08:03 GMT +307 December 2019
Listen Live

    Tariff Man’s Tiered Threats

    Get short URL

    On Thursday, US President Donald Trump tapped into his alter ego “Tariff Man” and promised a better economic tomorrow as he imposed a 5% tariff on all Mexican imports, effective June 10.

    Tariff Man’s Tiered Threats

    Trump's plan to slap Mexico with tariffs, which was spearheaded by senior policy adviser Stephen Miller, according to CNBC, hasn't gotten the best reception, especially considering Trump threatens to boost the forthcoming 5% tariff incrementally if the "illegal migration crisis" is not "alleviated through effective actions taken by Mexico," according to a White House statement.

    The tariff would balloon to 25% in October 2019 and remain unless the White House's standards are met by Mexico.

    On Friday, Trump claimed the tariffs will force the auto industry to return to the US, but politicians didn't agree. Texas Congressman Joaquin Castro warned "tariffs on all Mexican imports will have severe consequences for Texas consumers and businesses, and will only invite reciprocal tariffs by Mexico, compounding the economic harm."

    The "stable genius'" move to stop "drugs as well as illegals" is even being criticized by members of Trump's own administration, such as US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, says a CNBC report.


    Trump Claims Time for Mexico to 'Finally' Fix Migration Issue Amid Tariff Threat
    Mexico Dispatching Delegation to US to Settle Trade Tariff Issue
    Mexico Pledges 'Energetic Response' to Trump's Planned Import Tariffs
    US to Impose 5% Tariff on All Goods Coming From Mexico Over Illegal Immigration
    Campaigners Announce They're Building Their Own Wall on US-Mexico Border (VIDEO)
    auto market, tariffs, White House, Joaquin Castro, Robert Lighthizer, Stephen Miller, Steve Mnuchin, Donald Trump, Mexico, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik

    More cartoons

    • Buckingham Bullies
      Last update: 00:37 06.12.2019
      00:37 06.12.2019

      Buckingham Bullies

      US President Donald Trump quickly departed the NATO summit in London on Wednesday after video footage emerged showing several world leaders gossiping and even mocking his performance during the conference.

    • Dealing With The Donald
      Last update: 01:58 04.12.2019
      01:58 04.12.2019

      Dealing With The Donald

      Though US President Donald Trump was in London for the NATO summit, 45 was able to send the US stock market plunging from across the pond Tuesday after revealing some not-so promising details on Washington’s anticipated trade deal with Beijing.

    • Turkeys & Testimonies
      Last update: 02:24 27.11.2019
      02:24 27.11.2019

      Turkeys & Testimonies

      After a US judge announced that former White House counsel Don McGahn was not immune to a congressional subpoena regarding the impeachment inquiry, US President Donald Trump took on an entirely new attitude toward the process and even announced his top picks to testify.

    • Taxing Jobs, Little Returns
      Last update: 02:18 22.11.2019
      02:18 22.11.2019

      Taxing Jobs, Little Returns

      Before settling in to view the live impeachment hearings, US President Donald Trump’s Twitter fingers were up and in action early Thursday morning to rewrite history on the Mueller report.