Page 14 - 87 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Already tipped his hat and said we need to get this done which is why he sent secretary to meet with him. of course the highest officials here in america too with mike pompeo to again negotiate in good faith and to get something done. clearly i think one of the problems is that the president did not set clear benchmarks as to what mexico needs to do. >> dana: what does success look like? >> we are looking at $87 billion in new taxes for a year annually. that is 900 billion. >> dana: i imagine we probably won't get to that. it's good to see you. thank you. the age of the robo call could soon be...

Terrified october which would represent if they haven't been remedied, that would amount to an $87 billion tax increase but american companies and consumers. >> two different answers, first, i get that, that's economic orthodox that when tariffs up consumer prices go. but the proof is in the footing, there is no inflation. prices has not gotten. we put tariffs on china, were put in tariffs of mexico, and inflation is still under control that is because the old-fashioned economic orthodox does not work when it is not relatively easy to substitute other goods. prices in china have gone up in ame...

The situation is real. and the president is deadly serious about fixing the problem. >> alex, you heard mulvaney. 5% on june 10th. a month after that, up to 10%. all the way up to a possible 25%. estimates are that would cost the u.s. economy some $87 billion over the course of the year. and one more fascinating point, argument made by mulvaney. he says when asked if this would simply result in more migration, economic migration from mexico and central america, he admitted it would. it may lead to an economic downturn, ironically forcing more people to the southern border. alex? >> that is ext...

Terrified october which would represent if they haven't been remedied, that would amount to an $87 billion tax increase but american companies and consumers. >> two different answers, first, i get that, that's economic orthodox that when tariffs up consumer prices go. but the proof is in the footing, there is no inflation. prices has not gotten. we put tariffs on china, were put in tariffs of mexico, and inflation is still under control that is because the old-fashioned economic orthodox does not work when it is not relatively easy to substitute other goods. prices in china have gone up in ame...

>> let's go from there from the white house. >> welcome to you on this. the white house seems to be doubling down. mick mulvaney says the president is deadly serious of putting tariffs on mexico. what can you tell us? >> doubling down and certainly not acting down if mulvaney is to believe making the rounds on a couple of sunday's shows including "meet the press" there. june 10th is the day that tariffs will be slapped on mexican goods at the toon of 5%. increasing 5% every month until it got to 25% with potential economic hit for the united states estimated of $87 billion. higher prices from ...