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but the supply chains in north america are anything but simple. the u.s. trades back and forth with mexico. it is america s biggest supplier of agricultural products, $26 billion in 2018. and remember, mexico will not pay these tariffs. american businesses will pass the cost on to consumers. john cornyn of texas laid out the cost clearly on the senate floor yesterday. tariffs on the other hand, would be a massive tax. the u.s. chamber estimates that texas alone would face $5.35 billion in increased costs as a result of 5% tariffs that could take effect as early as monday. this translates into about a thousand dollars more on a car. it would be about $1,300 more per car. a new study found the 5% tariff would cost the u.s. more than 400,000 jobs. the president is using tariffs ....
tariffs, on the other hand, would be a massive tax. the u.s. chamber estimates that texas alone would face $45.35 billion anyone creased costs as a result of a 5% tariff that could take effect as early as monday. this translates into about $1,000 more on a car. he s on the ballot, us a noted, and what the president has done. he s twisted his party like a pretzel on many issues, trade significantly, and if you re a texas reap warnings immigration as well. and this is on the backdrop of pain, severe pain that so many of the senators and house members in trump-won states are feeling and they are hearing about from their constituents, farmers in iowa, you know, farmers all over, you know, red state and blue state america, so that is already going on, and this threat is just it s like from their perspective it s kicking them when they are down, and so that is why you ....
If they go high, companies are going to move into the united states. it s very simple. it s not really that simple. we trade a lot back and forth with mexico. mexico is america s biggest supplier of ag products, $26 billion in 2018. mexico will not pay these tariffs. american businesses will pay the tariffs and then they can either eat the profit or pass that on to consumers. john corden of texas laid out the cost clearly on the senate floor yesterday. tariffs on the other hand would be a massive tax. the u.s. chamber estimates that texas alone would face $5.35 billion in increased costs as a result of a 5% tariff that could take effect as early as monday. this translates into about a thousand dollars more on a car. if deutsche bank estimates it would be more than like $1,300 per car. then there s this, a study found the 5% tariff would cost the u.s. more than 400,000 jobs. the president is using tariffs ....
if they don t step up tariffs will go on. and if they go high, the companies are moving back into the united states. that s all. it s very simple. well it is very simple. you know, companies aren t moving back to the united states. they can t and won t make decision that is quickly. they ll wait. becauses in hundreds of millions of tars at stake. any will instead pass along the tariff in the form of higher prices to americans for everything from cars to food. republican senator john cornyn lays it out pretty clearly today. tariffs on the other hand would be a mass tax. the u.s. chamber estimates that texas alone would face $5.35 billion in increased costs as a result of a 5% tariffs that could take effect as early as monday. in translates into about $1,000 more on a car. $1,000 more per car. deutsche bank says it s in fact ....
A tax on the american people. if you were a texan, what this 5% tax does, is it raises taxes on texans by 5.35 billion. if it goes to 25%, it will go up to 28% in terms of the tax. very, very punitive to us as americans as opposed to mexico. although the mexico pest so got hammered. i think ultimately it will hurt mexico more than us. we don t have to buy these things that come across. speak for yourself. i love guacamole. we know the president s style is a carrot and stick approach. the stick came first. now kevin corke just mentioned kellyanne conway, there was a question about meeting with mexico. she did say they re on their way. she was also asked will this jeopardize usmca? she said it should not. this goes on parallel tracks. congress could approach this and ....