Woolfsmck 2,763 Posted April 6, 2017 Share Posted April 6, 2017 https://www.yahoo.com/news/ten-u-states-feel-brunt-proposed-border-tax-090408501--business.html Trump's border adjustment tax (BAT) would hurt US more than help. The article cites the I increased cost of vital imports causing price increases for consumers like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,861 Posted April 7, 2017 Share Posted April 7, 2017 Hummmm... on a net basis i dont know if it causes more harm or good. Definitely bad for consumers it makes domestically produced stuff more competitive but everything is so interlinked. Some exports are for stuff others assemble to then import Like in such a complex web, im inclined to think the tax would do more harm than good for Americas manufacturing but i could be wrong Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted April 7, 2017 Author Share Posted April 7, 2017 15 minutes ago, Economy said: Hummmm... on a net basis i dont know if it causes more harm or good. Definitely bad for consumers it makes domestically produced stuff more competitive but everything is so interlinked. Some exports are for stuff others assemble to then import Like in such a complex web, im inclined to think the tax would do more harm than good for Americas manufacturing but i could be wrong Canadian exports would be affected and the article indicates that a lot of the exports to the US are energy related. Mexico is already talking to the EU and is looking to change their trade with the US to other countries which will reduce US exports further. I kind of doubt that this will get thu congress without the far right support either ... so like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,861 Posted April 7, 2017 Share Posted April 7, 2017 4 minutes ago, Woolfsmck said: Canadian exports would be affected and the article indicates that a lot of the exports to the US are energy related. Mexico is already talking to the EU and is looking to change their trade with the US to other countries which will reduce US exports further. I kind of doubt that this will get thu congress without the far right support either ... so I feel like energy will gey sold no matter what The part of Canada I live in doesnt sell energy. We sell manufactured stuff especially in Auto sector. That might be more sensitive to taxes which worry me All i know is $2 Billion in daily trade cant possibly be well off by introducing taxes Link to post Share on other sites More sharing options...
Featured Posts
Archived
This topic is now archived and is closed to further replies.