Page 5 - Tariffs On News Today

Its a 2,000-mile journey and theyre coming up to our border. and our border patrol, which is incredible, theyre apprehending them, but our laws are bad, because the democrats dont want to mass laws that could be passed in 15 minutes, that could be passed quickly. in one day, it could change. but even beyond the laws, mexico shouldnt allow millions of people to try and enter our country. and they could stop it very quickly. and i think they will. and if they wont, were going to put tariffs on. an...

Today we heard him talk about the fact that mexico called to begin negotiations. one of the other questions for republicans here are what are the terms by which the president would be satisfied with mexico taking action. of course, deals with his concerns about immigration, but there are so many broader implications. lets take a listen to part of what the president said at that joint news conference with british prime minister theresa may today to give you a sense of where his thinking is right ...

Very quickly. i think they will. if they wont were going to put tariffs on. every month those tariffs go from 5% to 10% to 15% to 20 and then to 25%. what will happen then is all of those companies that have left our country and gone to mexico are going to be coming back to us. and thats okay. thats okay. but i think mexico will step up and do what they should have been done. i dont want to hear that mexico is run by the cartels and the drug lords and the coyotes. i dont want to hear about that....

If we do something to try to blow up mexicos economy its going to cause more people to try to come to the united states, not fewer. so i think this is just -- this is a mix of policy in which were going to tax the american people, harm the farmers, harm the manufacturers and consumers here in an effort to try to do something thats backfiring. >> i mean, mark, what im curious about you say he doesnt want to put the tariffs on. i know he doesnt want to, but if they dont stop immigration in the nex...

Pay for this. >> ali velshi, just once and for all, who pays for tariffs? >> buyers of products. >> okay. >> end of story. the buyer of the product, the producer, the importer of a product from mexico or china pays for it, bicycle, air conditioner, fruit, vegetables, unless they had a very rich year, theyre passing it on to you, the buyer. tariffs on, mexico has them, china has them, the consumer pays for them. the government doesnt pay for them. buyers of products pay for tell. >> why wouldnt a...

>> ali velshi, just once and for all, who pays for tariffs? >> buyers of products. >> okay. >> end of story. the buyer of the product, the producer, the importer fof a product from mexico or china pays for it, bicycle, air conditioner, fruit, vegetables, unless they hd had a very rich year, theyre passing it on to you, the buyer. tariffs on, mexico has them, china has them, the consumer pays for them. the government doesnt pay for them. buyers of products pay for tell. >> why wouldnt a nice man ...

Isnt that there is a crisis of the border. i think a large percentage of americans would agree with that. its the move to slap tariffs on mexico and with that would do to our relationship with mexico. the mexican economy contracting in the first corner. you send that country into a recession, it has less resources and less of an ability to prevent migrants from coming across our border. you give mexican people and central americans a reason to get into the united states. >> melissa: okay, let me...

Document that says, this is what you need to do. once youve done that, youre in the clear. >> dan, from the markets perspective or economic perspective, this is nafta 2.0. jared kushners baby. if this puts usmca in question, if it threatens it, then what happens? >> a trade war with china that is only escalating right now. the last thing you want is a multi-front trade war, especially with some of our biggest trading partners. i mean, i think it shouldnt be lost on viewers here that canada and m...

>> it is more of a problem than it was before. >> it is not, he said it would go down and it has not gone down. there is a different discussion for a different time as to whether trade deficits are as bad as what the president said. we promoted this because the president has tariffs which over people put tariffs on. th we had a tax cut. we have a higher trade deficits which means we buy more from other countries than we sell at a rate higher than it was. >> who was he trying to blame for this? >...

Because its true! i was nice and i left it 10 percent on 200 billion. and here is the beauty, we have lost so much money with china, $500 billion a year. and on trade, such a disaster, it is 507 billion dollars a year. china, just one country. we lose with everybody, almost. but chinas one country. $507 billion, for many years! so the beauty is this, i have $250 billion more to put tariffs on. the numbers are staggering. billions of dollars right now are pouring into our treasury. and for those ...