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David Goldman is the assistant managing editor for CNN Business, overseeing coverage of markets, companies, strategy and business leaders. The opinions expressed in this commentary are his own. .leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } Tariffs on Mexico will be bad for American business. Period. How do we know that? Because other tariffs are already hurting American companies.
Business in the 21st century is complicated. Protectionist trade policy can backfire. Just look at two sets of tariffs imposed earlier by President Donald Trump.In January 2018, Trump imposed a 20% tariff on imported washing machines. Whirlpool was ecstatic."This is, without any doubt, a positive catalyst for Whirlpool," CEO Marc Bitzer said at the time. The company added 200 jobs in its Ohio factory in anticipation of a sales surge. Whirlpool bet wrong.
I hope it works, most people pay attention if you hit them in their pocketbook
😱😱
We don’t care stop the madness on the border at all costs.
The benefit to our country will be worth the sacrifice, cupcake.
Mexico has taken advantage of the U.S. long enough. If this is what it takes to get cooperation from their government....I'd be in favor of 50% tariffs!
Trump’s abhorrent racist and xenophobic constituents fear losing the 🇺🇸 to minorities; thus, supplemental taxes are a small sacrifice to protect what they see as rightfully theirs. Their fears run deep bc we may treat them the way they’ve treated others if they become a minority.
That’s the incentive. Mexico needs to do more....💋Better, Congress needs to do there jobs.
Yep. Not as bad having to support 100k illegals a month.
No pain no gain. What do you think should be done. Don’t just criticize come up with your plan
We don’t care, we will pay more! It got Mexico to the table next day!! What is congress doing other than democrat harassment of the president and hoax investigations
You have seen Mexico is making noise about helping with Immigration. The damage to their economy would be far worse than the damage to ours.
Foolish news network, we know it's going to hurt both countries but we know also that its going to hurt Mexico more and they can't stand it for long. So try and be more informative in dispensing whatever you think you are doing because now we know better. MAGA2020
Lol
Do it now.
So CNN recommends he take no action? Such weak, biased reporting.
I support trump
Illegal aliens have destroyed our schools, healthcare system and they’ve suppressed our wages.
More short-term thinking from the left. This is why the evil countries will take over our country, because they are LONG-term thinkers. BTW, What in the world are they teaching in economic classes these days!? Oh right, socialism!
Gotta get people to do what they are supposed to do
Thank you realDonaldTrump we support you
Let not forget that 99% of those migrants are from Honduras,el Salvador & Guatemala. Mexican nationals coming to 🇺🇸 are at all time lows. So basically shooting the messenger
Mexico is a problem. And CNN reporters aren't solving it are they.
Time for Mexico to step up enforcement!
Where the facts!
It's sad that the Trumpsters refuse to believe that his new tariffs are going to hurt THIS country. Then again, they still believe that his 'tax cuts' are helping them. 🤦♀️
Trump: “If Mexico does not stop sending migrants to the border, I will indirectly punish them by making Americans pay more at Walmart.” Mexico: “LMAO! 🤣🤣🤣🤣🤣🤣🤣”
Stop calling him president! Start calling him:
It's hurting Americans more by letting them all come in we need to close the border now!
Tariffs built this country
So is the open border...
Please don’t let Trump know that will hurt us. He’ll only want to do it more.
Not Could. Will
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