Trump THREATENS U.S. companies with 35% tariff threat via Twitter

[JV]

El Trumpo reiterated his threat made constantly during the election that any company that makes the financial decision to relocate to another country will face a 35% tariff.

And he did it via Twitter:

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Donald J. Trump 

✔@realDonaldTrump

The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,

5:41 AM - 4 Dec 2016

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Donald J. Trump 

✔@realDonaldTrump

fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ......

5:49 AM - 4 Dec 2016

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Donald J. Trump 

✔@realDonaldTrump

without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies ......

5:57 AM - 4 Dec 2016

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Donald J. Trump 

✔@realDonaldTrump

wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but.....

6:05 AM - 4 Dec 2016

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Donald J. Trump 

✔@realDonaldTrump

these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very ...

6:21 AM - 4 Dec 2016

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Donald J. Trump 

✔@realDonaldTrump

expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS

6:23 AM - 4 Dec 2016

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There’s one glaring obvious problem – it is unconstitutional to target a specific company with different laws, i.e., tariffs, because they did something the President didn’t like. But they can’t slam an entire industry with a tariff to punish one company moving jobs overseas. So will they go the way of FDR when he hit this problem?

Clearly, nobody gives a crap that the government is now telling companies what to do and calling it free market economics. Because controlling the means of production is only socialist when Democrats do it, duh!!

Mike Pence also reinforced this morning that they don’t care if this is crony ... they’re going to do it anyway. More and more Trump just sounds like our FDR – he even used the “forgotten man” narrative from Amity Shlaes’ excellent bookabout Coolidge and FDR. But the point is that he’s not guided by any conservative principle or ideology – he’s just gonna use his personal whim and the power of the federal government to try to make the economy do what he wants. I would say that he’ll be as successful as FDR was, but the federal government is VASTLY more powerful now than it was back then…

http://therightscoop.com/trump-threatens-u-s-companies-35-tariff-th...

[Thomas Vincent Coffey]

A reflection.

One of the greatest con jobs in economic history is the assertion that the Republicans were/are the Party of Free Trade; a claim that is complete and utter bull shit!!!!!

Shortly after our independence,Alexander Hamilton @Treasury issued his"Report on Manufacturers" forcefully arguing for the "protection of our infant industries".in which he vehemently opposed Free Trade and instead promoted protectionism through punitive quotas and tariffs.

This policy was actively supported by Monroe, Lincoln, Grant, Garfield, McKinley;among others;and existed all through the R ascendancy post Civil War, being actively encouraged by our crony corporatists up to Smoot-Hawley on the eve of the Great Depression.

In contrast, the South were staunch free traders, as was Great Britain, whom they supplied w/raw cotton for their great textile mills.

Today's Globalists are cut from the same cloth as our earlier protectionists. Each is seeking economic advantage and has no interest in competition.

[charles royer]

The United States began early on to debate how to get revenue. The American people were certainly sensitive about taxation, but the revolution had drained the U.S. treasury. The congressmen were challenged to collect sufficient revenue and rid the Union of debt but not to upset their newly united constituents in the process.

In April 1789, the House of Representatives began to debate Madison’s proposal of placing duties on imports. Madison said, “The general regulation of commerce . . . ought to be as free as the policy of nations will admit.” Although he preferred free trade, the need for quick clandestine taxation compelled him to tax imports.
We may be in this position again,we need money!JMHO

[Thomas Vincent Coffey]

Indeed Charles.

Duties, Excise Taxes. Quotas and Tariffs were the driver of Federal Government Revenue from 1787 till the 16th Amendment in 1913!

[Hankelvis]

http://www.ituc-csi.org/world-refugee-day-refugees-welcome

[charles royer]

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[jack ludwig]

corporations by nature look for ways to have competitive advantage over their competition no matter which county the company resides in. Competition is a drain on profits and all companies despise its competitors. Government will always help protect industry because it is its main source of revenue. Taxing to gain competitive advantage never works, it only works in reverse for creating market share.