• White House spokesman: Trump calling for 20 percent tax on imports from Mexico to pay for THE WALL
    82 replies, posted
[QUOTE=Alec W;51731388]Good thing he had all of his MAGA hats made in Mexico BEFORE he slapped that 20% tax on there.[/QUOTE] All of his campaign gear was manufactured in Louisiana, which last time I checked my map, was in the United States. And since nobody wanted to read past the headline, here is his actual proposition for Mexico paying for the wall. Executive order: [QUOTE=whitehouse.gov] Sec. 9. Foreign Aid Reporting Requirements. The head of each executive department and agency shall identify and quantify all sources of direct and indirect Federal aid or assistance to the Government of Mexico on an annual basis over the past five years, including all bilateral and multilateral development aid, economic assistance, humanitarian aid, and military aid. Within 30 days of the date of this order, the head of each executive department and agency shall submit this information to the Secretary of State. Within 60 days of the date of this order, the Secretary shall submit to the President a consolidated report reflecting the levels of such aid and assistance that has been provided annually, over each of the past five years. [/QUOTE] [URL="https://assets.donaldjtrump.com/Pay_for_the_Wall.pdf"]From his website in PDF form[/URL] [QUOTE=donaldjtrump.com] Introduction: The provision of the Patriot Act, Section 326 -the "know your customer" provision, compelling financial institutions to demand identity documents before opening accounts or conducting financial transactions is a fundamental element of the outline below. That section authorized the executive branch to issue detailed regulations on the subject, found at 31 CFR 130.120-121. It's an easy decision for Mexico: make a one-time payment of $5- 10 billion to ensure that $24 billion continues to flow into their country year after year. There are several ways to compel Mexico to pay for the wall including the following: * On day 1 promulgate a "proposed rule" (regulation) amending 31 CFR 130.121 to redefine applicable financial institutions to include money transfer companies like Western Union, and redefine "account" to includewire transfers. Also include in the proposed rule a requirement that no alien may wire money outside of the United States unless the alien first provides a document establishing his lawful presence in the United States. * On day 2 Mexico will immediately protest. They receive approximately $24 billion a year in remittances from Mexican nationals working in the United States. The majority of that amount comes from illegal aliens. It serves as de facto welfare for poor families in Mexico. There is no significant social safety net provided by the state in Mexico. * On day 3 tell Mexico that if the Mexican government will contribute the funds needed to the United States to pay for the wall, the Trump Administration will not promulgate the final rule, and the regulation will not go into effect. * Trade tariffs, or enforcement of existing trade rules: There is no doubt that Mexico is engaging in unfair subsidy behavior that has eliminated thousands of U.S. jobs, and which we are obligated to respond to; the impact of any tariffs on the price imports will be more than offset by the economic and income gains of increased production in the United States, in addition to revenue from any tariffs themselves. Mexico needs access to our markets much more than the reverse, so we have all the leverage and will win the negotiation. By definition, if you have a large trade deficit with a nation, it means they are selling far more to you than the reverse - thus they, not you, stand to lose from enforcing trade rules through tariffs (as has been done to save many U.S. industries in the past). * Cancelling visas: Immigration is a privilege, not a right. Mexico is totally dependent on the United States as a release valve for its own poverty - our approvals of hundreds of thousands of visas to their nationals every year is one of our greatest leverage points. We also have leverage through business and tourist visas for important people in the Mexican economy. Keep in mind, the United States has already taken in 4X more migrants than any other country on planet earth, producing lower wages and higher unemployment for our own citizens and recent migrants. * Visa fees: Even a small increase in visa fees would pay for the wall. This includes fees on border crossing cards, of which more than 1 million are issued a year. The border-crossing card is also one of the greatest sources of illegal immigration into the United States, via overstays. Mexico is also the single largest recipient of U.S. green cards, which confer a path to U.S. citizenship. Again, we have the leverage so Mexico will back down. Conclusion: Mexico has taken advantage of us in another way as well: gangs, drug traffickers and cartels have freely exploited our open borders and committed vast numbers of crimes inside the United States. The United States has borne the extraordinary daily cost of this criminal activity, including the cost of trials and incarcerations. Not to mention the even greater human cost. We have the moral high ground here, and all the leverage. It is time we use it in order to Make America Great Again. [/QUOTE]
