As I understand Trump, he is saying that a US company that closes a US plant, ends US jobs, and goes overseas will pay 35% tax on those same goods being imported into the USA.
He did not say he wanted an across the board 35% tariff.
...He did not say he wanted an across the board 35% tariff....
It’s just GOPe spin. Same stuff...different year.
Which is a policy that makes no sense in the long run. It may stop job cuts, but an expanding company could simply build all their new factories overseas.
An economy is an expression of human freedom. It cannot be controlled by the whims of megalomaniacal central planners of either the Sanders or Trump variety. Insane regulations and taxes simply force people to find creative ways around it or go underground.
If it makes economic sense to produce something in another country, then it will be done and it should be done. The consumer is king. Products are not produced for the purpose of giving people salaries and benefits. Labor costs are a necessary evil. Ideally all products would be made without having to pay ANYONE anything to make them.
I heard Preibus make an interesting statement this weekend on some news show. He said that the US taxes every export but has no taxes on any import. I did a double take at the tv, did I hear that right? If so we have to be the absolute stupidest people on the planet.
Fair trade is the ticket. If it is no fees, no taxes, not one penny for a country to send something into the US, then I expect the same terms if we send something into their country.
McCarthy is just doing the bidding of his owners the Chamber of Crony Commerce. He’s their slave along with most of the GOPE.