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Showing posts with label tariffs. Show all posts
Showing posts with label tariffs. Show all posts

Friday, January 27, 2017

First Regrets

I have a friend named Bill who owns a manufacturing concern here in the Twin Cities. His hatred of Hillary Clinton was so all consuming that he voted for Trump. He tried a few times to defend him and has always voted Republican but after Trump's first week in office, Bill has finally started expressing regret. Why?

Beer, snacks and cars: How a 20% Mexico tariff could cost US shoppers

President Trump wants so slap a 20% tariff on goods coming from Mexico and use the money to pay for his wall. As any economist knows, this would be a disaster for our country and for Mexico.

Bill can't believe it. His main client has a plant down in Mexico. If there ever actually is a tariff, this client will lose millions of dollars and, thus, Bill will be out of business. I gave him a call yesterday to hear his comments on Trump's announcement.

"Crazy," he said. "What was I thinking? At least with Hillary, I had just another crooked politician. This...this is erratic."

I had explained to him many times during the campaign that this is what Trump was going to do. Bill didn't believe me. He thought Trump was just saying those things and wouldn't really follow through.

I suspect this will be the first of many regrets...:)


Sunday, November 16, 2014

That Loser Obama

For someone who just lost an election, President Obama looks an awful lot like a winner. That's largely due to his recent trip to Asia in which he secured deals with China on carbon emissions and trade. The latter is massive considering the reduction in trade tariffs that the new agreement outlines. And the agreement on carbon emissions is the first of its kind between the world's two biggest carbon polluters.

The president has set the tone for the last two years of his presidency. He is going to get things done-with or without Congress-and that's likely going to be a problem for the group of 12 year-olds that are desperate to see him fail. What they need to understand is that it's in their best interest (see: 2016) to be able to point to some achievements that they had a hand in. Failure to do so will not sit well when the voter turnout goes above 40 percent:)