Trump's tariff plan could boomerang, spark trade wars with China, Mexico

[TNHarley]

Trump's tariff plan could boomerang, spark trade wars with China, Mexico
Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports may have won him votes in Republican primaries but they would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains.
The Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession, former trade negotiators, trade lawyers, economists and business executives told Reuters.
Among those hardest hit would be the U.S. auto industry, which has fully integrated Mexico into its production network. Some $118 billion worth of vehicles and parts flowed north and south across the border tariff-free last year, according to U.S. Commerce Department data.
A 35 percent tariff would raise costs for Ford Motor Co's U.S.-assembled F-series and medium-duty pickup trucks that use Mexican-made diesel engines, one of its most profitable vehicle lines. (Graphic on U.S.-Mexico auto and parts trade: tmsnrt.rs/1UN3wun)
Ford CEO Mark Fields on Wednesday defended the company's investment strategy, which includes $9 billion for U.S. plants over the next four years, saying, "We will do what makes sense for the business."
Buyers of Fiat Chrysler Automobiles NV's popular Ram 1500 pickup trucks assembled in Saltillo, Mexico, could see their $26,000 base price pushed up by $9,000 if the tariff is fully passed on to consumers. A Chrysler spokesman declined to comment on Trump's statements.
--------
severely disrupting U.S. manufacturers that increasingly depend on global supply chains.
Oh you mean, their cheap labor wouldn't matter? Wont that be terrible?
I think a little hardship is necessary in order to fix problems of this magnitude. Just being realistic. Band-aids don't work. And neither do more unfair trade deals.
I also don't give a crap about trade wars with mexico and china. What are they going to do? Raise the prices of foreign product that we don't HAVE to have? Who cares if it means we benefit in the long run? They don't seem to go over the specifics of that.. They never do. Just doom and gloom for the elites.
Once we get the market going with jobs and American production, we go free trade. I think that sounds PERFECT.
We are only running a 125 billion dollar trade deficit this year and its only March.

 

[Stephanie]

and so what? we should continue being screwed over because it might upset China, and other foreign counties?

they are the part of the blame for where our country is now with thanks to these snake politicians like Bill Clinton and NAFTA and now Obama.

 

[TNHarley]

and so what? we should continue being screwed over because it might upset China, and other foreign counties?

they are the part of the blame for where our country is now with thanks to these snake politicians like Bill Clinton and NAFTA and now Obama.

Don't forget about the republicans that support it

 

[TNHarley]

Which, I would bet more republicans favor this shit over the left..

 

[defcon4]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

 

[NYcarbineer]

and so what? we should continue being screwed over because it might upset China, and other foreign counties?

they are the part of the blame for where our country is now with thanks to these snake politicians like Bill Clinton and NAFTA and now Obama.

More Republicans than Democrats voted for NAFTA. NAFTA was essentially a Republican initiative signed by Clinton in one of his act-like-a-Republican moments. He was a centrist, remember?

 

[Freewill]

and so what? we should continue being screwed over because it might upset China, and other foreign counties?

they are the part of the blame for where our country is now with thanks to these snake politicians like Bill Clinton and NAFTA and now Obama.

Don't forget about the republicans that support it

It took a democrat pushing harder than anything else in his terms to get it done.

 

[Iceweasel]

I don't know the details and don't pretend to be an economist but the assumption seems to be everything else stays the same. We need to drastically lower taxes on businesses and ease up on the massive mountain of regulation.

 

[TNHarley]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

I believe in collective bargaining, but not through a union. Especially American Unions.
25 bucks an hour to tighten a bolt on an assembly line? WTF?

 

[NYcarbineer]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

See? Another 'let's start paying China wages so we can get the jobs back'...

 

[NYcarbineer]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

I believe in collective bargaining, but not through a union. Especially American Unions.
25 bucks an hour to tighten a bolt on an assembly line? WTF?

Where is someone making that for only doing that?

 

[TNHarley]

We need to drastically lower taxes on businesses and ease up on the massive mountain of regulation.

I agree. I think regulation is in order at this point though. Not necessarily on American businesses that produce here, though.

 

[TNHarley]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

See? Another 'let's start paying China wages so we can get the jobs back'...

No one condones slave labor. That's why so many people are against this shit. But you have to be realistic.

 

[TNHarley]

Fuck them! We need to get manufacturing back into the U.S. Of course, unions need to be reined in because they ruined domestic industries. Manufacturing needs to be invigorated in right to work states.

