Trade Way on the Horizon

So, this is how unbridled economic war results on global losers…

Ford continues to manufacture cars in Mexico;

Trump/GOP imposes a 35% tariff on cars manufactured in Mexico and brought into the US;

Ford would have to pay $2.8 BILLION in tariffs;

Ford sold approximately 2,610,000 vehicles in 2015. Divide that number into $2.8 BILLIION and each car would increase $1071;

Because the 35% tariff would apply to all other car manufacturers, cars made in the United States would have little competition, resulting in an increase in domestically manufactured vehicles (law of supply and demand in a capitalist economy);

As prices increase, more and more cars would become financially out of the reach of the middle and lower class citizen. Few car sells result in fewer cars needed to be manufacturer;

Fewer cars manufacturer mean fewer employees;

Fewer employees mean higher un-employment;

Higher employment means cost of other good increase because those that are unable to purchase goods because they are unemployed result in lower demand and increased cost;

Increase cost in these other goods result in lower production, fewer jobs and an increase in unemployment;

Increased unemployment result in more and more foreclosures in homes as those unemployed cannot afford homes. Fewer homes means few employees and higher unemployment;

As homes are foreclosed on, more and more banks go into receivership;

As more and more banks go into receivership, fewer and fewer banks can be bailed out because the Federal government no longer the money;

As more and more banks fail, savings of the American public disappear…

Total Net Worth of Obama Cabinet - $2.75 BILLION (Center for Responsive Politics, 2010). So far, Trump’s Cabinet nominees are worth $11 BILLION (Boston Globe, December 2, 2016). When was the last time a BILLIONAIRE supported increasing his/her taxes for the benefit of the middle-class? Dahhh…Warren Buffett. Definitely not Trump/GOP because he’s “smart” and knows how to pay less in taxes…and let’s not forget, the “uneducated” are his favorite people. Just like the “uneducated” was another tyrant’s favorite who surrounded himself with the elite and killed millions.