Trump wants to impose a 33% tariff on US company imports (Reagan, lobbyists)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Do you really need to ask that question? He just stirred up international anxiety by breaking a 40 year precedent, because he's too dumb and reckless to learn how diplomacy works.
Nixon's One-China Policy was both unnecessary and a mistake.
Trump is free to take a new direction regarding policies with China and Taiwan.
Quote:
Originally Posted by Freak80
Will it be called the Smoot-Hawley-Trump Tariff?
No, because it's not a tariff on imported foreign goods.
Quote:
Originally Posted by PCALMike
And no tariffs on foreign companies? Only American companies? He cant just slap a tariff on American companies without also slapping a tariff on companies from the rest of the world and a huge trade war will ensue.
Well, yes he can target only US-based manufacturers.
Quote:
Originally Posted by sware2cod
Indiana just spent $7 million on the salaries for 700 workers.
That would be the long and short of it. It's Crony Capitalism & Corporate Welfare at its finest.
Quote:
Originally Posted by Capsuleneo
Bottom line is people are willing to work for far less in other countries.
Just because you can't get by on $0.28/hour doesn't mean other people cannot.
Best post of the thread, eloquently and efficiently expressed in only five words.
If it puts America to work doing real jobs, it will be money well spent compared to all the welfare, stupid unproductive government jobs and crappy roads I have to pay for. I don't get squat for the taxes I am coerced into paying. But I am finally getting representation, as demanded.
Tariffs will take care of these problems. If you can't make it here, we will all be paying 40% more for it. So either we learn to make those things, or end up being poor as a nation. The choice is ours. You can pout about it, or get ready to work, and perhaps earn a good living in the process. If you are not, than I'm sure someone else will seize the opportunity, if the price is right.
Do you really think that Walmart & the Koch Bros. will allow Trump to impose tariffs?
The entire purpose of tariffs and tax breaks for American companies is to help create and keep jobs for Americans. If they just have a small office staff in the US and all the other jobs are overseas that defeats the purpose of those corporate advantages. This is one of the policies Trump had that I totally agreed with and I hope he continues to follow through.
Except he is doing as I say, not as I do. His Macy's line should have been first as should his Chinese steel. Until he wishes to end his personal dealings with foreign companies or subject his own personal dealings to the same scrutiny, than I can't take this policy serious, like his Carrier deal. Trump is such a hypocrite that it is sickening, yet so many people bought his act hook, line and sinker. P.T. Barnum was right, a sucker was born every minute.
Do you really think that Walmart & the Koch Bros. will allow Trump to impose tariffs?
To be fair though, Walmart DOES have a larger amount of "made in the USA" branded items that they sell in their stores. The fact remains Trump is a YUGE stakeholder in a number of trades that should be subject to these tariffs as well. As I mentioned above he has two choices:
End these dealings prior to being subjected to the tariffs.
Subject his business dealings to these tariffs.
If he does neither of those two should this pass congress, he would easily be found as a corrupt politician (not that I need more proof already.)
I would call it a road use fee, not a tax, on most if not all imports. VAT tax is used by many countries on imported goods so let's get on board with it.
what's so wrong with this import tax? Did you do any research before you voiced your opinion? Go take a look at the import taxes already in place all over the world.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Until he wishes to end his personal dealings with foreign companies or subject his own personal dealings to the same scrutiny, than I can't take this policy serious, like his Carrier deal. Trump is such a hypocrite that it is sickening, yet so many people bought his act hook, line and sinker. P.T. Barnum was right, a sucker was born every minute.