I believe in collective bargaining, but not through a union. Especially American Unions.
25 bucks an hour to tighten a bolt on an assembly line? WTF?

Where is someone making that for only doing that?

They all moved to mexico.. lol

 

[Iceweasel]

We need to drastically lower taxes on businesses and ease up on the massive mountain of regulation.

I agree. I think regulation is in order at this point though. Not necessarily on American businesses that produce here, though.

By Chad Moutray
Published September 10, 2014

Manufacturing leaders, like many other Americans, have been frustrated with the slow pace of growth so far this year, particularly in the first quarter. While manufacturers are mostly upbeat about demand and output over the coming months, they also remain somewhat tentative in their outlook.

This is perhaps not surprising given the depth of the recent downturn and the fact that we are only now beginning to see pre-recessionary levels for industrial production, non-farm employment and many other indicators—five years after the start of the recovery. We are all waiting anxiously for the economy to finally gain traction.

Government can help by enacting policies that allow our businesses to better compete globally and that help our firms expand their operations and hire more workers. Yet, we often hear that government hinders more than it helps.

Stop the insanity: Federal regulations cost US businesses $2 trillion | Fox News

Wednesday, the National Association of Manufacturers (NAM) released a study, for instance, that finds that 88 percent of manufacturers see regulatory compliance as a top business challenge. This aligns with other surveys showing the business climate as a challenge, with excessive regulatory burdens often cited as a major concern.

The burdens of regulatory compliance fall disproportionately on small businesses, particularly small manufacturers, largely due to issues of scale.

The federal government has addressed this long-recognized problem through federal laws and initiatives, such as the Regulatory Flexibility Act and Executive Order 13610, which require agencies to consider the cumulative costs of regulations and their impact on small entities.

The latest NAM study finds that businesses spent more than $2 trillion in 2012 to comply with federal regulations. More importantly, compliance costs for businesses in the United States averaged $9,991 per employee that year, with manufacturers incurring a per-employee cost of nearly double that amount, at $19,546. Small manufacturers with less than 50 employees spent a whopping $34,671 per employee, illustrating the massive burden placed on many of these firms.

 

[TNHarley]

by regulation, I meant on imports. Sorry.

 

[Dale Smith]

Which, I would bet more republicans favor this shit over the left..

There isn't a c--t hair's worth of difference between the two bought and paid for factions that do the bidding of the owners of USA.INC. People need to get over this tribalisitic view of political parties. Both of them have screwed us over and the ones at the top of the political pyramid from both sides know that we are under a debt slavery system and perpetuate it and take their payoffs.

 

[NYcarbineer]

Which, I would bet more republicans favor this shit over the left..

There isn't a c--t hair's worth of difference between the two bought and paid for factions that do the bidding of the owners of USA.INC. People need to get over this tribalisitic view of political parties. Both of them have screwed us over and the ones at the top of the political pyramid from both sides know that we are under a debt slavery system and perpetuate it and take their payoffs.

The hairs may be evenly split but most of the c--t is on the Right.

 

[Dale Smith]

Which, I would bet more republicans favor this shit over the left..

There isn't a c--t hair's worth of difference between the two bought and paid for factions that do the bidding of the owners of USA.INC. People need to get over this tribalisitic view of political parties. Both of them have screwed us over and the ones at the top of the political pyramid from both sides know that we are under a debt slavery system and perpetuate it and take their payoffs.

The hairs may be evenly split but most of the c--t is on the Right.

The global elites have used the leftists/ Fabian socialists/communists like a cheap whore to tear this country down when it comes to killing decent jobs and changing the fabric of this nation...the neocons were late to the party but they made a huge splash and have been trying to make up ground. Constitutionalists like myself have no political party that represents us and we are considered "extremists" by this corporate "gubermint" for wanting to return to constitutional common law instead of Admiralty law. We are considered extremists for wanting to audit and then end the unconstitutional private Federal Reserve central bank that is mostly foreign owned.Neither party is worth a shit but I would slit the throat of a leftist before I would ever support one...you can take that to the bank.

 

[SuperDemocrat]

I don't agree with Trump's anti-free trade stance but there is a point that many of these countries are manipulating their currency to get a trade advantage over us or simply finding ways of preventing American products from entering their country. I think Trump is tapping into that sentiment with American workers who have lost their factory jobs.