GAME OVER MAN! GAME OVER!!!
Posted on 05/31/2019 3:08:33 PM PDT by ransomnote
At present the U.S. is involved in a protracted trade war with China that has yielded nothing in concessions from Beijing, cost U.S. companies and consumers billions, obliterated $5 trillion from the stock market, and is threatening to tip the economy into a recession. At the White House, Donald Trump has learned the lessons of this failed strategy and decided to…drag the U.S. into another unwinnable trade war, this time with one of our neighbors and largest trading partner.
Yes, Tariff Man announced Thursday night that starting June 10, he will impose a 5 percent tariff on allMexican imports, a levy that will “gradually increase” all the way to 25 percent until undocumented immigrants stop crossing the border. Tariffs, of course, are usually used to counter trade violations as opposed to being a blunt instrument to deal with border security, but reason and logic have no place in this administration. If they did, someone would have likely been able to get it through Trump’s head that this move will badly damage the U.S. interests, a point that has thus far eluded him.
An across-the-board tariff on all Mexican goods would exact a serious toll on American consumers and corporations, and is likely to generate significant opposition among businesses. Rufus Yerxa, the president of the National Foreign Trade Council, which represents the nation’s largest exporters, called the move “a colossal blunder.”
Mexico is Washington’s largest trading partner, sending across the border items like tomatoes, cars, and rugs. Mexico sent the United States $346.5 billion of goods last year—meaning that a 5 percent tariff on those products would amount to a tax increase of more than $17 billion. Most of the costs would then be passed on to businesses and consumers. Mexico’s deputy foreign minister for North America, Jesús Seade, said at a hastily arranged news conference on Thursday that Mr. Trump’s announced tariffs would be “disastrous” and suggested Mexico could retaliate against American products.
The primary source of the blame for the mess at the border at its foundation lies with congressional Democrats who care not one whit about this country. All is subordinated to importing votes for the Democrat party and the nation be damned. This could all be stopped by passing a bill to end catch and release which Dems have blocked for years because they want to import poverty to the country as it means votes and perpetual power for them.
the left’s idea of winning a war is to give the enemy everything they want, and never act strong, it might scare the enemy
Mexico has already sent a team to Washington to negotiate the surrender terms.
Trump believes in us. The Dem, their paymasters, and the Press don’t.
BUY!!!
Considering that most of those “concerned” about this tariff announcement already hate President Trump, their bleating reinforces my belief that he is doing the right thing.
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This!
And he's using tariffs because it's his last resort since he can't get anything done by Congress.
How dare Trump upset thevstatus quo...
Doesn’t he realize how much money Democrats are making selling influence in the new system?
I imagine Bess has done amateur porn, though...
I doubt it will even get to the 5% on June 10th. Took what, an hour? for Mexico to want a meeting with Trump.
Unlike many others here I look forward to the tariff, not easy for companies to move but if it were long term, companies would resort to building in the US and I think, overall as a country, we need to be more self sufficient.
“But then, they always blame America first.” Ambassador Jeanne Kirkpatrick.
It's not just the Democrats (Republicans too). The whole den of iniquity in DC is crooked. There might be a handful that are honest/decent.
The popular year book editors have arrived.
Little Bess here was a women and gender studies major who never took an economics class in college.
Professor Bess has concluded authoritatively that the tariffs are a failure...
‘Guess Mexico will be paying for that wall after all—just in 5% installments. :/
Pretty much the way I see it as well.
Democrats have been aided by Bush League Republicans in making and perpetuating this mess.
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