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Trump Plans 20% Tax on Mexican Imports to Pay for Border Wall
- pivo 10y agoDoesn't that mean that US citizens will actually end up paying for the wall through higher prices on these goods?
- deleted 10y ago[deleted]
- ZeroGravitas 10y agoApparently 40% of every Mexican import is American made due to the tight integration of supply chains that NAFTA made possible, so not only do the US consumers pay higher prices, but they'll be buying alternatives that may have less American made content and reducing domestic demand.
- deleted 10y ago[deleted]
- sharemywin 10y agoand the trade war begins.
- elmerfud 10y agoThat's not really Mexico paying for it. Market pressures already keep prices low, therefore this is unlikely to come out of the profit side of the goods. Instead it will be passed along as higher prices to the consumer, or the goods will be sourced elsewhere.
- el_benhameen 10y agoIt's unclear to me how this doesn't functionally mean "Trump plans 20% VAT to pay for border wall". Why would Mexican manufacturers _not_ pass the tax on to consumers unless there's a competing product from another country?
- artur_makly 10y agohttps://twitter.com/ArturMakly/status/824739661658611718 https://twitter.com/ArturMakly/status/824739661658611718
- ZeroGravitas 10y agoThis fake tweet sounds scarily close to something Trump's economic adviser actualy said: "Peter Navarro, who leads the White House National Trade Council, said during the campaign that tariffs would not cost U.S. jobs. "The tariff is not an end game, it's a strategy -- a strategy to renegotiate trade deals," Navarro told CNNMoney during the campaign. "Tariffs wouldn't put U.S. jobs at risk."" So, US jobs would not be at risk, they'll just pretend to put them at risk to scare the Mexicans. And then they'll announce that strategy to the press in advance.