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Proposed 20% border tax

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alynd
alynd Posts: 130
in EggHead Forum
Can someone smarter than me tell me how this could effect BGE?  President Trump is proposing a 20% tax on all imports from Mexico to pay for the wall.  
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  • NPHuskerFL
    NPHuskerFL Posts: 17,629
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    http://lmgtfy.com/?q=What+is+a+tariff
    LBGE 2013 & MM 2014
    Die Hard HUSKER & BRONCO FAN
    Flying Low & Slow in "Da Burg" FL
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  • NPHuskerFL
    NPHuskerFL Posts: 17,629
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    It means BGE will help fund our border wall :whistle:
    LBGE 2013 & MM 2014
    Die Hard HUSKER & BRONCO FAN
    Flying Low & Slow in "Da Burg" FL
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  • EggHeadinFlorida
    EggHeadinFlorida Posts: 892
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    http://us.cnn.com/2017/01/26/politics/donald-trump-mexico-import-tax-border-wall/index.html
    XL bge, Mini max & 36 BS Griddle.
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  • Eoin
    Eoin Posts: 4,304
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    Don't you guys sell lots of sh1t to other countries? 20% the other way might hurt too.
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  • ToTheMax
    ToTheMax Posts: 150
    edited January 2017
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    The lefts way of thinking about it - prices will be 20% higher.

    The rights way of thinking about it - prices to the consumer will remain the same, but the companies will magically find a way to reduce costs by 20%.

    I'm not biased, nope, not one bit ;)
    Northern Virginia
    LBGE ~'14
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  • Eoin
    Eoin Posts: 4,304
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    ToTheMax said:
    The lefts way of thinking about it - prices will be 20% higher.

    The rights way of thinking about it - prices to the consumer will remain the same, but the companies will magically find a way to reduce costs by 20%.

    I'm not biased, nope, not one bit ;)
    You don't run a business, do you?
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  • Tspud1
    Tspud1 Posts: 1,486
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    For 20% they can look at another source, get better product and save some of the 20% for bottom line.
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  • ToTheMax
    ToTheMax Posts: 150
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    Eoin said:
    ToTheMax said:
    The lefts way of thinking about it - prices will be 20% higher.

    The rights way of thinking about it - prices to the consumer will remain the same, but the companies will magically find a way to reduce costs by 20%.

    I'm not biased, nope, not one bit ;)
    You don't run a business, do you?
    Nope, it turns out a business is way more work than I'm willing to do.
    Northern Virginia
    LBGE ~'14
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  • caliking
    caliking Posts: 18,731
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    Sheeeeeiit. That dadgum wall won't build itself, now will it? 

    #1 LBGE December 2012 • #2 SBGE February  2013 • #3 Mini May 2013
    A happy BGE family in Houston, TX.
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  • VB_egger
    VB_egger Posts: 364
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    I don't understand exactly how the world and economy work but wouldn't this also encourage buying products made here in the USA?

    If so, I am for this proposal for that alone. 
    VA Beach
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  • theyolksonyou
    theyolksonyou Posts: 18,458
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    ToTheMax said:
    The lefts way of thinking about it - prices will be 20% higher.

    The rights way of thinking about it - prices to the consumer will remain the same, but the companies will magically find a way to reduce costs by 20%.

    I'm not biased, nope, not one bit ;)
    I can tell you, there isn't 20% of fluff to go get. 
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  • alter_eggo
    alter_eggo Posts: 1
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  • HeavyG
    HeavyG Posts: 10,349
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    alter_eggo said:
    We're not getting along???

    I thought we were all getting along.

    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • ToTheMax
    ToTheMax Posts: 150
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    HeavyG said:
    alter_eggo said:
    We're not getting along???

    I thought we were all getting along.

    I agree, I don't see any bloody noses.
    Northern Virginia
    LBGE ~'14
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  • Acn
    Acn Posts: 4,424
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    VB_egger said:
    I don't understand exactly how the world and economy work but wouldn't this also encourage buying products made here in the USA?

    If so, I am for this proposal for that alone. 
    Probably not - Mexico will almost certainly bring a complaint to the WTO for the US violating GATT, and if we ignore a WTO ruling we'll probably see reciprocal tariffs from all other members.

