Tag: mexico
'Universal Revulsion': Top American CEOs 'Privately' Disgusted With Trump

'Universal Revulsion': Top American CEOs 'Privately' Disgusted With Trump

Several top corporate CEOs recently confided that despite their public shows of fealty to President Donald Trump, they are less than flattering of him behind closed doors.

According to the Wall Street Journal, Trump was the main topic of conversation a gathering of corporate executives at the Yale CEO Caucus earlier this week. The economy has been on a roller coaster ride since Trump announced — and then almost immediately withdrew — punishing new tariffs on all goods imported from Canada and Mexico. Twenty-five percent tariffs on Canadian imported steel and aluminum products went into effect Wednesday, however.

When Trump suggested doubling his steel and aluminum tariffs, the roomful of CEOs — which included JPMorgan CEO Jamie Dimon, Pfizer CEO Albert Boula and Dell CEO Michael Dell — the room "responded with a mix of groans and shocked laughter, according to the Journal.

"There was universal revulsion against the Trump economic policies," Yale School of Management professor Jeffrey Sonnenfeld, who organized the event, told the paper. "They’re also especially horrified about Canada."

Bill George, who is the former CEO of Medtronic, remarked that the corporate world has since learned to keep its criticisms of the 47th president of the United States under wraps out of fear of retribution. He said he was "struck by how fearful people are and how unwilling they are to speak out," adding that executives "don’t want to get on the wrong side of the president and his constituents."

He went on to lament the new uncertain economic climate that has taken hold in Trump's second term, which has lately seen financial markets dip precipitously this week as investors fear a trade war. He said companies are worried that outbursts from Trump could end up hurting their bottom line, leading some to consider moves to curry favor with the regime in order to be spared from his wrath.

“The mood has totally changed,” George said. “What you’re hearing publicly is not what you’re going to hear privately.”

Reprinted with permission from Alternet.

Trump's Aggression Against Our Neighbors Brings Us Shame And Pain

Trump's Aggression Against Our Neighbors Brings Us Shame And Pain

Never mind how Donald Trump's threatened trade war ultimately pans out. Though a 25 percent border tax would hurt the economies of Canada and Mexico more, Americans would also feel the ill-effects. But America is already suffering. Start with the shame of menacing and sliming our good neighbors with lies.

Even if it's part of a twisted game of negotiation — Trump has already put off the war with Mexico and Canada by a month — the economic damage is lasting. (Trump's game is to jump on some small concession to declare victory.) Meanwhile, Made-in-Trump's-USA is becoming a toxic label.

Canadians recently booed "The Star-Spangled Banner" at a hockey game in Ottawa. Something tells us they don't want to become the 51st state.

Now Canada and Mexico could retaliate against American exports, starting with steel, pork and bourbon. They would focus on economic interests in Trump country, a reflection of their understanding that much of America shares their mystification, if not horror, at this sadistic show.

But these trading partners have more subtle weapons than slapping their own tariffs on American products. They can decide that the United States is an unreliable trading partner and look for replacements.

America's Midwest refineries rely on crude from Alberta. Trump says Canadian energy would get a special deal, a tariff of only 10 percent. Alberta Premier Danielle Smith says even 10 percent is not OK. She likes to point out that if you subtract energy from the trade numbers, the U.S. would probably have a trade surplus with Canada.

For all of Trump's sniveling about the price of oil, it would go higher if Canada, our largest foreign supplier, decided to sell it to someone else. Canada is already considering ways to move the product west and then onto Asia.

The best-selling beer in the U.S. is Modelo Especial from Mexico. It is made from barley harvested in places like Idaho, Montana and North Dakota. About 75% of U.S. barley exports go to Mexico. But Argentina, Chile and Brazil also grow barley and would probably be very happy to take over those sales. And the loss of that business would hurt American farmers.

Note that none of these responses involve retaliatory tariffs toward American products.

The North American economy has been integrated to our benefit as well as that of our neighbors. A "Made in America" vehicle, for example, crosses borders several times before the final product rolls to the showroom. This production sharing lets things get done in the most cost-efficient places. It is also done in Europe and Asia.

Contrary to Trump's baloney excuse for making economic war against our neighbors, Canada is the source of almost no fentanyl entering this country. And the fentanyl that comes over the border from Mexico enters through legal ports of entry, hidden in truck tires and suitcases. If that's the case, isn't it the job of U.S. authorities to check those tires?

Same goes for undocumented migrants. Of course, the border was already peaceful by the time of Trump's inauguration. Before the tariff standoff, Canada and Mexico had already stepped up helping control these migration flows on their sides of the border.

The usually Trump-friendly Wall Street Journal has called this "The Dumbest Trade War in History." That it isn't in our interests doesn't even seem to matter. The crisis serves Trump's unhinged need to be constantly at the center of the world's attention and his sick pleasure in extracting pain. War or no war, he's already achieved both.

But the pain felt by Americans trapped by a leadership in Washington that has gone haywire endures. And when the cruelty gets dumped on our friends, the pain starts with shame.

Follow Froma Harrop on Twitter @FromaHarrop. She can be reached at fharrop@gmail.com. To find out more about Froma Harrop and read features by other Creators writers and cartoonists, visit the Creators webpage at www.creators.com.

Democrats Slam Trump's Tariff As Burdensome Tax On Working Class

Democrats Slam Trump's Tariff As Burdensome Tax On Working Class

Democrats are calling out President Donald Trump’s recent tariffs on imports from Canada, Mexico, and China as exactly what they are: an economic disaster.

