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Message
Trump team 5% tariff by executive order
Posted on 12/22/16 at 11:31 am
Posted on 12/22/16 at 11:31 am
LINK
quote:
President-elect Donald Trump’s inner circle is floating the possibility of imposing a tariff on imports through executive action after the inauguration, CNN reported. Multiple sources told CNN that incoming White House chief of staff Reince Priebus has been telling business leaders that Trump is considering a 5 percent tax on imports.
9
Posted on 12/22/16 at 11:33 am to MButterfly
Where did they get
From
?
Oh.
quote:
imposing a tariff on imports through executive action
From
quote:
Multiple sources told CNN that incoming White House chief of staff Reince Priebus has been telling business leaders that Trump is considering a 5 percent tax on imports.
?
quote:
CNN reported
Oh.
Posted on 12/22/16 at 11:35 am to Ingeniero
Facts, CNN struggles with them baw. Give them a break.
Posted on 12/22/16 at 11:35 am to MButterfly
I'll wait to confirm this directly from the Trump camp or a reliable non-fake news source.
Posted on 12/22/16 at 11:36 am to MButterfly
from the article:
I wonder if Trump will question Exxon CEO Rex Tillerson about the thousands of jobs they have off-shored in the last 10 years.
quote:
During the campaign, Trump railed against free trade agreements that he believed brought in too many foreign goods and shipped out U.S. jobs. He vowed to impose a 35 percent tax on imported goods of companies that moved jobs overseas.
I wonder if Trump will question Exxon CEO Rex Tillerson about the thousands of jobs they have off-shored in the last 10 years.
Posted on 12/22/16 at 11:38 am to Big12fan
Why would he? It looks like he wants to tax his own products. Fair enough. 
Posted on 12/22/16 at 11:39 am to GumboPot
quote:
I'll wait to confirm this directly from the Trump camp or a reliable non-fake news source.
This x 1,000
Posted on 12/22/16 at 11:41 am to Zach
Our economy and our trade will be hurt if Trump and his minions start back to Protectionism.
Posted on 12/22/16 at 11:44 am to Big12fan
quote:
I wonder if Trump will question Exxon CEO Rex Tillerson about the thousands of jobs they have off-shored in the last 10 years.
Wut? Please explain that. You do realize there are local content requirements per the country in which you operate correct?
Posted on 12/22/16 at 11:44 am to GeorgeWest
quote:
Our economy and our trade will be hurt if Trump and his minions start back to Protectionism.
Not at all. It's the exact reason why Apple and many other companies are talking about moving back here. They want our market and they are not about to abandon their sales here.
Posted on 12/22/16 at 11:45 am to GeorgeWest
quote:
Our economy and our trade will be hurt if Trump and his minions start back to Protectionism.
You mean Wall Street and the multi national corporations that are represented there will be hurt if their protections are eliminated or reduced.
Posted on 12/22/16 at 11:49 am to Big12fan
quote:
I wonder if any media will question Obama about the thousands of offshore jobs they have lost in the last 8 years.
Posted on 12/22/16 at 11:53 am to idlewatcher
Exxon laid off thousands of US workers in accounting, IT, and other areas and in some cases made the laid off workers train their replacements in order to receive a severence package. I know I worked with a lot of them in Dallas. Their replacments were young entry level Argentines (for accounting).
This post was edited on 12/22/16 at 11:55 am
Posted on 12/22/16 at 12:00 pm to MButterfly
Has there been a country that became better off going from less protectionism to more protectionism? In my country of birth, a Camry costs twice as much as it does here due to tariffs. I'm not keen on spending $50,000 on a Camry.
Posted on 12/22/16 at 12:02 pm to MButterfly
I oppose this and hope he is unsuccessful in this endeavor
Posted on 12/22/16 at 12:03 pm to Big12fan
quote:Why would he?
I wonder if Trump will question Exxon CEO Rex Tillerson about the thousands of jobs they have off-shored in the last 10 years.
Trump has repeatedly said that policy dictated that was good business. Hence, he wishes to change policy
Posted on 12/22/16 at 12:05 pm to Anfield Road
Yes, the United States from 1789-1914.
Posted on 12/22/16 at 12:26 pm to MButterfly
quote:
Trump team 5% tariff by executive order
MAGA, just like the 19th century.
Posted on 12/22/16 at 12:35 pm to GeorgeWest
quote:
Our economy and our trade will be hurt if Trump and his minions start back to Protectionism.
So let me get this straight.
There are people ok with putting extra regulations and taxes on items produced in the US, but not ok with putting those same burdens on items not produced in the US?
The idea is Fair Trade.
The US will win if everything is equal. The US doesn't have to have an advantage.
This post was edited on 12/22/16 at 12:37 pm
Posted on 12/22/16 at 1:59 pm to ShortyRob
quote:
Trump has repeatedly said that policy dictated that was good business. Hence, he wishes to change policy
So after policy change, the jobs will come back?
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