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Mexico warns Trump on tariffs: We'll respond 'immediately'

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posted on Jan, 15 2017 @ 12:50 AM
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a reply to: digital01anarchy

That's interesting, do you have a source for that?




posted on Jan, 15 2017 @ 12:50 AM
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a reply to: digital01anarchy

And somehow the executive orders of other Presidents are different?



posted on Jan, 15 2017 @ 12:52 AM
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originally posted by: Phage
a reply to: Vector99

So, It's ok for Donny to do it but not anyone else?

No one else has tried.



posted on Jan, 15 2017 @ 12:53 AM
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originally posted by: Phage
a reply to: Vector99



Mexico, sorry, imposing a border tax on you will definitely NOT cause a global recession.

Trump did not say anything about restricting his tariffs (which, as President he cannot apply) exclusively to Mexico. Did he?



No, he didn't.

What he said about a "border tax" applies to all US corporations that move to another country to save money regardless of the country they move to.

It's won't be a "Mexico tax". If implemented, it will apply equally regardless of the country the US corps want to import their manufactured goods from.

Mexico is freaking out because it will hit them very hard, and at a very bad time for their gov't. They simply can't afford to lose those investments and jobs that they have come to count on from US corporations.

Reality sucks sometimes...Mexico and every other country that falls under this scenario better get used to it.

Quickly.

edit on 1/15/2017 by Riffrafter because: (no reason given)



posted on Jan, 15 2017 @ 12:54 AM
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As someone who is supposedly a master with business and finances, you would think that with the country in the state its in, the falling of the value of the dollar, and our economy in general, Trump would understand that Tariffs are not a great idea.

He should probably research the Smoot-Hawley tariff, that threw us into the Great Depression, before he decides to go Tariff crazy......

Those who cannot remember the past are condemned to repeat it. -George Santayana



posted on Jan, 15 2017 @ 12:56 AM
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a reply to: Riffrafter



No, he didn't.
Correct.


Doesn't it amount to a tax on American consumers? The government collects the cost differential between foreign and domestic products while we pay the same price.




edit on 1/15/2017 by Phage because: (no reason given)



posted on Jan, 15 2017 @ 12:58 AM
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originally posted by: ManBehindTheMask
the falling of the value of the dollar,

Da fuq? What are you smoking RINO? The dollar has been steadily rising since his election.



posted on Jan, 15 2017 @ 01:00 AM
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originally posted by: Phage
a reply to: Vector99

So, It's ok for Donny to do it but not anyone else?


How is this different then obama ejecting russian diplomats out of our country without congress approval?



posted on Jan, 15 2017 @ 01:02 AM
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a reply to: Vector99
Steadily? Compared to what other currency and when did that rise actually begin?
fred.stlouisfed.org...



posted on Jan, 15 2017 @ 01:04 AM
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a reply to: digital01anarchy



How is this different then obama ejecting russian diplomats out of our country without congress approval?

It isn't.
edit on 1/15/2017 by Phage because: (no reason given)



posted on Jan, 15 2017 @ 01:05 AM
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a reply to: Phage
Has there been any mention of Canada? How long till they start getting booted around as well?



posted on Jan, 15 2017 @ 01:07 AM
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a reply to: Phage


Doesn't it amount to a tax on American consumers? The government collects the cost differential between foreign and domestic products while we pay the same price.

On your edit, it may be a tax on the American consumer temporarily, but the intent will be seen fast. trump is big time on keeping jobs in America. He's an ass, but his mindset isn't flawed. Keep the jobs here. People are working and making money HERE, spending money HERE, manufacturing our swag HERE. When everyone is making more money they have more money to spend to keep up with natural inflation. When jobs and income are outsourced we create a deficit.

It's really not a broken philosophy.



posted on Jan, 15 2017 @ 01:07 AM
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originally posted by: Phage
a reply to: Riffrafter



No, he didn't.
Correct.


Doesn't it amount to a tax on American consumers? The government collects the cost differential between foreign and domestic products while we pay the same price.





In the current circumstances - yes.

We consumers will not be able to get certain goods as inexpensively as we would have without the tax. But the hypothesis is, this is just one tool in an arsenal to really help grow our economy by adding jobs as well as all the money that comes from building the new plants and or upgrading the existing plants. So American's should have more to spend...hypothetically.

But if these companies do move mfg out of the US and want to be competitive, they will have to keep their prices reasonable or americans will simply not buy their goods. In other words, trying to pass the "tax" onto the consumer will just blow up in their face.

It's an isolationist approach of sorts and one that hasn't been tried in many years.

Whether or not it will work, is for economists to argue about. Regardless, it's a gutsy move and I think this country needs a few of those to shake things up and get us moving. Of course, we need the *right* gutsy moves....



posted on Jan, 15 2017 @ 01:08 AM
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a reply to: Vector99




trump is big time on keeping jobs in America.

I've heard his rap.


When jobs and income are outsourced we create a deficit.
When the government spends more that it collects there is a deficit. Tariffs are, in effect, a tax increase on consumers.

edit on 1/15/2017 by Phage because: (no reason given)



posted on Jan, 15 2017 @ 01:10 AM
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originally posted by: Phage
a reply to: Vector99
Steadily? Compared to what other currency and when did that rise actually begin?
fred.stlouisfed.org...

Phage, go back and look at that link again. Then look at what you quoted. Then re-analyze.



posted on Jan, 15 2017 @ 01:11 AM
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a reply to: Vector99

When did the "steady rise" start?



posted on Jan, 15 2017 @ 01:13 AM
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a reply to: Phage

When the line on your chart started going down. It's a comparison of value of dollar-euro. The euro has always been much more than the dollar. Your chart shows them relatively even, meaning either the euro is down or the dollar is UP.

Bourbon oops?



posted on Jan, 15 2017 @ 01:16 AM
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a reply to: Vector99
You didn't answer my question.


oops.



posted on Jan, 15 2017 @ 01:17 AM
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originally posted by: Vector99

originally posted by: ManBehindTheMask
the falling of the value of the dollar,

Da fuq? What are you smoking RINO? The dollar has been steadily rising since his election.


Uhhhh if anyones a RINO its those that voted for Trump........

I actually have the courage of my conservative convictions, which is exactly why I didnt vote for the wolf in sheeps clothing, Trump...

we have seen a little spike in the value, but that doesnt mean jack in the long term, nor is it anywhere NEAR you should probably look at the last 15 yrs to see where we are and where we have been.
edit on 1/15/2017 by ManBehindTheMask because: (no reason given)



posted on Jan, 15 2017 @ 01:19 AM
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originally posted by: D8Tee
a reply to: Phage
Has there been any mention of Canada? How long till they start getting booted around as well?


Oh you leaves just wait till we get to you.



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