Monday, June 3, 2019 |
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Worthy News(Worthy News) - Top officials from the U.S. and Mexico will begin talks Monday in a scramble to fend off President Donald Trump’s threat of devastating tariffs on imports from the southern ally and meet his demand for fewer migrants at the border.
Trump is heading to London for a long-planned overseas trip, leaving others to stem a potential trade crisis. It’s unclear what more Mexico can do - and what will be enough - to satisfy the president. Trump’s Republican allies warn that tariffs on Mexican imports will hit U.S. consumers and harm the economy.
The president all but taunted negotiators for a quick resolution. “Mexico is sending a big delegation to talk about the Border,” the president tweeted Sunday. “Problem is, they’ve been ‘talking’ for 25 years. We want action, not talk.” [ Source: Washington Times (Read More...) ]
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People cite Smoot-Hawley Act as an example of isolationist tactics that backfire and contributed to the Great Depression. However, that was when the industrial revolution was happening and the USA needed to export their goods to become a world power. The tariffs hurt that effort. Today the USA is an importer. The tariffs allow for imposing the will of the USA on other countries such as China and Mexico. It will accomplish what the president wants to accomplish and only hurts the economy a small a mount for a limited time.