Hear! Hear!
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 ...
Tariffs strengthen the domestic economy, not weaken it. That is why all of our trading partners ( trading rapists) are freaking out.
Furthermore, from what I am reading, it appears that the threat of tariffs is working.
Mexico is going to visit DC..Who whadda thunk?
Seems promising.
This guy Tom J. Donohue who runs the Chamber of Commerce is public enemy number one. He has spent the last 30 years obsessively trying to destroy this country. He's in his 80s and is as hateful as ever. Hopefully death has set its sights on him. Then we can all dance on his grave.
If you are a deficit hawk and also against import tariffs then you are the biggest hypocrite of all time.
Hear! Hear!
Good point. I should have said I will be adversely affected by higher prices and a a dip in the markets.
Yes yes, from the same people who told us Trumps economic plan would collapse the economy back in 2016...
Bugger off
The USA used to be funded by tariffs before income tax appropriated our money.
For these very reasons Mexico will cease and desist in its efforts to colonize the US.
“Then we can all dance on his grave.”
I don’t believe I’ll be dancing.... more like watering.
Add another one to the list.
Any one see the Sundance repost June 1 following an epic tweet of Trumps vs. the real leadership of Mehico. It was from Jan 19, 2017— of the pendejo Former Mexican Foreign Minister (former, now in the US at NYU!!!?) posted at Conservative Treehouse? The first WEEK of Trump’s Presdency— this a@@clown was threatening what has BEEN happening since- and proudly affiliating with the facilitators— the DRUG cartels! Threatening the US with flooding our borders vs the threat of a wall, and paying for it (the rest of the fareed zakawaka panel are all Soros people, especially the jewish elitist wapo Sidwell Friends grad married to Polish Soros stooge... sikorski). Here is the video link from Treehouse that day:
Seriously— will check if posted already. This clown is LIVING in NYC and is a “professor” now at NYC Wagner— he is FOREIGN, and an agent in place for the Nieto (former prez tagged by El Chapo trial testimony-— as having taken a 100 million USD bribe— the Prez of Mexico— this was his Foreign Minister on this CNN muzzie obamaumao loving fraud Zakaria and 3 other Soros guests).
So- how about the US send this yehoo packing- send this to Trump’s people-back to Mehico for “examination” by his buddy cartellites— No witness protection for him— get him to spill: Here’s his page at NYU: https://wagner.nyu.edu/community/faculty/jorge-castaneda#
Give him to “Sicario”- (a corrupt and stupid former Foreign Minister for Pancho Villa’s leftover government— oh, and a friend of JEB!’s family certainly).
Pertinent to Trump’s recent Tweet— “Do the Drug Cartels and Gangs run the country of Mexico?” Answer— apparently, yes.
Just a thought— how many would like to see a “Clean up on Aisle One” “Munich” (the movie) mossad style removal of these agitprops. Removal being a “nice” term within the range of “deportation” to “wetwork”?.
Correct. No wage earner is hurt.
Me-Hee-Co & China hardest hit.
I can do without guac for a year.
Its NOT an embargo. You will still see plenty of avocados in the store!!!!!
I stopped right there. Schoen's Ivory Tower mentality is slipping through. Tens of millions of illegal aliens aren't a problem if you live in a gated community.
Schoen is smart enough to hire Jessica Tarlov whose voice has caused men to rip their ears off.
...and women, too! Press that mute button, quick!
The US government used to be much smaller and live closer to its Constitutional limits.
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