President Trump's announcement that he intends to impose tariffs on Mexico unless it works with the U.S. to staunch the flow of illegal immigrants across the border raised hackles all over Washington.
On Thursday, Trump said he'd impose 5% tariffs on all Mexican goods starting next week.
Rep. Nydia Velázquez, who heads the House Small Business Committee, complained that Trump "Has yet again failed to understand - increasing tariffs means placing unnecessary taxes on the backs of American workers and small businesses."
Critics of the tariff threat are right that tariffs are little more than taxes on imported goods, paid for by consumers in higher prices.
There are increased calls to rein in the president's seemingly boundless ability to impose tariffs.
"The short answer, at least in the short term, is 'yes,' both because of the president's constitutional power over foreign affairs and because multiple statutes enacted by Congress over the past century authorize the president to impose tariffs or quotas on imports and regulate foreign commerce in other ways as well."
Trump used a provision of the Trade Act of 1974 - called Section 301 - to impose tariffs on $250 billion worth of Chinese goods.
https://issuesinsights.com/2019/06/03/dont-like-trumps-tariffs-blame-democrats/
On Thursday, Trump said he'd impose 5% tariffs on all Mexican goods starting next week.
Rep. Nydia Velázquez, who heads the House Small Business Committee, complained that Trump "Has yet again failed to understand - increasing tariffs means placing unnecessary taxes on the backs of American workers and small businesses."
Critics of the tariff threat are right that tariffs are little more than taxes on imported goods, paid for by consumers in higher prices.
There are increased calls to rein in the president's seemingly boundless ability to impose tariffs.
"The short answer, at least in the short term, is 'yes,' both because of the president's constitutional power over foreign affairs and because multiple statutes enacted by Congress over the past century authorize the president to impose tariffs or quotas on imports and regulate foreign commerce in other ways as well."
Trump used a provision of the Trade Act of 1974 - called Section 301 - to impose tariffs on $250 billion worth of Chinese goods.
https://issuesinsights.com/2019/06/03/dont-like-trumps-tariffs-blame-democrats/
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