now put the same tariff on the companies that already movedI don’t see any problem with this what so ever. Before the Neo-Cons start squawking about Reagan, it is important to remember that Reagan was no free trader. He was a protectionist and used voluntary import quotas and tariffs to cajole foreign car makers to move their production to the U.S. the entire Southern auto industry along with Ohio Honda are a direct result of Reagan protectionism.
Trump is dealing with a group of “college graduates” now running much of our nation’s remaining manufacturing who were “educated” at our Marxist colleges and universities that it’s “the dollar uber alles!” What has always amazed me is that at the end of the day, the fired workers are the customers for their products. It seems that they think it’s a “good deal” to fire American workers then sell them “lower-priced products” made outside the country. Carried to the extreme, the have cheaper products but no one who has a job to afford to buy them at any price. It’s time the globalists get a real haircut.
And the other piece of this is that foreign competitor’s products should be tariffed so they are not “less expensive” than their American-made competition’s.
What an interesting approach. To my knowledge the trade agreements, like GATT and NAFTA prevent the president from imposing tariffs on products coming into the country from our trading partners. The idea of imposing tariffs on products produced by American companies overseas is most likely not in the wording of those agreements and would not invoke the penalty clauses. (If this is the case, Trump has out nuanced all the liberal pundits. They can eat verbiage.)
“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.”
Hey Fortune, Trump’s been saying that for a year and a half.
Where you been degenerates?
Make it an even 40%!
Good. This is one of things that gave us Trump.
Why wouldn’t the company simply decide to reincorporate as a Mexican company, since only American companies are subject to this tax
Protective tariffs are self-inflicted gun shots inflicting the AMERICAN consumer with higher prices and thus a lower standard of living for AMERICANS. Special interests can take a flying leap.
Go after the ROOT CAUSES of business fleeing the country which is the FEDERAL GOVERNMENT.
- 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
Don't layer more government interference on top of the problems the feds have already caused.
The Leftist and confused do-gooders' answer for government failure is always more government. Utterly stupid.
And it's not "crony capitalism" either - another Leftist term meant to confuse the issue. The issue is the GOVERNMENT, NOT "capitalism". The corrupt, unconstitutional, and bone-headed acts of federal government be and must be rejected and abolished. THAT will make America a business-friendly country and THAT is what will make America great again.
Government never has, doesn't now, and never will make America great. Freedom has, is, and always will be the source of America's greatness.
I think he’s holding back a bit....like...if I can get Congress to lower the Corporate taxes and your states siving you incentives (and all states do this), and you STILL insist on going out of the country...we’re gonna put the scr*** to you when you try to sell your stuff here.
(1) Cut taxes, esp. corporate ones, and (2) impose tariffs on companies that leave.
LIKE THIS PLAN!
One problem with this approach is that if you make it only slightly less expensive than it is overseas, you’re basically left with the option of going out of business.
Need to cut the root cause of why it’s so expensive to operate here.
now put the same tariff on the companies that already movedThe globalists aren’t going to like this, but as long as he keeps away from their printing press he should be okay.
Remember this gem?:
At the Bildeberg meeting in 1991 David Rockefeller walked up to Bill Clinton and asked him what he thought about NAFTA.
Clinton replied, “If it’s important to you, Mr Rockefeller, it’s important to me.”
Rockefeller replied, “Thank you, Mr President.”
- David Rockeller
If you are a U.S. company you produce in the U.S., it is just that simple.
Mexico, NYC, et al. You don't have to like it. Just do it.Businesses leave for economic reasons; they stay here for the same reasons.
See table here:
https://en.m.wikipedia.org/wiki/Tariffs_in_United_States_history
A 35% tariff on its face is pretty stupid. Will hurt all parties involved. Except of course govt. Hopefully we will reduce regs and taxes so U.S. companies can remain competitive on the world stage manufacturing.
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
The solution is to make the business enviroment here so godo its’ better for them to stay than to leave.
To try to prevent businesses from leaving because of a bad business environment is as absurd and self-defeating as the Soviets building a wall so their people can’t leave.