Posted on 06/02/2019 3:27:35 AM PDT by Zhang Fei
Nobody is happy about Donald Trumps new threat to slap tariffs on Mexico unless it clamps down on migrants crossing the border. Well, almost nobody.
Investors? Theyre panicking. Stocks are down. So are treasury yields, which is a sign that folks are worried and fleeing to safe assets. Mexico? What do you think? Republicans in Congress? Senate Finance Chair Chuck Grassley says the move is a misuse of presidential tariff authority and counter to congressional intent. The business lobby? Its peeved. Trumps own advisers? Some of them are reportedly furious. Specifically, Treasury Secretary Steve Mnuchin, a free trader, and U.S. Trade Rep. Robert Lighthizer, known for his protectionist streak, are both apparently opposed.
So whos pleased? Presumably Stephen Miller, the spiritual keeper of this administrations anti-immigrant flame. Like many of the Trump administrations worst ideas, CNBC reports this Mexico one belonged to him. He apparently sprang the plan while Vice President Mike Pence was traveling and Larry Kudlow, the White Houses top economic adviser and another free trade advocate, was busy having surgery. It seems the adults went away for the week and Miller decided to throw a xenophobic rager that might sink the economy.
Up until very recently, I havent been too worried about the effect of Trumps trade war on growth. Yes, his tariffs on China are a rather large tax on American businesses and consumers. But theyve only slowed the economy a bit so far. Beijings retaliation has made life complicated for farmers, but theyre getting bailed out.
Now, though, Im starting to feel anxious. Trump announced that on June 10, he plans to place a 5 percent tariff on all Mexican goods and leave it there until such time as illegal migrants coming through Mexico, and into our Country, STOP.
(Excerpt) Read more at slate.com ...
Stop with the whining until these critics start helping stop this invasion. No one says tariffs are a good thing but when youre left with very few tools to fix a problem, you use desperate measures.
Title in need of “Barf Alert”!
As much as I love my senator, I agree that he should be putting forth solutions. Its as if Trump is going this alone.
Typical self loathing Jews. Bolsheviks, all of them.
There would be no President Trump.
He would still be a developer.
How do you know Miller writes Trump’s speeches? I would guess Michael Anton more knowledgeable even than Miller and the source for his speeches.
Good point.
But it’s still very, very refreshing to see and hear someone that talks like the rest of us, drinking a beer and enjoying a nice cigar, than these so-called polished politicians.
“He apparently sprang the plan while Vice President Mike Pence was traveling “
Snake in the grass GOPe boy. I don’t trust him
Trump isn’t imposing a tariff, Mexico is. They can stop their hostile acts.
Oh hell ya!
We are ALL racist. No matter if your skin colour is blue, green, purple or whatever. Your a racist if you support Trump or a christian or whatever.
It sure is.
Greatest president in our lifetimes, maybe even in our countries lifetime.
Thanks Zhang Fei.
First Lie... Lots of us are happy Trump is standing up to thugs and phony 'elites'...(read 'white trash with money').
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