President Donald Trump announces 5% tariff on all goods from Mexico

May 2018
6,401
4,281
Chicago
#1
OK, when is enough enough? This man has to be stopped.

"President Donald Trump on Thursday announced the U.S. would impose a 5% tariff on all goods coming in from Mexico this June, a punishment for what he says is the country's willingness to let refugees transit its borders en route to the U.S. to claim asylum.

The plan would call for increasing the tariffs further, going as high as 25% by October if Mexico didn’t curb migration.

White House officials said they were confident that Mexico could resolve the problem of migration that Trump and U.S. lawmakers have been unable to address.

"If that means taking the tariffs to 25%, that means taking the tariffs to 25%," said acting White House chief of staff Mick Mulvaney. "We hope, sincerely hope it does not come to that."

President Trump announces 5% tariff on all goods from Mexico

It's as if we're allying held hostage to what this madman idiot does.
 
Likes: Clara007
Jun 2018
5,837
1,354
South Dakota
#3
A lot of small businesses, mostly Mexican businesses, will suffer greatly from this. When the incentive to cross the border to buy pharma products because of lower prices is removed the pinch will get worse. The effect will be small over the summer but gets huge in the fall and winter, particularly when the thousands of Canadians show up for their winter retreat from the frozen tundra.
Political pressure will be huge to bring an end to the madness of allowing unchecked hoards of central Americans to cross Mexico to get to the US.
 
Jul 2014
14,742
9,013
massachusetts
#5
A lot of small businesses, mostly Mexican businesses, will suffer greatly from this. When the incentive to cross the border to buy pharma products because of lower prices is removed the pinch will get worse. The effect will be small over the summer but gets huge in the fall and winter, particularly when the thousands of Canadians show up for their winter retreat from the frozen tundra.
Political pressure will be huge to bring an end to the madness of allowing unchecked hoards of central Americans to cross Mexico to get to the US.
If someone is crossing the border to fill their prescription, the price went down, the savings got bigger.
The price goes up for Americans buying stuff in the us, that was made in Mexico, like a Toyota or a Ford.
 
Likes: Clara007
Dec 2006
26,663
11,819
New Haven, CT
#6
A lot of small businesses, mostly Mexican businesses, will suffer greatly from this. When the incentive to cross the border to buy pharma products because of lower prices is removed the pinch will get worse. The effect will be small over the summer but gets huge in the fall and winter, particularly when the thousands of Canadians show up for their winter retreat from the frozen tundra.
Political pressure will be huge to bring an end to the madness of allowing unchecked hoards of central Americans to cross Mexico to get to the US.
Do you know something the leading economists in the nation don't?
Every article I've read has stated - without qualification - the two most hard hit groups with this tariff will be American farmers and American car manufacturers.
 
Feb 2019
1,623
393
here and there
#7
OK, when is enough enough? This man has to be stopped.

"President Donald Trump on Thursday announced the U.S. would impose a 5% tariff on all goods coming in from Mexico this June, a punishment for what he says is the country's willingness to let refugees transit its borders en route to the U.S. to claim asylum.

The plan would call for increasing the tariffs further, going as high as 25% by October if Mexico didn’t curb migration.

White House officials said they were confident that Mexico could resolve the problem of migration that Trump and U.S. lawmakers have been unable to address.

"If that means taking the tariffs to 25%, that means taking the tariffs to 25%," said acting White House chief of staff Mick Mulvaney. "We hope, sincerely hope it does not come to that."

President Trump announces 5% tariff on all goods from Mexico

It's as if we're allying held hostage to what this madman idiot does.
If you notice, due to the tariffs the Fed has backed away from raising interest rates as those interest rates head downward.

Now I'm not saying this is the only reason for him wanting tariffs, but my guess is that it is part of the big picture.
 
Likes: Sabcat
May 2018
6,401
4,281
Chicago
#8
Apr 2013
38,103
26,109
La La Land North
#9
A lot of small businesses, mostly Mexican businesses, will suffer greatly from this. When the incentive to cross the border to buy pharma products because of lower prices is removed the pinch will get worse. The effect will be small over the summer but gets huge in the fall and winter, particularly when the thousands of Canadians show up for their winter retreat from the frozen tundra.
Political pressure will be huge to bring an end to the madness of allowing unchecked hoards of central Americans to cross Mexico to get to the US.
How will American tariffs affect Canadian tourists?
 
Mar 2019
2,574
576
Texas
#10
The people with the least amount of money is who will suffer the most. Goods will increase in price because now there will be tarrifs on the fundamentals of basic life when you account for the flooding and new rising cost of goods.