The Government is afraid of setting off an international chain event of protectionism.
In economic depressions protectionism always comes up. I for one think its about time. We have been giving the world “trade charity” for decades and we simply can’t afford it anymore. Both in the costs to our national debt and the costs to our job base.
Toss a $4k per imported car tarrif up and see if GM and Ford don’t get better. That is the idea right? For them to get better and be able to start hiring again? And certainly make that tax deduction US built cars only!