One thing we learned about the tariff diplomacy of President Donald Trump is not to bluff.
He offered President Mexico Sheinbaum 30-day break in a 25%tariff.
This is because at the last moment she entered with a proposal to put on 10,000 soldiers on the border stop illegal immigration and suppress the flow of fental and other deadly drugs.
East, Canadian Trudeau did the same thing – so another 30 -day break.
Shows you what can do a strong, decisive and energetic leadership.
These are the big Trump victories.
But be sure that Mr. Trump is ready to pull the trigger. And I agree with its use of tariff to protect national and economic security.
Here’s a related thought.
“Kudlow” panelists John Carney, David Malpass and Joe Lavorgna break the economic policy of President Donald Trump.
Mr. Trumps aggressive use of tariffs should lead to the great incentive of the Republican Congress to reduce tax reduction.
And the 2017 tax extension and some of the new TUMP 2.0 tax reductions, such as 15% of profit taxes, without tax tips for service workers, overtime salaries and elderly.
Remember one of the good arguments that the President has stated that the tariffs would generate revenues and income could finance the reduction of taxes.
10% of the universal tariffs the basic value I strongly favor, of course, would allow Mr. Trump to seek reciprocity in bilateral negotiations.
But it could also provide something like $ 500 billion in giving or taking tax reduction.
In fact, about the rest of the world, taxes us, and then we will tax you.
But our tax will come back to our business and workers’ families with blue collar.
And then, in the spirit of reciprocity, if you stop taxing us, we will stop taxing you.
But who can say whether the tariff truce between Trump and Sheinbaum and Trudeauu will continue for more than a month.
Mexico is a difficult case because it basically became a Narko state.
Chinese export raw materials for fentanil And other medicines, and cartels compile them into these awful drug factories. And then the cartels bring them to the US by killing hundreds and thousands of Americans.
That’s the worst thing I’ve ever seen.
Mr. Trump is ready to head Mexico by the end of his time until they stop allowing it.
So, once again, my message to the Republican home and members of the Senate: Include and reduction of taxes in One big nice account Complete this spring and help with the launch of Trump’s golden era, a blue necklace.
