Hmmmm?
He KNOWS Mexico isn’t gonna just gonna stop people from heading to the border…
Is this way of trying to show that Mexico will pay for a border wall with import taxes?
Bear in mind?
Mexico is the second biggest trade partner with America….
A YUGE amount of American manufacturing is in Mexico…
The import tax would start at 5% and raise up to 25% by October…
With this?
Donald Trump will have raised import taxes on a large percentage of what American ‘s buy across the board…..He lays said he wanted others to ‘pay’ America for access to its markets…
The concept of international trade barriers being brought down is going out of the window…
President Trump said Thursday that he planned to impose a 5 percent tariff on all imported goods from Mexico beginning June 10, a tax that he said would “gradually increase” until Mexico stopped the flow of undocumented immigrants across the border.
The announcement, which Mr. Trump hinted at on Thursday morning and announced on his Twitter feed, said the tariffs would be in place “until such time as illegal migrants coming through Mexico, and into our Country, STOP.”
Donald J. Trump
✔@realDonaldTrumpOn June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,..
In a presidential statement that followed, he said that tariffs would be raised to 10 percent on July 1 “if the crisis persists,” and then by an additional 5 percent each month for three months.
“Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory,” the statement said.
Mr. Trump’s anger over undocumented immigrants has been steadily increasing since January, after he failed to force Democrats to give him billions of dollars to build his long-promised wall along the southwestern border….
The tariffs could undermine an economic relationship that has been deepening for decades, and throw into chaos corporate and agricultural supply chains that have essentially worked in a system without tariffs since the 1994 North American Free Trade Agreement. Mexico is on track to become the United States’ largest trading partner, ahead of China and Canada, according to census data through March…
…
Trump has been pressing House Speaker Nancy Pelosi (D-Calif.) to move forward with congressional approval, with the administration sending a formal statement of its plans to Capitol Hill hours before the abrupt tariff move.
A prominent member of the president’s party, Senate Finance Committee Chairman Charles E. Grassley of Iowa, blasted Trump’s move as “a misuse of presidential tariff authority and contrary to congressional intent.” Implementing the tariffs, he said, would “seriously jeopardize passage” of the USMCA.
Even by the standards of an unpredictable presidency, the announcement drew startled reactions from those involved in cross-border commerce….
…
Within 30 minutes of Trump’s tweet, the peso fell about 1.7 percent against the dollar. U.S. bond yields are also plunging, suggesting concerns about the economic impact of the tariffs.
The United States last year exported $265 billion in goods to Mexico, more than to China, Japan and Germany combined. The United States imported $347 billion in goods from Mexico.
Didn’t take long, did it?, for Trump to tear up his own handiwork, the US-Mexico-Canada Free Trade Agreement (so very, very, very much better than bad, evil NAFTA).
It still hasn’t sunk into his rather dense head that diplomacy often consists of strengthening the positive aspects of a bilateral relationship and reconciling or weakening the aspects that lead to conflict. And that that balance requires a lot of study and thought on both sides.
Hence, his completely schizophrenic policy towards China (or japan and the Koreas).
The problem is that most countries leaders have begun to dig in against Trump….
And the American consumer is in for a INCREASE in consumer goods prices along with hardship for farmers and export product companies …
He seems hell bent on fucking up our countries economy like he has with his businesses…
As usual?
Donald Trump’s ‘gut’ tends to get his ass in trouble…
President Trump pushed ahead with plans to impose tariffs on Mexico over the objections of several top advisers, including his son-in-law, Jared Kushner, opting to side with hard-line officials who were advocating the move, according to multiple administration officials and people briefed on their plans.
For several weeks, Mr. Trump’s top economic advisers have been urging the president not to use tariffs to punish Mexico for failing to stop the flow of migrants into the United States. Mr. Kushner, along with Steven Mnuchin, the Treasury secretary, and Robert Lighthizer, Mr. Trump’s top trade negotiator, has warned the move would imperil the president’s other priorities, like passage of a revised North American trade agreement with Canada and Mexico.
But in recent weeks, Mr. Trump, whose anger toward Mexico had steadily grown, suggested the idea of using tariffs…
More…
What’s so damn frustrating is that the President is so seized by animus against immigrants and a desire to bully or punish foreign partners that his policies often produce even more pressure for desperate people to enter the U.S. — legally or illegally, overtly or covertly.
Improving the present lives in their own countries of those who might immigrate to the U.S. is the one effective, rational, non-coercive policy that nearly everyone can honestly agree on: progressive, liberal, moderate and conservative, Democratic and Republican, favoring immigrants or advocating sharp reductions in immigration.
And for that matter the potential immigrants themselves, who’d far prefer to stay in their own country with their own families, friends and culture than to take the risks of attempting to enter the U.S.
But Trump is so hostile to some other nations that his punitive policies have the exact opposite effect: increasing rather than decreasing pressure to immigrate.
He dimly presumes that there is some magic wand that Middle American governments (who already have enough trouble fighting their own gangs and cartels) can somehow wave that will stop their residents from fleeing here. (Or so Trump wants his fan-base to believe).
But — short of establishing efficient totalitarian governments in those countries — they can’t.
Cutting rather than greatly increasing aid to El Salvador, Guatemala and Honduras is massively counter-productive to Trump’s (and Miller’s) aim of reducing Hispanic immigration.
So is trying to “punish” Mexico (for not waving that magic wand) by hurting her economy and making the lives of ordinary Mexicans even more miserable.
Some countries?
Since this knucklehead showed up?
He has fucked with EVERY country EXCEPT Russia….