Donald Trump isn’t sending the US Military to war against the world…
He’s using import taxes, called tariff’s to fight…
But his latest shot at Mexico…. Nn an attempt to get Mexico to do what he hasn’t be able to do….
Completely shutting down the US/Mexican border ?
THAT has his OWN party lawmakers scared….
They join Trump White House people isn thinking Trump is going too far….
His action could very well deep six the only thing really going for Trump and his party members…
First a tax cut that has middle class Americans paying more…
Now more taxes thru import tariff ‘s which consumers will pay also….
What will these people do ?
Republican lawmakers on Capitol Hill desperately want to convince President Trump to back off his plan to impose tariffs on Mexican imports but disagree over the best strategy moving forward.
“We’ll be having some meetings shortly to talk about it,” Cornyn told reporters ahead of a leadership meeting as lawmakers were returning to Washington on Monday after a weeklong recess. “A lot of concerns [have been] expressed about the unintended consequences and so I’m sure we’ll be visiting with the administration about that,” he added.
Trump’s plan is to impose a 5 percent tariff on Mexican exports starting on June 10, and to raise those tariffs to a maximum of 25 percent in October unless Mexico cracks down on illegal migration across the southern border.
He is showing no signs of relenting, arguing Mexico should immediately stop the flow of Central American immigrants in a tweet sent Monday as the president visited Great Britain and prepared for a formal state dinner with the queen.
“As a sign of good faith, Mexico should immediately stop the flow of people and drugs through their country and to our Southern Border. They can do it if they want!” the tweet said.
Trade has often put Trump at opposite ends from GOP senators, and they have struggled to get him to relent.
Hefty tariffs on Chinese imports and products from the European Union led to retaliation against U.S. exports and were particularly damaging to farm states.
But the tariffs on Mexico’s exports have the potential to be worse, not only because they add to an uncertain global economy already wracked by the trade war with China, but because North American supply chains for automobiles and other products depend on the free flow of goods back and forth across the southern border.
Two major investment banks, Morgan Stanley and JPMorgan Chase, warned Monday that a recession is now more likely before the 2020 presidential election, while one member of the Federal Reserve floated the possibility that interest rates might have to be cut this year because of a slowing economy….