I'd say it's the slippery slope
I'd say it's the slippery slope
White House Floats 20 Percent Import Tax To Pay For Its Mexican Wall — Then Walks It Back
If enacted, American consumers will pay more.
If enacted, such a tariff would likely raise prices for American consumers, as well as violate the North American Free Trade Agreement, inviting retaliatory tariffs from Mexico on American goods. The announcement ― made just hours after Mexican President Enrique Peña Nieto canceled a trade meeting with Trump in response to Trump’s insistence that Mexico would pay for the border wall ― will likely escalate the already-tense relationship between the Trump administration and the Mexican government.
“This is something that we’ve been in close contact with both houses [of Congress] in moving forward and creating a plan,” Spicer told reporters according to the White House press pool report. “It clearly provides the funding and does so in a way that the American taxpayer is wholly respected.”
The top U.S. imports from Mexico in 2015 were vehicles ($74 billion) and electrical machinery ($63 billion). The country is also the second-largest source of agricultural goods imported to the United States.
Assuming the tax would apply to all Mexican exports, Americans could end up paying higher prices on everything from American-made cars, which often rely on Mexican parts, to fresh vegetables and fruits.
In truth, Mexico has a 16 percent value-added tax on all goods, domestic and foreign. The Mexican government reimburses companies in its country for the tax if they export the product, but Mexican companies pay the full tax if they sell the goods domestically. In that way, Mexico still complies with NAFTA by ensuring U.S. goods an “even playing field” in the Mexican market, according to Bivens.
By contrast, Bivens argued, levying a 20 percent tax on Mexican exports into the U.S. market would violate NAFTA by limiting Mexican access to the American market. Mexico would, in turn, be legally entitled to retaliate with a tariff of its own on American goods.
“If you’re trying to make Mexico pay for the wall, this is not how you do it. This is U.S. consumers paying for it,” Bivens concluded.
Seems the new administration is a bit confused
Keep your friends close and your enemies closer.
Another 'fire, ready, aim' moment from the inept Drumpf administration. No worry for his supporters though. They would gladly pay double for the wall to please their orange messiah.Originally Posted by S Landreth
Clearly an indicator of extraordinary leadership from the top.....Originally Posted by Humbert
This wall has really caused you're sphincter to suffer severe contractions.......
On another note; Herr Bannon has told the MSM to just shut up and start listening. He went on to tell them that they still don't understand why Donald is the President..... an observation that has been made by some of our TD commentators quite a few times recently.
We await a new round of executive orders and lots more melting snow in the coming days.....
He's wrong on both counts. And attempts to intimidate the press will only end badly for them.Originally Posted by koman
Do you not understand what it means to "float an idea".... and then dismiss it. It's all about ideas, some of which will "float" until they either sink or swim and they don't become policy until they swim.....Originally Posted by Humbert
There was no link provided with that article (horror of horrors) but it sounds like the typical Washing Post or the NYT trying to make news out of nothing again.
If the wall gets cancelled will you feel really victorious?.....
The peso is tumbling after Mexico's president, Enrique Peña Nieto, says he won't meet with US president Donald Trump.
The peso was down by 1.2% at 21.3175 per dollar.
The currency was up as much as 0.8% at 20.9358 per dollar around 8:50 a.m. ET.
Peña Nieto said on Twitter that he will not go to the US for a meeting with Trump.
This follows Trump's earlier tweet on Thursday morning: "The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting."
Mexican opposition figures urged President Enrique Peña Nieto to cancel the meeting to protest his demand of payment for the border wall, according to reports on Wednesday. Peña Nieto said in a recorded address that was nationally televised, "I regret and reject the decision of the US to build the wall."
Trump told ABC News anchor David Muir in an interview broadcast Wednesday night that he wanted construction on the wall to begin as soon as possible. When Muir asked whether that meant construction would start within months, Trump said, "I would say in months, yeah."
Peso falls after Mexico's president says he won't meet with Trump
Oh yes professor, I have heard of that. But I have a question for you. Why don't they think it through themselves before they put a plan out that is stupid and unfeasible on it's face and end up looking ridiculous?Originally Posted by koman
That's absurd you paranoid/bi-polar piss drinker.Originally Posted by Mr Earl
It was just an "idea" apparently....it might have become a "plan" but it did not. Are you still having difficulty with this " idea" versus "plan" versus "policy" stuff?.....
Looks like the good old press jumping the gun again...in their desperation to find things to complain about....so unusual.
If trump mentioned that he might paint the WH gold, while clearly joking, it would be reported as a New flash by some of these clowns....then they would say he had broken another promise when he left it white....
The word 'plan' became part of the conversation as a retort to RPETER who assertedOriginally Posted by koman
so quibble about the verbiage plan v. idea all you want. The fact is that the Mexican president cancelled his meeting with Trump over this threat of a trade war. Remember Mexico is a 'friend' and it is our second largest trading partner. The US consumer would pay through the nose for this tax. It was stupid, not thought through and now he is facing ridicule for it. So much for The Art of the Deal.Originally Posted by RPETER65
^ Mexican prez has his nuts in a vice over this lol
And that's a good thing according to you? Is Mexico an enemy of the US? Sounds like you think diplomacy should be replaced by bullying.Originally Posted by Slick
It's early, but this is a good sign of his policies. Go Trump!
Approval rating at 59%.
Rassmussan also noted it.
President Trump’s job approval rating hits 59 percent
Voters also agree with key statements in his inaugural address
President Trump's job approval rating hits 59 percent - Washington Times
Not the first time you have used "quibble" in connection with having things like idea and plan pointed out as very different things...which they are, so there is no quibbling at all.....just you squirming and turning.Originally Posted by Humbert
There would obviously be some cost, yes, but the cost to Mexico would be far greater. The next "idea", which could maybe become a "plan" might be to move things like auto parts manufacturing out of Mexico. It would not be that hard to do and that would really start to hurt.Originally Posted by Humbert
The US has a massive trade deficit with Mexico....Trump wants to balance it, and despite all the huffing and puffing from his detractors, he probably will do just that, given time. There are many remedies available and he will use whatever works to his advantage.
The Mexican Pres can stay home if he wants, but he's just missing out on a few good dinners and a bit of guy talk with the Donald.
In any case, when (not if) NAFTA gets opened up, he will have to face up to it. Canada is already on side about re-visiting NAFTA...so Donald does not have to worry about them. US, Canada trade is very well balanced with 35 US states having Canada as their biggest export market and Canada shipping 60%+ of all it's exports to the US. It's the largest cross border trading relationship in the world and nobody want's to mess up something that works so well.
Mexico is the player with a lot to lose here, because it's trade with the US is very unbalanced, but in the end it's pretty sure they will come to the table and work something out....what else is there, except posturing.
In the meantime we can expect every utterance out of the WH to be reported as yet another policy blunder.
So what comes next a Mexico-Russia defense pact with Russian missiles in Mexico.
Sounds fair with US missiles on Russia's borders with Europe.
What a dumb comment.Originally Posted by Mr Earl
I certainly am. When you are the political head, or the government, of a major world nation you do not announce half baked ideas as plans or policies. That just makes you look like a fool and a rank amateur.Originally Posted by koman
Only with Rasmussen. (but already covered by Humbert).Originally Posted by Cold Pizza
Clearly The donald loves to be noticed- and he is being noticed. For all the wrong reasons. It does indeed look like an emerging train wreck.
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