Alarmed Democratic lawmakers began releasing forceful statements on Saturday, immediately after Trump signed the executive order that even the right-leaning Wall Street Journaleditorial board criticized for kicking off the “dumbest trade war in history.” Economists and pundits alike agree that the tariffs will increase prices on everything from groceries to gas to car manufacturing.

“Let’s call these tariffs what they are: Trump’s Taxes on Working Families,” Illinois Gov. J.B. Pritzker said in a statement. “If these tariffs remain in place, it will jack up the price of groceries and goods, make gas more expensive, and raise utility bills. While Donald Trump is making millions off his corrupt crypto schemes and memes, working families will pay the price.”

Massachusetts Sen. Elizabeth Warren called for vigilance and action.

“I’m concerned that President Trump will give cover to giant corporations to use his tariffs as an excuse to raise prices on working families while doling out waivers to billionaires and well-connected insiders,” Warren said in a press release. “Congress will conduct rigorous oversight of what the President does and we—and the American people—will hold him accountable.”

Leaders in states whose economies rely heavily on auto manufacturing are worried Trump’s unwieldy tariffs could lead to mass layoffs and shutter production lines. According to the Detroit Regional Chamber of Commerce, Michigan’s auto industry contributes $304 billion to the state’s economy, with nearly one-quarter of all U.S. auto production happening there in 2022.

“A 25 percent tariff will hurt American auto workers and consumers, raise prices on cars, groceries, and energy for working families and put countless jobs at risk,” Michigan Gov. Gretchen Whitmer said in a statement. “Trump’s middle-class tax hike will cripple our economy and hit working-class, blue-collar families especially hard.”

On Sunday, Trump admitted on his Truth Social site that Americans should probably prepare for extra misery thanks to his reckless executive order.

“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump screamed in the post. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”

The U.S. economy is already feeling the consequences of Trump’s tantrum. When the markets opened on Monday, the Dow Jones Industrial Average plummeted, the Nasdaq dropped, and the S&P 500 Index declined in the wake of Trump’s latest ego trip.

The market drop reversed later on Monday when Trump and Mexican President Claudia Sheinbaum announced a deal that will halt tariffs on Mexico for one month after they had a “friendly” conversation on border security. But the stock market volatility is just one way that these new tariffs are already impacting the U.S. economy. That’s cause for concern for Americans who are already tired of Trump 2.0-–especially those in reliably red states like Kentucky, where Trump’s 2018 tariffs on European steel and aluminum prompted a 25 percent retaliatory tariff on American whiskey that cost the industry $580 million, according to the Kentucky Distillers Association.

Meanwhile, U.S. food prices have not gone down—they’ve gone up. Higher price tags on everything including all-important eggs are a stark reality in grocery stores despite Trump’s central campaign promise to lower prices.

“I won on groceries,” Trump boasted during an interview with NBC’s Meet the Press in December. “Very simple word, groceries.”

Democratic leaders are hammering Trump for not fulfilling his pledge to Americans and only making things worse.

“Republicans have failed to deliver on their central promise of lowering costs,” House Minority Leader Hakeem Jeffries said in a statement on Saturday. “Instead, they have freed violent felons, attempted to end Medicaid as we know it, and plan to enact massive tax cuts for their billionaire donors.”

Jeffries made sure to include Trump’s loyal GOP minions in his scathing rebuke.

“The tariffs imposed by the administration and strongly supported by House Republicans will not lower the high cost of living for everyday Americans,” he said. “Instead, it will likely do the exact opposite and make life more expensive.”

Trump’s latest tantrum is just another distracting move in his scheme to seize more power and rule with reckless abandon, leaving Americans as unwilling passengers while a madman drives the global economy into the ground.

Reprinted with permission from Daily Kos.

Pete Hegseth

Hegseth Says Invading Mexico Is 'On The Table'

Donald Trump’s brand-new secretary of defense spoke with Fox News’ morning crew Friday and said that invading countries such as Mexico is a very real option.

“The drug cartels have been declared terrorist organizations,” “Fox & Friends” host Brian Kilmeade said, adding that invading countries such as Somalia, Sudan, and Syria would be prime for an American military strike if a terrorist organization such as al-Qaida was found there.

“As the secretary of defense, are you permitted now to go after them in Mexico or wherever they are?”

“Brian, I don't want to get ahead of the president and I won't, but that's ultimately going to be his decision,” Hegseth said. "But let me be clear. All options will be on the table.”

“The military is orienting, shifting toward an understanding of homeland defense on our sovereign territorial border,” Hegseth continued. “That is something we will do, and do robustly.”

The conversation was ostensibly about fentanyl coming into our country and how serious the GOP is about using might to stop it. Of course, one of Trump’s first acts as president was to pardon infamous drug trafficker Ross Ulbricht. The idea that the GOP is serious about anything other than what the billionaire class, led by Elon Musk wants them to do is laughable.

The preoccupation with Mexico, and many non-white countries for that matter, has been a focus of the GOP for decades, which has only heightened under Trump. Trump and the GOP have routinely used Mexico as a xenophobic scapegoat for their failed economic policies. From calling Mexicans “drug dealers, criminals, and rapists” to telling ghost stories about a mythical “caravan” of immigrants winding its way through South America to invade the U.S. to changing the name of the Gulf of Mexico, nothing is too low for Trump.

Hegseth, a former Fox News weekend host, squeezed through confirmation, even as allegations of sexual abuse, domestic abuse, alcohol abuse, and a deluge of general inadequacies as a person were revealed to the public.

Reprinted with permission from Daily Kos.

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