Iowa

TexasTowelie

(116,554 posts) Thu Jan 26, 2017, 11:57 PM Jan 2017

Iowa uneasy over Trump's proposed imports tax on Mexico

Iowans' fears that President Donald Trump could incite an international trade war were heightened Thursday when the he floated a plan to pay for a proposed wall along the Mexican border with a 20 percent tax on imports.

Experts warn such a move could ripple through Iowa's economy, prompting Mexico and other countries hit with the tax to retaliate against local firms that export products internationally — a prospect that is particularly daunting for Iowa ag producers and manufacturers.

Next to Canada, Mexico is Iowa's second largest export market.

"There will be a tit-for-tat reaction," said Iowa State University Economist Peter Orazem. "Mexico is our second biggest customer, so I don’t think that’s good."

Read more: http://www.desmoinesregister.com/story/money/business/2017/01/26/iowa-uneasy-over-trumps-proposed-imports-tax-mexico/97082370/

5 replies

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Highlight:

Iowa uneasy over Trump's proposed imports tax on Mexico (Original Post) TexasTowelie Jan 2017 OP

He won Iowa by 10 points. madaboutharry Jan 2017 #1

Benghazi... orwell Jan 2017 #2

Everbody should be uneasy. HassleCat Jan 2017 #3

It's all good Ajji11 Jan 2017 #4

BULLSHIT headline slumcamper Jan 2017 #5

madaboutharry

(41,301 posts)

1. He won Iowa by 10 points.

Reply to TexasTowelie (Original post)

Fri Jan 27, 2017, 12:12 AM

Jan 2017

Wonder how all those voters feel now. They were all so tired of having to be politically correct and you know, emails.

orwell

(7,916 posts)

2. Benghazi...

Reply to madaboutharry (Reply #1)

Fri Jan 27, 2017, 12:26 AM

Jan 2017

...don't forget about that!

HassleCat

(6,409 posts)

3. Everbody should be uneasy.

Reply to TexasTowelie (Original post)

Fri Jan 27, 2017, 12:40 AM

Jan 2017

US companies in every state depend on products from Mexico. Look inside your car sometime and check out the parts made in Mexico. The guy is the proverbial bull in the China shop.

Ajji11

(6 posts)

4. It's all good

Reply to TexasTowelie (Original post)

Fri Jan 27, 2017, 12:41 AM

Jan 2017

as long as they have that wall of hate.

slumcamper

(1,715 posts)

5. BULLSHIT headline

Reply to TexasTowelie (Original post)

Tue Jan 31, 2017, 10:30 PM

Jan 2017

"Iowa" is not uneasy. What a gross over-generalization. One or two ISU economists do not speak for Iowa. I bet 10 to 1 that if you go downtown to the cafe in Hicktown, Iowa, 9 out of 10 of the people sitting in there will favor anything tht sounds remotely punitive to someone else, especially Mexico.

We have got to stop shitting ourselves about the reality in most of these places. They are NOT the progressive-leaning bastions of reason that we wish they might be. And if we don't wake the hell up and challenge the thinking of these these hunyocks, we're on the path to becoming Alabama.

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