Posted on 12/04/2016 11:27:46 AM PST by E. Pluribus Unum
Trump warned companies of “retribution or consequences” for leaving the U.S. Donald Trump warned U.S. companies of “retribution or consequences,” such as a massive tariff, if they leave the country.
In a series of early morning tweets Sunday, Trump said companies with offshore factories would face a 35% tax on products they want to sell back in the U.S.
“The U.S. is going to substantialy [sic] reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its products back into the U.S. without retribution or consequences, is WRONG!” the president-elect wrote. “There will be a tax on our soon to be strong border of 35% for these companies wanting to sell their product, cars, A.C. units, etc., back across the border.”
The proclamations came after Trump’s intervention with Carrier, who decided to keep about 1,000 jobs in Indiana instead of moving them to Mexico. Carrier will receive economic incentives worth $7 million, in a deal negotiated by Vice President-elect Mike Pence, the current governor of Indiana. Despite the Carrier deal, the company still plans to close a plant in Huntington, Indiana, moving about 700 jobs to Mexico.
(Excerpt) Read more at fortune.com ...
You still haven’t appreciated the fact that we have a Master Persuader and negotiator as our President-elect yet?
You prefer people who give away the store?
I agree— internally — not for foreign trade, where American companies will never be given fair treatment.
Restoring the old immigration act sounds good to me.
Fairness is never the issue in the free market economy. “Fairness” ALWAYS applies to government interference. Nothing is “fair” but in the market economy free from government interference, the winners are the companies with the best quality for the best price and the consumer ALWAYS wins. It is how America because the wealthiest and strongest nation on earth. So many have forgotten that.
Government-forced “fairness” brings little “fairness” and very little freedom. Freedom from government interference brings a great deal of individual freedom, wealth, and fairness.
In addition, even where you can argue that foreign products are better there's a limit: you can't trade to the point where your domestic industry is destroyed and your people impoverished to the point they elect (or impose) a socialist government. Political economy count here as well.
Internally, I agree with you wholeheartedly.
If that imbecile Nixon had kept us on the gold standard, 40 years of trade deficits would have been impossible.
That’s PART of it, however not ALL. We can’t match the kind of slave labor forced sugar that, say, China puts into things.
I'm certainly not impressed with
showy typography in lieu of reason.
Governments are appointed by God, ultimately, to restrict evil. The difficulties there are more than worth what would happen if there were none.
Absolute freedom cannot exist in secular affairs; only relative freedom.
Hasn’t he been saying this for a Year, if not more?
35% Tax on what, the actual cost of production before it is imported into this Country? Not one article clarifies what this actually means. They also never mention how OUR Product Exports are Taxed.
Funny how the Federal Government was funded only by Tariffs before 1913 when the 16th Amendment was Ratified. LOL
I think the 35% tariff is charged on what the unit is selling for in the US. Something selling for $1.00 would be charged $.35 tariff.
It’s been many years since I studied that so I don’t know that I’m right.
I do and glad he is doing it. It’s about dam time!
How is it fair we pay tariffs to China and they do not pay tariffs to us?
How is it fair China can manipulate their currency if we are selling too much and we cannot?
That’s what you call rigged! If China is going to charge tariffs, then we should do the same thing back. It will force China to lower or eliminate their tariffs with us all together.
I don’t understand why this is so difficult for some Freepers to understand?
True free market is what you see between the States. Everyone needs to be playing by the same rules? If not, then you are just playing a rigged poker game you can never win.
I guess the 99 cent Store will become the $1.34 Store. #;^)
Either than or they will start selling cheaper to stay under 99 cents. :)
We gotta cut though a bunch of junk here. A good starting point is the fact that although the free market economy isn’t perfect, it is way ahead of whatever is in second place. It is the focus on the relatively small portion of freedom and the free market that isn’t perfect that ends up screwing up the large portion that works very well, better by far than anything else.
Next, it is important to see from history right up to the present that government interference in the economy, except for certain defense purposes, always does more harm than good, tariffs included. Tariffs are a form of shooting yourself in the foot. The absurdity of trade wars with tariffs is one country shots itself in the foot and the other country, wanting “fairness”, shoots themselves in the foot. The result is needlessly, consumers “equally” lose and suffer from their own government-forced lowered standard of living.
What’s the real point here? The real point is that to solve a problem, you FIRST of all have to ID the root cause of the problem. Next, you have to launch a DIRECT ATTACK on the root cause.
What is the root cause of businesses fleeing America? Answer: THE FEDERAL GOVERNMENT’s interference with the market and pursuit of unfriendly business policies driving up costs and prices.
What is the solution?
- Abolish the unconstitutional federal minimum wage
- Abolish unconstitutional federal regulations
- Abolish unconstitutional federal union protection
- Abolish federal corporate taxes which is a hidden form of higher individual taxes
Tariffs are palliative, not a cure, and only appear to be a solution when in fact, like most government programs, it only makes matters worse. Equal and “fair” stupidity is no answer. And freedom is always a superior course than government-forced “fairness”.
