As President Donald Trump shows no sign of backing down on both his promise to build a wall at the U.S.-Mexico border, and pressuring Mexico to pay for it, Mexico itself shows no sign of caving on the latter. Both Mexico’s current and former president have denied there are any circumstances in which Mexico would be paying for the wall.
Thus far, Trump has promised to impose a 20 percent import tax on Mexican goods to serve one of two potential purposes. The funds garnered from it could be used towards the border wall – but remember that it’s American consumers who pay for the wall in that case in the form of higher prices.
Alternatively, since Americans would buy less goods from Mexico once they’re priced 20 percent higher, Trump could be trying to damage Mexico’s exporting industries to the point where it costs more to their economy than forking over money for a border would.... Read more: http://www.allenbwest.com/matt-palumbo/mexico-pays-but
Burley
0 comments:
Post a Comment