Mexico warns trump tariffs would kill 400,000 US jobs, threatens retaliation!

Mexico warns Trump tariffs
would kill 400,000 US jobs,
threatens retaliation

MEXICO CITY, Nov 27 (Reuters) -

Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs and drive up prices for U.S. consumers.

"If there are U.S. tariffs, Mexico would also raise tariffs,"

President Sheinbaum said during a press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner.

And the gullible are still believing the fake news! 

Mexico's president said she had an excellent call with Donald Trump and is sure no tariff war is forthcoming.

Happy Turkey Day!!!

@fubah2

 BORING 

Most analysts have said they believe trump's tariffs proposal would push up U.S. consumer prices!

Imposing stiff tariff on many countries is one of Trump's campaign agendas and "mandates". I am not sure voters love the price of goods jacking up from the stiff tariffs, let's see how this thing pans out, Fubah.     

let the globalist economy experts talk 

"Mexico City calling Fubah2" 

And...

Trump's proposed tariffs would appear to contravene the U.S.-Mexico-Canada free-trade pact, which Trump signed during his first term

i guess there will be new negotiations , 2nd term so to speak 

All one has to do is hit that SEARCH button and look for thread topic "tariffs". Look at all those posts on Trump's 2018 tariffs. 

another welcher ?!     i hate welchers  

another welcher ?!     i hate welchers  

In one of those threads, I remember being like, "F*ck China!" As I said then, I say now, they are not our friends. Making it easier to pump money into the CCP via cheeply made Chinese goods is not in our best interest. While I am not a believer in "across the board" tariffs, I am a believer in tariffs as a means to drive American industry. This would mean tariffs on things like Chinese steel, textiles, etc. We also need to move away from Taiwanese chip manufacturing. When I read stories about Intel laying off US workers in the same periodicals I read about possible war with China to protect Taiwan, I shake my head. The answer is not escalation to protect our business interests in Taiwan. The answer is to divest from Taiwan and invest in America.

@KellyM_1964

AGREED!  No good person condones welching...of any form.

It's all a form of leaverage and in some cases has to be done.

When the UAW signs a sweetheart contract with automakers everybody claps with joy for the blue collar worker. Yet those costs are passed on to new car buyers. 

Those steel tariffs helped with our weak steel manufacturing, saved jobs. And that American steel costs a little more and like the UAW contract is passed to consumers. 

The Mexican peso strengthened close to 1% early on Thursday!

Sometimes you need to walk away from a bad deal and cut your losses.

USA TODAY -

Trump's tariffs on Mexico, Canada

would sharply boost inflation,

hurt economy, experts say

"Experts" are never wrong. 

The Euro is tanking and Bloomberg says it's Trump's fault. 

We got 4 years of this shit again. 

If Trump follows though on his ignorant pledge, it would substantially boost inflation next year after pandemic-induced consumer price increases had largely abated under the Biden admin, economists said.

Talk to a welder, ask if Chinese steel is better than American steel.  I can tell you the answer even if asked 100 times, because I weld