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!
That's dead on arrival in a Republican congress. They're not going to tax American companies 35% that are forced to ship manufacturing jobs overseas to survive. Furthermore, it wouldn't create a single job here, but would definitely drive up the cost of the product to American consumers by 35%. Tariffs also never create a single job, but are great at making the economy worse, and driving up the cost of the product. So that is dead on arrival. If we tariff foreign goods, the tariffed country will only return the favor by tarifing our products.
As far as NAFTA--that is the North American trade agreement with bordering countries, Mexico & Canada that's never going to go away--but it could probably be tweek'd to make it fairer for Americans.
The problem has always been that the cost to do business in this country is outrageous, which is why so many jobs have gone overseas. Employers are required to pay payroll taxes, unemployment insurance, workman's compensation insurance, and health insurance requirements, and of course wages are higher here. Plus a lot of other bullshit regulations that make it impossible to compete with foreign countries.
If they can't compete in a global economy then they're out of business.
So what Trump needs to do, is start his deal making with foreign countries. If it's fair trade they should be building plants over here to get Americans back to work. If he focuses on that, and cutting unnecessary regulations he may make some headway at getting back to a fair trade system, and our trade deficit will go down. Then the states that are suffering--that have never recovered from manufacturing loss's need to get real by making it affordable for these plants to invest, build & survive. Offer free infrastructure, water, electricity, etc. for new plants to build--lower tax rates for business's to come in and build. IOW lots of incentives.
If they don't they're screwing themselves.
So hopefully that's what happens to get this country back to a fair trade system, and put Americans back to work.