Posted on 06/06/2019 2:50:16 PM PDT by Innovative
White House press secretary Sarah Sanders said late Thursday afternoon that the US is still moving forward with tariffs on Mexico, following a day of continued negotiations between high-ranking US officials and their Mexican counterparts.
Sanders, in a statement, said the US "position has not changed, and we are still moving forward with tariffs at this time."
President Donald Trump's threatened tariffs are set to go into effect Monday. The White House has indicated that the US intends impose a 5% tariff on all Mexican imported goods immediately if no agreement is reached by then, with the levy rising steadily each month to a cap of 25% by October if no deal is reached.
(Excerpt) Read more at cnn.com ...
I like Broccoli, but I can live without it.
Screw the negotiations, we should just tell the Mexicans we are imposing a 15% tariff for 6 months with the funds allocated for a full coast-to-coast wall...whether they like it or not. Mexico would pay for it and Trump would be re-elected in a landslide.
We reaffirm our belief in the protective tariff to extend needed protection to our productive industries. We believe in protection as a national policy, with due and equal regard to all sections and to all classes. It is only by adherence to such a policy that the well being of the consumers can be safeguarded that there can be assured to American agriculture, to American labor and to American manufacturers a return to perpetrate American standards of life. A protective tariff is designed to support the high American economic level of life for the average family and to prevent a lowering to the levels of economic life prevailing in other lands.
In the history of the nation the protective tariff system has ever justified itself by restoring confidence, promoting industrial activity and employment, enormously increasing our purchasing power and bringing increased prosperity to all our people.
The tariff protection to our industry works for increased consumption of domestic agricultural products by an employed population instead of one unable to purchase the necessities of life. Without the strict maintenance of the tariff principle our farmers will need always to compete with cheap lands and cheap labor abroad and with lower standards of living.
The enormous value of the protective principle has once more been demonstrated by the emergency tariff act of 1921 and the tariff act of 1922.
We assert our belief in the elastic provision adopted by congress in the tariff act of 1922 providing for a method of readjusting the tariff rates and the classifications in order to meet changing economic conditions when such changed conditions are brought to the attention of the president by complaint or application.
We believe that the power to increase or decrease any rate of duty provided in the tariff furnishes a safeguard on the one hand against excessive taxes and on the other hand against too high customs charges.
The wise provisions of this section of the tariff act afford ample opportunity for tariff duties to be adjusted after a hearing in order that they may cover the actual differences in the cost of production in the United States and the principal competing countries of the world.
We also believe that the application of this provision of the tariff act will contribute to business stability by making unnecessary general disturbances which are usually incident to general tariff revisions.
I am so stealing that!
Yes small minds always use static models when they don’t apply. You have small mind.
How am I going to be able to afford avocados and Corzo Anejo tequila now?
Manufacturing is not really that labor intensive. A 10% would do it. If it would require a 50% tariff to make manufacturing profitable in the USA then NOTHING would be made in the USA. I mean nothing.
A 5% tariff IS NOT AN EMBARGO. LOL!!!1 The economic stupidity is astounding.
To compare the size of the tariff income, the US govt. spends a $1B every 6 hours on deficit spending.
A 5% tariff will hardly affect consumers at all. Most won’t notice it at all even if all of the tariff is passed on.
Peru and Chile must be gearing up to enhance their position in certain food markets. American tomato growers will probably construct some new warehouses. The Mexican cattle industry (much of which is controlled by US investors), can move back to the USA. Sale of Mexican lard will be reduced (thank God!). The 99 Cent Stores will have to call themselves the One Dollar Five Cent Store.
Starting to cook homemade Italian food. All I need is some good Italian tomatoes and Semolina flour.
Have no need for MX products
Good. A small whiff of the grape to get their attention.
Isn’t it special that some Republican US Senators aren’t supporting President Trump? Wonder if it has anything to do with their deep pocket donors. Reality check.....if corporations behaved responsibly, they’d absorb the tariff by cutting down on higher-level employees salaries and benefits. They could also bring some manufacturing and agriculture back home.
Why don’t we just negotiate directly with the Cartels?
I forgot about the Breck girl.
Thanks for the laugh.
Obama was master of the fake ‘line in sand’.
I doubt it costs more than three bucks to make a Nike Shoe.
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