Posted on 06/02/2019 11:27:02 AM PDT by E. Pluribus Unum
President Trump has announced that the United States will impose new tariffs of 5 percent on all Mexican imports starting this month. The White House said the tariffs will gradually increase to 25 percent by October if Mexico does not take action to “reduce or eliminate the number of illegal aliens” crossing into the United States. Put simply, these tariffs are bad for the country, bad for the markets, and bad for Trump.
The impact of these tariffs will be felt nationally and will have painful consequences for the economies of more than two dozen states, ranging from California to Michigan to Texas. We are already seeing the negative impact of these tariff threats on the markets. In the morning after the news, the Dow Jones Industrial Average dropped 300 points, the S&P 500 Index fell 1.2 percent, and the Nasdaq lost 1.3 percent. Automakers such as Fiat Chrysler, whose stock dropped 5 percent, were some of the biggest losers, as they heavily rely on imports from Mexico.
It is clear that investors are rattled over the disruption that these tariffs will cause to global economic growth and business. While the tariffs Trump imposed on China were connected to palpable economic issues such as access to markets and intellectual property, his latest move of using tariffs for merely political ends represents a major departure that will only backfire and damage his chances for reelection in 2020.
ADVERTISEMENT Ultimately, these tariffs will essentially nullify the main accomplishment of the Trump, which is a strong economy. It also has the potential to kill the ratification of updates to the North American Free Trade Agreement, a top priority for the Trump administration...
(Excerpt) Read more at thehill.com ...
Tomatoes and asparagus are OK, but don't mess with my avocados dammit!
/s
Doug Schoen hired her????
Whatever for????
I cannot abide that woman!
She is VERY HARD to look at and IMPOSSIBLE to listen to!
How she EVER got a job in broadcasting is beyond my ken!
If she shows up on a program I am watching - immediate click to something else!
Point for Team Miller!
The tariffs are only bad news for people who sell Chicom crapola.
Illegal aliens cost taxpayers $155 BILLION a year directly and untold costs in deaths, undercut wages, illegal drugs smuggled in, etc.
And the donkey urine the Mexicans call beer
What happened to California avocados?
If the guacamole industry went belly up, it’d be a great opportunity to get into some urban farming, where they take old warehouses and turn them into giant indoor grow houses. Start those up, around the country and start supplying all the tex-mex restaurants and cut the mexican’s out of that market, we’ll see some sh*t start happening.
I think there are more than a handful of products and industries that currently come out of Mexico, that could easily be done in the US.
Yep - them and the concern trolls who echo Chicken Little....the Trump economy is strong enough to withstand the “application of leverage” President Trump has opted for in the face of a do-nothing Congress...
If you wanted to go back to that you would have to place a 250% tariff on every item imported.
A small import tariff is not going to make any industry or ag product go “belly up”.
For the short term , sure it will be a little bitter but for the long run ,these tariffs all have lasting ,positive effects on the US economy if they accomplish the goals they are intended to, which imho they will. These countries like China and Mexico will talk tough but fold eventually. Anyone ways otherwise is kinda clueless. If you think these tariffs will hurt the US ,think about what damage they have on the shithole countries theyve been slapped on.
A small one, NO.
I’m just thinking that if the Mexican’s feel like playing games, which they can ill afford, or the border just gets shut down completely, which it should, there’s always a way to make up the difference.
My (little) joke.
Several months ago we tried temporarily closing the border but people got upset, saying that the avocado market would tank and the price would go through the roof.
It was an absurd thing to focus on (of all the things possibly affected) so I thought it an appropriate mock-worthy rallying cry.
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