Tariffs on Mexico

[White_Unifier]

They'll eat some profit to supress the price against the competition, gotta figure in competitor pricing and rate of exchange before raising prices too much.

If all US consumers must pay the tariff equally, then businesses in the US can charge equally.

 

[Tecumsehsbones]

They'll eat some profit to supress the price against the competition, gotta figure in competitor pricing and rate of exchange before raising prices too much.

That's already been done to minimize the impact of other tariffs. There's not much marginal profit left to cut.

This is why "anything worth doing is worth overdoing" is not really a very good motto.

 

[Ocean Breeze]

Congressional Republicans are discussing moves to stop Trump��s tariffs on Mexico. It could be their most defiant act in his tenure.

Congressional Republicans have begun discussing whether they may have to vote to block President Trump��s planned new tariffs on Mexico, potentially igniting a standoff over Trump��s use of executive powers to circumvent Congress, people familiar with the talks said.

The vote also could have the effect of blocking billions of dollars in border wall funding that the president had announced in February when he declared a national emergency at the southern border, the people said. The law gives Congress the right to override the national emergency determination by passing a resolution of disapproval.

GOP lawmakers aren��t eager to be drawn into a conflict with the president. But some feel they might have to take action as consensus grows that the new tariffs would amount to tax increases on American businesses and consumers �� a breach of party orthodoxy.

source: WAPO

 

[B00Mer]

Tariffs on China are good, they have been dumping shitting products onto the US and Canada market far to long without a check.

Tariffs on Mexico over immigration.. he's lost his head..

 

[Twin_Moose]

That's already been done to minimize the impact of other tariffs. There's not much marginal profit left to cut.
This is why "anything worth doing is worth overdoing" is not really a very good motto.

LINK

Instead, importers in the two countries have been sourcing for the same products from alternative locations not targeted by tariffs, the economists said in a report outlining their findings. Vietnam has so far emerged as the largest beneficiary of that diversion in trade flows, gaining an estimated 7.9% of its gross domestic product from those new business, according to Nomura.
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"As tit-for-tat tariff hikes between the US and China increase, so does the cost of importing from each other," the economists wrote in the report dated June 3.
"Some exporters in the US and China may be willing to absorb part of the additional tariff costs in their profit margins, and some multinationals could opt to re-shore production, but the trade literature shows that, over time, the largest response is likely to be trade diversion," they added.
A chart by Nomura showing the beneficiaries of the trade war and their estimated gains. Click to expand.
The U.S. has so far slapped a 25% tariff on $250 billion of Chinese goods, and American President Donald Trump has threatened to apply the same elevated levy on the remaining imports from China worth around $300 billion. In retaliation, Beijing also raised tariffs on billions of dollars worth of American products.
That tariff fight has resulted in the U.S. and China importing fewer goods from each other, especially products subject to higher levies, said Nomura. In addition to Vietnam, the other major beneficiaries from the trade war are Taiwan, Chile, Malaysia and Argentina, the bank said.
Vietnam and Taiwan benefited mostly from additional exports to the U.S., while Chile, Malaysia and Argentina gained by selling more to China, according to Nomura.....More In Link

 

[Twin_Moose]

Congressional Republicans are discussing moves to stop Trump��s tariffs on Mexico. It could be their most defiant act in his tenure.
Congressional Republicans have begun discussing whether they may have to vote to block President Trump��s planned new tariffs on Mexico, potentially igniting a standoff over Trump��s use of executive powers to circumvent Congress, people familiar with the talks said.
The vote also could have the effect of blocking billions of dollars in border wall funding that the president had announced in February when he declared a national emergency at the southern border, the people said. The law gives Congress the right to override the national emergency determination by passing a resolution of disapproval.
GOP lawmakers aren��t eager to be drawn into a conflict with the president. But some feel they might have to take action as consensus grows that the new tariffs would amount to tax increases on American businesses and consumers �� a breach of party orthodoxy.
source: WAPO

WaPo making up their wish list again Lol

Tariffs on China are good, they have been dumping shitting products onto the US and Canada market far to long without a check.
Tariffs on Mexico over immigration.. he's lost his head..

IMO just a threat I'm sure they will come up with an understanding before June 10th

 

[Ocean Breeze]

Trump says tariffs on Mexican imports to take effect next week, warns Republicans would be 'foolish' to try to stop him

President Trump said he plans to go ahead with 5 percent tariffs on goods from Mexico set to take effect next week.

GOP lawmakers are warning of dire economic consequences and discussing plans to block the tariffs, but Trump said he didn't think his fellow Republicans would ultimately decide to intervene.

source: WAPO


..........the Tyrant has spoken.

 

[Danbones]

lol That damned Bezos the conqueerer eh?

 

[Twin_Moose]

Viva La Resistance Lol

 

[Kreskin]

Apparently there will be an immediate 75% tariff on white Ford Broncos.

 

[Ocean Breeze]

GOP senators warn White House they're prepared to block Trump's Mexico tariffs, say they have votes to override a veto

Republican senators told administration officials Tuesday they were prepared to stop President Trump��s effort to impose tariffs on Mexican imports, promising what would be GOP lawmakers�� most brazen defiance of the president since he took office.

Senators told White House and Justice Department officials that there could be a disapproval vote if Trump moves forward �� and opponents say they have enough support to override a veto.

soource: WAPO

 

[Hoid]

GOP floundering as usual.

 

[Walter]

Trump says tariffs on Mexican imports to take effect next week, warns Republicans would be 'foolish' to try to stop him
President Trump said he plans to go ahead with 5 percent tariffs on goods from Mexico set to take effect next week.
GOP lawmakers are warning of dire economic consequences and discussing plans to block the tariffs, but Trump said he didn't think his fellow Republicans would ultimately decide to intervene.
source: WAPO
..........the Tyrant has spoken.

WAPO is no tyrant.

 

[Ocean Breeze]

Dow surges more than 500 points after Federal Reserve chair hints he will act if trade war snowballs

Wall Street had one of the best days of the year, with all three major U.S. indexes closing up at least 2 percent, after Fed Chair Jerome H. Powell signaled the central bank would act if President Trump��s multi-front trade war mushrooms.


source: WAPO

 

[Hoid]

The economy is a house of cards. One headline will take it down

 

[spaminator]

Tariffs on Mexico

wonder if the cost of Mexican fast food will go up?

 

[Tecumsehsbones]

The economy is a house of cards. One headline will take it down

The stock market isn't the economy.

 

[Tecumsehsbones]

wonder if the cost of Mexican fast food will go up?

Son, nothing you get at Taco Bell has ever been within a thousand miles of the Mexican border.

 

[Danbones]

Only the flood waters drowning out the american wheat belt...

Oh wait...I guess that water will eventually become an export.

 

[Cliffy]