News1 min ago
Trump Logic !
Not sure where to put this.
Trump has mooted this idea about financing this ruddy wall. He wants Mexico to pay....they say they won't.
So his next thoughts are that he may impose a 20% import duty on stuff coming from Mexico, like TVs for instance.
But if is to be successful, then its the American people that will be paying that extra 20%, not Mexico itself ! If people refuse to buy any more Mexican goods, then no moneys will be raised to pay for the wall.
Either way. Mexico won't be paying !
Trump has mooted this idea about financing this ruddy wall. He wants Mexico to pay....they say they won't.
So his next thoughts are that he may impose a 20% import duty on stuff coming from Mexico, like TVs for instance.
But if is to be successful, then its the American people that will be paying that extra 20%, not Mexico itself ! If people refuse to buy any more Mexican goods, then no moneys will be raised to pay for the wall.
Either way. Mexico won't be paying !
Answers
He has said the wall will be built paid by American Dollars and then Mexico will reimburse America. If he now introduces the import duty, America will actually pay twice.
09:06 Fri 27th Jan 2017
I suspect the idea is that suppliers of Mexican goods will drop their price by around 20% in order to retain market share. One might argue whether that would happen but if it does then Americans won't be paying for the wall as the price the consumer would pay would remain the same and yet 20% wall tax would be taken.
Mikey - spotted almost immediately by the reporters .....
trade is 9 towards Mexico to one back ( or towards ) America
( trade is 90% imports to Mejico) - and he wants to tax exports as well ....
er hold it that will paid by the American producers
tell ya what .... they're all roopists down there .....
trade is 9 towards Mexico to one back ( or towards ) America
( trade is 90% imports to Mejico) - and he wants to tax exports as well ....
er hold it that will paid by the American producers
tell ya what .... they're all roopists down there .....
// Didn't the entire senior admin team of the state department resign a day or so ago? Bizarre times indeed//
yes they did
but apparently far more of the civil service appts are political in the land of the free and so this sort of cull is to be expected with an outgoing prez
Trump has 4 000 (political) civl service appts to make
Obama took a year
He is planning to do it by May 2017 - but of course he does have industrial ability to organise manpower so it may be "parssible"
yes they did
but apparently far more of the civil service appts are political in the land of the free and so this sort of cull is to be expected with an outgoing prez
Trump has 4 000 (political) civl service appts to make
Obama took a year
He is planning to do it by May 2017 - but of course he does have industrial ability to organise manpower so it may be "parssible"
'The White House said on Thursday that Trump wants a new 20 percent tax on imports from Mexico to pay for the barrier on the southern border.
Trump wants the measure to be part of a broader tax overhaul package that the US Congress is contemplating, White House spokesman Sean Spicer told reporters.
Explaining how the tax would work, Spicer said: "We have a new tax at $50bn at 20 percent of imports - which is, by the way, a practice that 160 other countries do right now."
"Our country's [present] policy is to tax exports and let imports flow freely in, which is ridiculous. But by doing it that way we can do $10bn a year and easily pay for the wall. Just through that mechanism alone," Spicer said.'
Reuters
Trump wants the measure to be part of a broader tax overhaul package that the US Congress is contemplating, White House spokesman Sean Spicer told reporters.
Explaining how the tax would work, Spicer said: "We have a new tax at $50bn at 20 percent of imports - which is, by the way, a practice that 160 other countries do right now."
"Our country's [present] policy is to tax exports and let imports flow freely in, which is ridiculous. But by doing it that way we can do $10bn a year and easily pay for the wall. Just through that mechanism alone," Spicer said.'
Reuters
I have to admit to being a great UK fan of the Donald,and can only say illegal immigrants from Mexico taking their jobs is a matter of great concern to many Americans. I dont suppose Donald would have come up with such an extreme idea if that wasnt the case.We in England have had our own moat in the English Channel to keep us safe from danger and unwanted types. The President of Mexico may have stamped his foot but will have to accept with some sort of an arangement where his country pays for the wall.
// Khandro, your explanation is not even a short view. Who ultimately pays this extra 20% tax?//
it seems a universally acknowledged truth that when Trump opens his mouth the turkeys start voting for Christmas
when he says I tell ya what - I'm gonna build a great wall and the mexicans will pay for it - yeah
the people scream in delight
and when he says he will tax mexican goods so the american consumer will pay more for them
they go on screaming 'yeah yeah right on Donald - he's my man'
god I wish I could do that
it seems a universally acknowledged truth that when Trump opens his mouth the turkeys start voting for Christmas
when he says I tell ya what - I'm gonna build a great wall and the mexicans will pay for it - yeah
the people scream in delight
and when he says he will tax mexican goods so the american consumer will pay more for them
they go on screaming 'yeah yeah right on Donald - he's my man'
god I wish I could do that
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