countrygirl2
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Post by countrygirl2 on May 30, 2019 22:26:21 GMT -5
Trade
Trump says US will impose 5% tariff on all Mexican imports from June 10
Published 4 hours agoUpdated 18 min ago
Joanna Tan
@tan_joanna
Key Points
The U.S. will impose a 5% tariff on all Mexican imports from June 10, President Donald Trump said in a Thursday evening Twitter post.
Duties of up to 25% will be added in the coming months if Mexico does not take action to “reduce or eliminate the number of illegal aliens” crossing into the U.S., the White House said in a statement.
Oh it gets better. Also read about the big issue with a possible cut off of all rare earth shipments to the US.
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billisonboard
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Post by billisonboard on May 30, 2019 23:01:31 GMT -5
The statement said Trump would carry out his threat under authority from the International Emergency Economic Powers Act link
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countrygirl2
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Post by countrygirl2 on May 30, 2019 23:24:00 GMT -5
I hope somebody finds an emergency powers act to get rid of him!
Read all the other SH** that has happened today, we are in a friggin' mess worldwide.
Now starting trouble with the UK also.
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weltschmerz
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Post by weltschmerz on May 30, 2019 23:29:30 GMT -5
The statement said Trump would carry out his threat under authority from the International Emergency Economic Powers Act link Lol! I love that movie!
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djAdvocate
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Post by djAdvocate on May 31, 2019 0:36:21 GMT -5
Dow futures market tanked on this announcement.
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dezii
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Post by dezii on May 31, 2019 0:54:54 GMT -5
Possible this is the way in 2019...21st century...for major super powers to conduct modern aggressions...attack with the pocket book but it also seems he's forcing the average American to suffer the most...these so called tariffs are a Tax on Americans taking $ out of their pockets...whether his base realizes this or will admit to it...so as he has asked blacks, what have Dems done for u... [plenty really but that's another story] beyond a catch phrase.."MAGA" and a new popular head piece..same can be asked about this President. ======================================== www.yahoo.com/news/trump-mexico-tariffs-024949307.html
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countrygirl2
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Post by countrygirl2 on May 31, 2019 1:02:24 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning.
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oped
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Post by oped on May 31, 2019 5:54:46 GMT -5
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NoNamePerson
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Post by NoNamePerson on May 31, 2019 6:20:11 GMT -5
Is this a surprise to anyone?
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happyhoix
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Post by happyhoix on May 31, 2019 7:08:41 GMT -5
I figured Trump would stand a good chance at getting re-elected if the economy stayed strong through 2020, since that's his only claim to being a 'good' president right now, but if this roils the economy and tanks any US/Mexico/Canada trade agreements, he might be tanking his chances at a second term. I figured only a recession would stop him, but he might be making an economic melt down all on his own.
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Tennesseer
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Post by Tennesseer on May 31, 2019 7:37:34 GMT -5
Grassley slams Trump tariffs on Mexico: 'A misuse of presidential tariff authority'Senate Finance Committee Chairman Chuck Grassley (R-Iowa) condemned President Trump's new tariffs on Mexico late Thursday, calling the move a "misuse" of presidential tariff authority and cautioning the levies could derail passage of the United States-Mexico-Canada Agreement (USMCA). "Trade policy and border security are separate issues. This is a misuse of presidential tariff authority and counter to congressional intent," Grassley said in a statement. The lawmaker cautioned that following through on Trump's tariff threat "would seriously jeopardize passage of USMCA," a revision of the North American Free Trade Agreement (NAFTA). "I support nearly every one of President Trump's immigration policies, but this is not one of them," he added. Article here: Grassley slams Trump tariffs on Mexico: 'A misuse of presidential tariff authority'
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Value Buy
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Post by Value Buy on May 31, 2019 9:02:11 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning. Liquidate every account now and buy gold!
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Value Buy
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Post by Value Buy on May 31, 2019 9:05:38 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning. Not denying the markets were way down in early hours trading, but when Europe tanks on their markets we always follow through with a big drop. Also note Germany actually charges buyers of their bonds to lose >17% on every Bund their citizens purchase. They have a negative bond rate of -.17%. Now tell which economy is in better shape? Germany or USA?
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justme
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Post by justme on May 31, 2019 9:19:30 GMT -5
I swear I saw a headline on an article just the other day that we had settled all the tariff bs with Canada and Mexico. Am I remembering wrong, or did this idiot seriously have a turn around in less than 72 hours?
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Tennesseer
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Post by Tennesseer on May 31, 2019 9:24:25 GMT -5
I swear I saw a headline on an article just the other day that we had settled all the tariff bs with Canada and Mexico. Am I remembering wrong, or did this idiot seriously have a turn around in less than 72 hours? The latter.
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happyhoix
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Post by happyhoix on May 31, 2019 9:30:30 GMT -5
I swear I saw a headline on an article just the other day that we had settled all the tariff bs with Canada and Mexico. Am I remembering wrong, or did this idiot seriously have a turn around in less than 72 hours? The latter. The WH is arguing that this new tax thing with Mexico is all about Mexico allowing illegal immigrants to flood over the Southern border, and has nothing to do with the tariff discussion at all.
