President Trump Plans for 25% Border Security Tariffs on Mexico and Canada Set to Begin Today
This is excellent news. There are two distinctively different sets of tariffs scheduled to roll out in the next few days, weeks and months.
One set of long-term tariffs called MACRO tariffs focused on reciprocity and based primarily on economic fairness. The second and more urgent set, are focused on the immediacy of national security, border security and the demand for allies to shut down their support for fentanyl distribution.
The Border Security tariffs of 25% against Mexico and Canada start on Saturday. The media and corporate interests in/around Wall Street are in maximum apoplexy mode; however, Commerce Secretary Howard Lutnik previously explained the reason for the urgency. The video is 5 minutes and well worth your time if you want to avoid the confusion being pushed by media. WATCH:
WASHINGTON – President Donald Trump on Thursday said he will impose 25 percent tariffs on Canada and Mexico beginning Saturday, reiterating concerns about illegal migration, fentanyl and trade deficits in remarks to reporters.
“I’ll be putting the tariff of 25 percent on Canada, and separately, 25 percent on Mexico, and we’ll really have to do that,” Trump told reporters while signing executive orders focused on aviation safety.
Trump cited a “number of reasons” for doing so. “No. 1 is the people that have poured into our country so horribly and so much. No. 2 are the drugs, fentanyl and everything else that has come into the country. And No. 3 are the massive subsidies we are giving to Canada and to Mexico in the form of deficits,” Trump said.
“Those tariffs may or may not rise with time,” the president added.
When asked whether tariffs would also be applied to U.S. imports of Canadian oil, Trump said “we may or may not” apply the duties. “We’re making that determination tonight,” he said.
[…] The president also said he was “thinking about something” on China, because they’re sending fentanyl into our country,” but he did not speak to when he might levy tariffs on Beijing or how high he would raise them. After winning election in November, Trump had threatened to impose a 10 percent tariff on Chinese imports.
The remarks come amid ongoing discussions between the Trump administration and Mexican and Canadian officials, who are seeking to reassure the new president they are clamping down on border security to stave off the tariffs. Both countries have vowed to retaliate with tariffs of their own if Trump follows through on his threats. (read more)
Personally, I would prefer to see 100% import tariffs on all goods, all of them, every product imported from another country, driving the prices of those products up big time.
Essentially, CTH holds a viewpoint seeing through all the manipulative economic gaslighting over the past several decades. Real results from 2017 through 2020 proved that targeted tariffs do not ever raise the price to U.S. consumers, and now with the added benefit of watching in real time what happened in Russia due to sanctions that cut off the majority of their imports, we have an even more fact-based reason to support 100% tariffs on all import products. This will force the reindustrialization we need.
Tariffs fundamentally change the economic dynamic. Exfiltration of wealth ends and wealth creation within the USA middle-class begins again.
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