a lot of that over a building trade war and concerns that this could get worse before it gets better. there s no signs of concessions on any of the principle parties, namely the chinese and ourselves. all of this on the same day that harley-davidson was indicating because of the threat of terrorists, they re moving a lot of operations outside the u.s. on a separate issue, general motors has indicated a lot of chevy blazers will be made in mexico. that s not a welcome noise here, this could have been worse. there was some confusion early on to whether the administration was also recommending that they were urging the chinese and others not the invest in technology stocks at all. peter navarro pops up on cnbc to say no, no, no, they re not going to be, nor are there plans in the work for investment restrictions on china and that brought us to the levels we re at now.
case, that meant raising of a tariff on imported harleys. the company suggested this wasn t an unintended consequence of an aggressive trade policy by the white house, calling its decision the only sustainable option to make its motorcycles accessible to customers in the e.u. but white house officials placed blame for the tariff disputes squarely at the feet of the e.u. think european union is trying to punish u.s. workers because they have engaged repeatedly in unfair trade practices, and the president is saying, enough is enough. sanders has, as reflected in aggressive posture by the administration. wilbur ross that the days of spoiling trade department is over. and proposed investment restrictions will target all countries that are trying to steal our technology. they are not so veiled reference to china. economists believe the trade war could spread including the auto
but the point comes down to what the politics are here and whether it makes sense. the basic criticism is he is doing it because it sounds strong but in practice, it is not strong. when you are going after a bad guy in china, a case can be made for that with going after your allies at the same time when they represent such a small part of the steel market and didn t make sense and you wind up putting america in a hole. china is trying to steal our technology andorce a transfer when american companies go on their soil. they are trying to buy up silicone valley. tariffs defend our healthy companies and the investment restrictions would prevent the chinese to come and buy. if you want to move over to the question of europe and cars, i m happy to talk about that. germany, sells us three cars for
we sit in places like the situation room and talk. maria: right i understand. about how it s going to go. maria: but you re trying to stop china from stealing intellectual property. peter they don t even admit it. they say they don t do it so how do you change a situation where you can t even get them to agree they are in fact stealing ip? well, we have in motion the president has said that come june 15, there will be targeted tariffs on the china 2025 high-tech industries of the future they re trying to take from us and they will set investment restrictions on june 30 to prevent them from coming in and buying companies that are in things in like artificial intelligence and robotics which by the way are not only the industries of our economic future, but they re also the industries that are very important in military. maria: i get that, yes. so the president is taking measured, thoughtful, strategic steps. this started again back in june
hold, they were pressing the pause button while they execute the framework for trade talks overall with china. we know the commerce secretary wilbur ross will meet with european trade negotiators in a few days. we know there have been talks ongoing about that to do about the china situation and then this. this statement from the u.s. where it talks about china s discriminatory and burdensome trade practices. the united states will impose a 25% tariff. that is a program domestically in china to develop really intense technology, sensitive sectors in its economy that other countries have claimed it unfair and they re subsidizing unfairly their own domestic industries. also here, the united states is going to list those targeted goods by june 15th, quickly here. by june 30th, the white house is saying they re going to announce investment restrictions and