Even though it is 100% about taxing incoming Mexican goods.
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justme
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Post by justme on May 31, 2019 9:31:44 GMT -5
The WH is arguing that this new tax thing with Mexico is all about Mexico allowing illegal immigrants to flood over the Southern border, and has nothing to do with the tariff discussion at all.
Even though it is 100% about taxing incoming Mexican goods.
This tariff we're imposing has nothing to do with tariffs...it's a tariff!
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djAdvocate
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Post by djAdvocate on May 31, 2019 14:59:18 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning. Liquidate every account now and buy gold! I have contended that this will be a slow collapse.
there is plenty of time.
4 month low...DJIA closes below 25,000. -7% this month.
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weltschmerz
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Post by weltschmerz on May 31, 2019 15:08:33 GMT -5
The cost of a new car will go up $1,300.
You have to "be a patriot" and suck it up.
Restaurants are scrambling, because their costs will go way up....they use a lot of Mexican produce.
You'll have to "be a patriot" and suck it up.
Prices at grocery stores are shooting up due to the tariffs.
You have to "be a patriot" and suck it up.
Trump is breaking you. Good luck with that.
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giramomma
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Post by giramomma on May 31, 2019 15:49:29 GMT -5
It also looks like the Feds may be getting ready to cut interest rates...
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oped
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Post by oped on May 31, 2019 15:51:40 GMT -5
It also looks like the Feds may be getting ready to cut interest rates... So stupid.
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NastyWoman
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Post by NastyWoman on May 31, 2019 15:53:08 GMT -5
Is this a surprise to anyone? Most certainly not if you know anything about Singapore! And that is even without taking into account that we have a 4 (or is it 5 or more) times loser "businessman" at the helm of the country
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weltschmerz
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Post by weltschmerz on May 31, 2019 16:35:42 GMT -5
Is this a surprise to anyone? Most certainly not if you know anything about Singapore! And that is even without taking into account that we have a 4 (or is it 5 or more) times loser "businessman" at the helm of the country 6 Corporate Bankruptcies Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy. Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court. www.thoughtco.com/donald-trump-business-bankruptcies-4152019
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countrygirl2
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Post by countrygirl2 on May 31, 2019 22:34:44 GMT -5
Get this he is going to force Mexico to stop the immigrants. Well today Mexico announced they are cutting by 50% the funds for helping with illegal immigrants. So trumps is trying to force them and they cut funds. Looks like we will be looking at those 25% tariffs afterall.
Now he is announcing they are sending DHS personnel to Guatemala to help stem people leaving. We were helping before and he keeps gutting stuff then when it falls apart, well here we go again. Fixing stuff he broke.
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dezii
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Post by dezii on Jun 1, 2019 10:18:03 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning. Not denying the markets were way down in early hours trading, but when Europe tanks on their markets we always follow through with a big drop. Also note Germany actually charges buyers of their bonds to lose >17% on every Bund their citizens purchase. They have a negative bond rate of -.17%. Now tell which economy is in better shape? Germany or USA? Value , u do understand that your constant making excuses and coming up with alibies is getting old already...Just saying... Suggest , and only a suggestion mind u...at times , best to just ...and let others yap away...come back at another time...as said...Just a suggestion.
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Value Buy
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Post by Value Buy on Jun 3, 2019 5:57:42 GMT -5
Not denying the markets were way down in early hours trading, but when Europe tanks on their markets we always follow through with a big drop. Also note Germany actually charges buyers of their bonds to lose >17% on every Bund their citizens purchase. They have a negative bond rate of -.17%. Now tell which economy is in better shape? Germany or USA? Value , u do understand that your constant making excuses and coming up with alibies is getting old already...Just saying... Suggest , and only a suggestion mind u...at times , best to just ...and let others yap away...come back at another time...as said...Just a suggestion. You know your constant attacks are getting old. Pay attention to actual markets and why they move. Ask yourself, why people pay the German government to invest in ther bonds rather than be paid interest on them. They send their money here to America to earn 2% on their money.. The more money investors throw money at the open market on our bonds, they drive our bond prices up, thuis lowering the payout percentage.
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happyhoix
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Post by happyhoix on Jun 3, 2019 7:14:11 GMT -5
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thyme4change
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Post by thyme4change on Jun 3, 2019 9:27:51 GMT -5
I'm going to eat so many avocados this week.
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thyme4change
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Post by thyme4change on Jun 3, 2019 9:28:45 GMT -5
They are down 200 on futures right now. Bet it really plummets once the market opens in the morning. Liquidate every account now and buy gold! Gold is inherently useless. It is only valuable because we say it is. Same as dollars.
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swamp
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Post by swamp on Jun 3, 2019 10:02:13 GMT -5
so Trump is going to take action that will raise the price of mexican produce, thereby increasing the demand for US grown produce because it would be cheaper. Illegal immigrants from central america harvest said produce. Won't that increase the likelihood of illegal immigration?
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