Flopper
Diamond Member
- Mar 23, 2010
- 31,654
- 8,779
Trump can threaten companies with a 35% tariff if they move jobs oversea but he has no power to impose that tariff. Only congress can do so and they aren't about to do any such thing. First of all, it would be illegal to single out a single company in a country to tax, second it could set off a trade war, and lastly, it's bad policy.Trump: 35 Percent Tariff for Companies That Ship Jobs Overseas
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It's about time. NAFTA was a mistake that has cost our country dearly. We need to reverse the mistakes of the free traders of the GOP, and sadly, some Democrats too. They've done so much damage. Scrapping TPP is a great start, but going after existing, job-killing trade "deals" is the next step. Sadly, my preferred candidate, Hillary Clinton, had to be dragged kicking and screaming to finally denounce these dubious deals. I'm glad that Trump is speaking out against these "deals". They are rip offs. I didn't vote for him, but I support him on this big time.
Too bad he started off with the stupid Carrier deal. Even the vapid brained Sarah Pallin criticized it. Instead of telling Carrier that they will be heavily taxed for all their imports because NAFTA ain't gonna be law when they complete their Mexican factory, he cuts their taxes by millions of dollars in exchange for just half of the jobs staying in the US. Low Energy! Sad!
If Trump continues his ridiculous threats as president, he's going to be ignored.