The things listed above, getting government OUT of the market economy, are the REAL solutions that attack the REAL root causes of businesses fleeing America.
How long do you think forced “slave labor” will be able to compete in the open market? In the long run, competition from a healthy, free economy will sooner or later crush government-forced artificial low prices.
And we don’t have to be the best at everything. Some countries do better at some things than others. That’s fine and the consumer is the beneficiary. The reason China has become a player in trade is, in certain “free enterprise” zones, they have backed off from their suffocating government command and control economy.
No, the free market economy is not perfect, but it is way ahead of whatever is in second place. The focus on the relatively small portion of the free market that isn’t perfect is what screws up the very large portion that runs very well, much better than anything else.
Focus on solving the root cause of business fleeing our country which is the federal government’s interference and pursuit of unfriendly business policies.
I believe other factors will come into play.
God hates it when the oxen are muzzled as they tread out the grain. God will interfere with that until finally the situation comes to a crisis.
I know you complain about protectionism, but protectionism actually is how the world tends to work. Why does America have to be a doormat, rather than putting a welcome mat before a well managed door? When Mexicans say “my house is your house” they don’t mean it literally. We can return the sentiment with clear conscience. It means if you behave yourself, your way is clear.
Like police are “palliative, not a cure” and yet would we really want a civilized world without them, in this sinful mortal coil?
With the police there as warnings, now we can preach a gospel of doing it God’s way.
I can easily think of deals that Donald could work that would be carrots to the stick of protectionism.
You're like someone who points out that Newton's First Law of Motion postulates that a body in motion always moves in a straight line, and when I say, "But everything I throw falls in a parabolic curve to the ground," you just repeat, "a body in motion always moves in a straight line."
I acknowledge-in general- that both principles are true, but I can see that -in particular- that there are many situations where the principle is acted upon by outside forces.
You claim, in effect, that -any- government intervention by OUR government is always bad (except for contract enforcement, of course).
So how do you respond to the fact that Chinese state-owned steel companies are dumping steel all over the world because to them subsidizing 30% of cost is better than subsidizing 100% of the cost? What do you tell American steel companies and workers? Suck it up? That they can get jobs working for the companies that benefit temporarily from the lowered cost of steel? And when the steel plants close and the Chinese raise prices, what then? That they're "better off" in the long run?
More importantly, the US government is MY government, and I expect it to protect me from foreigners who are not playing by the rules, whether it is Chinese steel-dumping, terrorists using violence, or illegal immigrants.
If it's not willing to do that, why am I paying taxes to it?
And do you think the Founders were opposed to tariffs? The US became the world's pre-eminent industrial power behind a high tariff barrier. The Constitution gives the Congress the power to control -anything- or -anyone- crossing our borders. Don't try to wrap lame-brained libertarianism with the Constitution.
I'm an American first, and a free-marketeer second, which means I'll suck up the extra cost of US made goods as long as everyone else has to do so also because a country without widespread poverty and broad, prosperous middle class is much better than one without, both economically and politically.
Relative to what or whom? We can't be vague about freedom or else the Leftist tyrants will be more than happy to fill in the blanks for us which they have done for decades.
We need to get real clear about freedom because freedom is what the Left is desperately trying to rob us of. Freedom is the issue of the day and maintaining freedom requires "eternal vigilance".
Here, we are talking about POLITICAL FREEDOM. The Declaration of Independence (DofI) addressed the issue of political freedom very well. We are born with unalienable rights of "Life, Liberty, and the pursuit of Happiness. That to secure these rights, Governments are instituted among men, deriving their just powers from the consent of the governed."
So back to my question: what do you mean by "relative freedom"? I would abandon that vague term "relative" in reference to freedom because to Leftist tyranny, everything is relative and negotiable including your God-given rights.
So how do we in America define our political freedom? It is our inalienable rights, our individual freedom, PROTECTED by the governance of the Rule of Law of the U.S. Constitution rather than the Rule of Man. That in order to secure such protection, we the people and the states have transferred and delegated certain expressed, enumerated, and limited rights and powers to the federal govnemt.
The issue of the day is the recovery of our Free Constitutional Republic and the Constitution as the supreme Rule of law against the feds who are probably 80% unconstitutional.
So although political freedom is not "absolute" it is CLEARLY defined as that which is outside the Constitution as confirmed by the Ninth and Tenth Amendments. The feds, meawhile, have gone way beyond their constitutionally delegated and enumerated powers and have usurped our individual freedoms. The great need in America today is for the average citizen to gain an understanding of THEIR Constitution as written and originally understood and intended.
My website https://sonsofconstitutionalliberty.com/ currently under construction, is dedicated to that. Take a look. More to come. Let me know what you think
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