Help! The Beemers Are Coming—So The Donald’s Doubling Down With A Currency War, Too (Part 2)

When you import $191 billion of autos and $188 billion of them (98.4%) come from NAFTA, the EU-27, Japan and South Korea, as we demonstrated in Part 1, it’s utterly impossible to say there is a national security threat in the auto sector per section 232. If there is, Armegeddon is already happening.

But, of course, the Donald 180-day warning to the entire global auto market last week that they’ve got 180 days to shape-up and make a deal with Bob Lighthizer or get hammered with a 25% tax had nary a thing to do with national security.

After all, America buys absolutely bubcus in the auto sector from our alleged national security enemies in China, Russia, Iran and North Korea.