Finance International News

Trump Swipes at Schumer After Top Dem Claimed President Won’t ‘Follow Through’ on Tariffs

President Trump took a swipe Tuesday night at Senate Minority Leader Chuck Schumer, D-N.Y.,  who said he believes Trump ultimately will back down on the threat of tariffs on all goods coming into the U.S. from Mexico.

“Can you imagine Cryin’ Chuck Schumer saying out loud, for all to hear, that I am bluffing with respect to putting Tariffs on Mexico. What a Creep. He would rather have our Country fail with drugs & Immigration than give Republicans a win. But he gave Mexico bad advice, no bluff!” Trump tweeted.


Flock surveillance spreads across the South as red-state lawmakers seek to axe ‘1984’-style tracking tools
Dems Fight for Fraud with the ‘Stop Nick Shirley Act’
Beshear sends second letter to Mitch McConnell demanding ‘proof of your capacity to serve, or resign’
DCCC program knocks nearly 40,000 doors to mark 100 days from midterms
New audio undercuts Dems who defended Biden, slammed Hur after classified docs report revealed memory loss
Op-Ed: Don’t Follow the Left into Fratricide Over Israel
Trump welcomes Netanyahu to White House as raging Iran war threatens to sour US-Israel relationship
Christian Teacher Released from Prison After 700 Days for Refusing to Use Preferred Pronouns
Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts
WATCH: E-bike teen takeover swarms downtown city streets blocking traffic, leading to charges
Savannah Guthrie’s emotional plea to mom’s kidnapper may signal ‘new line of communication’: report
Fauci privately took credit for COVID-19 lockdowns despite public denial, newly exposed diary entries reveal
Lindsey Graham’s final mission nears finish line as world leaders gather to honor him
Democrats target more GOP House seats after socialist victories rock left-wing primaries
Lindsay Clancy’s ex-husband details ‘big spiral’ as expert says one part ‘scared me’ in mom’s murder trial

The president last week threatened to impose the monthly tariff which would rise to a total of 25 percent by October.

See also  Academics and CEOs dominate Fed advisory boards

“Frankly, I don’t believe that President Trump will actually go through with the tariffs,” Schumer said on the Senate floor. “President Trump has a habit of talking tough and then retreating, because his policies often can’t be implemented or don’t make sense… so I wouldn’t be surprised at all if President Trump doesn’t follow through on these tariffs, either.”


Flock surveillance spreads across the South as red-state lawmakers seek to axe ‘1984’-style tracking tools
Dems Fight for Fraud with the ‘Stop Nick Shirley Act’
Beshear sends second letter to Mitch McConnell demanding ‘proof of your capacity to serve, or resign’
DCCC program knocks nearly 40,000 doors to mark 100 days from midterms
New audio undercuts Dems who defended Biden, slammed Hur after classified docs report revealed memory loss
Op-Ed: Don’t Follow the Left into Fratricide Over Israel
Trump welcomes Netanyahu to White House as raging Iran war threatens to sour US-Israel relationship
Christian Teacher Released from Prison After 700 Days for Refusing to Use Preferred Pronouns
Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts
WATCH: E-bike teen takeover swarms downtown city streets blocking traffic, leading to charges
Savannah Guthrie’s emotional plea to mom’s kidnapper may signal ‘new line of communication’: report
Fauci privately took credit for COVID-19 lockdowns despite public denial, newly exposed diary entries reveal
Lindsey Graham’s final mission nears finish line as world leaders gather to honor him
Democrats target more GOP House seats after socialist victories rock left-wing primaries
Lindsay Clancy’s ex-husband details ‘big spiral’ as expert says one part ‘scared me’ in mom’s murder trial
See also  Academics and CEOs dominate Fed advisory boards

It is unclear what more Mexico could do — and what would be enough — to satisfy Trump on illegal immigration, a signature issue of his presidency.

The United States has not presented concrete benchmarks to assess how sufficient the U.S. ally would be stemming the migrant flow from Central America. Mexican officials have called the potential tariffs hurtful to the economies of both countries and useless to slow the northbound flow of Central American migrants.

Lawmakers and business allies have worried publicly that the tariffs would derail the long-promised United-States-Mexico-Canada Agreement (USMCA) — a rewrite of the North American Free Trade Agreement (NAFTA) that Trump had promised to replace.

Trump has indicated he will rely on the International Emergency Economic Powers Act, a national emergency executive action he can take without congressional approval.

Republican senators are declaring deep opposition.

All sides, including officials from Mexico meeting with Trump negotiators in Washington this week, have remained hopeful that high-level talks would ease the president away from his threat. But, with the tariffs set to start next Monday, some Republicans in Congress have warned the White House they’re ready to stand up to Trump.

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter