Topic: Cadillac

1 chapters across the catalog

Peter Navarro details the "Fair and Reciprocal" trade plan, citing the specific example of trade imbalances between American Cadillacs and German BMWs. He explains how European value-added taxes (VAT) and 10% tariffs create a price disadvantage for U.S. exports. The plan involves Secretary of Commerce Howard Lutnick and USTR Jameson Greer determining reciprocal tariffs to counter these non-monetary barriers.