Posted on 06/01/2019 3:24:53 AM PDT by reaganaut1
...
Only months ago Mr. Trump signed a new trade pact with Mexico and Canada to replace Nafta. The deal reassured financial markets. But now he whacks Mexico with unilateral tariffs that violate Nafta and World Trade Organization (WTO) rules. Other national leaders can be forgiven for concluding that any trade deal with Mr. Trump is subject to revision on his personal political whim.
The tariffs could also complicate passage of the new U.S.-Mexico-Canada deal in Congress. Mr. Trump is invoking a 1977 statutethe International Emergency Economic Powers Actto impose the tariffs after declaring an emergency. The Congressional Research Service says the law has never been invoked for tariffs. This is a misuse of presidential tariff authority and counter to congressional intent, Senate Finance Chairman Chuck Grassley said Friday.
If the tariffs are imposed, the economic damage could be considerable. Mexico exported $371 billion to the U.S. in 2018, and it is now our largest trading partner. A 25% tariff would impose costs of some $90 billion a year. Mexico may suffer the most, which could perversely drive more illegal migrants to the U.S., but America would also be a loser.
Mr. Trump, in his Fortress America mind, says businesses could merely move to the U.S. to avoid the tariffs. But that would impose enormous transition costs and take years to execute. Many exporters would move out of North America. Meantime, Texas imported $107 billion in goods from Mexico in 2018, and a 5% tariff would impose a $5.4 billion tax. A 25% tariff would mean $27 billion in border taxes.
All of this arrives at a moment when global trade has been growing more slowly amid rising trade tension. The WTO said in April it expects global trade volume to grow by a mere 2.6% this year
(Excerpt) Read more at wsj.com ...
Hey Congress, it your fault. Get off your @ss and build the border wall and fix the immigration laws.
Subject: Re: Mex citizenship
In the hundreds of postings here in Free Republic rarely is this brought up. Its Known As Reciprocity. We should be treating anybody illegally crossing the Mexican border into the US the way the Mexicans do;
Any American illegally .crossing into Mexico. Before being kicked out can get a heavy fine and possible imprisonment.
Its time we consider illegal entry by any person who is a non Mexican citizen illegally entering the United States through the US Mexican border a defacto Mexican citizen with limited Mexican constitutional rights subject to their laws while transiting. As well as any Mexican citizen entering illegally exempting those who do so legally.
According to the Mexican constitution Americans legally in Mexico get a 2nd class treatment. Besides being unable to vote one must also be a citizen to own land and Mexico is very restrictive about granting citizenship. Because of that a US citizen besides not being able to vote,and cannot have title in their name to any land property in Mexico. Its time the US should consider making that reciprocal.
Prohibit and fully legally enforce punishment to violators offering any illegal entrant employment, voting, and land ownership privileges .In other words the incentives to those thinking of sneakimg into this country are removed and those that do better expect expulsion no job no voting no landowning ..
Wow, the WSJ is lying and knows this is short term only. It is a "could" that never will happen. Someone explain the mechanism by which a tariff hurts one US wage earners?
That doesn’t stop the Mexican invasion. Not enough...
The WSJ sounds pretty upset that Trump will disrupt the free flow of Cocaine to the press in the USA
The list goes like this -
1) southern barrier;
2) require eVerify to hire;
3) end all chain migration;
4) birthright per Minor v. Happersett (plural parents);
5) end work visas;
6) 10-year moratorium on all new applications for citizenship (40 years to allow workplace automation effects on downsizing population)
7) demonstrate English proficiency to acquire citizenship and pass civics test.
Enactment of these provisions will motivate illegal aliens to self-deport.
Also consider reciprocation of the laws of the countries of origin of the illegal aliens. For example, Mexico doesnt allow land ownership or voting to immigrants, and doesnt honor birthright citizenship like its citizens expect from the U.S. We should offer the same deal to them.
NOW these a-holes are worried about costs to Americans??? Nothing about the costs of illegal immigration??? Hmmm....
The noWallSrceedjUrinal can KMA.
Every single person who is against stopping this invasion is nothing less than a traitor. When I say round em up ship em out,we have to start with these subversive bastards.
There are numerous Free Traitors that post their globalist venom everyday on Free Republic.
Tariffs are a much better deal than paying for illegal alien scumbag parasites. I would also be very pleased to see some American companies move their jobs back to America because of tariffs.
Or Mexico could control its border. Seems a lot easier.
It better to pay a couple of hundred dollars more for your new Ford Fiesta, that you finance over four years, and have a job than to be jobless with no car at all.
All Mexico has to do is enforce their own borders and immigration laws and stop acting as a willing conduit to allow these caravans of invaders to pass through Mexico.
I think that is very correct.
Just like a parent who punishes a child, This hurts me more than it hurts you, but I have to do it.
The WSJ editors cant understand it, just like a child.
Congress has the ultimate authority when it comes to tariffs. The President only has the tariff power the he is given by Congress. Tariffs are Grassley's job.
I’m talking about immigration.
MISTER Trump? What the Hell is the matter with calling him PRESIDENT Trump?
Rhetorical question for that bunch.
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