    LBGE

    Pikesville, MD

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  • HeavyG
    HeavyG Posts: 10,349
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    caliking said:
    Sheeeeeiit. That dadgum wall won't build itself, now will it? 
    The genius of this plan is that we get to pay for it twice!
    “Reality is that which, when you stop believing in it, doesn't go away.” ― Philip K. Diçk




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  • Jeremiah
    Jeremiah Posts: 6,412
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    He's not gonna do it. He's just acting like he is so that he can claim to have fulfilled his campaign promise. 
    Slumming it in Aiken, SC. 
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  • ToTheMax
    ToTheMax Posts: 150
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    Jeremiah said:
    He's not gonna do it. He's just acting like he is so that he can claim to have fulfilled his campaign promise. 
    I don't follow.

    If he doesn't do it, then either
    1) No wall gets build -> campaign promise fail
    2) Mexico doesn't pay for the wall -> campaign promise fail
    Northern Virginia
    LBGE ~'14
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  • Jeremiah
    Jeremiah Posts: 6,412
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    He'll keep talking about it until there's newfound reason out of his control not to do it. Then, yes, it'll technically be a fail but he'll have an escape route. Or better yet a scapegoat. 
    Slumming it in Aiken, SC. 
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  • pgprescott
    pgprescott Posts: 14,544
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    Jeremiah said:
    He'll keep talking about it until there's newfound reason out of his control not to do it. Then, yes, it'll technically be a fail but he'll have an escape route. Or better yet a scapegoat. 
    I bet you're wrong. You in?
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  • Jeremiah
    Jeremiah Posts: 6,412
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    I'll be betting against something I want to see built, but I'm in. What's the stakes?
    Slumming it in Aiken, SC. 
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  • ryantt
    ryantt Posts: 2,532
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     @Jeremiah  why not  literally make it steaks maybe SRF.  
    XL BGE, KJ classic, Joe Jr, UDS x2 


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  • Skiddymarker
    Skiddymarker Posts: 8,522
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    Just saw this link used on CBC as they were discussing the issue - https://ustr.gov/countries-regions/americas/mexico

    Trade between Mexico is about $590B, including the BGE parts, Mexico has a trade surplus of about $60B. Of this some $90B is vehicles and car parts, the parts feed current assembly lines in USA. @Mickey new Tacoma might have been built or parted in Mexico. 20% tariff will either hit the company's bottom line or increase the price or maybe both. I'm betting China is already on the phone to Mexico trying to cut a deal with them. 
    Delta B.C. - Whiskey and steak, because no good story ever started with someone having a salad!
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  • Gulfcoastguy
    Gulfcoastguy Posts: 6,301
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    Eoin said:
    Don't you guys sell lots of sh1t to other countries? 20% the other way might hurt too.
    Currently we have a 60 billion dollar trade deficit with Mexico. We have a lesser trade deficit with Canada. Excuse me if I am mistaken but when we ship goods to England isn't a VAT of 15 to 20 % tacked onto the price. Isn't that a form of tariff in itself? 
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  • FATC1TY
    FATC1TY Posts: 888
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    I doubt you see increases in BGE, or even Tequila... that are outside normal cost increases for raw materials, or the ebb and flow of normal taxes.

    This is all polical and buisness posturing by everyone involved. If it worked out, sure I could see some slight increases, or perhaps less supply, and higher prices for high demand stuff.

    But I also look at it, that maybe BGE will start to cast their stuff in the USA maybe. Maybe we have some agave growers stateside start to produce and flourish if they are in states with better alcohol laws. 

    But again- posturing... this is all we will get. Bunch of headlines and posturing.
    -FATC1TY
    Grillin' and Brewing in Atlanta
    LBGE
    MiniMax
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  • YukonRon
    YukonRon Posts: 16,989
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    Taco shells will now cost $2.40 per box instead of $2.00? 
    I am heading to the streets on this one. No other president would not have done this to Americans. This is racist, and as such, misogynistic.
    I'm with Tacos.
    "Knowledge is Good" - Emil Faber

    XL and MM
    Louisville, Kentucky
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  • PSC
    PSC Posts: 148
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    HeavyG said:
    caliking said:
    Sheeeeeiit. That dadgum wall won't build itself, now will it? 
    The genius of this plan is that we get to pay for it twice!

    EXACLTY!!!! 

    Import taxes are payed by the IMPORTING country!

    So US taxpayers foot the bill for building the wall, then pay it again with import taxes. ROFL.
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