[QUOTE=Trek;51732245]Well I think lossing an over 300 mil. consumer market would hit Mexico pretty hard. Honestly, there is possibly no better market to be in than the US. Which is why US have always been so protectionist. They have to balance between free trade and globalization and protecting their own economy. I guess Trump wants to tip the balance more in favour of the US in-country production, but I guess it's impossible to actually make the situation better, when loosing "the war" on the home-front. The whole situation reminds me of how in Poland there are two parties who get elected "diagonally", and whenever they need some propaganda, their rat on each other to the EU, while the country's economy suffers because of shitty PR. The dems could burn the US to the ground if that could get them to where the power is. Which is what they do. This will go down in history, because I don't think it ever happened that the media would spin shitting on the president of a country to this level. But that's just my two cents. Edit: shit, I took really too long to write this lithany. Of course, that US economic situation will be in for a rougher ride for some time, but I wonder how the situation will develop with the industry coming back to the US and being treated supposedly quite well by Trump administration. This matter is quite complicated, so for now I'd expect either that the US will become the best country on Earth again, or will be absolutely destroyed. However, it's more likely that it will be something in between, with a slight balance tip to one side or the other.[/QUOTE] Absolutely delusional. The US has been anything but protectionist for nearly a century. The US has been the major consumer of foreign goods in the world for it's entire modern history, particularly, Chinese goods. And then you have the gall to blame Democrats for the actions of a Republican controlled House, Senate and Presidency. Fucking "PR"? It's them rightfully complaining about Trump's policies what will bring the US down?
[QUOTE=Stick it in her pooper;51732314]All of his campaign gear was manufactured in Louisiana, which last time I checked my map, was in the United States. And since nobody wanted to read past the headline, here is his actual proposition for Mexico paying for the wall. Executive order: [URL="https://assets.donaldjtrump.com/Pay_for_the_Wall.pdf"]From his website in PDF form[/URL][/QUOTE] [QUOTE=Code3Response;51728424]So he wants to limit private peoples' wire transfers. Seems legit. He wants to impose tariffs. Seems legit. [URL="https://www.usaid.gov/sites/default/files/documents/1862/USAID-Mexico-CDCS-with-Addendum-1-as-of-Nov-2015.pdf"]Not like we do a billion dollars of trade daily across the border[/URL] Lets make that worse. Fucking with Mexico is the worst thing the US can do. How much money in aid did we give Mexico in FY2016? [URL="https://explorer.usaid.gov/cd/MEX?measure=Obligations&fiscal_year=2016"]~%100 Million.[/URL] Thats not going to pay for a wall. But ok, what about FY2015? [URL="https://explorer.usaid.gov/cd/MEX?measure=Obligations&fiscal_year=2015"]~1Bn[/URL]. Shit. That still isnt going to pay for a wall.[/QUOTE]
[QUOTE=Trek;51732245] Of course, that US economic situation will be in for a rougher ride for some time, but I wonder how the situation will develop with the industry coming back to the US and being treated supposedly quite well by Trump administration.[/QUOTE] The industry won't though. In many cases jobs previously held will disappear, [url=http://www.cargroup.org/?module=Publications&event=View&pubID=148]as I have already mentioned for one such industry[/url]. While some production may return to the US in spite of this, automation will be prevelent among [QUOTE=Trek;51732261]With 20% tax it's likely that those companies will change sources of import, because in this kind of situation, you basically never raise the prices, not by ~20% especially. They're gonna take the hit for some time, and then look for solution. [/QUOTE] Changing source of import for large scale industry is not like going and buying food from a different grocery stores. You would see prices of everything rise, as there is less competition on the market. As an example, for something like produce, demand would outstrip supply. US producers would be able to charge more, thanks to Mexican prices being higher. Ramping up production to meet the demand would be liable to take several years, and be questionable considering the the next president could just as easily reverse mexico tariffs. For a industry which produces a unique component, plants are not cheap to build and take time. Forcing a relocation could very well be more expensive than increasing the price slightly, taking a marginal hit in sales, and taking the rest of the lost themselves. And keep in mind, it's not always the entire product. You could see a 20% increase in cost of a part, which is assembled in the US, work out to be a 4% increase in the final product price. Not much, but it still leaves America footing the bill. In any case, there is no way to get Mexico to pay for the entirety of the wall short of them voluntarily doing so. Any other method will impact Americans and result in it costing them money.
Man, prices on agricultural imports are going to sky-rocket in response, aren't they?
[QUOTE=Stick it in her pooper;51732314]All of his campaign gear was manufactured in Louisiana, which last time I checked my map, was in the United States. And since nobody wanted to read past the headline, here is his actual proposition for Mexico paying for the wall. Executive order: [URL="https://assets.donaldjtrump.com/Pay_for_the_Wall.pdf"]From his website in PDF form[/URL][/QUOTE] I don't get it, he's going to make agencies report how much foreign aid Mexico receives from the US? A stat we already know? That alone won't even remotely pay for the wall. His proposals you listed even still include a tariff. The last point doesn't even make any sense, how will raising the cost of visas pay for the wall? It says "even a small increase would pay for the wall" but then says that just over a million visas are issued a year. The wall will cost billions of dollars, unless the visas each cost literally thousands of dollars it won't pay for shit on its own.
[QUOTE=Zero-Point;51732365]Man, prices on agricultural imports are going to sky-rocket in response, aren't they?[/QUOTE] Yup. Besides demand outpacing non-Mexican supply resulting in price increase, you also have Mexican workers forming a very large part of farm workers. If you start restricting the ability for foreign farm workers, costs are also going to rise there. And that's ignoring things which are extremely climate dependent/largely or entirely produced in mexico.
[QUOTE=nerdster409;51731338]What are you talking about? I'm doing just fine in my AMC Pacer.[/QUOTE] Funny you say that, because it's the domestic brands that will be hurt the most by this. Of the four Fords I own two were built in Mexico.
[QUOTE=Ricenchicken;51731723]I told my parents about everything trump has done since the inauguration and some of the things they said: "good, so? who cares?" (about the 20% tax) "OMG YOU'RE SO LIBERAL AND STUPID YOU DONT KNOW." (after I said Trump is going to economically and environmentally ruin this country) "WHAT HAS MEXICO DONE FOR OUR COUNTRY? THEY'RE RUN BY A DRUG CARTEL" (discussing the wall/tax) "THE WALL IS GREAT" (discussing the wall) "Trump has done more than Obama has done in a week" deflecting on other presidents like most trump supporters do it seems "what news do you read? news just tries to find the bad they don't talk about any of the good he's done so far" (when discussing them trying to censor the media) Lol... help guys, I really don't understand how this is even coming out of my parent's mouths.[/QUOTE] Take the family car away and park it in your spot (if you don't live with your parents), when they ask why just say "good, so? who cares".
[QUOTE=Firecat;51732483]Now that I'm thinking about it and I'm in the northern rural US I literally see no immigrants, is it actually bad in the southern areas? Like what is the point of focusing on building the wall so much, is it an economical impact of immigrants or safety etc, or is just a metaphorical fuck you we're america and are american thing[/QUOTE] In Charlotte there are a lot of Indians but that is about it.
[QUOTE=Lolkork;51731350]Trump is gonna get impeached within a month. Unfortunately this means that a large amount of Americans will lose faith in democracy.[/QUOTE] There was democracy to lose faith in? The parties are private and submit basically who they want as their candidate, then the vast majority of states are 'Winner takes all' for the 538 votes that actually count
[QUOTE=Big Dumb American;51731479]Hello, major economic collapse.[/QUOTE] Didn't you say the real estate market going to collapse?
Well the first time the GOP held majority in all branches of Government we had this thing called The Great Depression. The second time it happened we gave almost a trillion tax dollars to banks and had a recession. So I wonder what round 3's going to hold in store
[QUOTE=TheTalon;51732594]Well the first time the GOP held majority in all branches of Government we had this thing called The Great Depression. The second time it happened we gave almost a trillion tax dollars to banks and had a recession. So I wonder what round 3's going to hold in store[/QUOTE] Is this really only the third time it's been majority republican in gov?
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