Trump Vows 25% Tariffs on Goods From Mexico, Canada Over Border Crisis
Trump also plans on an additional 10% tariff on China.
President-elect Donald Trump vowed to sign an executive order on day one that will impose a 25% tariff on all goods coming into America from Canada and Mexico due to the border crisis.
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump wrote. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
Trump also plans on an additional 10% tariff on China.
“Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico, at levels never seen before,” Trump posted. “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America. Thank you for your attention to this matter.”
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Comments
That is how it’s done.
Simple and effective.
Money talks.
One word:
“Don’t!”
That’s how Bidumb did it!
How that work out?
As well as most of us thought!
Poorly.
“Don’t” does not mean anything if there is no penalty to back it up.
True.
The next step is to tax remittances to Mexico and other hostile nations at 70%. That includes Canada.
The Wall Street Journal editorial board is probably having a cow over this. My economics education tells me tariffs are a bad idea, and I get it, at least the economic theory part. But as Thomas Sowell says, there are no solutions, only trade-offs. We are facing an invasion of both illegal immigrants and dangerous drugs. We also have a huge economy and therefore potential leverage over those who wish to trade with us, if we use it. These tariffs will give our neighbors and China a huge incentive to cooperate with us. Yes, there might be some (hopefully short term) economic pain but it will be better than other alternatives if the tariffs work.
What economic pain? The pain we as Americans must pay the medical bills for drug addicts, the cost of illegals damaging our country, the cost of multiculti education, the depletion of Social Security disability funds, the unlimited free benefits to illegals. That pain?
I’d rather pay a 25% sales tax just to get the freeloaders out of the country.
Yes, reducing all these problems is the benefit, the trade off, but it will take time to reap the benefits, whereas the tariff impact will be felt immediately. This is not a reason not to do it.
what ‘tariff impact’ did we feel during Trump’s first term?
Lets not overlook the benefit of bringing US manufacturing back due to costs of tariffs. Frankly I would impose tariffs equivalent to the cost of compliance with US wages, benefits, taxes and regulations. If you want to make cell phones or widgets in China then pay transportation costs on top of a tariff designed to equal what cost of US production would be …go ahead. No one will stop you.
It’s called leverage.
There is no economic pain. Conventional wisdom out of liberal economic text books and TikTok experts is that we levy tariffs and, as a result, prices go up as a trade war ensues. But missing in that equation is the fact that Xi Jingpin has to keep about a billion people gainfully employed or all hell will break lose. The only way to do that in a tariff situation is to increase the value of the US Dollar to make up the difference. Since China cannot affect U.S. monetary policy the only avenue left open to them is to devalue their currency. After that, all is good.
This is the key – though it is NOT countries that want to “trade with us”. They have no interest in trading with us. THey only want to sell in our economy. They have no desire to buy anything from us (other than technology and expertise)) and they refuse to allow Americans to sell and buy in their countries. This is why the so-called “free trade” is not that. It’s “free importation” for foreigners – a completely one-way operation – basically leaving our economy wide open the same way the left has our physical borders wide open. Neither make any sense and both are damaging to our sovereignty.
No open borders and no open economic borders. People want to come here. We have the luxury of being able to pick and choose who comes in. People/countries NEED to sell here. We have the luxury to pick and choose who is allowed to participate in our economy and we make those decisions based on our national interests and no one else’s.
He should also make it clear we are not paying hundreds of billions per year in climate reparations to “poor countries”
I think that is a given, unless China and India pay 90% of it.
Tariffs are a game of iterated prisoner’s dilemma, to a degree. We ‘cheat’ if they ‘cheat’. If we have open trade but the other side doesn’t , the resultant sludge is not ‘free trade’.
Neither is tariffs and slave labor on their side giving them a one sided advantage.
“are.” Editing too fast.
Indeed. I’m just saying you can’t say we’re disrupting or harming free trade when it doesn’t exist with china for example already.
A much more effective way to deal with Mexico is to stop all remittances to the country from illegal aliens here. With a 1.8 Trillion dollar economy, foreign remittances primarily from the US count for approximately 3% of it or about $500,000,000 year. Right off the top.
No one wants tariffs; foreigners don’t mind American kids dying of drugs they supply. But be careful, you non-Americans, what if the drug problem ends up in our country?
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