’ll find businesses where just swiping the card will trigger it to be denied now. They’ll even do a broken version of dual-factor auth and ask you via text if you tried to use it. Just to avoid government looking toooooo closely at their horrid security practices. Or telling them they can’t charge above 28%.

I’m not worried about the banking cartel covering their losses to keep the card revenue flowing. Between the card companies and government they all want you happy and comfortable using plastic swipes for everything. Government hates cash.

Just make a $10,000 cash withdrawal and see if you can walk out of the bank with your own money without filling out anti-terror/drug dealer paperwork. You can’t.

Fraud simply isn’t a worry. The real and political costs (including campaign donations) are baked into the scam.

 

[denverpilot]

My wife and I started using YNAB...WOW...totally transformed how we operate our finances now. Great for a younger guy like myself who is relatively new to working with a “budget”

YNAB is a cool tool. Especially that they have mobile tools.

They have some serious problems with their company and customer service on the data import product under nYNAB, though.

They really don’t seem to understand that fixing import problems literally is their only source of income.

They really need to figure that out if they’re going to survive as a business.

They make zero based budgeting simple for people. But their tech support is a disaster.

 

[DaleB]

Debit cards are dangerous. We've got credit card lines way into 5 figures. Maybe close to 6. I have no real idea. We pay zero fees, and probably get $1000 cash back yearly. We charge anything that can be run through the cards and pay it off when the bill comes. Free use of someone else's money for a month We also have a HELOC worth hundreds of thousands.

We haven't done anything "stupid" having access to all that credit. It's called self-control.

Bingo. We have really good judgment when it comes to debt and credit, which comes from long experience... which came from, you guessed it, bad judgment.

 

[Chip Sylverne]

Now comes the Administration directing the Dept of Agriculture to prepare to compensate growers for any losses due to the tariffs via direct payment checks through the CCC ( Commodity Credit Corporation) And the growers are lapping' it up. This is idiocy.

 

[JOhnH]

Now comes the Administration directing the Dept of Agriculture to prepare to compensate growers for any losses due to the tariffs via direct payment checks through the CCC ( Commodity Credit Corporation) And the growers are lapping' it up. This is idiocy.

I am against that too. But I would like to point out that that practice is routinely used by our trading partners. When a subsidized product is sold in another country, at a price that is less than it's actual production cost, it is called "dumping", and it is a major distortion of "free and fair trade".

By the way, I would also like to point out that China restricts the majority of car imports from the US, and the ones they do allow in get hit with a 25% tariff. Our tariff on Chinese cars (like certain Volvo's and others) is 2.5%. But nobody is complaining about that.

 

[CC268]

YNAB is a cool tool. Especially that they have mobile tools.

They have some serious problems with their company and customer service on the data import product under nYNAB, though.

They really don’t seem to understand that fixing import problems literally is their only source of income.

They really need to figure that out if they’re going to survive as a business.

They make zero based budgeting simple for people. But their tech support is a disaster.

Hmm interesting I’ve never had any problems. I will say that it is bar none the best budget software for that type of budgeting. Every dollar by Dave Ramsey is okay but not great. Although YNAB is essentially the same thing. I use mint as just a report tool, but it’s not a proactive budgeting tool like YNAB is so I don’t actually use it for that.

 

[Chip Sylverne]

I am against that too. But I would like to point out that that practice is routinely used by our trading partners. When a subsidized product is sold in another country, at a price that is less than it's actual production cost, it is called "dumping", and it is a major distortion of "free and fair trade".

By the way, I would also like to point out that China restricts the majority of car imports from the US, and the ones they do allow in get hit with a 25% tariff. Our tariff on Chinese cars (like certain Volvo's and others) is 2.5%. But nobody is complaining about that.

We put a 25% tariff on light trucks and pickups imported to the US from europe, S Korea and elsewhere. Hyundai developed a nice little vehicle at a good price, which we can't buy.
Priced a new pickup lately?

 

[JOhnH]

We put a 25% tariff on light trucks and pickups imported to the US from europe, S Korea and elsewhere. Hyundai developed a nice little vehicle at a good price, which we can't buy.

I think you misplaced a decimal point:

http://trade.ec.europa.eu/doclib/docs/2015/january/tradoc_152998.1 Trade in goods and customs tariffs.pdf
for cars:
o EU duty on imports from the US is 10%
o US duty on imports from the EU is only 2.5%

Priced a new pickup lately?

Yeah, I bought a new pickup two years ago. American made GMC.